NOT LISTED FOR SALE

4804 S Wayne Rd Wayne, MI 48184

Estimated Value: $179,000 - $199,000

4 Beds
3 Baths
1,469 Sq Ft
$129/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $179,900 $122 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,398/month

30 Days on Market

About This Home

As of May 2024

THREE UNIT INVESTMENT OPPORTUNITY. UPDATES THAT HAVE BEEN DONE INCLUDE: ROOF, SIDING, GUTTERS, ELECTRICAL PANELS, MOSTLY UPDATED WALLSIDE WINDOWS, CARPET AND OTHER FLOORING. NEWER STAIRCASE LEADING TO UPSTAIRS UNIT. RENT PER MONTH THREE UNITS GENERATE AT THIS TIME: $690, $700 AND $700. HOME ALSO OFFERS GOOD SIZE BASEMENT FOR SOME ADDED STORAGE. LARGE BACKYARD AND PLENTY OF PARKING SPACE. LOCATION OF HOME IS MINUTES FROM I-275, I-94 AND THE AIRPORT. EACH UNIT HAS ITS OWN SEPARATE ELECTRICAL METER. TWO UNITS ARE CURRENTLY RENTED OUT WITH EACH TENANT ON MONTH TO MONTH LEASES. DUE TO TENTANTS A 24 HOURS ADVANCE NOTICE IS REQUIRED FOR VIEWINGS.

Last Agent to Sell the Property

Ed LaRoche

Vision Realty Centers License #6501268536 Listed on: 02/25/2024

Last Buyer's Agent

Eric Miller

RE/MAX Complete License #6501370340

RE/MAX Complete

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 80.00 x 102.20

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 1,469 Sq Ft Home
  • 1.5-Story Property
  • Basement

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 55016020038302

Community Details

Overview

  • 3 Units
  • Supervisors Nankin Plat No 1 Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 1 1/2 Story
  • Assessment: 139.00
  • Year Built: 1900
  • State Equalized Value: 65900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Sq Ft Combined: 1469
  • Total Sq Ft: 1469
  • Sq Ft Total Bsmt: 553

Exterior Features

  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl
  • Frontage Feet: 80
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Wayne-Westland

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 80.00 x 102.20
  • Parcel Number: 55016020038302
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Water
  • Monthly Rental Income: 2090

Tax Info

  • Tax Amount Summer: 4217.0000
  • Tax Amount Winter: 436.0000
  • Total Tax: 4653.0000
  • Taxable Value: 65900.0000

Multi Family

  • Gross Scheduled Income: 25080.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2024
Closed on
May 13, 2024
Sold by
Neino Andrew
Bought by
El-Hallani Khoder
Seller's Agent
Ed LaRoche
Vision Realty Centers
Buyer's Agent
Eric Miller
RE/MAX Complete
List Price
$179,900
Sold Price
$179,900
Views
107
Current Estimated Value
$189,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,121
Avg. Annual Appreciation
4.80%
Original Mortgage
$170,905
Outstanding Balance
$169,281
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$21,932

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 16, 2022
Sold by
Cooley And Cooley Investments Llc
Bought by
Neino Andrew
Seller's Agent
Dakota Cooley
Cooley Real Estate
Buyer's Agent
Patrick Thierry
Keller Williams Advantage
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.53%
Original Mortgage
$97,500
Interest Rate
5.54%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 2, 2015
Sold by
Cooley Gerald L and Cooley Karen K
Bought by
Cooley & Cooley Investments Llc

