2 months on rocket

418 Olive St, Ypsilanti, MI, 48197

$249,900

Home List Price

$2,968*

Closing Credit

0 Baths
Multi

Location

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418 Olive St, Ypsilanti$249,900

Buyer Closing Credits

$2,968*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Gravel
Year Built1901
HeatingForced Air
BasementYes
MLS #24046444
Lot Size0.07 Acres
StatusActive

About 418 Olive St

Great duplex in Ypsilanti fully rented. One-2 bedroom unit and one-3 bedroom unit.2 bedroom unit has laundry and access to basement. Off street parking. Newer windows and newer roof. Landlord pays utilities.. Fully leased until August 2025. Unit 1 rent is $1,400/mo. & Unit 2 rent is $1,100/mon. Conveniently located within walking distance to EMU and near Depot Town.

Property Details

Property Features

Property Information:

  • Year Built: 1901

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Richard Jarzembowski

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Gravel

Lot Features

Lot Information:

  • Lot: Level, Sidewalk
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Washtenaw to Emmet to north on Ballard to Olive

Price Information

Listing Price Info

Price Summary:

  • List Price: $249,900

Tax Information:

  • Annual Amount: $3,994
  • 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

$280.1K

Med. Price/SqFt

$182

Avg. Days On Market

22

# of Sold Homes

62

418 Olive St vs Ypsilanti

74 DAYS ON ROCKET

+52 Days

$249,900

-$30.2K Less

KEY TAKEAWAY

This property is $30.2K less than the Median Sold Price in Ypsilanti, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24046444

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Richard Jarzembowski

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: 11/17/2024, 4:20:54 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

May 03, 2005Home Sold
$150,000
Nov 16, 1995Home Sold
$71,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,994$74,300
2020 - $69,200
2019 - $62,100
2018$3,587$57,500
2017$3,514$55,200

History based on county public records data.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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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-478458
3
/10

  • Ypsilanti International Elementary School

  • 503 Oak St

  • 0.86 miles

  • Public Magnet Grades PK-5

school-card-donut-478459
1
/10

  • Estabrook Elementary School

  • 1555 W Cross St

  • 1.07 miles

  • Public District Grades 2-5

school-card-donut-478460
1
/10

  • Holmes Elementary School

  • 1255 Holmes Rd

  • 1.67 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Washtenaw County›Ypsilanti›48197›418 Olive St

This home is located at 418 Olive St in Ypsilanti, MI and zip code 48197. This home, which was built in 1901, sits on a 0.07 acre lot. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $249,900.

While more than 23 listings in Ypsilanti, MI in October 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 27 were sold below. Between September 2024 and October 2024, Ypsilanti, MI real estate market has seen increase in the number of listings by 14%. The median list price of listings available in October 2024 was $280,194, while the average time on the real estate market was 22 days.

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

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