505 Forest ST , Wyandotte, MI 48192

Est. $2,135/mo with current taxes · See uncapped taxes · See the breakdown

About this home

A RARE OPPORTUNITY! CREATE YOUR DREAM HOME OR YOUR NEXT GREAT INVESTMENT! Over 2,300 sq ft of farmhouse charm and unlimited potential! This turn-of-the-century Wyandotte farmhouse, situated on a desirable corner lot w/ 2 ADDITIONAL LOTS, offers a unique opportunity to create something truly special. THE CHOICE IS YOURS! Purchase AS-IS and bring your own contractor to transform this gutted-to-the-studs property into your vision, OR purchase at the asking price and contract separately w/ the seller (an experienced builder) to renovate the home to YOUR specifications, with scope, finishes and pricing tailored to your desired level of renovation! The possibilities are impressive, with potential for up to 5 bedrooms and 3+ bathrooms, expansive formal rooms, high ceilings, and a full basement with large windows and rear walkout stairwell. Original character remains in features such as antique radiators, solid doors and built-in millwork, offering the opportunity to blend historic charm with modern amenities. Imagine a spectacular kitchen with a large island, breakfast nook and walk-in pantry, spacious living areas, and even a welcoming wraparound porch! Architectural concept plans and AI-generated interior/exterior renderings are available to showcase one possible vision for this farmhouse's transformation. The two additional lots offer further possibilities, including potential for a separate buildable homesite, subject to zoning and municipal approval. Whether you're looking to design your forever home, work with the seller-builder to create a custom renovation, or take advantage of an exciting investment opportunity, this property deserves a closer look! PROPERTY IS BEING SOLD AS-IS IN ITS CURRENT UNFINISHED CONDITION. Renovation is optional and subject to a separate agreement & pricing. Plans & renderings are conceptual only & do not represent the current condition or guaranteed finished product. Make this Dream opportunity yours!

Monthly payment

The facts

Property taxes: the seller's bill vs. yours

Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $134,900. 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 Wyandotte's 2025 homestead rate of 53.16 mills and assumes you claim the homestead exemption. See Wyandotte'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 2026-10-31T09:44+00:00; refreshed at least twice daily.