Unleash your creativity with this charming gem! This cozy yet sturdy home packs a punch, sitting on a sprawling one-acre lot surrounded by serene nature. Nestled in a highly sought-after area just steps from Mirage Lake, this property offers endless possibilities.Whether you're looking to make this house your haven or envision building your dream home, the choice is yours! Plus, the massive outbuilding/garage, complete with electricity, concrete floors, & oversized garage doors, is perfect for storing your toys or creating the ultimate workshop. Thinking of pets? You will love the chicken coop w/ lean-to!Inside, you'll find two bedrooms and a versatile non-conforming third bedroom--just add a closet to make it official.Don't wait!-your dream property is calling. Come on BUY!
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1948
Stories: 1
Living Area: 928 SqFt
Listing Office:
Office Name: eXp Realty, LLC
Office Phone: (888) 501-7085
Listing Agent: Jacqueline Morris
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Garage Space: 6 spaces
Parking: Detached
Lot Features
Lot Information:
Lot: Level
Lot Size: 1.00 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: Stony Creek Road to Wright Rd (just south of Willis Road)
Price Information
Listing Price Info
Price Summary:
List Price: $249,999
Price Per SqFt: $269/SqFt
Tax Information:
Annual Amount: $1,412
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 Milan, MI.
This property is $35K less than the Median Sold Price and $106/SqFt more than other homes in Milan, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Metropolitan Association of REALTORS
MLS Number: #81024061925
Listing Office:
Office Name: eXp Realty, LLC
Office Phone: (888) 501-7085
Listing Agent: Jacqueline Morris
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Childs Elementary School
7300 Bemis Rd
Distance between this listing and this school2.62 miles
Public Magnet Grades KG-5
2
/10
Bishop Elementary School
8888 Whittaker Rd
Distance between this listing and this school2.81 miles
Public Magnet Grades KG-5
3
/10
Brick Elementary School
8970 Whittaker Rd
Distance between this listing and this school2.85 miles
Public Magnet Grades KG-5
Nearby Schools
10
/10
South Arbor Charter Academy
8200 Carpenter Rd
Distance between this listing and this school1.84 miles
Public Charter Grades KG-8
2
/10
Lincoln Middle School
8744 Whittaker Rd
Distance between this listing and this school2.55 miles
Public Magnet Grades 6-8
6
/10
East Arbor Charter Academy
6885 Merritt Rd
Distance between this listing and this school3.19 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Lincoln High School
7425 Willis Rd
Distance between this listing and this school2.40 miles
Public District Grades 9-12
5
/10
Arbor Preparatory High School
6800 Hitchingham Rd
Distance between this listing and this school3.28 miles
Public Charter Grades 9-12
2
/10
Ann Arbor Learning Community
4377 Textile Rd
Distance between this listing and this school3.69 miles
The neighbors living near this home have an average income of $77,546. Typical income of Milan, MI residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5088 Wright Rd
What is the listing price of this property?
The listing price of 5088 Wright Rd property is $249,999.
What type of property is this?
The property 5088 Wright Rd is a house located in Milan, Michigan, 48160.
Is this property for sale now?
Active Listing: 5088 Wright Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,412 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 5088 Wright Rd has 3 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 5088 Wright Rd is 928 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5088 Wright Rd is 1948.
This home is located at 5088 Wright Rd in Milan, MI and zip code 48160. This 928 square foot home, which was built in 1948, sits on a 1.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $249,999.
In November 2024, from all listings sold in Milan, MI there were more than 3 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Milan, MI between October 2024 and November 2024 increased by 14.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $285,000.
From Rocket Homes Real Estate and based on county public records data.