NOT LISTED FOR SALE

1224 Waterman St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $179,000 - $212,000

4 Beds
2.5 Baths
2,356 Sq Ft
$84/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $190,000 $81 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,314/month

57 Days on Market

About This Home

As of April 2024

Introducing a truly unique home with captivating curb appeal, nestled in a developing neighborhood. This exceptional residence is just minutes away from Downtown, Mexican Town, and a stone's throw from the new bridge.

Immerse yourself in the allure of FULL hardwood flooring that graces every inch of this remarkable home. Experience the convenience of not one, but TWO updated kitchens, boasting sleek Quartz countertops. Indulge in the luxury of TWO updated bathrooms, as well as oversized dining rooms and living rooms. With separate entrances thoughtfully incorporated, this dwelling is perfect for accommodating a combined family or providing the opportunity for a shrewd homeowner to rent out one unit and offset their mortgage.

Revel in the delight of new windows, pristine gutters, and a complete facelift both inside and out. Unwind on separate porches or enjoy the allure of a chic balcony on the second floor.

Property is offered furnished which enables the possibility of cashflow to start at close.

Last Agent to Sell the Property

Sherimi Matthews

EXP Realty Main License #6501447673 Listed on: 01/14/2024

EXP Realty Main

Co-Listed By

Danielle Dunham

EXP Realty Main License #6501401045

Last Buyer's Agent

Erika Hernandez

RE/MAX Leading Edge License #6501439294

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1917

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30.00 x 158.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 2,356 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 W18I008129S

Community Details

Overview

  • 2 Units
  • Kaiers Sub Of Lots 16 Thru 29 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,610

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1917
  • State Equalized Value: 34600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2356
  • Total Sq Ft: 2356
  • Sq Ft Total Bsmt: 1150

Exterior Features

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

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 30.00 x 158.00
  • Parcel Number: W18I008129S
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 60000.00
  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 2408.0000
  • Tax Amount Winter: 202.0000
  • Total Tax: 2610.0000
  • Taxable Value: 34600.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2024
Closed on
Apr 22, 2024
Sold by
Kusi Napthaline
Bought by
Perez Ramon Gonzalez
Seller's Agent
Sherimi Matthews
EXP Realty Main
Buyer's Agent
Erika Hernandez
RE/MAX Leading Edge
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Views
139
Current Estimated Value
$198,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,269
Avg. Annual Appreciation
3.18%
Original Mortgage
$186,558
Outstanding Balance
$184,108
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$14,161

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jan 21, 2022
Sold by
Iq Properties Llc
Bought by
Kusi Napthaline Ange
Seller's Agent
Jeanette Lucy
IQ Properties LLC
Buyer's Agent
Schakerra Edwards
Front Page Properties
List Price
$180,000
Sold Price
$200,000
Premium/Discount to List
$20,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.24%

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 4, 2020
Sold by
Nahhas Feras and Jordan Properties & Investment
Bought by
Iq Properties Llc
Seller's Agent
Bilal Sabbagh
NextHome Cityscape Realty LLC
Buyer's Agent
Jeanette Lucy
IQ Properties LLC
List Price
$100,000
Sold Price
$78,000
Premium/Discount to List
-$22,000
-22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
131.80%

Purchase Details

Closed on
Aug 18, 2011
Sold by
Nahhas Faten
Bought by
Nahhas Feras Bassam

Purchase Details

Closed on
Dec 21, 2004
Sold by
Ohio Savings Bank
Bought by
Nahhas Faten

Purchase Details

Closed on
Dec 20, 2004
Sold by
Mortgage Electronic Registration Systems
Bought by
Nahhas Faten

Purchase Details

Closed on
Oct 1, 2004
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 26, 2004
Sold by
Ajami Ali and Salem Fadi
Bought by
Mortgage Electronic Registration Systems and Allerton Financial Corp

