16231 Luxemburg , Fraser, MI 48026
Price cut $10,000 since it was listed at $309,900
Est. $2,556/mo with current taxes · · See the breakdown
About this home
Great three bedroom, 2 bath ranch style home with many updates including stone (granite or marble) countertops. This completely updated home has a modern look and is located on a corner lot in a beautiful treed community near the library and the popular downtown area of Fraser . The living room features a wood burning fireplace and there is a lovely Florida room off the back of the home for those peaceful nights. All showings must be with a licensed agent and COVID guideline must be followed.
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 46.57 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 | $299,900 |
| Original price | $309,900 |
| Price cut | −$10,000 |
| Beds | 3 |
| Baths | 2 full |
| Square feet | 1,802 |
| Type | Single family residence |
| Subdivision | FRASER CITY SUB |
| County | Macomb |
| MLS # | 20261083312 |
| Listed | 2026-10-14 |
| Days on market | 20 |
| Year built | 1950 |
| Possession | 30 days after closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Slab |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Fireplace | Yes |
| Parcel number | 1406202017 |
| Listing office | Sandora & Fiteny Real Estate |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $130,215 | about $149,950 |
| Yearly property tax | $6,320 | about $6,983 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $663 a year more than this seller pays. The assessor's state equalized value (SEV) is $132,600. 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 Fraser's 2025 homestead rate of 46.57 mills and assumes you claim the homestead exemption. See Fraser'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 2026-11-03T10:57+00:00; refreshed at least twice daily.