NOT LISTED FOR SALE

35551 Ronald St Unit 35553 Ronald St Romulus, MI 48174

Estimated Value: $157,000 - $185,000

4 Beds
2 Baths
1,100 Sq Ft
$154/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $154,500 $140 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,132/month

21 Days on Market

About This Home

As of February 2024

Welcome to this charming multi-family home in Romulus, MI, offering an exceptional opportunity for both homeowners and investors. This property boasts two distinct units, each thoughtfully upgraded to provide a comfortable living experience. Both units have undergone a recent transformation, featuring fresh paint that adds a touch of modern elegance to the interiors. Brand new fixtures and carpeting have been installed throughout. The addition of new gas wall furnaces ensures efficient heating, providing warmth and comfort during colder months. The second unit has received additional updates, including a new exterior and storm door, enhancing both curb appeal and security. Inside, the kitchen has been equipped with new cabinets and counter top. The bathroom has been renovated with a new vanity and all interior doors have been replaced. Situated on an expansive 0.87-acre lot, this property offers ample space for outdoor activities. Located in the heart of Romulus, this property benefits from a convenient location with proximity to local amenities, schools, and transportation options. Whether you are looking for a place to call home while generating rental income or seeking a solid investment opportunity, this multi-family residence is a standout choice. Don't miss the chance to own this beautifully updated and versatile property in Romulus, MI. Schedule a showing today and envision the possibilities that await in this turnkey multi-family home.

Last Agent to Sell the Property

Theresa Barton

Key Realty One LLC - S. Dixie License #MCAR-6501328287 Listed on: 01/09/2024

Key Realty One LLC - S. Dixie

Last Buyer's Agent

Theresa Barton

Key Realty One LLC - S. Dixie License #MCAR-6501328287 Listed on: 01/09/2024

Key Realty One LLC - S. Dixie

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1956

Lot Details

  • 0.87

Home Design

  • Ranch Style House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Separate Meters

Additional Features

  • Oven or Range
  • 0.87 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 80-065-99-0016-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,129

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Styles: Ranch
  • Total Tax Amount: 3128.74
  • Total Tax Year: 2023
  • Year Built: 1956
  • Mail City: Romulus
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 1100

Exterior Features

  • Foundation Type: Crawl

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Wall Heat
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessments: 17.09
  • Assessments: Yes
  • Assessor Parcel Number: 80-065-99-0016-002
  • Lot Dimensions: 37897
  • Acreage: 0.87
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,653.11
  • Winter Tax: Year: 2023, Amount: $475.63
  • Total Tax: Year: 2023, Amount: $3,128.74

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Romulus Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Feb 12, 2024
Sold by
Yeager Patricia D
Bought by
Kachare Vaibhav
Seller's Agent
Theresa Barton
Key Realty One LLC - S. Dixie
Buyer's Agent
Theresa Barton
Key Realty One LLC - S. Dixie
List Price
$149,900
Sold Price
$154,500
Premium/Discount to List
$4,600
3.07%
Views
49
Current Estimated Value
$169,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,128
Avg. Annual Appreciation
5.72%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kachare Vaibhav $154,500 Lawyers Title
Kachare Vaibhav $154,500 Lawyers Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2024 02/12/24 Sold $154,500 +3.1% $140 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $149,900 -- $136 / 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 $2,784 $57,600 $0 $0
2024 $2,784 $48,900 $0 $0
2023 $2,653 $46,800 $0 $0
2022 $461 $43,600 $0 $0
2021 $2,895 $41,700 $0 $0
2020 $2,837 $41,700 $0 $0
2019 $2,810 $41,000 $0 $0
2018 $2,026 $39,200 $0 $0
2017 $1,017 $39,200 $0 $0
2016 $2,544 $39,500 $0 $0
2015 $3,850 $38,500 $0 $0
2013 $4,870 $52,400 $0 $0
2012 $1,696 $51,100 $14,700 $36,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50131134

Michigan Multiple Listing Service

APN: 80-065-99-0016-002