NOT LISTED FOR SALE

1081 N Rademacher St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $178,000 - $354,698

4 Beds
3 Baths
2,256 Sq Ft
$126/Sq Ft Est. Value

Last Sold December 12, 2018

Last sale price $222,250 $99 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,673/month

27 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Fenced
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of December 2018

SOUTHWEST! Massive 1918 2-Flat with livable Loft space on 3rd level. Gutted and renovated by the owner in 2015 with new installation, electrical and plumbing added. Each unit plus the Loft feature updated kitchens and bathrooms. Basement partitioned with washer & dryer included on one side. Forced heat with new furnaces. Adjacent lot (1077 N Rademacher) included and completely fenced in with property. Easily a place where you would love to live and have rental income from the 2nd unit and Loft space. Nicely located and accessible to Mexicantown, local restaurants, community activities and not far to Corktown and Downtown. Address is 1081 & 1083 N Rademacher.

Last Agent to Sell the Property

Johanna Walker

O'Connor Realty Detroit, LLC License #6501384796 Listed on: 10/06/2018

Last Buyer's Agent

Johanna Walker

O'Connor Realty Detroit, LLC License #6501384796 Listed on: 10/06/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1918 | Remodeled in 2015

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30.00x157.50
  • Fenced

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,256 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Kaiers Sub Of Lots 16 Thru 29 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W18I007777S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,065

Year Built

Built in 1918 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1918
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2256
  • Total Sq Ft: 2256
  • Sq Ft Total Bsmt: 1113

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 30
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 2068181.8182
  • Lot Size Area: 0.11
  • Lot Dimensions: 30.00X157.50
  • Parcel Number: W18I007777S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 987.0000
  • Tax Amount Winter: 78.0000
  • Total Tax: 1065.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 3
  • Unit Count: 1
  • Number of Loft Units: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2019
Sold by
Amare Tati
Bought by
1081 1083 Llc
Current Estimated Value
$284,425

Purchase Details

Listed on
Oct 6, 2018
Closed on
Dec 12, 2018
Sold by
Lamdin Cole
Bought by
Amare Tati
Seller's Agent
Johanna Walker
O'Connor Realty Detroit, LLC
Buyer's Agent
Johanna Walker
O'Connor Realty
List Price
$227,500
Sold Price
$222,250
Premium/Discount to List
-$5,250
-2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$177,800
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2018
Closed on
Dec 11, 2018
Sold by
Lamdin Jeff
Bought by
Lamdin Cole
Seller's Agent
Johanna Walker
O'Connor Realty Detroit, LLC
Buyer's Agent
Johanna Walker
O'Connor Realty
List Price
$227,500
Sold Price
$222,250
Premium/Discount to List
-$5,250
-2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,800
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2013
Closed on
Mar 20, 2014
Sold by
Gomez Franklin
Bought by
Landin Cole
Seller's Agent
Sherri Saad
RE/MAX Leading Edge
Buyer's Agent
Brandon Lee
O'Connor Realty
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.71%

Purchase Details

Closed on
Mar 8, 2007
Sold by
Collins Vera
Bought by
Novastar Mortgage Inc
Source: Public Records

Range of Values:

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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
1081 1083 Llc -- None Available
Amare Tati $222,250 Liberty Title
Lamdin Cole -- Liberty Title
Landin Cole $25,000 None Available
Novastar Mortgage Inc $62,470 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amare Tati $177,800
Previous Owner Collins Vera $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $222,250 -2.3% $99 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
10/20/2018 10/20/18 For Sale $227,500 0.0% $101 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/06/2018 10/06/18 For Sale $227,500 +810.0% $101 / Sq Ft
03/21/2014 03/21/14 Sold $25,000 -16.4% $11 / Sq Ft
03/06/2014 03/06/14 Pending -- -- --
05/22/2013 05/22/13 For Sale $29,900 -- $13 / 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 $1,471 $51,300 $0 $0
2024 $1,471 $42,800 $0 $0
2023 $1,432 $33,800 $0 $0
2022 $1,889 $26,300 $0 $0
2021 $1,597 $20,400 $0 $0
2020 $1,837 $21,400 $0 $0
2019 $1,658 $16,600 $0 $0
2018 $990 $14,500 $0 $0
2017 $157 $13,200 $0 $0
2016 $1,070 $8,600 $0 $0
2015 $860 $8,600 $0 $0
2013 $948 $9,478 $0 $0
2010 -- $13,580 $777 $12,803
Source: Public Records

Agents Affiliated with this Home

  • Johanna Walker

    Seller's Agent in 2018

    Johanna Walker

    O'Connor Realty Detroit, LLC

    (248) 767-1194

    29 Total Sales

    Johanna Walker
    Section Image
  • Sherri Saad

    Seller's Agent in 2014

    Sherri Saad

    RE/MAX

    (313) 598-5322

    4 in this area

    554 Total Sales

    Sherri Saad
    Section Image
  • Brandon Lee

    Buyer's Agent in 2014

    Brandon Lee

    O'Connor Realty

    (313) 963-9761

    2 in this area

    14 Total Sales

    Brandon Lee
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 218093454

Realcomp

APN: 18-007777

Michigan Wayne County Detroit 48209 Southwest Detroit

1081 N Rademacher St, Detroit, MI

This home is located at 1081 N Rademacher St, Detroit, MI 48209 since 06 October 2018 and is currently estimated at $284,425, approximately $126 per square foot. This property was built in 1918. 1081 N Rademacher St is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Western International High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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