14 days on rocket

525 2nd St, Ypsilanti, MI, 48197

$195,000

Home List Price

$2,316*

Closing Credit

4 Bedrooms
2 Full Baths
1,323 SqFt
$147/SqFt
House
Schools Nearby

Location

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525 2nd St, Ypsilanti$195,000

Buyer Closing Credits

$2,316*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
MLS #54024021672
Lot Size0.30 Acres
StatusActive

About 525 2nd St

Get ready to call this charming 1920s south side bungalow your new home. This 4-bedroom house boasts hardwood floors, a formal dining room, and a rare first floor bedroom. Upstairs there are 3 more bedrooms plus a full bathroom. The large basement includes a second bathroom with a shower, laundry room, and space to play or work at home. Spend your summer relaxing on the front porch or in the generously sized, fully fenced backyard, featuring mature shade trees. Minutes to parks, award-winning schools, downtown Ypsilanti, libraries, groceries and more!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1926
  • Stories: 2
  • Living Area: 1,323 SqFt

Listing Office:

  • Office Name: Real Estate One
  • Office Phone: (734) 217-3000
  • Listing Agent: Maria Sheler-Edwards

Interior Features

Interior Information:

  • Appliances: Disposal, Dryer, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Fenced

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Michigan Ave to south on Second Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $195,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $2,932
  • 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

$275K

Med. Price/SqFt

$183

Avg. Days On Market

27

# of Sold Homes

81

525 2nd St vs Ypsilanti

14 DAYS ON ROCKET

-13 Days

$195,000

-$80K Less

$147/SqFt

-$37 Less

KEY TAKEAWAY

This property is $80K less than the Median Sold Price and $37/SqFt less than other homes 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: #54024021672

Listing Office:

  • Office Name: Real Estate One
  • Office Phone: (734) 217-3000
  • Listing Agent: Maria Sheler-Edwards

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: 5/17/2024, 9:20:36 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$2,932$47,200
2020 - $39,000
2019 - $36,500
2018$2,111$34,000
2017$2,057$32,600

History based on county public records data.

Payment Calculator

$1,041

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$651

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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-2846545
1
/10

  • Estabrook Elementary School

  • 1555 W Cross St

  • 1.04 miles

  • Public District Grades 2-6

school-card-donut-2846546
1
/10

  • Erickson Elementary School

  • 1427 Levona St

  • 2.03 miles

  • Public District Grades 2-6

school-card-donut-2846547
1
/10

  • Holmes Elementary School

  • 1255 Holmes Rd

  • 2.57 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,250. Typical income of Ypsilanti, MI residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 525 2nd St

What is the listing price of this property?

The listing price of 525 2nd St property is $195,000.

What type of property is this?

The property 525 2nd St is a house located in Ypsilanti, Michigan, 48197.

Is this property for sale now?

Active Listing: 525 2nd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,932 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 525 2nd St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 525 2nd St is 1,323 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 2nd St is 1926.

Rocket Homes›Michigan›Washtenaw County›Ypsilanti›48197›525 2nd St

This home is located at 525 2nd St in Ypsilanti, MI and zip code 48197. This 1,323 square foot home, which was built in 1926, sits on a 0.30 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $195,000.

In April 2024 more than 46 listings in Ypsilanti, MI were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 20 were sold below. In April 2024 in Ypsilanti, MI there were 13.5% more homes for sale than in March 2024. In April 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $275,000.

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

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