Amazing location on this 3 bedrooms bungalow (4th in basement). Second full bath in finished basement basement. Seller to provide CofO from city of Dearborn. List of updates: new basement 2016, new laminate flooring 2021, new HWT 2022, new roof 2023, new furnace and AC 2023, new engineered wood flooring 2023. Basement was water proofed. all measurements approximate, buyer and his agents to verify all measurements and info.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1926
Stories: 1
Living Area: 1,260 SqFt
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Wissam Mahfouz
Interior Features
Interior Information:
Appliances: Disposal, Gas Range, Refrigerator
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Fordson High School, Public District Grades 9-12
Woodworth Middle School, Public District Grades 6-8
Henry Ford Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: North of Michigan, East of Greenfield
Price Information
Listing Price Info
Price Summary:
List Price: $249,999
Price Per SqFt: $198/SqFt
Tax Information:
Annual Amount: $2,218
Tax Year: 2021
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 Dearborn, MI.
This property is $10K less than the Median Sold Price and $4/SqFt more than other homes in Dearborn, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240049003
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Wissam Mahfouz
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,315
Per Month
Principal & Interest
$1,248
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
$816
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.
Elementary School
4
/10
Henry Ford Elementary School
16140 Driscoll St
Distance between this listing and this school0.86 miles
Public District Grades PK-5
Middle School
2
/10
Woodworth Middle School
4951 Ternes St
Distance between this listing and this school0.03 miles
Public District Grades 6-8
High School
6
/10
Fordson High School
13800 Ford Rd
Distance between this listing and this school0.69 miles
Public District Grades 9-12
Assigned Schools
4
/10
Henry Ford Elementary School
16140 Driscoll St
Distance between this listing and this school0.86 miles
Public District Grades PK-5
Nearby Schools
4
/10
William Ford Elementary School
14749 Alber St
Distance between this listing and this school0.55 miles
Public District Grades PK-5
4
/10
Geer Park Elementary School
14767 Prospect St
Distance between this listing and this school0.59 miles
Public District Grades PK-5
Assigned Schools
2
/10
Woodworth Middle School
4951 Ternes St
Distance between this listing and this school0.03 miles
Public District Grades 6-8
Nearby Schools
5
/10
Lowrey Middle School
6601 Jonathon St
Distance between this listing and this school1.35 miles
Public District Grades 6-8
3
/10
Unis Middle School
7801 Maple St
Distance between this listing and this school1.92 miles
Public District Grades 6-8
Assigned Schools
6
/10
Fordson High School
13800 Ford Rd
Distance between this listing and this school0.69 miles
Public District Grades 9-12
Nearby Schools
2
/10
Advanced Technology Academy
4801 Oakman Blvd
Distance between this listing and this school0.97 miles
Public Charter Grades PK-12
3
/10
Riverside Academy - West Campus
6409 Schaefer Rd
Distance between this listing and this school1.08 miles
The neighbors living near this home have an average income of $35,968. Most Dearborn, MI residents have annual incomes less than $35k. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4962 Ternes St
What is the listing price of this property?
The listing price of 4962 Ternes St property is $249,999.
What type of property is this?
The property 4962 Ternes St is a house located in Dearborn, Michigan, 48126.
Is this property for sale now?
Active Listing: 4962 Ternes St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4962 Ternes St are: Henry Ford Elementary School: GreatSchools Rating 4/10Woodworth Middle School: GreatSchools Rating 2/10Fordson High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,218 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 26, 2012 for $36,100. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4962 Ternes St has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 4962 Ternes St is 1,260 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4962 Ternes St is 1926.
This home is located at 4962 Ternes St in Dearborn, MI and zip code 48126 in the Woodworth neighborhood. This 1,260 square foot home, which was built in 1926, sits on a 0.10 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $249,999.
In October 2024 more than 35 listings in Dearborn, MI were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 26 were sold below. The number of listings in Dearborn, MI increased by 6.8% between September 2024 and October 2024. Listings spent 17 days on the market in October 2024, and had a median list price of $260,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.