15 days on rocket

18225 Racho Rd, Brownstown, MI, 48192

$800,000

Home List Price

$9,500*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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18225 Racho Rd, Brownstown Charter Township$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1976
HeatingForced Air, Electric, Natural Gas
CoolingCentral Air
MLS #24024428
Lot Size0.74 Acres
StatusActive

About 18225 Racho Rd

Great investment opportunity to buy a FULLY OCCUPIED 8 unit apartment building! 6 two bedroom, 2 one bedroom units. Total rents currently $7272.00 monthly with plenty of room for increase. New roof in 2017, Furnace and AC in 2016, Vinyl windows, Coin operated washer and dryer included for extra added income. Great management company already in place. Must provide proof of funds to kirsten@reservemgmtco.com to request a showing with listing agent. Showing OF 1 OCCUPIED unit scheduled for SATURDAY MAY 18th 2-3 pm BY APPOINTMENT ONLY, WITH LISTING AGENT BATVAI

Property Details

Property Features

Property Information:

  • Year Built: 1976

Listing Office:

  • Office Name: Reserve Management Company
  • Office Phone: (248) 712-2006
  • Listing Agent: Kirsten Smitham

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Paved

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 0.74 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Electric, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Woodhaven High School, Public District Grades 10-12
  • Brownstown Middle School, Public District Grades 6-7
  • Gudith Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: North of Sibley, On Racho Rd, South of Pennsylvania Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000

Tax Information:

  • Annual Amount: $13,346
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Brownstown Charter Township, MI.

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Brownstown Charter Township, MI

City

Med. Sold Price

$295K

Med. Price/SqFt

$170

Avg. Days On Market

24

# of Sold Homes

23

18225 Racho Rd vs Brownstown Charter Township

15 DAYS ON ROCKET

-9 Days

$800,000

+$505K More

KEY TAKEAWAY

This property is $505K more than the Median Sold Price in Brownstown Charter Township, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24024428

Listing Office:

  • Office Name: Reserve Management Company
  • Office Phone: (248) 712-2006
  • Listing Agent: Kirsten Smitham

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 12:50:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 17, 2020Home Sold
$560,000
May 07, 2018Home Sold
$450,000
Jan 28, 2005Home Sold
$430,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,346$264,000
2020$5,285$216,100
2018$5,285$201,300
2017$5,178$189,000

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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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.

Elementary School

school-card-donut-6009687
4
/10

  • Gudith Elementary School

  • 22700 Sibley Rd

  • 0.43 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6009688
4
/10

  • Brownstown Middle School

  • 20135 Inkster Rd

  • 3.01 miles

  • Public District Grades 6-7

High School

school-card-donut-6009689
7
/10

  • Woodhaven High School

  • 24787 Van Horn Rd

  • 3.82 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,478. Typical income of Brownstown Charter Township, MI residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Brownstown Charter Township›48192›18225 Racho Rd

This home is located at 18225 Racho Rd in Brownstown, MI and zip code 48192. This home, which was built in 1976, sits on a 0.74 acre lot. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $800,000.

While more than 9 listings in Brownstown Charter Township, MI in April 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 11 were sold below. The number of listings in Brownstown Charter Township, MI increased by 11.5% between March 2024 and April 2024. The median list price of listings available in April 2024 was $295,000, while the average time on the real estate market was 24 days.

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

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