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8499 Chapp Ave, Warren, MI, 48089

2beds
1baths
600sqft
$88,000
$147price/sqft
$808/moest. monthly cost
$32,320/yrincome needed

About This Home

This 2BR ranch is a turnkey investment opportunity with reliable rental income already in place. Currently leased at $1,250 per month, this property has been fully updated in recent years, making it an attractive, low-maintenance addition to any portfolio. Inside, you’ll find durable luxury vinyl plank flooring throughout the main living areas, complemented by a beautifully updated kitchen featuring granite countertops and stylish tiled flooring. The bathroom has also been upgraded with tiled floors and a fully tiled tub surround, offering a clean, modern feel. Additional highlights include a one-and-a-half car garage for added storage and convenience, as well as rental certification from the city, providing peace of mind for investors. To respect tenant privacy, no showings will be allowed without an accepted offer.

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

4/10
Lincoln Middle SchoolGrades 6-80.7 mi
3/10
Lincoln High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1946

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 600

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 600 sqft

Kitchen

  • Level: Entry
  • Area: 120
  • Dimensions: 10 X 12

Laundry

  • Level: Entry
  • Area: 48
  • Dimensions: 6 X 8

Living Room

  • Level: Entry
  • Area: 140
  • Dimensions: 10 X 14

Other

  • Level: Entry
  • Area: 48
  • Dimensions: 6 X 8

Primary Bedroom

  • Level: Entry
  • Area: 110
  • Dimensions: 10 X 11

Property

Details

  • Parcel number: 1327326028
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 38 x 120

Parking

  • Total spaces: 1
  • Parking features: One Car Garage,Detached
  • Has garage: Yes
  • Attached garage spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Tsunami

FEMA Declared Disasters in Macomb County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $444$5,328
Home Insurance *$86$1,032
Property Taxes $90$1,080
Electricity $188$2,259
Total$808$9,696
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$27,702/yr
40% on housing$24,240/yr
45% on housing$21,546/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.9%
11.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.3%
0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$147This listing

vs Other Active Listings

Avg $/sqft

ZIP 48089$74
Macomb County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 48089$116
Macomb County$162

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Listed for sale$108,000
2024-03-12Listing removed--
2024-02-05Price change$1,200
2023-11-01Listed for rent$1,275
2023-09-12Sold$98,000
2023-07-22Pending sale$98,000
2023-07-17Price change$98,000
2023-06-22Price change$99,000
2023-06-13Price change$109,000
2023-06-06Listed for sale$110,000
2023-01-06Sold$22,000
2021-03-01Sold$37,500
2021-02-20Pending sale$36,000
2021-02-19Contingent$36,000
2021-02-17Listed for sale$36,000
2020-01-10Sold$25,000
2019-10-11Pending sale$34,900
2019-09-03Listed for sale$34,900
2019-04-25Listing removed$750
2019-04-22Price change$750
2018-11-28Price change$825
2018-11-14Listed for rent$925
2017-11-08Listing removed$675
2017-08-16Price change$675
2017-06-27Price change$700
2017-05-04Price change$750
2017-04-03Listed for rent$775
2014-12-06Sold$26,000
2010-04-21Sold$7,000
2009-12-02Sold$42,448

For Sale by Agent

AgentJoseph Hammel
BrokerageKeller Williams Somerset

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