18655 WOOD Street, Melvindale, MI 48122
Price cut $10,000 since it was listed at $110,000
Est. $1,033/mo with current taxes · · See the breakdown
About this home
NICE & COZY RANCH THAT FEATURES 2 BEDROOMS, KITCHEN & LIVING ROOM AND A BIG FRONT YARD!!! batvai
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 60.05 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $100,000 |
| Original price | $110,000 |
| Price cut | −$10,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 705 |
| Type | Single family residence |
| Subdivision | OAKWOOD HEIGHTS SUB |
| County | Wayne |
| MLS # | 20261079951 |
| Listed | 2026-10-19 |
| Days on market | 14 |
| Year built | 1925 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Crawl space |
| Water / Sewer | City water & sewer |
| Parcel number | 47010030323000 |
| Listing office | RE/MAX Leading Edge |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $38,697 | about $50,000 |
| Yearly property tax | $2,677 | about $3,002 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $325 a year more than this seller pays. The assessor's state equalized value (SEV) is $44,900. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Melvindale's 2025 homestead rate of 60.05 mills and assumes you claim the homestead exemption. See Melvindale's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-02T23:11+00:00; refreshed at least twice daily.