7187 SILVER LAKE Road
Linden, MI 48451
Multi Family · MLS # 20261082506 · Listing courtesy of RE/MAX Platinum-Fenton
About this home
Calling all investors to Stonewood apartments located in Linden, MI. This multi family unit has 4-1 bedroom units. Each unit has a fully equipped kitchen and full bathroom. Basement has a common area with washer and dryer. One unit has its own washer and dryer. All 4 units are currently rented. This iconic building is over 2 acres and located next to Linden school. Common area located outside includes a balcony and deck. Ample parking for tenants and guests. Close to US 23, Fenton, restaurants and shopping. Exterior and all decking was recently painted.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Linden
Over the last 90 days, 76 homes sold in Linden for a median of $380,900, about $184 per square foot, and the typical one went under contract in 12 days. This home is listed at $449,000, or $153 per square foot, 17% below the city median, and has been on the market 24 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Linden sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $6,253 a year. A buyer who lives here would pay about $3,722 to $7,075 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.20 mills for Argentine Twp and Linden 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 Linden
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