Coming Soon
507 Madison Street, Ypsilanti, MI 48197
$189,900
MLS # 20261050293 (Realcomp)
3 beds2 baths1,760 sqftBuilt 19700.14 acres
1 / 44
Listing Description
Welcome to this charming 3-bedroom, 1.5-bath brick ranch nestled in one of Ypsilanti’s established neighborhoods! Offering timeless curb appeal, a functional layout, and a full basement with endless potential, this home is ready for its next owner to make it their own.Inside, you’ll find comfortable living spaces, generously sized bedrooms, and the durability and low-maintenance appeal that comes with classic brick construction. Whether you’re looking for extra storage, a workshop, home gym, or future finished living space, the expansive basement provides plenty of flexibility. Conveniently located just minutes from Eastern Michigan University, this home offers quick access to local dining, shopping, parks, and the vibrant shops and restaurants of historic Depot Town. Commuters will appreciate the easy access to I-94, making trips to Ann Arbor, Detroit Metro Airport, and surrounding communities a breeze. The University of Michigan and downtown Ann Arbor are also just a short drive away, giving you the best of both communities. Eastern Michigan University University of Michigan Depot Town. Whether you’re a first-time homebuyer, downsizing, or searching for a smart investment opportunity, this well-located ranch offers comfort, convenience, and outstanding potential. Schedule your private showing today!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,760 sq ft home built in 1970 sits in Ypsilanti in Ypsilanti.
Listed at $189,900 (about $108/sq ft).
Estimated annual property tax: $4,785, or about $399 monthly. 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 SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,760 sqft
Lot Size0.14 acres
Year Built1970
Stories1
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementPartial
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed7/2/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,785
Parcel #111137151005
Source: SparkMLS
Legal Description
*OLD SID - 11 11-475-246-00 YP CITY 48W-159 LOT 246 PARK RIDGE.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Drew M Cheetwood
Social House Real Estate Group LLC
Frequently Asked Questions about 507 Madison Street, Ypsilanti, MI 48197
Which school district serves 507 Madison Street, Ypsilanti, MI 48197?
Per MLS# 20261050293, 507 Madison Street, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
What financing options are available for 507 Madison Street, Ypsilanti, MI 48197?
Per MLS# 20261050293, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 507 Madison Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $4,785. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 507 Madison Street, Ypsilanti, MI 48197 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 507 Madison Street, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 507 Madison Street, Ypsilanti, MI 48197?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$1,232
Principal & interest$1,232
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
507 Madison Street, Ypsilanti, MI 48197
View full property history →
Municipality
Ypsilanti
View all listings →
County
Washtenaw County
View county overview →
Get email alerts for new listings near 507 Madison Street
We'll notify you when something hits the market in Ypsilanti or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.