2829 Oakwood Blvd Melvindale, MI 48122-1242
Property profile & analytics
2829 Oakwood Blvd, Melvindale, MI 48122-1242
- Motels
- 5,962 SF
- 0.41 lot acres
Property ID
US43-2357788
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Melrose Motel / Hotel & Motel
- Melrose Inn & Suites / Hotel & Motel
Property Details for 2829 Oakwood Blvd
- Year built
- 1954
- Lot size
- 0.41 lot acres
- Zone code
- R1 1 FA
- Property type
- Motels
- APN
- 47 006 01 0330 301
- APU
- 47006010330301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 30, 2021 | $725,000 | Jai Capital LLC | Leo Capital Ml LLC | Warranty Deed | $625k · State Bank Of Texas |
| Dec 16, 2019 | $300,000 | Leo Capital Ml LLC | Damini Ents INC | Grant Deed | $4.9M · Gaytri Group LLC |
| Sep 18, 2012 | — | Damini Ents INC | Patel,mahesh & Shila | Quit Claim Deed · related | — |
| Jul 3, 2012 | $470,000 | Damini Enterprises INC | Nancy A Damnjanovic | Warranty Deed | $150k · National Republic Bank Of Chicago |
| — | — | Damini Ents INC | — | Loan Modification · related | $150k · Private Individual |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $730,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $479,000
- AI Estimate
- $479,000
Market price range: $184k - $581kMarket price range: $184k - $581k -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $370,000 Current use
- COMMERCIAL (GENERAL)
- $655,000 Change: +77% Conversion: Difficult
- RESTAURANT
- $615,000 Change: +67% Conversion: Difficult
- OFFICE BUILDING
- $580,000 Change: +56% Conversion: Difficult
- MEDICAL BUILDING
- $560,000 Change: +52% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $475,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $455,000 Change: +23% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Longitude
- -83.172
- Latitude
- 42.2829
- 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
$14,764
$0.00
$0.00
$175,900
-
$0.00
$0.00
$351,800
