500 Romeo Road #122
Rochester, MI 48307
Condominium · MLS # 20251043383 · Listing courtesy of KW Metro
About this home
Nice move-in ready condo located with walking distance to downtown Rochester shopping and dining. This second-floor ranch style condo includes nice size bedrooms and a living room with beautiful courtyard views. The kitchen is very clean and has the perfect set up for meal prep. You will appreciate the in-unit washer and dryer combo and a community basement with plenty of storage room. Relax and enjoy spending time at the park across the street. The monthly HOA includes gas heat, water, outside maintenance and building maintenance. FOR INVESTORS...THE CONDO IS RENTABLE. - THIS IS A MUST-SEE OPPORTUNITY!!! Back on the market due to the length of time, it is taking the Foreign Sellers to obtain the ITIN number from the IRS. All paperwork has been submitted and expecting it around December 1, 2026. All other title work is approved.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Rochester
Over the last 90 days, 86 homes sold in Rochester for a median of $548,750, about $198 per square foot, and the typical one went under contract in 13 days. This home is listed at $155,000, or $190 per square foot, 4% below the city median, and has been on the market 287 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Rochester sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,421 a year. A buyer who lives here would pay about $912 to $2,538 a year once the taxable value resets after the sale, at the 2025 homestead rate of 32.42 mills for Rochester City and Rochester schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Rochester
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 1:25 AM.