36552 Melbourne Dr Sterling Heights, MI. 48312

Q: How do I schedule a showing for this property?

This property is not currently listed for sale on the MLS. However, many homeowners are open to selling for the right price. Click 'More Info' above to inquire about this specific property, or browse homes for sale in Sterling Heights. You can also set up alerts to be notified when similar properties come on the market.

Q: What should I look for during a home inspection in MI?

A thorough home inspection in MI should prioritize: Roof condition (crucial for Michigan winters and ice dams), foundation and basement (check for water intrusion, cracks, and radon - Michigan has elevated radon levels), HVAC system (furnace efficiency rating and age - replacements cost $4,000-$8,000), plumbing (galvanized pipes in pre-1970 homes need attention), electrical panel (200-amp service is standard for modern homes), and windows/insulation (major energy cost factor).

Q: Is 2026 a good time to buy a home in Sterling Heights?

The 2026 housing market in Sterling Heights presents both opportunities and challenges. Mortgage rates have stabilized in the 6.5-7% range after peaking in 2023. Home prices in Metro Detroit have appreciated 3-5% year-over-year, with Sterling Heights following similar trends. Inventory remains tight but has improved from 2022-2023 lows. For buyers, the reduced competition compared to the 2021-2022 frenzy means more negotiating power. The best strategy is to get pre-approved, know your budget, and be ready to act when the right property appears.

Q: What are the current mortgage rates for Michigan home buyers?

As of January 2026, mortgage rates in Michigan for well-qualified buyers are approximately: 30-year fixed: 6.5-7.0%, 15-year fixed: 5.75-6.25%, 5/1 ARM: 5.5-6.0%, FHA loans: 6.25-6.75%, VA loans: 6.0-6.5%. Rates vary based on credit score, down payment, and loan type. For a $295,000 home with 20% down, the monthly principal and interest payment would be approximately $1,570 at 7% interest.

Q: How competitive is the housing market in Sterling Heights?

The Sterling Heights housing market in 2026 is moderately competitive. Well-priced homes in good condition typically receive 2-5 offers and sell within 2-3 weeks. Key factors affecting competitiveness: price point (homes under $300K see more competition), condition (move-in ready homes command premiums), and location (proximity to downtown, schools, and highways). To compete effectively, come with pre-approval, consider earnest money deposits of 1-2% of purchase price, and be flexible on closing dates.

Price:$295,000|Beds: 3|Baths: 2|Area: 1720 sq ft

Overview

This property sits on Melbourne within Sterling Heights's Candlewood Village Sub 3 community, an area known for its established homes and neighborhood appeal. With 3 bedrooms and 2 bathrooms spanning approximately 1,720 square feet, this 1985-built home provides ample room for daily living. This type of home typically attracts growing families and established households drawn to the Sterling Heights area's amenities and accessibility. Current market analysis suggests a value range of $378,615 to $386,264, with an estimated value around $382,440 based on recent Sterling Heights area transactions. If you own this property and are considering selling, our team can provide a detailed market analysis to help you understand your options in today's Sterling Heights market.

Neighborhood Character

Candlewood Village Sub 3 represents Sterling Heights's late 20th-century expansion, with homes designed for the needs of modern families. Construction from this period brought updated building standards and the open floor plans that became popular in Sterling Heights and beyond. Located within Macomb County, Sterling Heights residents enjoy access to county services, regional parks, and the broader Metro Detroit area.

The home at 36552 Melbourne Dr Sterling Heights, MI. 48312
is a single family residential built in 1985 featuring 3 bedrooms, 2 bathrooms, 1,720 square feet of living space, B stories. The property sits on a 9,583 square foot lot (0.22 acres) in the Candlewood Village Sub subdivision within Sterling Heights City. Key features include basement (1720 sq ft), fireplace, 2-car attached garage, central air conditioning. Heating is provided by forced air unit.

