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41 Richton St, Highland Park, MI, 48203

5beds
2baths
1,871sqft
$180,000
$96price/sqft
$2,001/moest. monthly cost
$80,040/yrincome needed

About This Home

Fully renovated, turnkey, and packed with opportunity, this impressive 5-bedroom, 2-bath Colonial is ready to deliver. Every major cosmetic update has already been completed, including luxury vinyl flooring, new carpet, fresh paint, updated kitchen cabinetry and countertops, beautifully renovated bathrooms, recessed lighting, and more. The spacious floor plan offers oversized bedrooms, comfortable living areas, and an expansive basement with endless storage or future finishing potential. Relax on the covered front porch, enjoy the fenced backyard, and benefit from quick access to Woodward Avenue, Downtown Detroit, New Center, and major expressways. Whether you're looking for a primary residence or a high-performing rental, this property gives you options. It can be delivered vacant for an owner-occupant or with a Section 8 tenant already in place paying $1,800 per month, providing immediate rental income at closing. A true turnkey property with strong income potential and long-term upside. BATVAI

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

2/10
Barber Elementary SchoolGrades PK-80.5 mi

Construction

Condition

  • Year built: 1906

Materials

  • Foundation: Basement,Brick Mortar
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom

  • Level: Second
  • Area: 156
  • Dimensions: 12 X 13

Bedroom

  • Level: Second
  • Area: 168
  • Dimensions: 12 X 14

Bedroom

  • Level: Second
  • Area: 156
  • Dimensions: 12 X 13

Bedroom

  • Level: Second
  • Area: 182
  • Dimensions: 13 X 14

Bedroom

  • Level: Second
  • Area: 196
  • Dimensions: 14 X 14

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 1,871

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,871 sqft

Other

  • Level: Second

Other

  • Level: Second

Property

Details

  • Parcel number: 43017010139000
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevelwSteps
  • Pool features: None
  • Patio & porch: Covered,Patio
  • Fencing: Back Yard,Fenced,Fencing Allowed

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 35 x 125

Parking

  • Parking features: No Garage

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
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters in Wayne 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 $910$10,920
Home Insurance *$667$8,004
Property Taxes $220$2,640
Electricity $204$2,448
Total$2,001$24,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$68,605/yr
40% on housing$60,030/yr
45% on housing$53,360/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: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$96This listing

vs Other Active Listings

Avg $/sqft

ZIP 48203$50
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48203$62
Wayne County$129

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
2026-08-03Price change$1,700
2026-07-16Listed for sale$180,000
2026-06-03Listed for rent$1,800
2025-01-11Listing removed$1,800
2024-12-05Listed for rent$1,800
2023-11-01Sold$25,000
2023-09-12Pending sale$35,000
2023-07-17Price change$35,000
2023-06-22Price change$18,000
2023-05-22Listed for sale$20,000
2018-12-15Sold$7,500
2018-07-09Price change$25,000
2018-06-18Listed for sale$35,000

For Sale by Agent

AgentJay Naim
BrokerageEXP Realty Main

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