4 months on rocket

49 Farrand Park, Highland Park, MI, 48203

$175,000

Home List Price

$2,078*

Closing Credit

3 Full Baths
2,888 SqFt
$61/SqFt
Multi

Location

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49 Farrand Park, Highland Park$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1916
HeatingForced Air, Natural Gas
BasementYes
MLS #20240057439
Lot Size0.19 Acres
StatusActive

About 49 Farrand Park

Income producing rooming house one block off Woodward and only 10mins from downtown. This area is going through a $127million revitalization project. Property has landlord/owner’s living quarters with separate entrance and hot tub. Property currently has 10 rooms, including landlord’s suite. Six (7) rooms are occupied and generate $4500k per month in rental income. When fully occupied the property generates $5250k plus per month. House has 2 kitchens and 3 full bathrooms. IDRBNG BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1916
  • Living Area: 2,888 SqFt

Listing Office:

  • Office Name: Real Estate One-Royal Oak
  • Office Phone: (248) 548-9100
  • Listing Agent: Serina Sutherland

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Davison North Service Drive, Left on Woodward, Left on Farrand

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
  • Price Per SqFt: $61/SqFt

Tax Information:

  • Annual Amount: $1,477
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Highland Park, MI.

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Highland Park, MI

City

Med. Sold Price

$60K

Med. Price/SqFt

$46

Avg. Days On Market

108

# of Sold Homes

3

49 Farrand Park vs Highland Park

134 DAYS ON ROCKET

+26 Days

$175,000

+$115K More

$61/SqFt

+$14 More

KEY TAKEAWAY

This property is $115K more than the Median Sold Price and $14/SqFt more than other homes in Highland Park, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240057439

Listing Office:

  • Office Name: Real Estate One-Royal Oak
  • Office Phone: (248) 548-9100
  • Listing Agent: Serina Sutherland

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: 12/18/2024, 11:21:13 AM 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$1,477$27,500
2020$1,511$23,500
2018$1,511$15,000
2017$1,475$14,900

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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-4510982
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 0.73 miles

  • Public Charter Grades PK-4

school-card-donut-4510983
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.99 miles

  • Public Charter Grades KG-5

school-card-donut-4510984
2
/10

  • Dickinson West Elementary School

  • 2333 Burger St

  • 1.36 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 $28,302. The majority of Highland Park, MI residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Highland Park›48203›49 Farrand Park

This home is located at 49 Farrand Park in Highland Park, MI and zip code 48203. This 2,888 square foot home, which was built in 1916, sits on a 0.19 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $175,000.

In November 2024 more than 1 listings in Highland Park, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The inventory of homes for sale in Highland Park, MI between October 2024 and November 2024 increased by 12%. In November 2024, listings were on the market for 108 days. During the same period, the median list price in this real estate market was $60,000.

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

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