Under Contract
5742 Princeton Place, Ypsilanti, MI 48197
$290,000
MLS # 26014698 (Michigan Regional Information Center (MichRIC))
3 beds1 bath1,404 sqftBuilt 19730.17 acres
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Listing Description
Welcome to this charming and versatile home offering 3 spacious bedrooms, plus a dedicated office that can easily serve as a 4th bedroom. The front family room is perfect for some quiet reading time, while the open-concept living and dining area creates a bright, inviting space for both everyday living and entertaining. The open kitchen provides ample room for cooking, while freshly installed luxury vinyl plank (LVP) flooring flows seamlessly throughout the main level, adding both style and durability. Downstairs, you'll find a full basement featuring an egress window, a convenient laundry area, and abundant storage space. A professionally installed drainage system adds peace of mind and long-term value. Step outside to enjoy your deck overlooking a generous yard filled with established garden beds and mature fruiting plants, including blueberry bushes, blackberries, and a unique pawpaw tree. A generator with a new battery is also included, offering added security and convenience year-
Source: SparkMLS
About this home
Located in Ford Lake Village in Ypsilanti, this property offers 3-bedroom, 1-bath, 1,404 sq ft, with original construction dating to 1973.
Asking $290,000 (about $207/sq ft).
Annual property taxes run approximately $6,000 ($500/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 SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,404 sqft
Lot Size0.17 acres
Year Built1973
Stories1
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48197
CountyWashtenaw
School DistrictLincoln Consolidated
Construction & Systems
StyleRanch
ConstructionBrick, Wood Siding
BasementFull, Slab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesCable Connected, Storm Sewer
InteriorGarage Door Opener, Eat-in Kitchen
Sale & Financing
Listed4/10/2026
Terms AcceptedCash, FHA, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,000
Tax Year2025
Assessed Value$102,982
Parcel #K-11-22-460-056
Source: SparkMLS
Legal Description
YP#-56 LOT NO. 56 SMOKLER TEXTILE SUB. NO. 1
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Krista Dragun
Coldwell Banker Professionals
Frequently Asked Questions about 5742 Princeton Place, Ypsilanti, MI 48197
What school district is 5742 Princeton Place, Ypsilanti, MI 48197 in?
Per MLS# 26014698, this property is served by Lincoln Consolidated. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 5742 Princeton Place, Ypsilanti, MI 48197?
Per MLS# 26014698, 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# 26014698, the most recent reported annual property tax for 5742 Princeton Place, Ypsilanti, MI 48197 is $6,000 (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.
Is 5742 Princeton Place, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 5742 Princeton Place, 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, 5742 Princeton Place, 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.
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$1,881
Principal & interest$1,881
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
5742 Princeton Place, Ypsilanti, MI 48197
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Neighborhood
Ford Lake Village
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Community
Ypsilanti
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County
Washtenaw County
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