22 days on rocket

5550 Main St, Dryden, MI, 48428

$350,000

Home List Price

$4,156*

Closing Credit

4 Full Baths
3,251 SqFt
$108/SqFt
Multi

Location

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5550 Main St, Dryden$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingUnassigned/General
Year Built1850
HeatingNatural Gas, Forced Air
CoolingSeparate Meter, Window Unit(s)
BasementYes
MLS #20240080658
Lot Size0.22 Acres
StatusActive

About 5550 Main St

Welcome to 5550 Main Street, one of Dryden's longest standing and tallest structures. Built in 1850 for the Lamb family, one of the founding families of Dryden, and its first village supervisor. This impressive property has a large custom designed heavily detailed first and second floor foyer with 11 foot ceilings in the entrance showcasing the ornate woodwork. With very little to no inventory for rentals, the demand continues to remain strong. This property has been easily rented. Units #2 and #4 are one bedroom units, unit #3 is a two bedroom unit, and unit #1 is currently being used as a two bedroom unit. There have been many updates made over the years, the newest include a new roof (December 2023), 2 refrigerators (2023), 2 hot water heaters (2022 & 2023), front porch work (2023), new doors (apartments 3 & 4 2023), new heater (apartment 4 2023) and cement work on side and rear porches (2022). Seller is currently having the exterior painted. Apartment 1 has new flooring, doors, window, and has been freshly painted. Apartment 3 has been completely updated. Rents are as follows: Apartment 1: $850.00 Apartment 2: $700.00 Apartment 3: $795.00 Apartment 4: $750.00. All tenants are on a month to month lease. Please note SATURDAY SHOWINGS ONLY.

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex, Upper/Lower Apartment, Victorian
  • Year Built: 1850
  • Stories: 2
  • Living Area: 3,251 SqFt

Listing Office:

  • Office Name: Solutions Realty Group LLC
  • Office Phone: (810) 302-7001
  • Listing Agent: Heidi A McLellan

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting, Private Entry

Parking Information:

  • Parking: Unassigned/General

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Separate Meter, Window Unit(s)

Other

Directions Information:

  • Directions: Rochester Road to Dryden Road east to address, south side of Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $108/SqFt

Tax Information:

  • Annual Amount: $3,419
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Dryden, MI.

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Dryden, MI

City

Med. Sold Price

$376.5K

Med. Price/SqFt

$188

Avg. Days On Market

24

# of Sold Homes

5

5550 Main St vs Dryden

22 DAYS ON ROCKET

-2 Days

$350,000

-$26.5K Less

$108/SqFt

-$80 Less

KEY TAKEAWAY

This property is $26.5K less than the Median Sold Price and $80/SqFt less than other homes in Dryden, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240080658

Listing Office:

  • Office Name: Solutions Realty Group LLC
  • Office Phone: (810) 302-7001
  • Listing Agent: Heidi A McLellan

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: 11/16/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 20, 2015Home Sold
$125,692
Feb 19, 2015Home Sold
$101,112

Tax History

YEARPROP. TAXASSESSMENT
2021$3,419$118,300
2020$5,108$108,500
2019$5,294$111,900
2018$5,294$80,280

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-63811
4
/10

  • Dryden Elementary School

  • 3835 N Mill Rd

  • 0.22 miles

  • Public District Grades PK-6

school-card-donut-63812
7
/10

  • Orchard Primary School

  • 4664 Kidder Rd

  • 4.55 miles

  • Public District Grades PK-4

school-card-donut-63813
4
/10

  • Borland Elementary School

  • 500 W Borland Rd

  • 5.13 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,090. The most common annual income of people living in Dryden, MI is between $35k-100k. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Lapeer County›Dryden›48428›5550 Main St

This home is located at 5550 Main St in Dryden, MI and zip code 48428. This 3,251 square foot home, which was built in 1850, sits on a 0.22 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $350,000.

While more than 0 listings in Dryden, MI in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below. The number of homes for sale in Dryden, MI increased by 31.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 24 days, the median list price was $376,500.

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

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