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507 Oakwood Street, Ypsilanti, MI 48197
Sold on 04/09/2026 for$385,000
MLS # 26008980 (Michigan Regional Information Center (MichRIC))
4 beds3 baths1,801 sqftBuilt 19780.2 acres
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Listing Description
Spacious College Heights home in a desirable location across the street from EMU. This 4 bed/3 bath home features a stylish contemporary design and functional layout. Enter into a practical living area with warm hardwood flooring that flows nicely toward the kitchen and dining areas. The cozy family room has a wood burning fireplace and a doorwall that leads to the rear yard. Upstairs you'll find 3 roomy bedrooms highlighted by a primary suite with a walk-in closet, full bath, and balcony. The basement has been recently updated with a fresh coat of paint and new LVP flooring in the fourth bedroom. Newer furnace (2020), hot water heater (2020), and garage door (2025) bring peace of mind to new owners. Walkable to Cross St/Depot Town/B2B Trail and a short drive to all that Washtenaw has to offer.
Source: SparkMLS
About this home
4-bedroom, 3-bath, 1,801 sq ft home in College Heights in Ypsilanti built in 1978.
This home sold for $385,000 (about $214/sq ft).
Estimated annual property tax: $8,214, or about $684 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
Bedrooms4
Bathrooms3
Living Area1,801 sqft
Lot Size0.2 acres
Year Built1978
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
StyleContemporary
ConstructionWood Siding
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorGarage Door Opener
Sale & Financing
Listed3/11/2026
Sold Date4/8/2026
Terms AcceptedCash, Conventional
Concessions$2,089
Source: SparkMLS
Tax Information
Annual Tax$8,214
Tax Year2025
Assessed Value$100,039
Parcel #11-11-05-460-013
Source: SparkMLS
Legal Description
*OLD SID - 11 11-380-024-00 38W-29A LOT 24 EXC W 66 FT CHARLES MC CORMICK'S PLAT.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Spencer Walz
Walz Realty, LLC
Frequently Asked Questions about 507 Oakwood Street, Ypsilanti, MI 48197
Which school district serves 507 Oakwood Street, Ypsilanti, MI 48197?
Per MLS# 26008980, 507 Oakwood 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.
Can I use FHA or VA financing for this property?
Per MLS# 26008980, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 507 Oakwood Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $8,214 (2025). 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 Oakwood 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.
Is 507 Oakwood 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 Oakwood 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.
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Monthly payment$2,264
Principal & interest$2,264
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 Oakwood Street, Ypsilanti, MI 48197
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Neighborhood
College Heights
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Community
Ypsilanti
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County
Washtenaw County
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