Sold
507 Madison Street, Ypsilanti, MI 48197
Sold on 11/23/2022 for$162,000
MLS # 54636 (Michigan Regional Information Center (MichRIC))
3 beds2 baths1,660 sqftBuilt 19700.14 acres
1 / 81
Listing Description
Looking for a serious buyer! The property has already appraised at value and passed inspections. This 3 bedroom, 1 1/2 bath ranch home located in the City of Ypsilanti. This move in ready home has all of the bells and whistles and is perfect for a first-time buyer. All of the major upgrades have been completed. This home includes a spacious living room with plenty of natural light. It opens up to the galley kitchen which included stainless steel appliances, a new mounted vented hood, freshly painted cabinets w/ new hardware, wood countertops, and subway tiled backsplash. Both the main and basement bathrooms have been updated with new vanities, toilets, mirrors, and lighting. The half bath in the basement can be easily be converted into a full bath as the additional plumbing is already t
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,660 sq ft home in Parkridge Southside in Ypsilanti built in 1970.
Closed at $162,000 (about $98/sq ft).
Estimated annual property tax: $2,091, or about $174 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,660 sqft
Lot Size0.14 acres
Year Built1970
Stories1
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
StyleRanch
ConstructionBrick, Vinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Storm Sewer
InteriorEat-in Kitchen
Sale & Financing
Listed10/10/2022
Sold Date11/22/2022
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,091
Tax Year2022
Assessed Value$31,245
Parcel #11-11-37-151-005
Source: SparkMLS
Legal Description
*OLD SID - 11 11-475-246-00 YP CITY 48W-159 LOT 246 PARK RIDGE.
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Martha Townsend
Realty Experts LLC
Frequently Asked Questions about 507 Madison Street, Ypsilanti, MI 48197
What school district is 507 Madison Street, Ypsilanti, MI 48197 in?
Per MLS# 54636, 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.
Can I use FHA or VA financing for this property?
Per MLS# 54636, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, MSHDA, 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# 54636, the most recent reported annual property tax for 507 Madison Street, Ypsilanti, MI 48197 is $2,091 (2022). 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 507 Madison Street, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 507 Madison 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: 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.
Mortgage Calculator
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Monthly payment$1,070
Principal & interest$1,070
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Property
507 Madison 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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