NOT LISTED FOR SALE

16273 Hannan Rd Romulus, MI 48174

Estimated Value: $125,000 - $248,000

2 Beds
1 Bath
900 Sq Ft
$204/Sq Ft Est. Value

Last Sold November 10, 2023

Last sale price $90,000 $100 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,459/month

7 Days on Market

Highlights

  • 5.43 Acre Lot
  • Ground Level Unit
  • 1 Car Attached Garage
  • Ranch Style House
  • No HOA

About This Home

As of November 2023

Over 5 Acres of beautifully wooded property with loads of privacy and surrounded by nature. The home is a shell and will need full rehabilitation. There is an electric meter on the home but wiring is not done. The home used to be on septic but current septic system has failed and will need removal and new bed and tank installed. This home is a blank slate for you to make it yours and design it to fit your needs. Walls can be moved. Be careful when viewing. Some walls are not securely anchored. Buyer is to assume the home as is and will be required to order and pay for the city required pre sale inspection and comply with City of Romulus requirements for refurbishment. Seller will need at least 30 days to remove contents. Please be respectful of contents of garage and barn. Wood stove (in barn) and building materials do not stay with the home.
*Main beam in home has been replaced *3 supports have been replaced* Copper Water Main replaced * Ceiling Joist in garage was replaced * Vinyl windows were installed 3 years ago.
BRING A FLASHLIGHT FOR VIEWING. THERE ARE NO LIGHTS.
--- room sizes are estimated---- please verify all info w city and county

Last Agent to Sell the Property

Cheryl Harris

Berkshire Hathaway HomeServices Kee Realty Browns License #6501269814 Listed on: 10/23/2023

Berkshire Hathaway HomeServices Kee Realty Browns

Last Buyer's Agent

Cornelia Stoian

EXP Realty License #6501425650

EXP Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 5.43 Acre Lot
  • Lot Dimensions are 250.00 x 1275.00

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 900 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 80123990013001

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 3.00
  • Year Built: 1949
  • State Equalized Value: 59300.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Sq Ft Combined: 900
  • Total Sq Ft: 900

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Slab
  • Frontage Feet: 250
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Sewer: 3rd Party Unknown
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Romulus

Lot Info

  • Lot Size Area: 5.43
  • Lot Dimensions: 250.00 x 1275.00
  • Parcel Number: 80123990013001

Tax Info

  • Tax Amount Summer: 2594.0000
  • Tax Amount Winter: 460.0000
  • Total Tax: 3054.0000
  • Taxable Value: 43867.0000

MLS Schools

  • School District: Romulus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2023
Closed on
Nov 10, 2023
Sold by
Foster Christopher Donald
Bought by
Gherasim Mircea Oliviu and Gherasim Ovidiu Otniel
Seller's Agent
Cheryl Harris
Berkshire Hathaway HomeServices Kee Realty Browns
Buyer's Agent
Cornelia Stoian
EXP Realty
List Price
$120,000
Sold Price
$90,000
Premium/Discount to List
-$30,000
-25%
Total Days on Market
7
Views
50
Current Estimated Value
$183,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,636
Avg. Annual Appreciation
56.55%

Purchase Details

Listed on
Oct 23, 2023
Closed on
Sep 16, 2023
Sold by
Foster Dennis Robert
Bought by
Foster Christopher Donald
Seller's Agent
Cheryl Harris
Berkshire Hathaway HomeServices Kee Realty Browns
Buyer's Agent
Cornelia Stoian
EXP Realty
List Price
$120,000
Sold Price
$90,000
Premium/Discount to List
-$30,000
-25%
Views
50

Purchase Details

Closed on
Mar 14, 2019
Sold by
Meister Mark and Paducha Robert
Bought by
Foster Donald E

Purchase Details

Listed on
Jun 25, 2014
Closed on
Nov 23, 2015
Sold by
Estate Of Mary Solo
Bought by
Foster Donald E
Seller's Agent
Rose Koval
Century 21 Riverpointe
Buyer's Agent
Rose Koval
Century 21 Riverpointe
List Price
$89,000
Sold Price
$79,000
Premium/Discount to List
-$10,000
-11.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$69,000
Interest Rate
5%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Gherasim Mircea Oliviu $93,500 Premier Title
Foster Christopher Donald -- Premier Title
Foster Donald E $79,000 None Available
Foster Donald E $79,000 Michigan Title Ins Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foster Donald E $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2023 11/10/23 Sold $90,000 -25.0% $100 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $120,000 +51.9% $133 / Sq Ft
11/19/2015 11/19/15 Sold $79,000 -11.2% --
11/18/2015 11/18/15 Pending -- -- --
06/25/2014 06/25/14 For Sale $89,000 -- --
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
2024 $5,236 $88,600 $0 $0
2023 $2,723 $61,900 $0 $0
2022 $3,054 $59,300 $0 $0
2021 $2,967 $51,600 $0 $0
2020 $2,909 $42,400 $0 $0
2019 $2,884 $41,100 $0 $0
2018 $2,088 $42,700 $0 $0
2017 $1,102 $42,600 $0 $0
2016 $2,189 $42,800 $0 $0
2015 $4,210 $42,100 $0 $0
2013 $4,350 $45,900 $0 $0
2012 $1,210 $48,000 $23,800 $24,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230090570

Realcomp

APN: 80-123-99-0013-001