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Wayne 48111
51180 Martz Road
$130,000
● House - Off Market

51180 Martz Road

Belleville, MI 48111
bedrooms
2 Beds
bathrooms
1 Bath
square feet
972 Ft²
$187,207
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

This cozy 2 bedroom 1 bath home offers you an opportunity to enjoy the feel of the country, with only minutes away from the amenities the city has to offer.   This home has original hardwood floors.  The dining room has an open access to enjoy the attached family room which contains a gas fireplace.   There is a 2 car detached garage and a driveway that allows you the comfort and ease of leaving the home.    This home sits in just under 1 acre of land.
Unit Size
972 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$144
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1943

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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 #23124090)

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold
Premium
Sold
Oct 15, 2020 Sold
Premium
Sold
Sep 28, 2020 Listed by Coldwell Banker Realty Ann Arbor $140,000
Listed by Coldwell Banker Realty Ann Arbor

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • 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: 972
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,333
  • Lot Size Depth Feet: 2,360
  • Lot Size Frontage Feet: 1,620
  • Total Building Area: 972
  • Building Area: 972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 972
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 31G2 PART OF NW 1/4 OF SEC 31 BEG E 558.90FT FROM W 1/4 COR OF SEC 31 TH N 268.89FT TH E 162FT TH S 268.89FT TH W 162FT POB

Neighborhood

  • School District Name: Lincoln Consolidated School District
  • School Tax School District: LINCOLN
  • Census Tract: 588300

Zoning

  • Zoning: M2 GEN

Geography

  • District: 83
  • Section: 31
  • Parcel: 83 122 99 0015 000
  • Lot: 0015
  • Municipality: VAN BUREN TWP
  • Latitude: 42.1821
  • Longitude: -83.54

    Address

  • Full Address: 51180 Martz Rd
  • Address - House Number: 51180
  • Address - Street Name: Martz
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Van Buren Township
  • Carrier Code: C004
  • 4-Digit Zip Code: 4287
  • Zip Code: 48111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $371,088
  • Tax Rate Code Area: 81070

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 188,515
  • High Value: 274,579
  • Low Value: 102,450

    Market Valuation

  • Market Total Value: $183,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,600

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020332486
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:

$189,900

Sale Price/ft²

$147

Above Asking

0.35%

Average Days on Market

56

Average Home Size

4542 ft²

Average Home Age

79.7 years

Currently For Sale

578 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

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MichRIC

Listed by: Samuel S Vail, Coldwell Banker Realty Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23124090
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 51180 Martz Road built and last sold?
The property at 51180 Martz Road was built in 1943 and last sold on Oct 15, 2020 for $130,000.
How much is this home worth?
The estimated value of the home located at 51180 Martz Road is $0.
What are some comparable homes to 51180 Martz Road?
There are currently no comparable homes to 51180 Martz Road.
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