Legal Description

CANDLEWOOD VILLAGE SUB NO 3 LOT 316
County Registrar of Deeds Public Record

Alternative Address Formats

36552 Melbourne Dr

36552 Melbourne Dr Sterling Heights, MI. 48312-3337

ranch home on a corner lot in sterling heights featuring 3 bedrooms and 2 full bathrooms. The main living room provides a comfortable gathering space, while the spacious eat-in kitchen offers plenty of room for meals and entertaining. Just off the kitchen is a cozy family room with a fireplace, perfect for relaxing. The primary bedroom includes a private en suite bathroom. Attached 2-car garage for convenience. Enjoy the fenced backyard with a patio area. Interior offers great potential with some updating-an excellent opportunity for investors or buyers looking to add their own touch.

More Information

MLS Number: 58050191700
Price: $295,000.00
Listing Start Date: 10/31/2025
Current MLS Status: Sold
Status Date: 10/31/2025
Year Built: 1985
Square Footage: 1720
Price per SqFt: $171.51
Bedrooms: 3
Full Bathrooms: 2
Total Tax: $3,640
Has Basement: Yes
Down Payment Assistance: Call us for resources

Public Record Information

Estimated Value: $382,440
Square Footage: 1720
Lot Area: 0.22 acres (9,583 sqft)
Lot Dimensions: 80 ft frontage × 120 ft depth
Price per SqFt: $222.00
Year Built: 1985
Stories: B
Bedrooms: 3
Full Bathrooms: 2
Fireplace: 1
Basement: Yes
Area Breakdown: Basement: 1720 sq ft Garage: 420 sq ft
Taxes (from public record): $3,565
Tax Exemptions: Homestead
Approx. Loan Amount: $0
Subdivision: Candlewood Village Sub
Municipality: Sterling Heights City
Lot Number: 316
Zoning: R-60
Build Quality: C+
A/C Type: Yes
Heating Type: Forced Air Unit
Parking Type: Attached Garage
Parking Spaces: 2
Legal Description: CANDLEWOOD VILLAGE SUB NO 3 LOT 316
APN (Parcel Number): 10-10-25-104-008 (101025104008)
Tax ID#: 1025104008
FIPS Code: 26099
Property Type: Residential
Property Classification: Single Family Residential
County Land Use: Single Family Residential (401)
Owner Occupied: Yes
Owner City: Sterling Heights, MI
Assessed Value (2024): $166,800
Market Assessment (2024): $333,600
Census Tract: 231900
Location Accuracy: Structure

Valuation

Estimated Value

$382,440

Range of Comparable Sales

Low: $378,615

High:

$386,264

Estimated Value Analysis

Based on recent comparable sales and market conditions, this property's estimated value is approximately $382,440. The confidence range spans from $378,615 to $386,264, reflecting variables such as property condition, specific features, and micro-market dynamics.

Factors Influencing Value

Several factors typically influence property values in this area:

Location: Proximity to employment centers, quality schools, and amenities in Sterling Heights
Systems: Homes from this era may have had key systems updated; buyers should verify HVAC, roof, and plumbing age
Condition: Updated kitchens, bathrooms, and flooring typically command price premiums
Market Timing: Seasonal trends and inventory levels affect negotiating position

Exact Location

map of 36552 Melbourne Dr Sterling Heights, MI 48312

Click for interactive map

Estimated Monthly Expenses

Annual property taxes are approximately $3,640. In Michigan, property taxes are calculated using the State Equalized Value (SEV), typically 50% of market value. Owner-occupants may qualify for the Principal Residence Exemption (PRE), which exempts the property from the 18-mill school operating tax—potentially saving $1,000-$3,000 annually. Budgeting approximately $303 per month for property taxes helps buyers understand total housing costs.

Note: Property taxes may be reassessed upon sale. Michigan's Proposal A limits annual increases to 5% or inflation (whichever is less) for the current owner, but this cap resets when ownership transfers. Buyers should factor potential tax adjustments into their budget.

Total Monthly Cost	$2,276
HOUSING
Mortgage Payment (P&I, 20% down)	$
Property Tax	$
Homeowner's Insurance	$
UTILITIES (Estimated)
Heating	$
Electric	$

Edit any value to recalculate total

MLS Listing History

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Schools Nearby

Free Home Renovation Cost Estimator

Planning renovations for 36552 Melbourne, Sterling Heights, MI. 48312? Get instant cost estimates for kitchen remodels, bathroom renovations, flooring, roofing, and more. Our free renovation calculator helps you budget accurately for your home improvement projects.

