4936 Palmer Street

About this home

Located in a beautiful, highly desirable Dearborn neighborhood, this property provides an exceptional location close to popular schools, shopping, and everyday conveniences. Set within a welcoming community, the home presents an opportunity for buyers or investors to add value in an area with lasting appeal. The property will need TLC, repairs, and renovations. With improvements and a vision, this home has the potential to shine in a location that is hard to beat. PS- There is currently a tenant living in the property who is aware of the imminent sale.

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 $120,000, or $137 per square foot, 12% below the city median, and has been on the market 1 day. 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 $2,229 a year. A buyer who lives here would pay about $2,168 to $3,083 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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