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Wayne 48184 Wayne
34805 Chestnut Street
$237,200
● House - Off Market

34805 Chestnut Street

Wayne, MI 48184
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,950 Ft²
$1,417
Est. Monthly
6.06%
Cap Rate
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$124
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1933

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MichRIC MLS #25013877)

Price History

Date / Event Date Event Price
Apr 4, 2025 Sold
Premium
Sold
Feb 25, 2025 Listed by ERA Reardon Realty $241,500
Listed by ERA Reardon Realty
May 23, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 20
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 700
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,374
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANGWORTHY SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 28U27 LOT 27 LANGWORTHY SUB T2S R9E L37 P42 WCR

Neighborhood

  • School District Name: Wayne-Westland Community School District
  • School Tax School District: WAYNE-WESTLAND
  • Census Tract: 566500

Geography

  • District: 55
  • Section: 08
  • Parcel: 55 003 08 0027 000
  • Lot: 27
  • Municipality: WAYNE CITY
  • Latitude: 42.2874
  • Longitude: -83.3815

    Address

  • Full Address: 34805 Chestnut St
  • Address - House Number: 34805
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MI
  • City Name: Wayne
  • Carrier Code: C004
  • 4-Digit Zip Code: 1205
  • Zip Code: 48184

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $221,024
  • Tax Rate Code Area: 82160

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 160,315
  • High Value: 233,504
  • Low Value: 87,125

    Market Valuation

  • Market Total Value: $158,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 15, 2000
  • Current Sale Recording Date: May 23, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Wayne

Stats & Trends

Median Asking:

$174,950

Sale Price/ft²

$140

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1006 ft²

Average Home Age

82.7 years

Currently For Sale

3 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: Michelle Epperly, ERA Reardon Realty
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25013877
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 34805 Chestnut Street built and last sold?
The property at 34805 Chestnut Street was built in 1933 and last sold on Mar 15, 2000 for $137,500.
How much is this home worth?
The estimated value of the home located at 34805 Chestnut Street is $0.
What are some comparable homes to 34805 Chestnut Street?
There are currently no comparable homes to 34805 Chestnut Street.
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