NOT LISTED FOR SALE

16156 Farnum St Romulus, MI 48174

Romulus Area

Estimated Value: $14,800 - $124,000

0.37 Acre
$158,649 Price per Acre
16,117 Sq Ft Lot

Sale Details

Date Sold: July 24, 2020

Last sale price $10,000

Est. 487% increase in value since last sale

Current estimated payment $382 / mo

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 #6501296508 Listed on: 06/11/2020

Property Details

Property Type

  • Land

Lot Details

  • 16,117 Sq Ft 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

0.37 Acres

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 3, 2020
Sold by
Bought by
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
$58,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,700
Avg. Annual Appreciation
34.51%

Purchase Details

Listed on
Jan 16, 2014
Closed on
Jan 28, 2015
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Jul 19, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2004
Sold by
Bought by

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
0.0272%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$10,000 None Available
$2,500 None Available
-- None Available
$23,000 None Available
-- First American Title
$60,000 First American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $758 $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

    2 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

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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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