So you’re thinking you might want to purchase your next home in Rochester Michigan, and one of the concerns is how far you can actually stretch your dollar in a city you may not be familiar with, and that’s fair, so be sure to stick around because I’m going to show you 5 homes in 5 different prices, all under $450,000. Let’s get to it. Before I dive into these 5 homes, if you’re interested in looking more into Rochester or Rochester Hills, I have a few videos I’ll link in the description if you want to add those to your queue.
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Video Transcript:
Before I dive into these 5 homes, if you’re interested in looking more into Rochester or Rochester Hills, I have a few videos I’ll link in the description if you want to add those to your queue.
HOME #1
Kicking this off with the cheapest home on the list located east of University drive and main st, we have this 2 bedroom, 1 bathroom condo with 839 square feet, that was built in 1986, but fully remodeled in 2020. This complex has a monthly HOA fee of $225 that covers maintenance of the grounds and structure, along with snow removal trash and water. This $162,000 condo was on the market for 3 days before it went pending. Taking a look at the images, this structure has a fairly good curb appeal, adequate parking, some is covered and some is not. The inside is fairly clean and situated the best as possible for the lack of space this layout has, the kitchen has a little more breathing room than most complexes, as the kitchen often feels like a hallway, where two people couldn’t be in there at the same time. The bedrooms are big enough to fit dresses and desks for work or play, the bathroom is fairly small in size based on having two bedrooms, but again, it’s a small unit. The private balcony is a nice touch, as most tend to be fairly seamless into one another so the privacy is slim, but this one is a nice little cubby to enjoy the outdoors.
Of course this condo is a very cheap option when it comes to living in Rochester Michigan, but with the close proximity to Main street, this is a great way to take advantage of the local amenities. Yes, you may grow out of it someday or downsize to this option, but it’s not a bad low maintenance way to get into the city of Rochester.
HOME #2
Stepping over to home number 2, we are upping the budget a little bit, and this one doesn’t have the glamorous pictures to show off, but it definitely lets you know the appeal to living in Rochester Michigan, by what people are willing to spend. This home is located north of the first one, still east of Main street. This is a single family home, with 3 bedrooms, 1 full bathroom and just over 1200 square feet in size. This home was listed for $199,900 and was on the market for 2 days before selling for $230,000. Taking a look at the minimal amount of images provided, this home was advertised as an investor special, a home that needs a significant amount of TLC. So much so, there’s not even interior pictures. The other images show off the opportunity to essentially knock the whole place down and start over, after pretty much spending $230,000 for the 50x150 chunk of land for home plans that could fit a 2700 square foot house.
This is one of those opportunities where if you have the money to do it, it could be a great long term investment whether you’re looking to live in it for a while, rent it out or simply put a new house there and sell. Most of the new home communities across Metro Detroit have HOA fees, and if you do it this way, you won’t so there’s some savings in the long run.
HOME #3
Moving over to home #3, located on Ferndale avenue right next to main st. this location couldn’t be any closer to all the action. This home has 2 bedrooms, 2 bathrooms, with just over 1,000 square feet, and was built in 1942. This home was actually on the market for 38 days before it ended up selling, and in a market like the one we are having now, it’s a little unusual. But taking a look at it being listed for $299,900 and selling for $275,000. It really just came down to that price tag, but as we take a look at these pictures, you might notice how goofy it is to see a driveway on either side, and that’s because this is actually a duplex! A great investment opportunity that was priced at $320,000 at first and brought all the way down to $275,000. It’s one of those new investor opportunities where you could live on one side and rent out the other. Clicking through some of these pictures, it’s definitely tight living, the kitchen is smaller, the rooms are tight as well as the bathroom, but at least the basement basement has some space. There’s also not a garage, but a shed tucked away in the back that almost looks the same as a house, that could be converted into some more space or used for all the lawn toys of course.
HOME #4
Jumping on over to home #4, located north of the first 2 homes I touched on and just across main street from the last one, near Howlett Park. This home is listed at $410,000 and went pending after 18 days on the market. It has 4 bedrooms, 2 full bathrooms, with nearly 1600 square feet, built in 1929. Taking a look at some of the images, it’s no secret this old home has some character, and based on the last few homes I've shown you can probably tell there’s a historic feel to these neighborhoods, but there’s also new construction homes popping up in several of the neighborhoods. The hardwood floors look to be in great condition, but again, cameras do a wonderful job of creating that illusion. A natural fireplace, arched doorways, wood finishes, newer appliances, and an overall fairly open kitchen space, with enough space for a dining table near the large door wall leading to the back deck. Laundry is located right off the kitchen, which is fairly common for the older homes. The bedrooms are an okay size, with windows, closets, etc. A nice little bathroom, then we hop upstairs to a few skylights that bring in a ton of natural light. I can’t exactly pinpoint what bag looking material is on the wall above the stair railing, but that’s interesting, then the doorway opens up into another room with a few different storage spaces, then we jump to the finished basement that may have had some water damage in the past with those missing ceiling tiles. Another bathroom, with an accessible tub, and another room with a lot of shelf space, a few floor plans, and we then jump to the backyard where we have this oversized deck that’s great for entertaining, along with a 2 car detached garage.
HOME #5
Last but not least we have home #5 on the list, located a few streets east from the last home I touched on, this home is listed at $449,000 and was on the market for 2 days only before it went pending. This home has 2 bedrooms, 3 full bathrooms, with just over 1560 square feet, and was built in 1999. This home is a condo located in the stony ridge community with an HOA fee of 300 a month. Taking a look at the images, the home has nice curb appeal, feels a little more modern compared to the last few homes I shared. Stepping through the front door, you have this wide open layout with tall ceilings, a carpeted living room, with an area for a dining room table that leads into the kitchen, jumping outside the kitchen we have a hallway that leads to the living areas, with a large closet, bathroom, and bedrooms, which are all appropriately sized. A little laundry room with a wash tub and storage is a nice touch as well. And stepping down to the finished basement that’s all carpeted. With a bathroom off to the side, so for those of you that thought it sounded a little goofy to have an extra bathroom compared to the bedroom count, it’s because the 3rd bathroom is hiding down here. Along with several storage rooms that could be utilized as bedrooms or offices if wanted. Some storage off the stairs, then we jump out to the back deck that leads to a smaller backyard lined with trees for privacy.
That sums up the list of 5 homes in 5 different price points in Rochester Michigan. For those of you that watched all the way through, what do you think of the affordability in Rochester? Drop your thoughts in the comments below.
Cheers,
Andrew
Andrew McManamon is a Michigan REALTOR® with Signature Sotheby’s International Realty and provides real estate services to Buyers, Sellers and Investors throughout SE Michigan including Livingston County, Oakland County, Washtenaw County, Genesee County & beyond. Andrew has become one of the rising stars of Michigan real estate agents. Prior to his real estate career Andrew was responsible for managing a senior living facility in Brighton, Michigan as a dining supervisor and an activities assistant. Andrew’s passion to help people is unlike any other, and he continues to strive to be best resource he can be. Andrew graduated from Cleary University in Howell, Michigan with a double major and currently resides in Brighton, Michigan.