NOT LISTED FOR SALE

1155 W McNichols Rd Highland Park, MI 48203

Estimated Value: $862,469

54 Beds
36 Baths
24,072 Sq Ft
$36/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $575,000 $24 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,869/month

35 Days on Market

Highlights

  • 0.3 Acre Lot
  • Forced Air Heating System
  • Garage

About This Home

As of January 2014

Price Reduced! Rare multifamily opportunity in the prestigious Palmer Park District. Overlooking the Detroit Golf Club, this 36 unit property maintains its beautiful architectural details. Newer windows, sound mechanical and roof, private fenced on-site parking, on-site laundry and code access entries are just a few of the perks. The remodeled 1 bed room units have eating space in the kitchens, new carpet, paint, appliances, and generous sized living rooms. The tenants are able to enjoy the convenience of both the Woodward Avenue & McNichols bus lines. Annual property taxes of $28,936 are currently in the appeals process. Units have been approved by Section 8, as well as several other locally sponsored tenant assistance programs. Unit rents are $550-$675 per month. Contact listing brokerage for additional details, photos, and private showing.

Last Agent to Sell the Property

Dan Greene

Premier Realty REO License #6502355712 Listed on: 12/11/2013

Last Buyer's Agent

Dan Greene

Premier Realty REO License #RCO-6502355712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100x130

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 36 Full Bathrooms
  • 24,072 Sq Ft Home
  • 3-Story Property
  • Basement

Utilities

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

Community Details

  • 36 Units
  • Hamilton Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43004040017000

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 36.00
  • Full Bathrooms: 36
  • Basement: Yes
  • Sq Ft Combined: 24072
  • Total Sq Ft: 24072
  • Sq Ft Total Bsmt: 8024

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Laundry Facilities: No

Schools

  • School District: Highland Park

Lot Info

  • List Price per Acre: 2330000.0000
  • Lot Size Area: 0.30
  • Lot Dimensions: 100X130
  • Parcel Number: 43004040017000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Yard Maintenance
  • Monthly Rental Income: 13475

Tax Info

  • Tax Amount Summer: 23987.0000
  • Tax Amount Winter: 6183.0000
  • Total Tax: 30170.0000

Multi Family

  • Gross Scheduled Income: 161700.00
  • Number Of Units Total: 36
  • Number of One Bedroom Units: 18
  • Number of Two Bedroom Units: 18
  • Number Of Units Leased: 22

MLS Schools

  • School District: Highland Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2024
Sold by
Acp Mp Investments Hamilton Llc
Bought by
Mna Property Solutions Llc
Current Estimated Value
$862,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,000
Outstanding Balance
$593,071
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$253,158

Purchase Details

Listed on
Dec 11, 2013
Closed on
Dec 20, 2013
Sold by
Community Stabilation Services Llc
Bought by
Acp Mp Investments Hamilton
Seller's Agent
Dan Greene
Premier Realty REO
Buyer's Agent
Dan Greene
Premier Realty REO
List Price
$699,000
Sold Price
$575,000
Premium/Discount to List
-$124,000
-17.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.36%

Purchase Details

Listed on
Dec 11, 2013
Closed on
Dec 19, 2013
Sold by
Palmer Park Properties Llc
Bought by
Community Stabiliation Services Llc
Seller's Agent
Dan Greene
Premier Realty REO
Buyer's Agent
Dan Greene
Premier Realty REO
List Price
$699,000
Sold Price
$575,000
Premium/Discount to List
-$124,000
-17.74%

Purchase Details

Closed on
Nov 5, 2010
Sold by
Palmer Park Properties Llc
Bought by
Jmj Property Management Llc

Purchase Details

Closed on
Sep 22, 2010
Sold by
Cella Management Llc
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Apr 14, 2003
Sold by
Mashni Mcnichols #1 Llc
Bought by
Cella Management Llc

Purchase Details

Closed on
Jan 14, 2003
Sold by
Mashni Mcnichols #1 Llc
Bought by
Cella Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,000
Interest Rate
6.27%
Mortgage Type
Commercial
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
Mna Property Solutions Llc $850,000 Advantage Title
Mna Property Solutions Llc $850,000 Advantage Title
Acp Mp Investments Hamilton -- Bell Title Agency Of Livonia
Community Stabiliation Services Llc -- Bell Title Agency Of Livonia
Jmj Property Management Llc -- Attorneys Title Agency Llc
Palmer Park Properties Llc $197,687 Attorneys Title Agency Llc
Deutsche Bank National Trust Company $195,000 None Available
Cella Management Llc -- Multiple
Cella Management Llc $700,000 Devon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mna Property Solutions Llc $596,000
Closed Mna Property Solutions Llc $596,000
Previous Owner Cella Management Llc $756,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2014 01/17/14 Sold $575,000 -17.7% $24 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $699,000 -- $29 / 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 $15,550 $226,000 $0 $0
2024 $15,550 $211,600 $0 $0
2023 $14,948 $208,700 $0 $0
2022 $17,076 $198,900 $0 $0
2021 $16,740 $194,300 $0 $0
2019 $17,515 $195,200 $0 $0
2018 $14,831 $191,600 $0 $0
2017 $5,412 $188,600 $0 $0
2016 $18,629 $177,400 $0 $0
2015 $28,220 $282,200 $0 $0
2013 $30,966 $320,100 $0 $0
2012 $21,716 $312,200 $9,600 $302,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan Greene

    Premier Realty REO

See All Agents

Map

Source: Realcomp

MLS Number: 213203581

Realcomp

APN: 43-004-04-0017-000

Michigan Wayne County Highland Park 48203

1155 W McNichols Rd, Highland Park, MI

This home is located at 1155 W McNichols Rd, Highland Park, MI 48203 since 11 December 2013 and is currently estimated at $862,469, approximately $35 per square foot. This property was built in 1924. 1155 W McNichols Rd is a home located in Wayne County with nearby schools including Sigma Academy for Leadership & Early Middle College, Gesu Catholic School, and Charlotte Mason Community 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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