NOT LISTED FOR SALE

Estimated Value: $87,000 - $134,778

4 Beds
2 Baths
2,122 Sq Ft
$53/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $112,500 $53 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $772/month

29 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of January 2023

Great Detroit investment opportunity to make yours! This tenant-occupied duplex features hardwood floors with fresh paint throughout, and 2 bedrooms/1 bathroom with stove/refrigerator included in each unit. The roof is 4 years old and plumbing/electical have been updated. Prime location with easy access to the expressway.

Last Listed By

Jason Salem

REALTEAM Real Estate License #6501411876 Listed on: 11/02/2022

REALTEAM Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00 x 107.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,122 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 16031056

Community Details

Overview

  • 2 Units
  • Westlawn Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,638

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1924
  • State Equalized Value: 15700.0000
  • Pets Allowed: Call
  • 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: 2122
  • Total Sq Ft: 2122
  • Sq Ft Total Bsmt: 1061

Exterior Features

  • Foundation Details: Slab, Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00 x 107.00
  • Parcel Number: 16031056
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 1565.0000
  • Tax Amount Winter: 73.0000
  • Total Tax: 1638.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • 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
Nov 2, 2022
Closed on
Jan 27, 2023
Sold by
Cranford-Wesley Properties Llc
Bought by
Jackman Terry Anne Chailen
Seller's Agent
Jason Salem
REALTEAM Real Estate
Buyer's Agent
Angie Sierra
RE/MAX City Centre
List Price
$120,000
Sold Price
$112,500
Premium/Discount to List
-$7,500
-6.25%
Total Days on Market
29
Views
5
Current Estimated Value
$111,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,055
Avg. Annual Appreciation
1.55%
Original Mortgage
$84,375
Outstanding Balance
$82,160
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$34,476

Purchase Details

Closed on
Jun 11, 2021
Sold by
Tolbert Kenneth
Bought by
Cw Properties Llc

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
Jackman Terry Anne Chailen $112,500 None Listed On Document
Jackman Terry Anne Chailen $112,500 --
Cw Properties Llc -- None Available
Cw Properties Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackman Terry Anne Chailen $84,375
Closed Jackman Terry Anne Chailen $84,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $112,500 -6.3% $53 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $120,000 0.0% $57 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $120,000 -- $57 / 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 $1,772 $22,200 $0 $0
2023 $1,609 $18,100 $0 $0
2022 $1,712 $15,700 $0 $0
2021 $1,015 $11,400 $0 $0
2020 $1,015 $10,000 $0 $0
2019 $1,003 $10,000 $0 $0
2018 $903 $11,600 $0 $0
2017 $136 $13,600 $0 $0
2016 $972 $52,000 $0 $0
2015 $830 $8,300 $0 $0
2013 $878 $11,710 $0 $0
2010 -- $16,778 $645 $16,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221057558

Realcomp

APN: 16-031056