27705 7th MileLivonia, MI 48152

  • Specialty properties
  • 2,982 SF
Off market
$5,410,060 Estimated

Property Details for 27705 7th Mile

Year built
1917
Lot size
0.54 AC
Property size (Sq ft)
2,982 SF
Property type
Specialty properties
APN
46 045 01 0018 004
APU
46045010018004

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $578,547
    6.5%
    $534,043
    7%
    $495,897
  • Comparable approach

    Method
    Valuation
    Relative Method
    $278,936
    Geo Method
    $278,936
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,037,490
    Retail / Commercial
    $534,743
    Mixed-Use / Specialty
    $534,984
    Hospitality / Lodging
    $395,297
    Office
    $534,043
    Institutional / Educational
    $556,936
    Residential Income
    $651,615
    Multifamily
    $769,604
    Automotive / Energy
    $477,373
    Parking / Income-Based Land
    $162,614
    Restaurant / Food Service
    $282,833
    Healthcare / Senior Housing
    $546,414

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.4271
Longitude
-83.3204
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,152
-
-
$229,600
-
-
-
$459,200

FAQs

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