612 Pearl Street
Ypsilanti, MI 48197
Single Family Residence · MLS # 81026030502 · Listing courtesy of Beal Properties LLC
About this home
Can be bought as a single family house.This beautifully renovated 5-bedroom, 2.5-bath home is just three blocks from downtown Ypsilanti. Investment or house hack opportunity located right next to the Eastern Michigan University campus. This 1919 multi bedroom property features a highly flexible rental layout. It can be leased as a traditional whole house rental or operated under its proven co living structure featuring private bedrooms labeled Apts A through E with shared common spaces. The kitchen and bathrooms feature updated cabinets and appliances, adding a fresh, contemporary touch. Enjoy the convenience of complimentary laundry facilities in the basement and ample free parking. Tenants are responsible for all utilities. Location: Active rental corridor just blocks from campus buildings, local dining, downtown Ypsilanti shops,
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ypsilanti
Over the last 90 days, 215 homes sold in Ypsilanti for a median of $300,000, about $182 per square foot, and the typical one went under contract in 15 days. This home is listed at $355,300, or $194 per square foot, 7% above the city median, and has been on the market 77 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ypsilanti sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $9,653 a year. A buyer who lives here would pay about $8,102 to $11,357 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.29 mills for Ypsilanti City and Ypsilanti 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
Similar homes in Ypsilanti
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