514 Caroline Street

About this home

CHARM, CHARACTER & POSSIBILITY IN THE HEART OF THE VILLAGE OF MILFORD! Some homes just have a feeling about them, and this is one of them. Set on a corner lot in the desirable Village of Milford, this home offers the character and nostalgia that are hard to find today. Start your mornings on the welcoming front porch with a cup of coffee and a peaceful view of the woods across Caroline Street. Out back, the brick-paver patio is ready for gatherings with friends or quiet evenings at home. This home does need TLC. But it will be YOUR TLC!! The home has plenty of room for the next owner to add fresh ideas and personal touches. A 1/2 bath or full bath could be put in the Laundry/Mud room because it is VERY LARGE! Could be move-in ready, and changes you wish to make could be done while living there. This is a home that can be brought back to the life it had!! The current owner has cared for the items that matter most, including a roof approximately done 2013 and mechanical systems updated in 2017. Located approximately 1.2 miles from Downtown Milford, you’ll be close to local shops, restaurants, community events, parks, and the river. This is a home with a story, and it’s ready for someone to write its next chapter. Come see the charm, imagine the possibilities, and make it your HOME! If we all work together, you could be in by the holidays!!!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Milford

Over the last 90 days, 84 homes sold in Milford for a median of $512,025, about $225 per square foot, and the typical one went under contract in 21 days. This home is listed at $325,000, or $213 per square foot, 5% below the city median, and has been on the market 14 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Milford sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $5,097 a year. A buyer who lives here would pay about $3,611 to $6,837 a year once the taxable value resets after the sale, at the 2025 homestead rate of 41.66 mills for Village Of Milford and Huron Valley 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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