NOT LISTED FOR SALE

11220 Sibley Rd Riverview, MI 48193

Estimated Value: $180,000 - $280,596

6 Beds
3 Baths
3,026 Sq Ft
$71/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $170,460 $56 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,661/month

19 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Ceiling Fan
  • Riverview Community High School Rated 10

About This Home

As of April 2023

This is a 3 Unit Multi Family Home (2 Separate properties included in One) All Units are currently rented with outstanding Tenants. Property features a wide corner to corner lot with parking,,Tenants pay ALL utilities. Buyer to assume city repairs and city escrows IF ANY required (Certificate of Occupancy Approved), included on Both properties.................TENANT OCCUPIED- DO NOT DISTURB.
P&L, Will be subject to executed NDA-
No showing will be permitted until an LOI or P/A has been accepted.

Last Agent to Sell the Property

Jeffrey Brikho

Brikho Properties, Inc. License #6502416312 Listed on: 03/15/2023

Last Buyer's Agent

Todd Sykes

Berkshire Hathaway HomeServices The Loft Warehouse License #6501379736

Berkshire Hathaway HomeServices The Loft Warehouse

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 53.40 x 201.40

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 3,026 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement

Parking

  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 51009020035000
  • $3,409 Seller Concession

Community Details

Overview

  • 3 Units
  • Riverview Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch, Townhouse
  • Architecture Level: 1 Story
  • Assessment: 955.00
  • Year Built: 1940
  • State Equalized Value: 75800.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: 100 Amp Service
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3026
  • Total Sq Ft: 3026
  • Sq Ft Total Bsmt: 1875

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block, Poured
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, On Street, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Fee Information

  • Operating Expense: 9601.18

Schools

  • School District: Riverview

Lot Info

  • List Price per Acre: 442571.4200
  • Lot Size Area: 0.35
  • Lot Dimensions: 53.40 x 201.40
  • Parcel Number: 51009020035000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 33660

Tax Info

  • Tax Amount Summer: 4409.0000
  • Tax Amount Winter: 1580.0000
  • Total Tax: 5989.0000
  • Taxable Value: 75800.0000

Multi Family

  • Gross Scheduled Income: 33660.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Riverview

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 18, 2023
Sold by
Michigan Nine Property Llc
Bought by
Bondy Lukas
Seller's Agent
Jeffrey Brikho
Brikho Properties, Inc.
Buyer's Agent
Todd Sykes
Berkshire Hathaway HomeServices The Loft Warehouse
List Price
$154,900
Sold Price
$170,460
Premium/Discount to List
$15,560
10.05%
Total Days on Market
19
Views
135
Current Estimated Value
$215,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,189
Avg. Annual Appreciation
14.69%
Original Mortgage
$127,845
Outstanding Balance
$125,215
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$104,292

Purchase Details

Closed on
Sep 30, 2021
Sold by
Harrison Bruce A
Bought by
Michigan Nine Property Llc

Purchase Details

Closed on
Jul 18, 2003
Sold by
Brown Peter
Bought by
Harrison Bruce
Source: Public Records

Range of Values:

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Average Value
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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
Bondy Lukas $170,460 None Listed On Document
Michigan Nine Property Llc $95,000 None Listed On Document
Michigan Nine Property Llc -- Dream Title And Escrow Agcy
Harrison Bruce $49,000 Minnesota Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bondy Lukas $127,845
Previous Owner Harrison Bruce A $105,000
Closed Michigan Nine Property Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $170,460 +10.0% $56 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $154,900 -- $51 / 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
2024 $5,525 $110,100 $0 $0
2023 $3,627 $92,300 $0 $0
2022 $6,245 $75,800 $0 $0
2021 $4,545 $70,900 $0 $0
2020 $5,648 $71,100 $0 $0
2019 $4,306 $63,000 $0 $0
2018 $2,936 $82,400 $0 $0
2017 $3,115 $81,200 $0 $0
2016 $5,133 $86,100 $0 $0
2015 $6,604 $86,500 $0 $0
2013 $6,398 $74,400 $0 $0
2012 $3,989 $71,700 $15,400 $56,300
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Brikho

    Seller's Agent in 2023

    Jeffrey Brikho

    Brikho Properties, Inc.

    (248) 237-4742

    1 in this area

    112 Total Sales

    Section Image
  • Todd Sykes

    Buyer's Agent in 2023

    Todd Sykes

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 320-8780

    1 in this area

    96 Total Sales

    Todd Sykes
    Section Image
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Map

Source: Realcomp

MLS Number: 20230009961

Realcomp

APN: 51-009-02-0035-000

Michigan Wayne County Riverview 48183

11220 Sibley Rd, Riverview, MI

This home is located at 11220 Sibley Rd, Riverview, MI 48193 since 15 March 2023 and is currently estimated at $215,649, approximately $71 per square foot. This property was built in 1940. 11220 Sibley Rd is a home located in Wayne County with nearby schools including Riverview Community High School, St. Cyprian Elementary School, and St. Joseph Elementary 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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