905 Sprague Avenue
Madison Heights, MI 48071
Single Family Residence · MLS # 20261056054 · Listing courtesy of RE/MAX, The Collective Agency
About this home
Land Contract Only! Completely renovated 2-bedroom, 1-bath home featuring extensive updates throughout. Enjoy peace of mind with a brand-new roof, new furnace and A/C, tankless on-demand water heater, new electrical service panel and updated electrical, all-new above-ground plumbing with copper water lines, PVC Schedule 40 drain lines, and underground drains replaced to the exterior cleanout. The home also features a beautifully updated kitchen and bathroom, new flooring throughout, new trim and paint, new interior doors, new windows, new toilet, new garbage disposal, and an integrated smoke alarm system. Additional improvements include new porch lighting and exterior electrical outlets, a new dining room ceiling fan, and countless other updates that make this home truly move-in ready. A rare opportunity to own a fully renovated home with flexible Land Contract financing available.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Madison Heights
Over the last 90 days, 91 homes sold in Madison Heights for a median of $230,000, about $158 per square foot, and the typical one went under contract in 14 days. This home is listed at $195,000, or $244 per square foot, 54% above the city median, and has been on the market 71 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Madison Heights sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,932 a year. A buyer who lives here would pay about $1,414 to $4,559 a year once the taxable value resets after the sale, at the 2025 homestead rate of 46.30 mills for Madison Heights City and Royal Oak 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 Madison Heights
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