NOT LISTED FOR SALE

16156 Farnum St Romulus, MI 48174

Estimated Value: $14,758 - $215,000

0.37 Acre
$216,730 Price per Acre
16,117 Sq Ft Lot

Last Sold July 24, 2020

Last sale price $10,000

Est. 702% increase in value since last sale

Current estimated payment $490/month

42 Days on Market

About This Lot

As of July 2020

Nice buildable corner lot off Middlebelt and Pennsylvania. All utilities available. There used to be a home here years ago.

Last Agent to Sell the Property

Patrick Novack

Metro Realty Group, Inc License #6501296508 Listed on: 06/11/2020

Last Buyer's Agent

Patrick Novack

Metro Realty Group, Inc License #RCO-6501296508

Property Details

Property Type

  • Land

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 120.00x135.00

Community Details

  • Middlebelt Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 80140010107300

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: 0.03
  • State Equalized Value: 8000.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Sewer-Sanitary
  • Water Source: Municipal Water

Schools

  • School District: Romulus

Lot Info

  • List Price per Acre: 33783.7838
  • Lot Size Area: 0.37
  • Lot Dimensions: 120.00X135.00
  • Parcel Number: 80140010107300
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 545.0000
  • Tax Amount Winter: 90.0000
  • Total Tax: 635.0000
  • Taxable Value: 8000.0000

MLS Schools

  • School District: Romulus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 3, 2020
Sold by
Sama Development Llc
Bought by
Lopez Ronquillo Marisela
Seller's Agent
Patrick Novack
Metro Realty Group, Inc
Buyer's Agent
Patrick Novack
Metro Realty Group, Inc
List Price
$12,500
Sold Price
$10,000
Premium/Discount to List
-$2,500
-20%
Current Estimated Value
$80,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,190
Avg. Annual Appreciation
49.12%

Purchase Details

Listed on
Jan 16, 2014
Closed on
Jan 28, 2015
Sold by
Fannie Mae
Bought by
Sama Development Llc
Seller's Agent
Raymond Megie
Realty Executives Main St LLC
Buyer's Agent
Jamal Rubaii
Prime One Realty, LLC
List Price
$11,000
Sold Price
$2,500
Premium/Discount to List
-$8,500
-77.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.09%

Purchase Details

Closed on
Aug 6, 2012
Sold by
Onewest Bank Fsb
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Jul 19, 2012
Sold by
Taylor Joseph E and Taylor Henrietta
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Mar 8, 2004
Sold by
The Bank Of New York
Bought by
Taylor Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.72%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 1999
Sold by
Metropolitan Mtg & Secur
Bought by
Bank Of New York
Source: Public Records

Range of Values:

Collateral Analytics

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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
Lopez Ronquillo Marisela $10,000 None Available
Sama Development Llc $2,500 None Available
Fannie Mae -- None Available
Onewest Bank Fsb $23,000 None Available
Taylor Joseph E $60,000 First American Title
Taylor Jospeh E -- First American Title
Bank Of New York -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Jospeh E $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2020 07/24/20 Sold $10,000 -20.0% --
07/24/2020 07/24/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $12,500 +400.0% --
02/20/2015 02/20/15 Sold $2,500 -77.3% -- View Prior Sale
12/23/2014 12/23/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $11,000 -- --
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 $754 $17,000 $0 $0
2024 $754 $11,000 $0 $0
2023 $760 $11,000 $0 $0
2022 $862 $11,000 $0 $0
2021 $867 $11,000 $0 $0
2020 $660 $11,000 $0 $0
2019 $635 $8,000 $0 $0
2018 $484 $8,000 $0 $0
2017 $210 $8,000 $0 $0
2016 $601 $8,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Patrick Novack

    Metro Realty Group, Inc

    Section Image
  • Raymond Megie

    Seller's Agent in 2015

    Raymond Megie

    Realty Executives

    (586) 634-1822

    372 Total Sales

    Raymond Megie
    Section Image

  • J

    Buyer's Agent in 2015

    Jamal Rubaii

    Prime One Realty, LLC

    (313) 790-5700

    1 in this area

    3 Total Sales

    Jamal Rubaii
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200042878

Realcomp

APN: 80-140-01-0107-300

Michigan Wayne County Romulus 48174

16156 Farnum St, Romulus, MI

This home is located at 16156 Farnum St, Romulus, MI 48174 since 11 June 2020 and is currently estimated at $80,190. 16156 Farnum St is a home located in Wayne County with nearby schools including Halecreek Elementary School, Romulus Middle School, and Romulus Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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