NOT LISTED FOR SALE

58500 Romeo Plank Rd Ray, MI 48096

Estimated Value: $186,441 - $262,000

3 Beds
1 Bath
1,400 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 15, 2018

Last sale price $100,000 $71 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $1,305/month

71 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Porch
  • Hevel Elementary School Rated A-
  • Den
  • Living Room

About This Home

As of August 2018

RARE OPPORTUNITY to acquire 216 feet of frontage with natural gas on Romeo Plank, on nearly an acre in the “mixed use” zoning district of Davis. This is a very small district, allowing all B-1 Local Business usages or continued use as residential, or retail/office/service/professional and several other special approval usages. The existing home (about 1400 sq ft with the enclosed front porch) requires rehab, but has a newer roof and vinyl windows; original hardwood and pine plank flooring; newer furnace/ductwork (all ceiling damage was PRIOR to roof replacement). Utilities have always remained on. Existing well and septic are functional. The outbuildings are in decent shape and consist of a main barn (two story 24 x 40 with small lean-to; concrete and electric with a main floor ceiling height about 7 feet and upstairs ceiling about 6 feet). North building is 10 x 18 with a 7 x 14 enclosed lean-to. Hardly ANY parcels ever come up for sale in this district; great investment property.

Last Agent to Sell the Property

Brian Luck

KW Platinum License #MISPE-6506044231 Listed on: 05/19/2018

KW Platinum

Last Buyer's Agent

Brian Luck

KW Platinum License #MISPE-6506044231 Listed on: 05/19/2018

KW Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 216 x 168 x 223 x 174

Home Design

  • Bungalow
  • Asbestos

Interior Spaces

  • 1,400 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Den

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Michigan Basement
  • Sump Pump

Outdoor Features

  • Shed
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 05-32-151-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,177

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Bungalow
  • Structure Style: 1 1/2 Story
  • Flood Insurance: Not Required
  • Flood Plain: Unknown
  • Total Tax Amount: 1177
  • Total Tax Year: 2017
  • Mail City: Ray
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Sump Pump
  • Basement: Yes
  • Basement: MI Basement, Sump Pump
  • Bedrooms: 3
  • Bedroom 1: On Main Floor, Dimensions: 12 x 10
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On Upper Floor, Dimensions: 17 x 14
  • Bedroom 2 Floor Covering: Wood
  • Bedroom 3: On Upper Floor, Dimensions: 13 x 12
  • Bedroom 3 Floor Covering: Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 8 x 7, On Level: Main
  • Room Types: Den/Study/Lib, First Floor Bedroom, Living Room
  • Dining Room: On Main Floor, Dimensions: 13 x 12
  • Dining Room Floor Covering: Wood
  • Kitchen: On Main Floor, Dimensions: 13 x 11
  • Kitchen Floor Covering: Linoleum
  • Library Den: On Main Floor, Dimensions: 13 x 4
  • Library Den Floor Covering: Wood
  • Living Room: On Main Floor, Dimensions: 17 x 14
  • Living Room Floor Covering: Wood
  • Other Room1: Dimensions: 21x6, On Level: Main, Flooring: Wood
  • Below Grade Sq Ft: 100
  • Above Grade Finished Sq Ft: 1400

Exterior Features

  • Exterior: Asbestos
  • Exterior Features: Porch
  • Foundation: Michigan Basement
  • Frontage: 216
  • Road: City/County, Paved Street
  • Sideof Street: E
  • Out Buildings: Barn, Shed

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Private Well

Lot Info

  • Assessor Parcel Number: 05-32-151-003
  • Zoning: Commercial, Mixed Use, Professional Office, Residential
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Treed
  • Lot Dimensions: 216 x 168 x 223 x 174
  • Acreage: 0.86
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2017, Amount: $935.00
  • Winter Tax: Year: 2017, Amount: $242.00
  • Total Tax: Year: 2017, Amount: $1,177.00

MLS Schools

  • School District: Romeo Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2018
Closed on
Aug 15, 2018
Sold by
Redd Leo C and Leo C Redd Revocable Trust
Bought by
Dikaj Marash M
Seller's Agent
Brian Luck
KW Platinum
Buyer's Agent
Brian Luck
KW Platinum
List Price
$145,000
Sold Price
$100,000
Premium/Discount to List
-$45,000
-31.03%
Current Estimated Value
$227,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,054
Avg. Annual Appreciation
12.54%

Purchase Details

Closed on
Jan 2, 2014
Sold by
Redd Leo C and Mcgarry Kimberly
Bought by
Leo C Redd Revocable Living Trust

Purchase Details

Closed on
Nov 18, 2004
Sold by
Redd Leo Charles and Redd Gloria M
Bought by
Redd Leo Charles and Mcgarry Kimberly
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dikaj Marash M $100,000 None Available
Leo C Redd Revocable Living Trust -- None Available
Redd Leo Charles -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2018 08/15/18 Sold $100,000 -20.0% $71 / Sq Ft
07/29/2018 07/29/18 Pending -- -- --
06/26/2018 06/26/18 Price Changed $125,000 -13.8% $89 / Sq Ft
05/19/2018 05/19/18 For Sale $145,000 -- $104 / 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 $1,564 $80,500 $0 $0
2024 $12 $70,000 $0 $0
2023 $1,363 $62,000 $0 $0
2022 $1,363 $51,900 $0 $0
2021 $1,339 $52,500 $0 $0
2020 $1,294 $48,600 $0 $0
2019 $1,175 $51,100 $0 $0
2018 $1,227 $56,300 $0 $0
2017 $1,178 $54,800 $22,500 $32,300
2016 $1,175 $54,800 $0 $0
2015 -- $53,303 $0 $0
2012 -- $47,549 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Luck

    Seller's Agent in 2018

    Brian Luck

    KW Platinum

    (586) 770-4827

    84 Total Sales

    Brian Luck
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31347967

Michigan Multiple Listing Service

APN: 21-05-32-151-003

Michigan Macomb County Ray 48096

58500 Romeo Plank Rd, Ray, MI

Not Listed for Sale

Detached

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Michigan Multiple Listing Service Source MLS: MiRealSource
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