NOT LISTED FOR SALE

173 Richter St River Rouge, MI 48218

Estimated Value: $96,000 - $125,000

4 Beds
2 Baths
1,224 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $85,000 $69 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $735/month

95 Days on Market

Highlights

  • Craftsman Architecture
  • Fenced Yard
  • Forced Air Heating System
  • Deck
  • Porch
  • 1-minute walk to John Jakubowski Park

About This Home

As of October 2023

Price reduction! This is a fantastic opportunity to purchase a large 4-bedroom, 2-bathroom home. Extra bonus for you, a second kitchen. Perfect for a large family! Large living room, dining room combo space with 2 bedrooms on the main level. 2 large bedrooms, kitchen and bath on the upper level. Large front porch to enjoy. Fenced yard. Unfinished basement. Updated electrical panel box. Deck out the back door that leads to the yard. Home is being sold as is. Buyer to assume any repairs necessary for FHA mortgages and city repairs to receive the certificate of occupancy. Per the city of River Rouge, the lot next door can be purchased by the new buyer at a great price.

Last Agent to Sell the Property

Deanna Coleman

Real Estate One Southgate License #MCAR-6501366270 Listed on: 05/20/2023

Real Estate One Southgate

Last Buyer's Agent

Ashley Najarian

RE/MAX Dream Properties License #RCO

RE/MAX Dream Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30 x 100
  • Fenced Yard

Parking

  • On-Street Parking

Home Design

  • Craftsman Architecture

Interior Spaces

  • 1,224 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Hoods Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50-005-06-0183-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,509

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type: Residential
  • Type Of Property: Single Family
  • Architecture Style: Craftsman
  • Structure Style: 2 Story
  • Total Tax Amount: 1509
  • Total Tax Year: 2022
  • Year Built: 1929
  • Mail City: River Rouge
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement: Block, Unfinished
  • Bedrooms: 4
  • Bedroom 1: On Entry Level, Dimensions: 10 x 10
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On Entry Level, Dimensions: 10 x 10
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On Upper Floor, Dimensions: 12 x 10
  • Bedroom 3 Floor Covering: Carpet
  • Bedroom 4: On Upper Floor, Dimensions: 12 x 10
  • Bedroom 4 Floor Covering: Carpet
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: Dimensions: 6 x 4, On Level: Entry, Flooring: Linoleum
  • Bathroom 2: Dimensions: 7 x 5, On Level: Upper, Flooring: Linoleum
  • Dining Room: On Entry Level, Dimensions: 12 x 10
  • Dining Room Floor Covering: Carpet
  • Kitchen: On Entry Level, Dimensions: 9 x 9
  • Kitchen Floor Covering: Linoleum
  • Living Room: On Entry Level, Dimensions: 12 x 12
  • Living Room Floor Covering: Carpet
  • Below Grade Sq Ft: 816
  • Above Grade Finished Sq Ft: 1224
  • Total Finished Sq Ft: 1224

Exterior Features

  • Exterior: Aluminum
  • Exterior Features: Deck, Fenced Yard, Porch, Sidewalks, Street Lights
  • Foundation: Basement
  • Frontage: 30
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Parking: On Street
  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Cooling: Ceiling Fan(s), Window Unit(s)

Lot Info

  • Assessor Parcel Number: 50-005-06-0183-000
  • Zoning: Residential
  • Lot Dimensions: 30 x 100
  • Acreage: 0.07
  • Geo Subdivision: MI
  • Site/Lot Features: Subdivision, Walk to School, Sidewalks, City Limits

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,056.00
  • Winter Tax: Year: 2022, Amount: $453.00
  • Total Tax: Year: 2022, Amount: $1,509.00

MLS Schools

  • School District: River Rouge School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2023
Closed on
Oct 12, 2023
Sold by
Cruz-Martinez Marvin and Cruz-Martinez Patricia
Bought by
Poka Pegi
Seller's Agent
Deanna Coleman
Real Estate One Southgate
Buyer's Agent
Ashley Najarian
RE/MAX Dream Properties
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Views
212
Current Estimated Value
$106,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,998
Avg. Annual Appreciation
12.46%
Original Mortgage
$10,000
Outstanding Balance
$9,815
Interest Rate
7.18%
Estimated Equity
$97,183

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 24, 2016
Sold by
Clark Paul and Clark Mary L
Bought by
Cruz Martinez Marvin
Seller's Agent
Luis Rodriguez
RE/MAX Leading Edge
Buyer's Agent
Deanna Coleman
Real Estate One-Southgate
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.72%
Source: Public Records

Range of Values:

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Average Value
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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
Poka Pegi $85,000 None Listed On Document
Poka Pegi $85,000 None Listed On Document
Cruz Martinez Marvin $25,000 Title One Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poka Pegi $10,000
Closed Poka Pegi $10,000
Open Poka Pegi $83,460
Closed Poka Pegi $83,460
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2023 10/12/23 Sold $85,000 -10.4% $69 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/14/2023 08/14/23 Price Changed $94,900 -5.0% $78 / Sq Ft
06/24/2023 06/24/23 Price Changed $99,900 0.0% $82 / Sq Ft
06/24/2023 06/24/23 For Sale $99,900 -4.8% $82 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/05/2023 06/05/23 Price Changed $104,900 -4.5% $86 / Sq Ft
05/20/2023 05/20/23 For Sale $109,900 +339.6% $90 / Sq Ft
08/26/2016 08/26/16 Sold $25,000 -16.4% $20 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $29,900 -- $24 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,987 $43,100 $0 $0
2024 $1,987 $37,000 $0 $0
2023 $1,033 $28,400 $0 $0
2022 $1,509 $21,700 $0 $0
2021 $1,392 $18,500 $0 $0
2020 $1,402 $15,700 $0 $0
2019 $955 $14,100 $0 $0
2018 $933 $13,100 $0 $0
2017 $857 $13,300 $0 $0
2016 $1,175 $13,700 $0 $0
2015 $1,710 $17,100 $0 $0
2013 $1,945 $28,200 $0 $0
2012 $1,487 $27,400 $3,100 $24,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50109614

Michigan Multiple Listing Service

APN: 50-005-06-0183-000