NOT LISTED FOR SALE

Estimated Value: $56,000 - $86,000

3 Beds
1 Bath
1,062 Sq Ft
$64/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $31,000 $29 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $479/month

21 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Bungalow
  • Ceiling Fan

About This Home

As of October 2021

Highest and Best offers due no later than 9 AM Tuesday, August 31st. Leased and performing investment property for sale. Part of a 11 property portfolio but can be purchased separately. Turn-key investment property already tenanted at $700 per month allowing for a $5,799 NOI and 15.7% ROI after taxes, insurance and management. Newer vinyl siding, windows, forced air gas furnace. Circuit breakers. Full basement. Huge upper Master Suite. Near schools, shops, parks and easy access to expressways. Please do not disturb tenants.

Last Agent to Sell the Property

Brent Maxwell

Propfoxx License #6501345023 Listed on: 08/16/2021

Last Buyer's Agent

Ryan Kain

RE/MAX Leading Edge License #6501401697

RE/MAX Leading Edge

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00x125.00
  • Fenced

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,062 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Monnier Hgts Thomas W Wards Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I029317S

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1951
  • State Equalized Value: 9700.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: High Spd Internet Avail, Cable Available
  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1062
  • Total Sq Ft: 1062
  • Sq Ft Total Bsmt: 750

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 264285.7100
  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00X125.00
  • Parcel Number: W22I029317S

Tax Info

  • Tax Amount Summer: 884.0000
  • Tax Amount Winter: 77.0000
  • Total Tax: 961.0000
  • Taxable Value: 8152.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Nov 22, 2021
Sold by
Los Rascos Llc
Bought by
Lugar Llc
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Ryan Kain
RE/MAX Leading Edge
List Price
$37,000
Sold Price
$31,000
Premium/Discount to List
-$6,000
-16.22%
Current Estimated Value
$67,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,805
Avg. Annual Appreciation
22.10%

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 1, 2021
Sold by
Pezzola Investments Chicago Llc
Bought by
Los Rascos Llc
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Ryan Kain
RE/MAX Leading Edge
List Price
$37,000
Sold Price
$31,000
Premium/Discount to List
-$6,000
-16.22%

Purchase Details

Closed on
Jan 26, 2018
Sold by
Hartwell Llc
Bought by
Pezzola Investments Chicago Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2018
Sold by
Investment Property Systems Llc
Bought by
Pezzola Investments Chicago Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2017
Sold by
Investments Proeprti Llc
Bought by
12315 Hartwell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2017
Sold by
Simonson Sunshine
Bought by
Invesrtments Property Sysetemns Lklc

Purchase Details

Closed on
Oct 17, 2007
Sold by
Epakpotobor Joseph White and Epakpotobor Celia
Bought by
Us Bank Na

Purchase Details

Closed on
Oct 19, 2005
Sold by
Epakpotobor Joseph White and Erakpotobor Joseph White
Bought by
Erakpotobor Joseph White

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,600
Interest Rate
8.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 2004
Sold by
City Of Detroit
Bought by
Smith Lori Ann

Purchase Details

Closed on
Nov 12, 2004
Sold by
Smith Lori Ann
Bought by
Epakpotobor Joseph White
Source: Public Records

Range of Values:

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Average Value
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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
Lugar Llc $64,900 Regions Title Agency Llc
Los Rascos Llc $31,000 None Available
Pezzola Investments Chicago Llc $28,000 Embassy Title Agency Inc
Pezzola Investments Chicago Llc -- None Available
12315 Hartwell Llc -- None Available
Invesrtments Property Sysetemns Lklc $6,500 Embassy Title Agency
Us Bank Na $55,000 None Available
Erakpotobor Joseph White -- Tri County Title Agency Inc
Smith Lori Ann $3,500 --
Epakpotobor Joseph White $8,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pezzola Investments Chicago Llc $28,000
Previous Owner Epakpotobor Joseph White $66,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $31,000 -16.2% $29 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $37,000 -- $35 / 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 $1,346 $21,100 $0 $0
2024 $1,346 $17,700 $0 $0
2023 $1,307 $14,200 $0 $0
2022 $1,594 $13,200 $0 $0
2021 $962 $11,100 $0 $0
2020 $961 $9,700 $0 $0
2019 $948 $8,000 $0 $0
2018 $779 $7,000 $0 $0
2017 $38 $6,700 $0 $0
2016 $382 $2,400 $0 $0
2015 $240 $2,400 $0 $0
2013 $304 $3,044 $0 $0
2010 -- $4,361 $802 $3,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210062721

Realcomp

APN: 22-029317