NOT LISTED FOR SALE

Estimated Value: $41,911 - $333,000

0.12 Acre
$1,128,983 Price per Acre
5,227 Sq Ft Lot

Last Sold January 25, 2021

Last sale price $25,750 $7 Per Sq Ft

Est. 460% increase in value since last sale

Current estimated payment $804/month

121 Days on Market

About This Lot

As of January 2021

ATTENTION INVESTORS/DEVELOPERS/BUILDERS - Vacant Lot surrounded by existing lots owned by developer. Located just behind Virginia Park between New Center, Midtown, North End and Milwaukee Junction. West of Woodward Avenue, blocks away from the M-1 Rail System. Multiple closed sales in Virginia Park and North End Add Valuation to this parcel. Various development or stabilization options. Cash sale only. Drive by and access parcel.

Last Agent to Sell the Property

Dominick Procopio

RE/MAX First License #MISPE-6501371109 Listed on: 09/09/2020

RE/MAX First

Last Buyer's Agent

Gino Tozzi Jr

Johnstone & Johnstone License #RCO-6501404504

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 42x125
  • Cleared Lot

Listing and Financial Details

  • Assessor Parcel Number 02001247

Property Details

Property Type

Land

Est. Annual Taxes

$63

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: VACANT LAND
  • Type Of Property: Vacant Land / Dockominium
  • Style: Vacant Land
  • Flood Insurance: Not Required
  • Total Tax Amount: 63.27
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 42
  • Roads: City/County
  • Frontage Type: Road

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Public At Street

Schools

  • School District: Detroit City School District

Lot Info

  • Assessor Parcel Number: 02001247
  • Location: Subdivision
  • Acreage: 0.12
  • Lot Description: Sidewalks, Cleared
  • Zoning: Residential
  • Lot Size: 42x125
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2019, Amount: $56.52
  • Winter Tax: Year: 2019, Amount: $6.75
  • Total Tax: Amount: $63.27
  • SEV Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Jan 14, 2021
Sold by
Pensco Trust Company
Bought by
Taylor Michael
Seller's Agent
Dominick Procopio
RE/MAX First
Buyer's Agent
Gino Tozzi Jr
Johnstone & Johnstone
List Price
$30,000
Sold Price
$25,750
Premium/Discount to List
-$4,250
-14.17%
Current Estimated Value
$144,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,530
Avg. Annual Appreciation
44.31%

Purchase Details

Listed on
Jan 31, 2016
Closed on
Mar 28, 2016
Sold by
1776 Associates Llc
Bought by
Pensco Trust Company and Janice Payne Ira
Seller's Agent
Darin Mcleskey
Denovo Real Estate
Buyer's Agent
Dominick Procopio
RE/MAX First
List Price
$15,000
Sold Price
$12,750
Premium/Discount to List
-$2,250
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
May 10, 2013
Sold by
Global Premier Asset Servicing
Bought by
1776 Associates Llc

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Global Premier Asset Servicing
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
Taylor Michael $25,750 Regions Title Agency Llc
Pensco Trust Company $12,750 None Available
Pensco Trust Company -- None Available
1776 Associates Llc $3,755 None Available
Global Premier Asset Servicing $700 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2021 01/25/21 Sold $25,750 -14.2% $7 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
09/09/2020 09/09/20 For Sale $30,000 +135.3% $8 / Sq Ft
03/30/2016 03/30/16 Sold $12,750 -15.0% $3 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
01/31/2016 01/31/16 For Sale $15,000 -- $4 / Sq Ft
Source: Michigan Multiple Listing Service

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 $181 $2,900 $0 $0
2024 $181 $2,400 $0 $0
2023 $185 $2,400 $0 $0
2022 $210 $2,400 $0 $0
2021 $207 $2,400 $0 $0
2020 $64 $2,400 $0 $0
2019 $63 $2,400 $0 $0
2018 $54 $700 $0 $0
2017 $13 $700 $0 $0
2016 $56 $2,200 $0 $0
2015 $70 $700 $0 $0
2013 $965 $14,283 $0 $0
2010 -- $18,941 $674 $18,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50023117

Michigan Multiple Listing Service

APN: 02-001247