4420 Lapham Street

About this home

Charming bungalow with plenty of character and flexibility! This single-family home features beautiful hardwood floors throughout most of the home, a cozy gas fireplace in the living room, a spacious detached 2-car garage, and a roof that is only 10 years old. AC unit just 2 years young, major updates are already taken care of. But here's what really sets this property apart: the layout opens the door to exciting possibilities. Whether you're dreaming of extra living space for extended family or exploring income-producing potential through a multi-family conversion subject to local zoning and approval requirements. Whether you’re looking for a comfortable place to call home or a property with added potential, this bungalow is definitely worth a look.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Dearborn

Over the last 90 days, 230 homes sold in Dearborn for a median of $272,500, about $156 per square foot, and the typical one went under contract in 9 days. This home is listed at $299,900, or $187 per square foot, 20% above the city median, and has been on the market 53 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $3,216 a year. A buyer who lives here would pay about $3,303 to $7,704 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.87 mills for Dearborn City and Dearborn 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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