Buyer's Agent in 2023
Lanie Hardy Cosgrove
KW Domain
(248) 703-1105
318 Total Sales
303 E Lafayette St Romeo, MI 48065
Romeo Area
8
Beds
4
Baths
3,355
Sq Ft
0.25
Acre Lot
Highlights
- Ranch Style House
- Patio
- Laundry Facilities
- Hevel Elementary School Rated A-
- Forced Air Heating and Cooling System
About This Home
As of April 2023Highly desired Downtown Romeo 4 unit income property. Tons of recent capital improvements over the past year. All units are exactly the same, 2bdrm, 1 bath, in-unit laundry. Fully leased with long term tenants. Combined gross monthly rental income is $4,300. rents are: ($1200, $1150, $1000, $900) Annual $51,600. There is room to raise rents about $6,000 annually. Capital improvements include 2 heavily renovated units with new kitchens, baths, flooring, appliances, paint. All units have new exterior doors and all windows. Tenants pay all utilities (water, gas, electric) Landlord expenses include property taxes, building insurance, water softener salt & grounds maintenance. No showings without an accepted offer to avoid disturbing tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1991 | Remodeled in 2021
Lot Details
- 10,890 Sq Ft Lot
- Lot Dimensions are 75.00 x 150.00
Parking
- 8 Parking Spaces
Home Design
- Ranch Style House
- Brick Exterior Construction
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 4 Full Bathrooms
- 3,355 Sq Ft Home
- Crawl Space
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 0402201013
Community Details
Overview
- 4 Units
- Baileys Addition Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Pets Allowed
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
Feb 16, 2023
Closed on
Apr 10, 2023
Sold by
Bought by
Buyer's Agent
Lanie Hardy Cosgrove
KW Domain
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
95
Purchase Details
Closed on
Aug 30, 2021
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
$272,000
Interest Rate
0.028%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 22, 2019
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
$292,000
Interest Rate
0.055%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 25, 2014
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
$165,000
Interest Rate
0.0391%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 29, 2012
Sold by
Bought by
Purchase Details
Closed on
Jan 3, 2006
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $585,000 | Sterling Title Agency | ||
| $342,000 | Minnesota Title | ||
| $316,500 | Century Title Agency Svcs | ||
| $282,500 | Title Source Inc | ||
| $239,499 | None Available | ||
| $282,500 | None Available |
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 | $272,000 | ||
| Previous Owner | $292,000 | ||
| Previous Owner | $165,000 |
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 |
|---|---|---|---|---|
| 04/10/2023 04/10/23 | Sold | $585,000 | -6.4% | $174 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 02/16/2023 02/16/23 | For Sale | $625,000 | 0.0% | $186 / Sq Ft |
| 02/19/2022 02/19/22 | Rented | $1,250 | +4.2% | -- |
| 02/12/2022 02/12/22 | For Rent | $1,200 | -- | -- |
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 |
|---|---|---|---|---|
| 2026 | $6,955 | $164,900 | $0 | $0 |
| 2025 | $9,247 | $159,500 | $0 | $0 |
| 2024 | $88 | $156,200 | $0 | $0 |
| 2023 | $5,639 | $128,300 | $0 | $0 |
| 2022 | $5,579 | $96,000 | $0 | $0 |
| 2021 | $5,415 | $92,100 | $0 | $0 |
| 2020 | $5,682 | $94,500 | $0 | $0 |
| 2019 | $5,110 | $93,200 | $0 | $0 |
| 2018 | $1,275 | $93,200 | $0 | $0 |
| 2017 | $3,608 | $89,800 | $27,500 | $62,300 |
| 2016 | $5,612 | $89,800 | $0 | $0 |
| 2015 | -- | $85,100 | $0 | $0 |
| 2011 | $4,888 | $113,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lanie Hardy Cosgrove
-
M
Buyer's Agent in 2023
Marcia Thorpe
Keller Williams Advantage
-
Jonathan Foukes
Buyer's Agent in 2022
Jonathan Foukes
Move Realty LLC
(586) 405-2327
68 Total Sales
Map
Source: Realcomp
MLS Number: 20230011809
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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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