6130 WAYNE Road
Romulus, MI 48174
Unimproved Land · MLS # 219001314 · Listing courtesy of St. Arnold Commerical Realty
About this home
This 11.7 acre parcel is zoned C2. In addition, it is Master planned Multi-family residential, giving the buyer the potential to develop the property for uses allowed within the C2 zoning district or to develop the property for multi-family residential use (e.g. apartments or condos) or to split the parcel for mixed use. The parcel was appraised by a Commercial Real Estate Appraiser (not a broker) for $195,000. The asking price is the price this land was appraised for. This parcel is the lowest for property zone C2 in the surrounding 342 square miles. The parcel is traversed by a county drain. No vertical development (e.g. a building) is allowed over the drain area, but horizontal development ( e.g. a road) is allowed. This site is in close proximity to the 84 acre Amazon Distribution Center in Romulus that is expected to bring in excess of 1,600 new jobs to the city and an economic impact of over 10.2 billion dollars to the city. This location has a traffic count of nearly 16,000 cars per day, Median Household Income of $44,000 and proximity to I-94 of 2.25 miles.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Romulus
Over the last 90 days, 61 homes sold in Romulus for a median of $225,000, about $141 per square foot, and the typical one went under contract in 19 days. This home is listed at $195,000, and has been on the market 2826 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Romulus sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $12,005 a year. A buyer who lives here would pay about $8,857 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.69 mills for Romulus City and Romulus 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 when listed. Ask us for a lender quote.
Location
Similar homes in Romulus
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