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529 W Margaret St, Highland Park, MI, 48203

4beds
2baths
878sqft
$45,000
$51price/sqft
$636/moest. monthly cost
$25,440/yrincome needed

About This Home

Great opportunity for first time owner or someone that s looking to invest This home is currently rented for a $1000 a month It has 4 bedroom a basement a garage and fenced all the way around The current tenant has a month to month lease and and in the lease agreement new owner can give them a month of notice to have them out or can continue to rent it for a $1000 Tenant s pay all bills and take care of the house in and out, grass, snow ect Don t miss out on a great opportunity

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

2/10
Pershing High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 878
  • Total interior livable area: 878 sqft

Property

Details

  • Parcel number: 01005801
  • Special condition: Auction

Features

  • Stories: 2

Lot

  • Lot size: 3,006 Acres

Parking

  • Total spaces: 2

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 $227$2,724
Home Insurance *$166$1,992
Property Taxes $55$660
Electricity $188$2,259
Total$636$7,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$21,805/yr
40% on housing$19,080/yr
45% on housing$16,960/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

$51This listing

vs Other Active Listings

Avg $/sqft

ZIP 48203$51
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

No price history available

Unknown Listed By

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