NOT LISTED FOR SALE

105 Walnut St River Rouge, MI 48218

Estimated Value: $89,000 - $137,000

2 Beds
2 Baths
1,272 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $65,500 $51 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $748/month

7 Days on Market

About This Home

As of September 2021

***DUE TO TENANTS SCHEDULES THIS WILL BE AVAILABLE FOR SHOWINGS SATURDAY 8/21/21 FROM 10AM-5PM*** TIRED OF RENTING? WE HAVE THE ANSWER! LOOKING FOR A GREAT INVESTMENT OPPORTUNITY? WE HAVE THE ANSWER! THIS BRICK RANCH STYLE MULTI-FAMILY PROPERTY IN THE BEAUTIFUL CITY OF RIVER ROUGE IS PRIME FOR THE PICKING!!TWO UNITS - EACH HAS ONE BEDROOM / ONE BATHROOM, LIVING ROOM AND DECENT SIZED EAT IN KITCHEN, FORCED HEAT - SEPARATE GAS AND ELECTRIC! EACH UNIT HAS ITS OWN UTILITY ROOM/LAUNDRY ROOM TOO! VERY LOW MAINTENANCE* BUILT ON SLAB* VINYL WINDOWS*SINGLE PARKING PAD AND STREET PARKING* TENANTS ARE ON MONTH TO MONTH LEASES - SOLD AS IS , BUYER TO ASSUME CITY CITED REPAIRS (INSPECTION REPORT IN DOCS) - *TENANT OCCUPIED - 24 HOURS IN ADVANCE FOR SHOWING!! ONLY AFTERNOON/EVENING SHOWINGS AVAILABLE FHA AT NO ADDITIONAL COST TO SELLER!

Last Agent to Sell the Property

Kevin Sabuda

Metropolitan Real Estate License #6501363538 Listed on: 08/16/2021

Last Buyer's Agent

Michael McBrearty

Sine & Monaghan, LLC License #6501345127

Sine & Monaghan, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 45.00x100.00

Home Design

  • 1,272 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Burke And Riopelles Grand Central Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50005090169002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,594

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1960
  • State Equalized Value: 17600.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Combined: 1272
  • Total Sq Ft: 1272

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Frontage Feet: 45
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 45.00X100.00
  • Parcel Number: 50005090169002
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 1108.0000
  • Tax Amount Winter: 486.0000
  • Total Tax: 1594.0000
  • Taxable Value: 15546.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of One Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Sep 10, 2021
Sold by
Anthony John H
Bought by
Walnut 105 Llc and Equity Trust Company Custodian
Seller's Agent
Kevin Sabuda
Metropolitan Real Estate
Buyer's Agent
Michael McBrearty
Sine & Monaghan, LLC
List Price
$65,000
Sold Price
$65,500
Premium/Discount to List
$500
0.77%
Current Estimated Value
$108,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,353
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walnut 105 Llc $65,500 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $65,500 +0.8% $51 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $65,000 -- $51 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,825 $45,800 $0 $0
2024 $1,825 $39,300 $0 $0
2023 $1,739 $31,000 $0 $0
2022 $2,419 $24,100 $0 $0
2021 $1,584 $20,600 $0 $0
2020 $1,594 $17,600 $0 $0
2019 $1,087 $15,900 $0 $0
2018 $1,061 $14,900 $0 $0
2017 $971 $15,200 $0 $0
2016 $1,600 $15,600 $0 $0
2015 $1,920 $19,200 $0 $0
2013 $3,020 $30,900 $0 $0
2012 $3,196 $30,900 $3,800 $27,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210064040

Realcomp

APN: 50-005-09-0169-002