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Single Family ResidenceResidential
$185,084$193 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $69,000 on Jun 20, 2003

16240 CEDAR WAY ST

ROMULUS, MI 48174
3
Beds
1
Baths
960 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1972
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$185K
$179K low$191K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$69,000 · Jun 20, 2003

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,553 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$73,500 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$69,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$147,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyWAYNE
Lot (acres)The size of the land the home sits on, from county records.0.19
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Halecreek Elementary SchoolD+
Elementary · Grades KG–5 · 0.2 mi
H
Romulus High SchoolD-
High · Grades 9–12 · 4.7 mi
M
Romulus Middle SchoolD-
Middle · Grades 6–8 · 5.6 mi

District: Romulus Community Schools

Neighborhood · ZIP 48174These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.79
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.98
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.26

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.33,133
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.730 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$68,897
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$81,407
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.53%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

16240 Cedar Way St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs more per square foot than 88% of homes in Romulus 48174
  • Smaller than 86% of homes in Romulus 48174
  • Has a bigger lot than 73% of homes in Wayne County
  • Newer than 82% of homes in Wayne County

What homes are worth in Romulus 48174

Each bar is how many homes fall in that price range. The marker is this home.

This home
$98K$454K

This home is worth more than 43% of homes in Romulus 48174.

How it measures up in Romulus 48174

The dot is this home. The mark in the middle is the typical home in Romulus 48174.

Estimated value$185,084
CheaperTypical $198,217Pricier

Pricier than 43% of homes nearby

Price per ft²$193
CheaperTypical $149Pricier

Pricier than 88% of homes nearby

Living area960 ft²
SmallerTypical 1,401 ft²Bigger

Bigger than 14% of homes nearby

Lot size0.19 ac
SmallerTypical 0.23 acBigger

Bigger than 33% of homes nearby

Year built1972
OlderTypical 1971Newer

Newer than 54% of homes nearby

How 16240 Cedar Way St ranks against every home in each area.
MeasureThis homeRomulus 48174Wayne County
Estimated valuepricier than$185,08443% of homes53% of homes
Price per ft²pricier than$19388% of homes73% of homes
Living areabigger than960 ft²14% of homes17% of homes
Lot sizebigger than0.19 ac33% of homes73% of homes
Year builtnewer than197254% of homes82% of homes

About 16240 Cedar Way St

How much is 16240 Cedar Way St, Romulus, MI worth?

The TopHap Estimate for 16240 Cedar Way St, Romulus, MI is $185,084 as of Sep 24, 2026. The likely range is $179,065 to $191,103. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 16240 Cedar Way St, Romulus, MI last sell?

16240 Cedar Way St, Romulus, MI last sold on Jun 20, 2003 for $69,000, according to the county's recorded deed.

How big is 16240 Cedar Way St, Romulus, MI?

16240 Cedar Way St, Romulus, MI has 3 bedrooms, 1 bathrooms, 960 square feet of living space and a 0.19-acre lot.

When was 16240 Cedar Way St, Romulus, MI built?

16240 Cedar Way St, Romulus, MI was built in 1972, making it 54 years old. It is a ranch home. The building has 1 story.

What schools serve 16240 Cedar Way St, Romulus, MI?

16240 Cedar Way St, Romulus, MI is assigned to Halecreek Elementary School (elementary), rated D+; Romulus High School (high), rated D-; Romulus Middle School (middle), rated D-. All sit in Romulus Community Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 16240 Cedar Way St, Romulus, MI compare to other homes in Romulus 48174?

Among the 9,901 homes in Romulus 48174, it is worth more than 43% of them ($185,084 against a typical $198,217), its price per square foot is higher than 88% of them ($193 against a typical $149), it is bigger than 14% of them (960 ft² against a typical 1,401 ft²), its lot is bigger than 33% of them (0.19 ac against a typical 0.23 ac) and it is newer than 54% of them (1972 against a typical 1971). Measured against all of Wayne County, it is worth more than 53% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 16240 Cedar Way St, Romulus, MI?

The 2025 property tax bill for 16240 Cedar Way St, Romulus, MI was $2,553. The county assessed it at $73,500.

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