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Backup Offers

1575 Ridge Rd, Ypsilanti, MI, 48198

$449,900

Home List Price

$5,343*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1575 Ridge Rd, Ypsilanti$449,900

Buyer Closing Credits

$5,343*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1910
HeatingElectric, Natural Gas, Baseboard, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #54024014585
Lot Size1.20 Acres
StatusAccepting Backup Offers

About 1575 Ridge Rd

Turn-key investment property with four units just minutes from Depot Town, EMU, and area hospitals! Situated on over an acre of land, this property consists of a triplex (1575 Ridge), a detached ranch home (1583 Ridge), and a detached 3-car garage with additional parking. All four units are fully rented (see attachments for dates and rates) with total monthly rental income of $5,000, but you could also choose to live in one unit yourself and rent out the other three! Each unit offers private entry, a private porch, a full bathroom, a full kitchen, and its own utility meters. The triplex has two 1-bedroom units and a 2-bedroom unit, while 1583 Ridge has two bedrooms. Recent updates include both roofs, furnaces and water heaters in 1575, and a new boiler in 1583. Incredible opportunity tostart or grow your investment portfolio, or have your mortgage paid for while you live rent-free! 72-hour notice required for all showings, no exceptions.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: Coldwell Banker Realty Ann Arbor
  • Office Phone: (734) 930-0200
  • Listing Agent: Aleksandr Milshteyn

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 1.20 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas, Baseboard, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: E. Michigan Avenue or Geddes Road to West Side of Ridge Road Just North of Mott Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,900

Tax Information:

  • Annual Amount: $5,671
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ypsilanti, MI.

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Ypsilanti, MI

City

Med. Sold Price

$273.3K

Med. Price/SqFt

$182

Avg. Days On Market

25

# of Sold Homes

55

1575 Ridge Rd vs Ypsilanti

32 DAYS ON ROCKET

+7 Days

$449,900

+$176.5K More

KEY TAKEAWAY

This property is $176.5K more than the Median Sold Price in Ypsilanti, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Ann Arbor Area Board of REALTORS®
  • MLS Number: #54024014585

Listing Office:

  • Office Name: Coldwell Banker Realty Ann Arbor
  • Office Phone: (734) 930-0200
  • Listing Agent: Aleksandr Milshteyn

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,671$153,000
2020$5,098$155,300
2019$4,849$136,300
2018$4,826$111,500
2017$4,701$111,100

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,415

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2714475
3
/10

  • Holmes Elementary School

  • 1255 Holmes Rd

  • 1.81 miles

  • Public District Grades KG-6

school-card-donut-2714476
4
/10

  • Erickson Elementary School

  • 1427 Levona St

  • 3.15 miles

  • Public District Grades 2-6

school-card-donut-2714477
7
/10

  • Workman Elementary School

  • 250 N Denton Rd

  • 3.40 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,428. The majority of Ypsilanti, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Washtenaw County›Ypsilanti›48198›1575 Ridge Rd

This home is located at 1575 Ridge Rd in Ypsilanti, MI and zip code 48198. This home, which was built in 1910, sits on a 1.20 acre lot. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $449,900.

In March 2024 more than 25 listings in Ypsilanti, MI were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 18 were sold below. The number of listings in Ypsilanti, MI increased by 8.9% between February 2024 and March 2024. In March 2024 median list price was $273,365 and the average listing age was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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