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Romulus 48174 Romulus
15550 Harrison
$106,000
● House - Off Market

15550 Harrison

Romulus, MI 48174
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,824 Ft²
$124,535
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Discover this three-bedroom, two-bathroom house with newer windows. Full basement with an extra bathroom in the basement. Nestled in a supremely convenient location close to major highways, it offers seamless accessibility. What's more, this property is already home to happy tenants, presenting an exhilarating opportunity for savvy investors.
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$69
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23127861)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold
Premium
Sold
Sep 13, 2023 Listed by IKL Real Estate LLC $125,000
Listed by IKL Real Estate LLC
Dec 7, 2018 Sold
Premium
Sold
Sep 22, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 888
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 733
  • Total Building Area: 888
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENVIEW SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 36A210 LOT 210 GREENVIEW SUB T3SR9E L91 P30 32 WCR

Neighborhood

  • School District Name: Romulus Community Schools
  • School Tax School District: ROMULUS
  • Census Tract: 586201

Zoning

  • Zoning: R1B-S.F

Geography

  • Assessors Map Reference: MAPS 142 07 14
  • District: 80
  • Section: 01
  • Parcel: 80 142 01 0210 000
  • Lot: 210
  • Municipality: ROMULUS CITY
  • Latitude: 42.1916
  • Longitude: -83.316

    Address

  • Full Address: 15550 Harrison
  • Address - House Number: 15550
  • Address - Street Name: Harrison
  • State: MI
  • City Name: Romulus
  • Carrier Code: C069
  • 4-Digit Zip Code: 3066
  • Zip Code: 48174

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $240,342
  • Tax Rate Code Area: 82130

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 88,135
  • High Value: 128,371
  • Low Value: 47,898

    Market Valuation

  • Market Total Value: $105,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,500

    Sales

  • Current Sale Contract Date: Oct 13, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 266435
  • Previous Sale Recording Date: Dec 07, 2018
  • Previous Sale Contract Date: Nov 29, 2018
  • Previous Sale Amount: $74,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Romulus

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$163

Above Asking

0.00%

Average Days on Market

55

Average Home Size

1341 ft²

Average Home Age

45.2 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Imran K Lateef, IKL Real Estate LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23127861
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 15550 Harrison built and last sold?
The property at 15550 Harrison was built in 1969 and last sold on Oct 13, 2023 for $106,000.
How much is this home worth?
The estimated value of the home located at 15550 Harrison is $136,315.
What are some comparable homes to 15550 Harrison?
There are currently no comparable homes to 15550 Harrison.
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