NOT LISTED FOR SALE

1016 Kelley St Troy, MI 48083

Estimated Value: $429,000 - $548,000

4 Beds
4 Baths
2,070 Sq Ft
$230/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $275,000 $133 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,979/month

83 Days on Market

Highlights

  • 1-Story Property
  • Morse Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2019

LAND CONTRACT Terms available with good offer! Rare Troy duplex with Troy schools. 1987 built ranch style property features 2 BR 1.5 Baths for each unit. Open concept layout features an oak kitchen with all appliances, dining space and spacious living room. Private laundry/ utility room with forced air gas furnaces and central air. Two good sized bedrooms adjacent the full hallway bathroom. Each unit features a formal front entrance, and side mud hall entrance adjacent the 1/2 bathroom. Both units are currently leased on month-to-month leases with long term tenants paying well below market rents. Separate driveway parking and meters for each unit. Roof replaced in 2016. Vinyl windows. Please do not approach tenants. Current market rents should be around $1200-1350 per unit. Limited showing times allowed each week, please contact agent.

Last Agent to Sell the Property

Lori Anderson

RE/MAX Classic License #6506047102 Listed on: 03/23/2019

RE/MAX Classic

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1987

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80.00x123.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 2,070 Sq Ft Home
  • 1-Story Property

Parking

  • Paved Parking
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Stumpf's Beech Grove Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2027429043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,600

Year Built

Built in 1987

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 Story
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Sq Ft: 2070

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1260434.7826
  • Lot Size Area: 0.23
  • Lot Dimensions: 80.00X123.00
  • Parcel Number: 2027429043
  • Zoning: Residential

Rental Info

  • Deposit Amount: 20000.00
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 2630.0000
  • Tax Amount Winter: 970.0000
  • Total Tax: 3600.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2024
Sold by
Javed Arooba and Darsot Mohmed
Bought by
Suede Mohanad
Current Estimated Value
$475,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$355,662
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$120,134

Purchase Details

Closed on
Sep 28, 2022
Sold by
Zaher Real Estate Llc
Bought by
Darsot Mohmed and Javed Arooba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,937
Interest Rate
5.66%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 18, 2022
Sold by
Nathan Zaher
Bought by
Zaher Real Estate Llc

Purchase Details

Closed on
Jan 7, 2021
Sold by
Patel Purvaj and Patel Purvi
Bought by
Zaher Dr Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,439
Interest Rate
2.71%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 23, 2019
Closed on
Jul 18, 2019
Sold by
Desai Pranav J and Desai Mintu P
Bought by
Patel Purvaj and Patel Purvi
Seller's Agent
Lori Anderson
RE/MAX Classic
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$314,900
Sold Price
$275,000
Premium/Discount to List
-$39,900
-12.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$206,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2000
Sold by
Desrosiers Daniel O
Bought by
Desai Pranav J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,522
Interest Rate
7.7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Suede Mohanad $480,000 None Listed On Document
Suede Mohanad $480,000 None Listed On Document
Darsot Mohmed $417,500 None Listed On Document
Darsot Mohmed $417,500 --
Zaher Real Estate Llc -- None Listed On Document
Zaher Dr Nathan $307,000 Capital Title
Patel Purvaj $275,000 Liberty Title
Desai Pranav J $188,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suede Mohanad $360,000
Closed Suede Mohanad $360,000
Previous Owner Darsot Mohmed $409,937
Previous Owner Zaher Dr Nathan $301,439
Previous Owner Patel Purvaj $206,250
Previous Owner Desai Pranav J $180,522
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $275,000 -5.1% $133 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
05/12/2019 05/12/19 Price Changed $289,900 -3.3% $140 / Sq Ft
04/16/2019 04/16/19 Price Changed $299,900 -4.8% $145 / Sq Ft
03/23/2019 03/23/19 For Sale $314,900 -- $152 / Sq Ft
Source: Realcomp

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $7,205 $119,380 $0 $0
2015 $4,757 $69,980 $0 $0
2014 -- $69,980 $0 $0
2011 -- $82,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Anderson

    Seller's Agent in 2019

    Lori Anderson

    RE/MAX

    (248) 737-6800

    56 Total Sales

    Lori Anderson
    Section Image

  • N

    Buyer's Agent in 2019

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2019

    Unidentified Agent

    Unidentified Office

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Map

Source: Realcomp

MLS Number: 219024377

Realcomp

APN: 20-27-429-043

Michigan Oakland County Troy 48083

1016 Kelley St, Troy, MI

Not Listed for Sale

MultiFamily

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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