Sold
485 Jefferson Street, Ypsilanti, MI 48197
Sold on 11/26/2025 for$179,900
MLS # 25045076 (Michigan Regional Information Center (MichRIC))
3 beds1 bath1,092 sqftBuilt 19830.13 acres
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Listing Description
Unlock a valuable investment opportunity at 485 Jefferson Street, a 3-bedroom, 1-bathroom home! This well-maintained property generates immediate rental income, making it a smart choice for investors or those seeking a hassle-free rental venture. The home features a practical layout with sufficient space for comfortable living, ideal for tenants or future owners. With its existing tenancy and strong income potential, 485 Jefferson Street is a low-maintenance, high-return addition to any real estate portfolio. Don't miss this income-producing opportunity! No showings without an accepted offer. This property is currently rented at $1850 per month with a lease thru May 2026.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,092 sq ft home in Parkridge Southside in Ypsilanti built in 1983.
Closed at $179,900 (about $165/sq ft).
Annual property taxes run approximately $6,103 ($509/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 7 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,092 sqft
Lot Size0.13 acres
Year Built1983
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48197
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
StyleRanch
ConstructionBrick
BasementPartial
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed9/2/2025
Sold Date11/25/2025
Original Price$199,900
Terms AcceptedCash, FHA, VA Loan, Conventional
Concessions$3,500
Source: SparkMLS
Tax Information
Annual Tax$6,103
Tax Year2024
Assessed Value$79,339
Parcel #11-11-37-156-003
Source: SparkMLS
Legal Description
*OLD SID - 11 11-475-128-00 YP CITY 48W-65 LOT 128 PARK RIDGE.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jeremy Rhodes
Cornerstone Real Estate
Frequently Asked Questions about 485 Jefferson Street, Ypsilanti, MI 48197
What school district is 485 Jefferson Street, Ypsilanti, MI 48197 in?
Per MLS# 25045076, this property is served by School District of Ypsilanti. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 25045076, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Conventional. 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# 25045076, the most recent reported annual property tax for 485 Jefferson Street, Ypsilanti, MI 48197 is $6,103 (2024). 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 485 Jefferson Street, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 485 Jefferson Street, Ypsilanti, MI 48197 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, 485 Jefferson Street, Ypsilanti, MI 48197 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.
Is fiber internet available at 485 Jefferson Street, Ypsilanti, MI 48197?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.
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. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,167
Principal & interest$1,167
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
7 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
485 Jefferson Street, Ypsilanti, MI 48197
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Neighborhood
Parkridge Southside
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Community
Ypsilanti
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County
Washtenaw County
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