Purchase Details

Closed on
Oct 30, 2002
Sold by
Ajami Ali
Bought by
Mielaa Rozin

Purchase Details

Closed on
Oct 23, 2002
Sold by
Nahhas Amjad and Nahass Zaid Maher
Bought by
Ajami Ali
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
Perez Ramon Gonzalez $190,000 None Listed On Document
Kusi Napthaline Ange $200,000 None Listed On Document
Iq Properties Llc $78,000 None Available
Iq Properties Llc $78,000 None Listed On Document
Nahhas Feras Bassam $1,000 None Available
Nahhas Faten $40,100 Fidelity National Title
Nahhas Faten -- Fidelity National Title
Federal National Mortgage Association -- --
Mortgage Electronic Registration Systems $75,019 --
Mielaa Rozin -- --
Ajami Ali $97,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Ramon $186,558
Previous Owner Nahhas Faten $78,400
Previous Owner Nahhas Faten $61,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $190,000 -2.6% $81 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
01/14/2024 01/14/24 For Sale $195,000 -2.5% $83 / Sq Ft
01/18/2022 01/18/22 Sold $200,000 +11.1% $85 / Sq Ft
11/22/2021 11/22/21 For Sale $180,000 +130.8% $76 / Sq Ft
12/04/2020 12/04/20 Sold $78,000 -13.2% $33 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
10/06/2020 10/06/20 Price Changed $89,900 -10.1% $38 / Sq Ft
09/08/2020 09/08/20 For Sale $100,000 -- $42 / 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 $2,837 $52,500 $0 $0
2024 $2,837 $43,900 $0 $0
2023 $2,408 $34,600 $0 $0
2022 $1,848 $27,000 $0 $0
2021 $2,156 $20,800 $0 $0
2020 $1,726 $21,900 $0 $0
2019 $1,700 $17,000 $0 $0
2018 $1,495 $16,100 $0 $0
2017 $279 $14,700 $0 $0
2016 $1,719 $16,300 $0 $0
2015 $1,630 $16,300 $0 $0
2013 $1,807 $18,067 $0 $0
2010 -- $13,295 $656 $12,639
Source: Public Records

Agents Affiliated with this Home

  • Sherimi Matthews

    Seller's Agent in 2024

    Sherimi Matthews

    EXP Realty Main

    (313) 482-6126

    1 in this area

    17 Total Sales

    Sherimi Matthews
    Section Image
  • Danielle Dunham

    Seller Co-Listing Agent in 2024

    Danielle Dunham

    EXP Realty Main

    (248) 885-0428

    1 in this area

    179 Total Sales

    Danielle Dunham
    Section Image
  • Erika Hernandez

    Buyer's Agent in 2024

    Erika Hernandez

    RE/MAX

    (313) 828-9794

    4 in this area

    71 Total Sales

    Erika Hernandez
    Section Image
  • Jeanette Lucy

    Seller's Agent in 2022

    Jeanette Lucy

    IQ Properties LLC

    (313) 333-5166

    2 in this area

    123 Total Sales

    Jeanette Lucy
    Section Image
  • Schakerra Edwards

    Buyer's Agent in 2022

    Schakerra Edwards

    Front Page Properties

    (313) 290-0055

    1 in this area

    35 Total Sales

    Schakerra Edwards
    Section Image
  • Bilal Sabbagh

    Seller's Agent in 2020

    Bilal Sabbagh

    NextHome Cityscape Realty LLC

    (313) 648-6765

    1 in this area

    77 Total Sales

    Bilal Sabbagh
    Section Image
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Map

Source: Realcomp

MLS Number: 20240002658

Realcomp

APN: 18-008129

Michigan Wayne County Detroit 48209 Southwest Detroit

1224 Waterman St, Detroit, MI

This home is located at 1224 Waterman St, Detroit, MI 48209 since 14 January 2024 and is currently estimated at $198,269, approximately $84 per square foot. This property was built in 1917. 1224 Waterman St is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Western International 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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