NOT LISTED FOR SALE

Estimated Value: $72,000 - $143,000

3 Beds
1.5 Baths
1,248 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $62,000 $50 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $679/month

10 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 5-minute walk to Bradby Park
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of April 2024

Discover the untapped potential of this investor special! Located just minutes away from the bustling DTE Energy plant, this 3-bedroom, 1.5-bathroom home offers an exceptional opportunity for investors looking to expand their rental portfolio.With the average rental market value in the area reaching $1400, this property promises lucrative returns for savvy investors. Imagine the possibility of turning this diamond in the rough into a highly desirable rental property, capitalizing on the steady demand for housing in this prime location. While this home is in need of some TLC, its strategic location and promising market value make it an irresistible investment opportunity. With an investor's touch, this property has the potential to be transformed into a profitable asset that attracts quality tenants and maximizes rental income. Don't miss out on the chance to secure your next successful investment property in this sought-after area. Act now and seize this opportunity to turn this property into a rental goldmine! BATIVI

Last Agent to Sell the Property

Jalen James

Front Page Properties License #6501415157 Listed on: 04/05/2024

Co-Listed By

James Byrd

Berkshire Hathaway HomeServices The Loft Warehouse License #6501446364

Last Buyer's Agent

Jalen James

Front Page Properties License #6501415157 Listed on: 04/05/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1916

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35.00 x 100.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Stanley & Ackerson Subdivision

Listing and Financial Details

  • Assessor Parcel Number W05I004890S

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1916
  • Entry Location: Ground Level w/Steps
  • AgentOnly_ListPriceByAcre: 625000.0000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1248

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick Veneer (Brick Siding)
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal), Water at Street

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 35.00 x 100.00
  • Parcel Number: W05I004890S

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Aqib Akram and Miah Sumon
Bought by
Das Nihar
Current Estimated Value
$109,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,100
Outstanding Balance
$124,399
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$14,805

Purchase Details

Listed on
Apr 5, 2024
Closed on
Apr 22, 2024
Sold by
Faith In Girls Inc
Bought by
Aqib Akram and Miah Sumon
Seller's Agent
Jalen James
Front Page Properties
Buyer's Agent
Jalen James
Front Page Properties
List Price
$50,000
Sold Price
$62,000
Premium/Discount to List
$12,000
24%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.22%

Purchase Details

Closed on
Jan 9, 2024
Sold by
Detroit Land Bank Authority
Bought by
Faith In Girls Inc

Purchase Details

Closed on
Jan 13, 2016
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority
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
Das Nihar $130,000 Vanguard Title
Das Nihar $130,000 Vanguard Title
Aqib Akram $62,000 None Listed On Document
Aqib Akram $62,000 None Listed On Document
Faith In Girls Inc $1,500 None Listed On Document
Detroit Land Bank Authority -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Das Nihar $126,100
Closed Das Nihar $126,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $62,000 +24.0% $50 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $50,000 -- $40 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

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
2025 $3,494 $43,900 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $415 $0 $0 $0
2019 $415 $0 $0 $0
2018 $0 $0 $0 $0
2017 $240 $0 $0 $0
2016 $240 $0 $0 $0
2015 $240 $2,400 $0 $0
2013 $251 $2,514 $0 $0
2010 -- $3,333 $595 $2,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240021600

Realcomp

APN: 05-004890