5978 8 Mile Road

5978 8 Mile Road in Bay City, MI was first built in 1934 and is 90 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5978 8 Mile Road has 1,105 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 2,290 ft and the linear feet between the front and back of the lot is 3,020. In total, the area measurement of the land is 42,253 square feet.

Learn more about the property and building on this page. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5978 8 Mile Road sold most recently in Jul 6, 2023 for a total of $141,000. If you work out the math, that's approximately a cost of $127.60 per sqft. Before that, the property was also sold for $120,000 in May 21, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,272 in taxes each year. 5978 8 Mile Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $62,850. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.