415 W Forest Avenue
Ypsilanti, MI 48197
Single Family Residence · MLS # 20261045087 · Listing courtesy of Moving The Mitten RE Group Inc
About this home
Rare opportunity to own a piece of history in the heart of Eastern Michigan University's campus! This 3078 Sq Ft home, currently operating as a Sorority House, boasts 9 bedrooms and 3 bathrooms, charm and character throughout the architecture of the main level, basement and parking lot. Nestled on a corner lot, this 1885 Built Victorian Home is licenced to hold up to 17 occupants and has an up-to-date rental certificate from the City of Ypsilanti. Currently used as a Sorority House with 9 bedrooms but future potential is unlimited: office, Short-term lodging, programing facility, fraternity, sorority, boarding house, student cooperative or single family home. Main floor offers a Corian kitchen with built-ins, a formal dining room, and a spacious living room. Covered wrap around front porch and new composite deck and stairway along with a parking lot that offers ample off-street parking for occupants. Remodel and addition in 1983. Easy access to I-94 and US-23.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ypsilanti
Over the last 90 days, 215 homes sold in Ypsilanti for a median of $300,000, about $182 per square foot, and the typical one went under contract in 15 days. This home is listed at $650,000, or $197 per square foot, 8% above the city median, and has been on the market 138 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ypsilanti sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $8,073 a year. A buyer who lives here would pay about $6,455 to $20,777 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.29 mills for Ypsilanti City and Ypsilanti 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 Ypsilanti
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