3 months on rocket

2552 Newport Rd, Newport, MI, 48166

$599,000

55.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #57050150131
Lot Size55.00 Acres
StatusActive

About 2552 Newport Rd

An exceptional investment opportunity with significant potential for return awaits. A large company has secured an option to purchase this property within 3 years for the use of renewable energy production at a price significantly above the price offered by the seller today. The future holds promise whether or not the option is exercised. Key features include its prime location and dual potential. The site is ideally suited for residential development, making it a valuable asset for potential future projects in the event the renewable energy project does not proceed. With only 3 years left on the contract, investors have a clear timeline for decision-making and planning. This property offers a unique blend of immediate potential and long-term value, making it an attractive proposition for forward-thinking investors. Berlin Twp

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Haynes R.E. in Monroe
  • Office Phone: (734) 242-8484
  • Listing Agent: Cole McNew

Lot Features

Lot Information:

  • Lot Size: 55.00 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $526
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, MI.

Med. Sold Price

$299.9K

Med. Price/SqFt

$173

Avg. Days On Market

43

# of Sold Homes

9

2552 Newport Rd vs Newport

115 DAYS ON ROCKET

+72 Days

$599,000

+$299.1K More

KEY TAKEAWAY

This property is $299.1K more than the Median Sold Price in Newport, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Southeastern Border Association of REALTORS®
  • MLS Number: #57050150131

Listing Office:

  • Office Name: Coldwell Banker Haynes R.E. in Monroe
  • Office Phone: (734) 242-8484
  • Listing Agent: Cole McNew

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 15, 2009Home Sold
$65,000
May 24, 2005Home Sold
$1,786,050

Tax History

YEARPROP. TAXASSESSMENT
2021$526$42,100
2020 - $21,600
2019 - $21,200
2018 - $20,200
2017 - $19,400

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-302374
8
/10
  • Henry Niedermeier Elementary School

  • 8400 Newport South Rd

  • 1.20 miles

  • Public District Grades PK-4

school-card-donut-302375
4
/10
  • North Elementary School

  • 8281 N Dixie Hwy

  • 2.73 miles

  • Public District Grades 2-4

school-card-donut-302376
6
/10
  • Joseph C Sterling Elementary School

  • 160 Fessner Rd

  • 3.37 miles

  • Public Magnet Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,464. Typical income of Newport, MI residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2552 Newport Rd

What is the listing price of this property?

The listing price of 2552 Newport Rd property is $599,000.

What type of property is this?

The property 2552 Newport Rd is land located in Newport, Michigan, 48166.

Is this property for sale now?

Active Listing: 2552 Newport Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $526 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 15, 2009 for $65,000. (source: MLS/tax record).

How much acreage is this property?

The property 2552 Newport Rd is 55.00 acres.
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Rocket HomesMichiganMonroe CountyNewport481662552 Newport Rd

This home is located at 2552 Newport Rd in Newport, MI and zip code 48166. This home sits on a 55.00 acre lot. It has been listed on Rocket Homes since July 29, 2024 and is currently priced at $599,000.

Newport, MI housing market in October 2024 saw over 4 listings sold above listed price, more than 2 sold at listed price and over 3 sold below. The number of listings in Newport, MI decreased by 6.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $299,900, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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