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Sold for $225,000
  • $225,000

    502 N River St, Ypsilanti, MI 48198

    3beds
    1,450sqft
    MultiFamily
    Built in 1940
    -- sqft lot
    $223,200 Zestimate®
    $155/sqft
    $1,530 Estimated rent

    Home value

    $223,200

    $201,000 - $248,000

    $1,530/mo

    Zestimate® history
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    What's special

    Historic district
    COMING SOON - Quaint cottage smack dab in the best location & happening place in Ypsilanti -- Depot Town i-- for sale as is. Feel like you're 'on the square' just the right distance away, yet in view of all of DT's happenings and a short walk for your family and friends to go to all of the great places around -- a block and a half to the local food co-op and bakery, go get your morning coffee at the Cultivate or Hyperion, later meet friends for a brew or burger at the Sidetrack Restaurant, Hyperion coffee shop, Riverside Park is @2 blocks away as is the Corner Brewery and entertainment all summer long with vintage car shows in the street or park, or an outdoor brew and music at Cultivate's outdoor beer garden. Perfect location to live in one unit and Airbnb out the other. Home has lots of windows, and light, quaint wood floors throughout kitchen, dining/living room, porch & view overlooks our 'happening' Depot Town and is clearly in a great neighborhood with young professionals, dog walking grad students, long time residents including retirees, families. Best neighborhood in Depot Town. Enjoy a large garden with old garden perennial plantings... chives, walking onions, several kinds of rhubarb, poppies, peonies, irises and other flowering perennials, 2 apple trees, 2 pear trees (comice & d'anjou), 5 paw paw saplings, one plum tree, 2 cherry trees, 1 magnolia, native hazelnut bushes, 3 kugelbeds -- ie a biodiverse Permaculture garden yard with room for a chicken coop, or a garage. A short walk thru Riverside Park and you're at the locally owned Ace Hardware, Riverside Arts Center where you can see a play or explore the art gallery, then down the street to Michigan ave and lots of little shops and dining ... the Mix, Ziggy's and more. The Cottage is great for a couple that need a 'mother-in-law' quarters or older couple who want an upstairs caretaker to tend the garden and assist them. Property is also large enough to add in a garage with upper apartment if you wish.... or a garage and workshop -- none here currently but a large lot that would easily accommodate. Great long time neighbors in the surrounding blocks and live on the best street in town = another block away is a 2nd public Park and skate park. Michigan basement Established in the 1830's, historic Depot Town is a favorite Ypsilanti neighborhood for all age groups because of its convenient location in the center of the action in the City of Ypsi. Restaurants, cafes, bars, stores, museums and much more are located right inside Depot Town which makes the neighborhood an exciting blend of residential and commercial property. Cross St would be the main drag where the majority of shops and restaurants are located, several of these historic buildings are mixed-use with loft style apartments/condos above shops/restaurants below. Adjacent streets to Cross (N River, Norris, Oak, Maple) are primarily residential properties with primarily late-1800s to early-1900s vintage homes; Victorian farmhouses are a common style here and many of these Victorians here have been diligently restored with colorful exteriors and intricate balusters, trim, gables and ornate woodworking. Ypsilanti values its historic architecture and Depot Town is part of the City's historic district which requires all external modifications (roofing, siding, windows, porches and decks) to be submitted to the historic district committee ("HDC") for oversight and approval of exterior projects. If you want to live close to the action just a block or two from the town's best cafes and bars, Depot Town should be at the top of your list.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric, Gas
    Cooling
    • Wall
    Appliances
    • Included: Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Carpet, Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,450 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off-street
    Features
    • Exterior features: Other, Wood, Metal
    • Has view: Yes
    • View description: City
    Lot
    • Size: 8,276 Square Feet
    Details
    • Parcel number: 111104494011

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Shake / Shingle
    Condition
    • Year built: 1940

    Community & HOA

    Location
    • Region: Ypsilanti

    Financial & listing details

    • Price per square foot: $155/sqft
    • Tax assessed value: $255,600
    • Annual tax amount: $4,493

    Price history

    DateEventPrice
    2/2/2026Sold$225,000+0.9%$155/sqft
    Source: Public Record Report a problem
    10/30/2021Listing removed--
    Source: Owner Report a problem
    1/24/2021Pending sale$223,000$154/sqft
    Source: Owner Report a problem
    1/24/2021Price change$223,000+1.8%$154/sqft
    Source: Owner Report a problem
    9/30/2020Pending sale$219,000$151/sqft
    Source: Owner Report a problem
    8/17/2020Listed for sale$219,000$151/sqft
    Source: Owner Report a problem
    11/16/2013Listing removed$800$1/sqft
    Source: Owner Report a problem
    10/23/2013Listed for rent$800$1/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,493 $127,800 +6.5%
    2024-- $120,000 +12.9%
    2023-- $106,300 +11.2%
    2022-- $95,600 +8.6%
    2021-- $88,000 +8%
    2020$4,189 $81,500 +21.8%
    2019-- $66,900 +5.5%
    2018-- $63,400 +5%
    2017$3,762 $60,400 +38.9%
    2016$3,762 $43,497 +0.3%
    2015-- $43,367 +3.2%
    2014-- $42,013
    2013-- $42,013 +2.4%
    2012-- $41,029 +2.7%
    2011-- $39,951 +1.7%
    2010-- $39,284 -0.3%
    2009-- $39,403 +4.4%
    2008-- $37,743 +2.3%
    2007-- $36,895 -47.1%
    2005-- $69,800 +14.4%
    2004-- $61,000 +8.2%
    2003-- $56,400 +16%
    2002$2,024 +20.8%$48,600 +11%
    2001$1,675 +25.2%$43,800 +15%
    2000$1,338 +175.8%$38,100 +4.4%
    1999$485 $36,500
    Find assessor info on the county website

    Neighborhood: Historic East Side

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $223,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $223,200