10 days on rocket

70550 Main St, Richmond, MI, 48062

$225,000

Home List Price

$2,672*

Closing Credit

0 Baths
Multi

Location

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70550 Main St, Richmond$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Gravel
Year Built1900
HeatingBaseboard, Electric, Wall Furnace
CoolingWindow Unit(s)
MLS #81024063792
Lot Size0.21 Acres
StatusActive

About 70550 Main St

Exciting Investment Opportunity! This unique property features four units, including a spacious main floor unit, two upper units, and a unit above the two-car garage. With ample parking space and located right on Main Street, this property is in a prime rental area close to downtown and shopping. Don't miss out on this fantastic opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Vantage Realty Group, LLC
  • Office Phone: (734) 287-6619
  • Listing Agent: Bradley Thomson

Exterior Features

Parking Information:

  • Parking: Garage, Gravel

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Wall Furnace
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Located on Main St between Pierce St and Pound Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
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Housing Market Comparison

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

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Richmond, MI

City

Med. Sold Price

$299.9K

Med. Price/SqFt

$179

Avg. Days On Market

34

# of Sold Homes

10

70550 Main St vs Richmond

10 DAYS ON ROCKET

-24 Days

$225,000

-$74.9K Less

KEY TAKEAWAY

This property is $74.9K less than the Median Sold Price in Richmond, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024063792

Listing Office:

  • Office Name: Vantage Realty Group, LLC
  • Office Phone: (734) 287-6619
  • Listing Agent: Bradley Thomson

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 © 2025 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: 1/2/2025, 6:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-2645332
7
/10

  • Will L Lee School

  • 68399 S Forest Ave

  • 1.05 miles

  • Public District Grades PK-3

school-card-donut-2645333
7
/10

  • Memphis Elementary School

  • 34165 Bordman Rd

  • 5.37 miles

  • Public District Grades PK-5

school-card-donut-2645334
7
/10

  • Orville C Krause Elementary School

  • 23900 Armada Center Rd

  • 6.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,278. Typical income of Richmond, MI residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Macomb County›Richmond›48062›70550 Main St

This home is located at 70550 Main St in Richmond, MI and zip code 48062. This home, which was built in 1900, sits on a 0.21 acre lot. It has been listed on Rocket Homes since December 23, 2024 and is currently priced at $225,000.

In December 2024 more than 5 listings in Richmond, MI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 2 were sold below. In December 2024 in Richmond, MI there were 13.6% less homes for sale than in November 2024. Listings spent 34 days on the market in December 2024, and had a median list price of $299,900 during the same period.

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

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