48280 ELMWOOD Drive
Shelby Twp, MI 48315
Single Family Residence · MLS # 20261039554 · Listing courtesy of ERA Prime Real Estate Group
About this home
Great Ranch Home with large windows, deck, finished basement with wet bar, 2 way fireplace in the great room, quarts kitchen and master bath
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Shelby Twp
Over the last 90 days, 151 homes sold in Shelby Twp for a median of $399,500, about $158 per square foot, and the typical one went under contract in 9 days. This home is listed at $515,000, or $131 per square foot, 17% below the city median, and has been on the market 166 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Shelby Twp sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $5,239 a year. A buyer who lives here would pay about $4,146 to $7,983 a year once the taxable value resets after the sale, at the 2025 homestead rate of 30.70 mills for Shelby Twp and Utica 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 and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Shelby Twp
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