20924 Ridgemont Road
Harper Woods, MI 48225
Single Family Residence · MLS # 20261007241 · Listing courtesy of Keller Williams Somerset
About this home
Cash flowing investment property with a current rent of $1,500 /month. Professionally managed rental. Cash tenant. Photos are from before move-in. No showings allowed without an accepted offer first. Do not approach the property or request a showing.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Harper Woods
Over the last 90 days, 52 homes sold in Harper Woods for a median of $169,000, about $114 per square foot, and the typical one went under contract in 21 days. This home is listed at $145,000, or $153 per square foot, 34% above the city median, and has been on the market 184 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Harper Woods sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $4,591 a year. A buyer who lives here would pay about $5,092 to $6,343 a year once the taxable value resets after the sale, at the 2025 homestead rate of 86.63 mills for Harper Woods City and Grosse Pointe 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
Similar homes in Harper Woods
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