A rare find side by side Ranch style duplex in desirable Madison Heights! The 3 bedroom unit is occupied with a long term tenant and the 2 bedroom is vacant for new owner to fill or occupy. When leased both units have income of 2595.00 per month! 1st unit is an updated 3 bedroom ranch with all appliances including washer dryer in the storage area. Open floor plan with vinyl laminate flooring. Other unit is a 2 bedroom with appliances and washer dryer included also very open floor plan. Each rear yard is separated for privacy. Tenants cover all utilities. Brand new roof installed 9/2024!
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1954
Stories: 1
Living Area: 1,576 SqFt
Listing Office:
Office Name: Millennium Realty, LLC
Office Phone: (248) 394-0464
Listing Agent: Amie Leszczynski
Interior Features
Interior Information:
Basement: No
Interior: Laundry Facility
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 5
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: N Chrysler Dr to 696 service dr to John R to Lincoln
Price Information
Listing Price Info
Price Summary:
List Price: $299,900
Price Per SqFt: $190/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Madison Heights, MI.
This property is $78.9K more than the Median Sold Price and $9/SqFt less than other homes in Madison Heights, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240053532
Listing Office:
Office Name: Millennium Realty, LLC
Office Phone: (248) 394-0464
Listing Agent: Amie Leszczynski
Disclaimer: 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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,564
Per Month
Principal & Interest
$1,497
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
$966
Powered By
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
6
/10
Oakland Elementary School
2415 Brockton Ave
Distance between this listing and this school0.74 miles
Public District Grades KG-5
2
/10
Madison Elementary School
27107 Hales St
Distance between this listing and this school0.75 miles
Public District Grades KG-5
2
/10
Hoover Elementary School
23720 Hoover Ave
Distance between this listing and this school1.24 miles
Public District Grades PK-5
Nearby Schools
2
/10
Wilkinson Middle School
26524 John R Rd
Distance between this listing and this school0.30 miles
Public District Grades 6-8
5
/10
Four Corners Montessori Academy
1075 E Gardenia Ave
Distance between this listing and this school1.07 miles
Public Charter Grades PK-8
1
/10
Hazel Park Junior High School
22770 Highland Ave
Distance between this listing and this school1.67 miles
Public District Grades 6-8
Nearby Schools
3
/10
Madison High School
915 E 11 Mile Rd
Distance between this listing and this school0.59 miles
Public District Grades 9-12
1
/10
Keys Grace Academy
27321 Hampden St
Distance between this listing and this school0.92 miles
Public Charter Grades KG-12
1
/10
Invest Roosevelt Alternative High School
24131 S Chrysler Dr
Distance between this listing and this school1.04 miles
The neighbors living near this home have an average income of $47,527. The most common annual income of people living in Madison Heights, MI is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 317 E Lincoln Ave in Madison Heights, MI and zip code 48071. This 1,576 square foot home, which was built in 1954, sits on a 0.19 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $299,900.
Madison Heights, MI housing market in October 2024 saw over 12 listings sold above listed price, more than 3 sold at listed price and over 11 sold below. In October 2024 in Madison Heights, MI there were 28.6% more homes for sale than in September 2024. In October 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $221,000.
From Rocket Homes Real Estate and based on county public records data.