NOT LISTED FOR SALE

11814 Wilshire Dr Detroit, MI 48213

Wade Neighborhood

Estimated Value: $99,000 - $166,000

4 Beds
2 Baths
1,955 Sq Ft
$65/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $130,000 $66 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $780/month

11 Days on Market

Highlights

  • Bungalow
  • Hot Water Heating System
  • 2 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of January 2024

Money making duplex on the eastside near City Airport. Gross income of $2300/mo (99% of which is paid directly from the government). Certificate of compliance with the City of Detroit until 2025. Sit back and watch the money roll in (turnkey). Potential 15-18% ROI. Separate utilities, owner is responsible for the water (avg $72/mo). No showings without an offer with proof of funds or pre-approval so as not to constantly bother the existing tenants.

Last Agent to Sell the Property

Danny Peterson

EXP Realty Main License #6501264210 Listed on: 08/29/2023

EXP Realty Main

Last Buyer's Agent

Bridgette Johnson

REALTEAM Real Estate License #6501447804

REALTEAM Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1938

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40.00 x 150.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,955 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Stevens Estate Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I008465S
  • $2,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,243

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Duplex
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1938
  • State Equalized Value: 17700.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1955
  • Total Sq Ft: 1955
  • Sq Ft Total Bsmt: 1092

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Community

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 40.00 x 150.00
  • Parcel Number: W21I008465S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2300

Tax Info

  • Tax Amount Summer: 1135.0000
  • Tax Amount Winter: 108.0000
  • Total Tax: 1243.0000
  • Taxable Value: 11482.0000

Multi Family

  • Gross Scheduled Income: 27600.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Jan 9, 2024
Sold by
Pringle Max
Bought by
Rereno Real Estate Llc
Seller's Agent
Danny Peterson
EXP Realty Main
Buyer's Agent
Bridgette Johnson
REALTEAM Real Estate
List Price
$130,000
Sold Price
$130,000
Views
26
Current Estimated Value
$127,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,524
Avg. Annual Appreciation
-2.58%
Original Mortgage
$104,000
Outstanding Balance
$102,655
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$21,790

Purchase Details

Closed on
Nov 30, 2016
Sold by
Sabree Eric R
Bought by
Pringle Max

Purchase Details

Closed on
Jul 22, 2014
Sold by
Asset Management Directors Llc
Bought by
2337146 Ontario Inc

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Asset Management Directors Llc
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
Rereno Real Estate Llc $130,000 Detroit Title
Rereno Real Estate Llc $130,000 Detroit Title
Pringle Max $500 None Available
2337146 Ontario Inc $6,500 None Available
Asset Management Directors Llc $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rereno Real Estate Llc $104,000
Closed Rereno Real Estate Llc $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $130,000 0.0% $66 / Sq Ft
09/09/2023 09/09/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $130,000 -- $66 / 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 $1,204 $28,700 $0 $0
2024 $1,204 $25,000 $0 $0
2023 $1,168 $19,500 $0 $0
2022 $1,244 $17,700 $0 $0
2021 $1,210 $14,400 $0 $0
2020 $1,210 $13,200 $0 $0
2019 $1,192 $11,800 $0 $0
2018 $1,049 $11,300 $0 $0
2017 $195 $12,300 $0 $0
2016 $1,247 $12,000 $0 $0
2015 $1,200 $12,000 $0 $0
2013 $1,421 $16,682 $0 $0
2010 -- $24,458 $954 $23,504
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Danny Peterson

    EXP Realty Main

    (810) 423-6669

    2 in this area

    43 Total Sales

    Danny Peterson
    Section Image

  • B

    Buyer's Agent in 2024

    Bridgette Johnson

    REALTEAM Real Estate

    Section Image
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Map

Source: Realcomp

MLS Number: 20230072844

Realcomp

APN: 21-008465

Michigan Wayne County Detroit 48213 Wade

11814 Wilshire Dr, Detroit, MI

This home is located at 11814 Wilshire Dr, Detroit, MI 48213 since 29 August 2023 and is currently estimated at $127,476, approximately $65 per square foot. This property was built in 1938. 11814 Wilshire Dr is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Denby 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.

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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