71 Pilgrim Street

About this home

Investment opportunity in Highland Park! This spacious 3-bedroom, 2.5-bath home offers approximately 2,500 square feet of living space plus a detached garage and plenty of potential for an investor or contractor. The property needs renovation and is being offered as a project for someone looking to add value through improvements and modernization. Bring your contractor and explore the possibilities. Owner will consider a land contract at $50,000 with $20,000 down, with remaining terms to be agreed upon by the parties. Great opportunity to renovate, hold as a rental, or resell. Property is being sold as-is.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Highland Park

Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $40,000, or $16 per square foot, 65% below the city median, and has been on the market 5 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,729 a year. A buyer who lives here would pay about $3,378 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.22 mills for Highland Park City and Highland Park 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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