13 days on rocket

408 N Hamilton St, Ypsilanti, MI, 48197

$395,000

Home List Price

$4,691*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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408 N Hamilton St, Ypsilanti$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1929
HeatingNatural Gas, Forced Air, Hot Water, Floor Furnace
BasementYes
MLS #54024018222
Lot Size0.14 Acres
StatusActive

About 408 N Hamilton St

Outstanding and high performing triplex investment property with stable tenants and fully occupied. Located in a very popular investment property area in the City of Ypsilanti. Very close and convenient to Eastern Michigan University's campus, the famous Depot Town, restaurants, bars, coffee shops, shopping and so much more. Cap rate is a healthy 6.8%. Contact the listing agent for more information.

Property Details

Property Features

Property Information:

  • Year Built: 1929

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Kirk D Glassel

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility, Cable Available

Exterior Features

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Hot Water, Floor Furnace

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000

Tax Information:

  • Annual Amount: $7,012
  • 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

408 N Hamilton St vs Ypsilanti

13 DAYS ON ROCKET

-12 Days

$395,000

+$121.6K More

KEY TAKEAWAY

This property is $121.6K 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: #54024018222

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Kirk D Glassel

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: 4/30/2024, 4:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2018Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,012$101,900
2020 - $89,700
2019 - $76,800
2018$4,944$76,900
2017$4,843$74,000

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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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-3816618
3
/10

  • Estabrook Elementary School

  • 1555 W Cross St

  • 1.19 miles

  • Public District Grades 2-6

school-card-donut-3816619
3
/10

  • Holmes Elementary School

  • 1255 Holmes Rd

  • 1.62 miles

  • Public District Grades KG-6

school-card-donut-3816620
4
/10

  • Erickson Elementary School

  • 1427 Levona St

  • 2.08 miles

  • Public District Grades 2-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,745. Most Ypsilanti, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Washtenaw County›Ypsilanti›48197›408 N Hamilton St

This home is located at 408 N Hamilton St in Ypsilanti, MI and zip code 48197. This home, which was built in 1929, sits on a 0.14 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $395,000.

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. In March 2024 in Ypsilanti, MI there were 8.9% more homes for sale than in February 2024. In March 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $273,365.

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

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