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Sold for $194,000
  • $194,000

    507 Madison St, Ypsilanti, MI 48197

    3beds
    1,760sqft
    Single Family Residence
    Built in 1970
    6,098 Square Feet Lot
    $190,200 Zestimate®
    $110/sqft
    $2,418 Estimated rent

    Home value

    $190,200

    $181,000 - $200,000

    $2,418/mo

    Zestimate® history
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    What's special

    Welcome to this charming 3-bedroom, 1.5-bath brick ranch nestled in one of Ypsilanti’s established neighborhoods! Offering timeless curb appeal, a functional layout, and a full basement with endless potential, this home is ready for its next owner to make it their own. Inside, you’ll find comfortable living spaces, generously sized bedrooms, and the durability and low-maintenance appeal that comes with classic brick construction. Whether you’re looking for extra storage, a workshop, home gym, or future finished living space, the expansive basement provides plenty of flexibility. Conveniently located just minutes from Eastern Michigan University, this home offers quick access to local dining, shopping, parks, and the vibrant shops and restaurants of historic Depot Town. Commuters will appreciate the easy access to I-94, making trips to Ann Arbor, Detroit Metro Airport, and surrounding communities a breeze. The University of Michigan and downtown Ann Arbor are also just a short drive away, giving you the best of both communities. Eastern Michigan University University of Michigan Depot Town. Whether you’re a first-time homebuyer, downsizing, or searching for a smart investment opportunity, this well-located ranch offers comfort, convenience, and outstanding potential. Schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Drew M Cheetwood 248-828-5640,

    Social House Real Estate Group LLC

    Bought with:

    Darrell Taylor, 6501448964

    Keller Williams Ann Arbor Mrkt

    Source: Realcomp II,MLS#: 20261050293MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Entry
    • Area: 121
    • Dimensions: 11 X 11
    Bedroom
    • Level: Entry
    • Area: 99
    • Dimensions: 11 X 9
    Bedroom
    • Level: Entry
    • Area: 88
    • Dimensions: 11 X 8
    Other
    • Level: Entry
    Other
    • Level: Basement
    Kitchen
    • Level: Entry
    • Area: 63
    • Dimensions: 9 X 7
    Laundry
    • Level: Basement
    • Area: 70
    • Dimensions: 10 X 7
    Living room
    • Level: Entry
    • Area: 210
    • Dimensions: 15 X 14
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Free Standing Gas Range, Free Standing Refrigerator, Washer
    Features
    • Basement: Partially Finished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,760 sqft
    • Finished area above ground: 960
    • Finished area below ground: 800

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: One
    • Stories: 1
    • Entry location: GroundLevelwSteps
    • Patio & porch: Covered
    • Pool features: None
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50 x 122
    Details
    • Parcel number: 111137151005
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Vinyl Siding
    • Foundation: Basement, Poured
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: PARK RIDGE
    HOA
    • Has HOA: No
    Location
    • Region: Ypsilanti

    Financial & listing details

    • Price per square foot: $110/sqft
    • Tax assessed value: $63,704
    • Annual tax amount: $4,785
    • Date on market: 7/6/2026
    • Cumulative days on market: 17 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Va Loan
    • Exclusions: Exclusion(s) Do Not Exist

    Price history

    DateEventPrice
    9/4/2026Sold$194,000+2.2%$110/sqft
    Source: Realcomp II #20261050293 Report a problem
    8/3/2026Pending sale$189,900$108/sqft
    Source: Realcomp II #20261050293 Report a problem
    7/6/2026Listed for sale$189,900+17.2%$108/sqft
    Source: Realcomp II #20261050293 Report a problem
    2/20/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/17/2024Listed for rent$2,000$1/sqft
    Source: Zillow Rentals Report a problem
    11/23/2022Sold$162,000-1.8%$92/sqft
    Source: MichRIC #54636 Report a problem
    11/3/2022Pending sale$165,000$94/sqft
    Source: AAABOR #3291273 Report a problem
    10/22/2022Contingent$165,000$94/sqft
    Source: AAABOR #3291273 Report a problem
    10/11/2022Listed for sale$165,000$94/sqft
    Source: AAABOR #3291273 Report a problem
    10/10/2022Listing removed--
    Source: AAABOR #3289589 Report a problem
    10/3/2022Price change$165,000-2.9%$94/sqft
    Source: AAABOR #3289589 Report a problem
    9/6/2022Pending sale$170,000$97/sqft
    Source: AAABOR #3289589 Report a problem
    8/16/2022Contingent$170,000$97/sqft
    Source: AAABOR #3289589 Report a problem
    7/28/2022Price change$170,000-5.5%$97/sqft
    Source: AAABOR #3289589 Report a problem
    7/15/2022Listed for sale$179,900+386.2%$102/sqft
    Source: AAABOR #3289589 Report a problem
    6/25/2014Sold$37,000-7.5%$21/sqft
    Source: Public Record Report a problem
    3/18/2014Listed for sale$40,000-51.6%$23/sqft
    Source: Ann Arbor Market Center, Inc. #3220065 Report a problem
    12/20/2013Sold$82,666-29.9%$47/sqft
    Source: Public Record Report a problem
    10/27/2006Sold$118,000+51.3%$67/sqft
    Source: Public Record Report a problem
    9/6/2006Sold$78,000-12.7%$44/sqft
    Source: Public Record Report a problem
    5/27/2005Sold$89,352-10.6%$51/sqft
    Source: Public Record Report a problem
    5/24/2004Sold$100,000$57/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,794 $70,100 +3.5%
    2024-- $67,700 +18.2%
    2023-- $57,300 +12.1%
    2022-- $51,100 +15.3%
    2021-- $44,300 +18.8%
    2020$2,509 $37,300 +15.5%
    2019-- $32,300 +9.5%
    2018-- $29,500 +5.4%
    2017$1,905 $28,000 +0.4%
    2016$1,905 $27,883 +0.3%
    2015-- $27,800 -2.5%
    2014-- $28,500
    2013-- $28,500 -8.4%
    2012-- $31,100 -9.6%
    2011-- $34,400 -12.9%
    2010-- $39,500 -2.2%
    2009-- $40,400 -20.5%
    2008-- $50,800 -5.8%
    2007-- $53,900 +1.7%
    2005-- $53,000 +11.1%
    2004-- $47,700 +3%
    2003-- $46,300 +37.8%
    2002$1,427 +24.2%$33,600
    2001$1,149 -58.2%$33,600 +10.2%
    2000$2,746 +852.5%$30,500 +4.5%
    1999$288 $29,200
    Find assessor info on the county website

    Neighborhood: Heritage Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $190,200
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    Estimated market value
    $190,200