NOT LISTED FOR SALE

492 Beechwood St River Rouge, MI 48218

Estimated Value: $44,000 - $95,000

3 Beds
1 Bath
876 Sq Ft
$83/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $22,000 $25 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $472/month

61 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 2-minute walk to Bryant Park

About This Home

As of May 2024

Great investment opportunity nestled in the heart of River Rough. 3 bedroom 1 bathroom with a lot of potential to fix and flip or rent out. Big backyard with a bonus storage structure. Close to shopping, schools and freeways.

Last Agent to Sell the Property

Donovan Clark-Thrash

Vylla Homes License #6501429940 Listed on: 02/18/2024

Vylla Homes

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 45x110

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 876 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1946
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45x110
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 876.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 1111.32
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 876.0
  • Laundry Features In Basement: Yes
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • LivingArea: 876.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 876.0

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 29900.0
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 45x110
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1111.32
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2024
Closed on
May 8, 2024
Sold by
Bankers Trust Company and Vendee Mortgage Trust
Bought by
Berberoglu Ilhan
Seller's Agent
Donovan Clark-Thrash
Vylla Homes
List Price
$29,900
Sold Price
$22,000
Premium/Discount to List
-$7,900
-26.42%
Views
151
Current Estimated Value
$72,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,965
Avg. Annual Appreciation
111.91%
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
Berberoglu Ilhan $22,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $22,000 -26.4% $25 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
02/18/2024 02/18/24 For Sale $29,900 -- $34 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $993 $32,000 $0 $0
2024 $993 $27,600 $0 $0
2023 $752 $21,700 $0 $0
2022 $1,154 $16,800 $0 $0
2021 $1,294 $14,400 $0 $0
2020 $1,106 $12,300 $0 $0
2019 $1,041 $11,100 $0 $0
2018 $1,122 $10,400 $0 $0
2017 $674 $10,500 $0 $0
2016 $1,386 $10,900 $0 $0
2015 $1,310 $13,100 $0 $0
2013 $1,948 $21,900 $0 $0
2012 $1,816 $21,500 $3,500 $18,000
Source: Public Records

Agents Affiliated with this Home

  • Donovan Clark-Thrash

    Seller's Agent in 2024

    Donovan Clark-Thrash

    Vylla Homes

    (248) 307-6907

    1 in this area

    30 Total Sales

    Donovan Clark-Thrash
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24008110

Southwestern Michigan Association of REALTORS®

APN: 50-009-04-0122-000

Michigan Wayne County River Rouge 48218

492 Beechwood St, River Rouge, MI

This home is located at 492 Beechwood St, River Rouge, MI 48218 since 18 February 2024 and is currently estimated at $72,965, approximately $83 per square foot. This property was built in 1946. 492 Beechwood St is a home located in Wayne County with nearby schools including Ann Visger K-5 Preparatory Academy.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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