4932 Reuter Street

About this home

Welcome to 4932 Reuter St, Dearborn! This spacious 2-family home offers a great opportunity for an owner-occupant or investor in a convenient Dearborn location near Michigan Avenue. Both units feature a similar and functional layout, with 3 bedrooms, a living room, dining room, kitchen, and full bathroom in each unit, providing generous living space and flexibility. The property has received many updates and also includes a one-car garage. Conveniently located near a wide variety of restaurants, shopping, schools, parks, and everyday amenities, with easy access to major freeways and surrounding communities. A great opportunity to own a well-located multi-family property in Dearborn. Schedule your showing today!

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 $106 per square foot, 32% below 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 Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $3,479 a year. A buyer who lives here would pay about $3,093 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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