Kitchen Remodel
Bathroom Renovation
Flooring
Roofing
HVAC
Windows & Doors

Renovation Cost FAQs for Sterling Heights, MI

Kitchen remodel costs in MI typically range from $15,000 to $75,000 depending on the scope. A minor kitchen remodel averages $15,000-$25,000, while a major kitchen renovation with new cabinets, countertops, appliances, and flooring can cost $40,000-$75,000 or more. Use our free renovation cost estimator for a personalized estimate based on your home's details.

Bathroom renovation costs typically range from $6,000 to $35,000. A basic bathroom update with new fixtures and paint costs $6,000-$15,000. A full bathroom remodel including new tile, vanity, toilet, shower/tub, and plumbing updates averages $15,000-$35,000. Luxury bathroom renovations with high-end finishes can exceed $50,000.

The renovations with the best return on investment (ROI) include: Garage door replacement (93-97% ROI), manufactured stone veneer (92-96% ROI), minor kitchen remodel (72-81% ROI), new siding (68-76% ROI), and window replacement (67-72% ROI). Curb appeal improvements and kitchen/bathroom updates typically provide the highest returns when selling your home.

Flooring costs vary by material: Laminate flooring (installed) $3-$8/sq ft, Luxury vinyl plank (LVP) $4-$10/sq ft, Hardwood flooring $8-$15/sq ft, Tile flooring: $7-$15/sq ft, Carpet: $3-$12/sq ft. For a 1720 sq ft home, expect to pay between $4,500 and $22,500 for full flooring replacement.

New roof costs depend on size and material. For a typical single-family home: Asphalt shingles: $8,000-$15,000, Architectural shingles: $10,000-$20,000, Metal roofing: $15,000-$30,000, Tile or slate: $20,000-$50,000+. Factors affecting cost include roof pitch, complexity, accessibility, and whether a tear-off is needed.

Our free renovation cost estimator is pre-loaded with this property's details including 1720 square feet of living space, 3 bedrooms, and 2 bathrooms. Simply select the renovation projects you're considering to get instant cost estimates based on current market rates for Sterling Heights, MI.

Buying & Selling a Home in Sterling Heights, MI

For a home priced around $295,000 in Sterling Heights, you would need approximately $59,000 for a conventional 20% down payment, or as little as $10,325 with an FHA loan (3.5% down). In 2025, with mortgage rates around 6.5-7%, many buyers are exploring adjustable-rate mortgages or rate buydowns. First-time homebuyer programs through MSHDA may offer down payment assistance. Contact our team to discuss financing options and get connected with trusted lenders.

Closing costs in MI typically range from 2-5% of the purchase price. For this property, expect closing costs between $5,900 and $14,750. This includes title insurance, appraisal fees ($400-$600), lender origination fees, escrow deposits, and recording fees. Michigan has a transfer tax of $7.50 per $1,000 of sale price (typically paid by seller) plus $0.55 per $500 county tax. Use our monthly expense calculator above to estimate your total housing costs.

The home buying process in Sterling Heights typically takes 30-45 days from accepted offer to closing. This includes time for home inspection (7-10 days), appraisal (1-2 weeks), and mortgage underwriting (2-3 weeks). Cash purchases can close in as little as 10-14 days. Getting pre-approved before house hunting is essential to compete effectively and speed up the process. View all homes for sale in Sterling Heights to start your search.

Property taxes in Sterling Heights (48312) are based on the State Equalized Value (SEV), typically 50% of market value in Michigan. This property has annual taxes of approximately $3,640. Michigan offers a Principal Residence Exemption (PRE) that reduces taxes by 18 mills for owner-occupied homes, potentially saving $1,000-$3,000 annually. See the estimated monthly expenses section for a breakdown including taxes, insurance, and utilities.

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The comparable sales shown above represent recent transactions for similar properties in the area. When evaluating these comps, consider how each property's specific features—such as updates, lot characteristics, and exact location—may differ from this Sterling Heights home. Properties closest in size to this 1,720 square foot, 3-bedroom home typically provide the most relevant price guidance. Our team can provide a detailed comparative market analysis upon request.

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