Purchase Details

Listed on
Oct 21, 2014
Closed on
Mar 20, 2015
Sold by
Rakotz Richard W and Rakotz Carolyn C
Bought by
Cooley Karen K and Cooley Gerald L
Seller's Agent
Joseph Darwish
RE/MAX Team 2000
Buyer's Agent
Dakota Cooley
Realty Experts, LLC
List Price
$59,900
Sold Price
$49,000
Premium/Discount to List
-$10,900
-18.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.92%
Original Mortgage
$36,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2010
Sold by
Rakotz Richard W and Rakotz Carolyn C
Bought by
Rakotz Richard W and Rakotz Carolyn C
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
El-Hallani Khoder $179,900 Reputation First Title
Neino Andrew $130,000 None Listed On Document
Cooley & Cooley Investments Llc -- American Title Co Of Jackson
Cooley Karen K $49,000 None Available
Rakotz Richard W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open El-Hallani Khoder $170,905
Previous Owner Neino Andrew $97,500
Previous Owner Cooley Ii Gerald L $36,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $179,900 0.0% $122 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/24/2024 03/24/24 Price Changed $179,900 0.0% $122 / Sq Ft
03/24/2024 03/24/24 For Sale $179,900 -2.8% $122 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/25/2024 02/25/24 For Sale $185,000 +42.3% $126 / Sq Ft
08/16/2022 08/16/22 Sold $130,000 -13.3% $88 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $149,900 0.0% $102 / Sq Ft
04/01/2020 04/01/20 Rented $625 0.0% --
03/17/2020 03/17/20 Under Contract -- -- --
03/04/2020 03/04/20 For Rent $625 +21.4% --
07/01/2018 07/01/18 Rented $515 0.0% --
06/13/2018 06/13/18 Under Contract -- -- --
06/10/2018 06/10/18 For Rent $515 +4.0% --
03/09/2017 03/09/17 Rented $495 0.0% --
03/01/2017 03/01/17 Under Contract -- -- --
02/10/2017 02/10/17 For Rent $495 0.0% --
03/20/2015 03/20/15 Sold $49,000 -18.2% $33 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
10/21/2014 10/21/14 For Sale $59,900 -- $41 / Sq Ft
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
2025 $4,421 $78,800 $0 $0
2024 $4,421 $74,100 $0 $0
2023 $4,217 $65,900 $0 $0
2022 $2,834 $58,500 $0 $0
2021 $2,772 $55,100 $0 $0
2020 $3,213 $47,600 $0 $0
2019 $2,287 $45,300 $0 $0
2018 $2,177 $36,000 $0 $0
2017 $783 $34,700 $0 $0
2016 $2,595 $32,900 $0 $0
2015 $3,078 $31,700 $0 $0
2013 $3,170 $32,900 $0 $0
2012 -- $33,700 $10,600 $23,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Ed LaRoche

    Vision Realty Centers

    (313) 929-1115

    1 in this area

    40 Total Sales

    Ed LaRoche
    Section Image
  • Eric Miller

    Buyer's Agent in 2024

    Eric Miller

    RE/MAX

    (313) 909-0249

    1 in this area

    87 Total Sales

    Eric Miller
    Section Image

  • D

    Seller's Agent in 2022

    Dakota Cooley

    Cooley Real Estate

    Section Image
  • Patrick Thierry

    Buyer's Agent in 2022

    Patrick Thierry

    Keller Williams Advantage

    (313) 713-9449

    3 in this area

    78 Total Sales

    Patrick Thierry
    Section Image

  • B

    Seller's Agent in 2017

    Brad Jordan

    Realty Experts, LLC

    Section Image
  • Joseph Darwish

    Seller's Agent in 2015

    Joseph Darwish

    RE/MAX

    (313) 375-9688

    108 Total Sales

    Joseph Darwish
    Section Image
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Map

Source: Realcomp

MLS Number: 20240011362

Realcomp

APN: 55-016-02-0038-302

Michigan Wayne County Wayne 48184

4804 S Wayne Rd, Wayne, MI

This home is located at 4804 S Wayne Rd, Wayne, MI 48184 since 25 February 2024 and is currently estimated at $189,021, approximately $128 per square foot. This property was built in 1900. 4804 S Wayne Rd is a home located in Wayne County with nearby schools including Roosevelt/Mcgrath Elementary School, Benjamin Franklin Middle School, and Adams Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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