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Romulus 48174 Romulus
39125 Chase Street
$90,000
● House - Off Market

39125 Chase Street

Romulus, MI 48174
bedrooms
3 Beds
bathrooms
1 Bath
square feet
906 Ft²
$108,164
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This 3 bedroom ranch has updated roof, siding and windows in 2010. This home is perfect for an investor or handyman and the price reflects condition as comparable homes in the area are selling for $140,000+, no FHA or VA mortgages. The layout features spacious eat-in kitchen and living/dining room combo, large laundry room. The 2+ car garage needs some siding and roof replacement, the cement slab is in great condition, shed attached to rear of garage for more storage/workspace. The oversized backyard backs to a lovely green area. I-275 Metro Walking Trail nearby. Easy access to I-94 and I-275. Sold AS-IS.
Unit Size
906 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1953

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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 #23089603)

Price History

Date / Event Date Event Price
Jan 6, 2022 Sold
Premium
Sold
Oct 30, 2021 Listed by Real Estate One $100,000
Listed by Real Estate One

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 750
  • Total Building Area: 906
  • Building Area: 906
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 906
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUPERVISORS ROMULUS 8
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 19B141A8 W 75 FT OF THE E 600 FT OF LOT 141 SUPERVISORS ROMULUS PLAT NO 8 T3S R9E L68 P54 WCR

Neighborhood

  • School District Name: Romulus Community Schools
  • School Tax School District: ROMULUS
  • Census Tract: 586300

Zoning

  • Zoning: R1B-S.F

Geography

  • Assessors Map Reference: MAPS 74 01 10
  • District: 80
  • Section: 01
  • Parcel: 80 074 01 0141 009
  • Lot: 141
  • Municipality: ROMULUS CITY
  • Latitude: 42.2227
  • Longitude: -83.4214

    Address

  • Full Address: 39125 Chase St
  • Address - House Number: 39125
  • Address - Street Name: Chase
  • Address - Suffix Type: St
  • State: MI
  • City Name: Romulus
  • Carrier Code: C063
  • 4-Digit Zip Code: 1363
  • Zip Code: 48174

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $290,324
  • Tax Rate Code Area: 82130

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 91,074
  • High Value: 132,652
  • Low Value: 49,495

    Market Valuation

  • Market Total Value: $98,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,100

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7451
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: Wayne W Esch, Real Estate One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23089603
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 39125 Chase Street built and last sold?
The property at 39125 Chase Street was built in 1953 and last sold on Jan 3, 2022 for $90,000.
How much is this home worth?
The estimated value of the home located at 39125 Chase Street is $0.
What are some comparable homes to 39125 Chase Street?
There are currently no comparable homes to 39125 Chase Street.
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