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Wayne 48184 Wayne
5013 Niagara Street
$140,000
● House - Off Market

5013 Niagara Street

Wayne, MI 48184
bedrooms
3 Beds
bathrooms
1 Bath
square feet
843 Ft²
$129,090
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

This home is on a fenced corner lot with a massive 2.5 car garage. Lovingly cared for and owned by the same family since the 1960's. The bathroom and kitchen are recently remodeled. Conveniently located near schools, parks and a ten minute drive to the airport. The kitchen has laminate floors, wood floors in all bedrooms and living rooms. The updated bath features ceramic tile. There's a new furnace, and central air conditioning. Enjoy the front porch or barbecue on the back pavers. A great home at a great price. Newer mechanicals and the landscaping has just been freshened up. A great starter home or add this house to your rental portfolio., Rec Room: Finished
Unit Size
843 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$154
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1954

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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: 3 years ago (MichRIC MLS #23127595)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 3, 2023 Listed by Coldwell Banker Realty Ann Arbor $129,900
Listed by Coldwell Banker Realty Ann Arbor

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 720
  • Garage Type: 7
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 400
  • Total Building Area: 843
  • Building Area: 843
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 843
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AVONDALE SUB
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 34F1022 LOT 1022 AVONDALE SUB NO. 5 T2S R9E L60 P57 WCR

Neighborhood

  • School District Name: Wayne-Westland Community School District
  • School Tax School District: WAYNE-WESTLAND
  • Census Tract: 566900

Geography

  • District: 55
  • Section: 01
  • Parcel: 55 024 01 1022 000
  • Lot: 1022
  • Municipality: WAYNE CITY
  • Latitude: 42.2726
  • Longitude: -83.3539

    Address

  • Full Address: 5013 Niagara St
  • Address - House Number: 5013
  • Address - Street Name: Niagara
  • Address - Suffix Type: St
  • State: MI
  • City Name: Wayne
  • Carrier Code: C005
  • 4-Digit Zip Code: 2639
  • Zip Code: 48184

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $117,202
  • Tax Rate Code Area: 82160

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 74,566
  • High Value: 108,608
  • Low Value: 40,523

    Market Valuation

  • Market Total Value: $83,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 254394
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

Unit for rent at 1735 Meadow Lane, Inkster, MI, 48141

$1,550 /mo

  • 3 Beds
  • 1 Bath
  • 1,026 ft²
1735 Meadow Lane, Inkster, MI, 48141 Listing by Ehsan Ouza

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Samuel S Vail, Coldwell Banker Realty Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23127595
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 5013 Niagara Street built and last sold?
The property at 5013 Niagara Street was built in 1954 and last sold on Sep 27, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 5013 Niagara Street is $131,512.
What are some comparable homes to 5013 Niagara Street?
There are currently no comparable homes to 5013 Niagara Street.
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