Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$217
Per Month
Principal & Interest
$150
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$156
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Estabrook Elementary School
1555 W Cross St
Distance between this listing and this school1.27 miles
Public District Grades 2-6
4
/10
Erickson Elementary School
1427 Levona St
Distance between this listing and this school1.79 miles
Public District Grades 2-6
3
/10
Holmes Elementary School
1255 Holmes Rd
Distance between this listing and this school2.47 miles
Public District Grades KG-6
Nearby Schools
6
/10
Washtenaw International Middle Academy
510 Emerick St
Distance between this listing and this school1.24 miles
Public District Grades 5-8
5
/10
Fortis Academy
3875 Golfside Dr
Distance between this listing and this school1.93 miles
Public Charter Grades PK-8
4
/10
East Arbor Charter Academy
6885 Merritt Rd
Distance between this listing and this school2.95 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Early College Alliance
220 King Hall
Distance between this listing and this school1.21 miles
Public District Grades 9-12
6
/10
Washtenaw International High School
510 Emerick St
Distance between this listing and this school1.24 miles
Public District Grades 9-12
5
/10
Stemm Academy
1885 Packard Rd
Distance between this listing and this school1.45 miles
The neighbors living near this home have an average income of $17,958. The majority of Ypsilanti, MI residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 893 Madison St
What is the listing price of this property?
The listing price of 893 Madison St property is $30,000.
What type of property is this?
The property 893 Madison St is land located in Ypsilanti, Michigan, 48197.
Is this property for sale now?
Active Listing: 893 Madison 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 $744 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 893 Madison St in Ypsilanti, MI and zip code 48197. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $30,000.
Ypsilanti, MI housing market in March 2024 saw over 25 listings sold above listed price, more than 12 sold at listed price and over 18 sold below. The number of listings in Ypsilanti, MI increased by 8.9% between February 2024 and March 2024. The median list price of listings available in March 2024 was $273,365, while the average time on the real estate market was 25 days.
From Rocket Homes Real Estate and based on county public records data.