Sold
4242 Schaefer Road, Dearborn, MI 48126
Sold on 05/27/2026 for$214,000
MLS # 20261029230 (Realcomp)
2 beds2 baths1,450 sqftBuilt 19980 acres
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Listing Description
Ready-to-move-in condo in highly sought-after Georgetown Condos! Featuring 2 spacious bedrooms plus a versatile library/den—perfect for a home office or additional living space. Ideally located right on Schaefer Rd in the heart of Dearborn, close to shopping, dining, and major freeways. Well-maintained and move-in ready. Opportunities in this community don’t last!
Source: SparkMLS
About this home
This 2-bedroom, 2-bath, 1,450 sq ft home built in 1998 sits in Dearborn in Dearborn.
This home sold for $214,000 (about $148/sq ft).
Property tax estimate: $3,687 per year ($307/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,450 sqft
Year Built1998
Stories2
Location
CityDearborn
MunicipalityDearborn City
Zip Code48126
CountyWayne
School DistrictDearborn
Construction & Systems
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/27/2026
Sold Date5/26/2026
Terms AcceptedCash, Conventional, FHA
HOA
HOA Fee$370 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$3,687
Parcel #32821017304048
Source: SparkMLS
Legal Description
UNIT 8 GEORGETOWN COMMONS OF DEARBORN CONDOMINIUM, WAYNE COUNTY CONDOMINIUM SUBDIVISIONPLAN NO. 482
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jimmy Berry
Berkshire Hathaway HomeServices Kee Realty Bham
Frequently Asked Questions about 4242 Schaefer Road, Dearborn, MI 48126
What school district is 4242 Schaefer Road, Dearborn, MI 48126 in?
Per MLS# 20261029230, this property is served by Dearborn. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261029230, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261029230, the most recent reported annual property tax for 4242 Schaefer Road, Dearborn, MI 48126 is $3,687. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4242 Schaefer Road, Dearborn, MI 48126 eligible for USDA financing?
Per USDA Rural Development boundary data, 4242 Schaefer Road, Dearborn, MI 48126 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4242 Schaefer Road, Dearborn, MI 48126 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Mortgage Calculator
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Monthly payment$1,855
Principal & interest$1,485
HOA$370
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4242 Schaefer Road, Dearborn, MI 48126
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Municipality
Dearborn
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County
Wayne County
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