NOT LISTED FOR SALE

5614 S Wayne Rd Wayne, MI 48184

Estimated Value: $150,626 - $191,000

3 Beds
2 Baths
1,178 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $109,450 $93 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,114/month

55 Days on Market

Highlights

  • 0.63 Acre Lot
  • Forced Air Heating System
  • Garage
  • Covered Patio or Porch
  • Ceiling Fan

About This Home

As of January 2022

Attention Investors! Check this cute, clean 2 family income! 1 unit - 2 beds the other 1 bed, 2 baths & already rented month to month. Please note the big garage & awesome lot 131 X 206. Call for appt.

Last Agent to Sell the Property

Jeff Darwish

RE/MAX Team 2000 License #6501208186 Listed on: 11/13/2021

RE/MAX Team 2000

Last Buyer's Agent

Larry Konyha

BHHS Select Real Estate License #RCO-6501385744

BHHS Select Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 130.70x205.90

Parking

  • Garage

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,178 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 55016050091005

Community Details

Overview

  • 2 Units
  • Supervisors Nankin Plat No 2 Subdivision

Pet Policy

  • The building has rules on how big a pet can be within a unit

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: 2 Story
  • Year Built: 1900
  • State Equalized Value: 64000.0000
  • Pets Allowed: Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 1178

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 182380.9500
  • Lot Size Area: 0.63
  • Lot Dimensions: 130.70X205.90
  • Parcel Number: 55016050091005
  • Zone Conform: Yes
  • Zoning: Multiple

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 975

Tax Info

  • Tax Amount Summer: 2731.0000
  • Tax Amount Winter: 951.0000
  • Total Tax: 3682.0000
  • Taxable Value: 42290.0000

Multi Family

  • Gross Scheduled Income: 11700.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Jan 14, 2022
Sold by
Richard W And Carolyn C Rakotz Revocable
Bought by
Nagaoka Justin
Seller's Agent
Jeff Darwish
RE/MAX Team 2000
Buyer's Agent
Larry Konyha
BHHS Select Real Estate
List Price
$114,900
Sold Price
$109,450
Premium/Discount to List
-$5,450
-4.74%
Current Estimated Value
$178,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,457
Avg. Annual Appreciation
13.21%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Jun 5, 2015
Sold by
The Richard W & Carolyn C Rakotz Revocab
Bought by
World Of Property Mansfield Llc
Seller's Agent
Joseph Darwish
RE/MAX Team 2000
Buyer's Agent
Kristy Horne
RE/MAX Dream Properties
List Price
$59,900
Sold Price
$53,000
Premium/Discount to List
-$6,900
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.58%
Original Mortgage
$43,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nagaoka Justin $109,450 Title One
World Of Property Mansfield Llc $53,000 Title One Inc
Rakotz Richard W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner World Of Property Mansfield Llc $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2022 01/14/22 Sold $109,450 -4.7% $93 / Sq Ft
01/08/2022 01/08/22 Pending -- -- --
11/13/2021 11/13/21 For Sale $114,900 +116.8% $98 / Sq Ft
06/05/2015 06/05/15 Sold $53,000 -11.5% $45 / Sq Ft View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
10/21/2014 10/21/14 For Sale $59,900 -- $51 / 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 $5,515 $91,300 $0 $0
2024 $5,326 $86,900 $0 $0
2023 $5,081 $79,400 $0 $0
2022 $3,212 $67,200 $0 $0
2021 $3,141 $64,000 $0 $0
2020 $3,660 $53,100 $0 $0
2019 $2,665 $49,100 $0 $0
2018 $2,737 $40,800 $0 $0
2017 $701 $39,800 $0 $0
2016 $2,671 $38,500 $0 $0
2015 $3,530 $35,300 $0 $0
2013 $3,670 $37,600 $0 $0
2012 -- $38,400 $21,000 $17,400
Source: Public Records

Agents Affiliated with this Home

  • Jeff Darwish

    Seller's Agent in 2022

    Jeff Darwish

    RE/MAX

    (313) 999-3699

    1 in this area

    211 Total Sales

    Jeff Darwish
    Section Image
  • Larry Konyha

    Buyer's Agent in 2022

    Larry Konyha

    BHHS Select Real Estate

    (313) 949-5881

    2 in this area

    5 Total Sales

    Larry Konyha
    Section Image
  • Joseph Darwish

    Seller's Agent in 2015

    Joseph Darwish

    RE/MAX

    (313) 375-9688

    105 Total Sales

    Joseph Darwish
    Section Image
  • Kristy Horne

    Buyer's Agent in 2015

    Kristy Horne

    RE/MAX Dream Properties

    (734) 564-8375

    4 in this area

    146 Total Sales

    Kristy Horne
    Section Image
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Map

Source: Realcomp

MLS Number: 2210094982

Realcomp

APN: 55-016-05-0091-005

Michigan Wayne County Wayne 48184

5614 S Wayne Rd, Wayne, MI

Not Listed for Sale

MultiFamily

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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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