2040 Reo Avenue

About this home

Affordable Ranch with Great Potential! Open-concept living, dining, and kitchen. Spacious primary suite with private bath and Jacuzzi tub. Generous bedroom sizes, first-floor laundry, and 2-car garage. Fenced backyard--perfect for low-maintenance living. Great opportunity for homeowners or investors!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Lincoln Park

Over the last 90 days, 104 homes sold in Lincoln Park for a median of $165,000, about $114 per square foot, and the typical one went under contract in 11 days. This home is listed at $164,900, or $142 per square foot, 25% above the city median, and has been on the market 34 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Lincoln Park sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $3,705 a year. A buyer who lives here would pay about $3,322 to $4,394 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.76 mills for Lincoln Park City and Lincoln Park schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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