NOT LISTED FOR SALE

12551 Loretto St Detroit, MI 48205

Eden Gardens Neighborhood

Estimated Value: $73,000 - $95,452

3 Beds
1 Bath
863 Sq Ft
$102/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $85,000 $98 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $553/month

About This Home

This home is located at 12551 Loretto St, Detroit, MI 48205 and is currently estimated at $88,363, approximately $102 per square foot. 12551 Loretto St 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Nov 22, 2023
Sold by
Perkins Keith
Bought by
Wright Russell
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Jeremiah Owens
Oracle Realty
List Price
$87,000
Sold Price
$85,000
Premium/Discount to List
-$2,000
-2.3%
Views
75
Current Estimated Value
$88,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,363
Avg. Annual Appreciation
2.04%
Original Mortgage
$25,000
Outstanding Balance
$24,420
Interest Rate
5.7%
Estimated Equity
$63,943

Purchase Details

Closed on
Mar 22, 2021
Sold by
Detroit Land Bank Authority
Bought by
Perkins Keith

Purchase Details

Closed on
Jul 16, 2014
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr

Purchase Details

Closed on
Aug 25, 2005
Sold by
G & S Consulting Inc
Bought by
Sinha Pritam
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Wright Russell $85,000 None Listed On Document
Wright Russell $85,000 None Listed On Document
Wright Russell $85,000 None Listed On Document
Perkins Keith $1,000 None Available
The Detroit Land Bank Authority -- None Available
Planning & Development Dept City Of Detr -- None Available
Planning & Development Dept City Of Detr -- None Available
Sinha Pritam $65,000 Metro Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Russell $25,000
Closed Wright Russell $25,000
Open Wright Russell $68,721
Closed Wright Russell $68,721
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2023 11/28/23 Sold $85,000 -2.3% $98 / Sq Ft View Prior Sale
11/28/2023 11/28/23 For Sale $87,000 +2.4% $101 / Sq Ft
08/09/2023 08/09/23 Off Market $85,000 -- --
08/09/2023 08/09/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $87,000 -- $101 / Sq Ft

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 $1,079 $13,000 $0 $0
2024 $1,079 $11,000 $0 $0
2023 $891 $8,455 $0 $0
2022 $1,088 $9,700 $0 $0
2021 $1,993 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $240 $0 $0 $0
2015 $560 $0 $0 $0
2013 $560 $5,601 $0 $0
2010 -- $8,212 $1,306 $6,906
Source: Public Records

Agents Affiliated with this Home

  • Jeff Glover

    Seller's Agent in 2023

    Jeff Glover

    KW Professionals

    (855) 533-3735

    4 in this area

    2,292 Total Sales

    Jeff Glover
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    TaMyra Boyd

    KW Professionals

    Section Image

  • J

    Buyer's Agent in 2023

    Jeremiah Owens

    Oracle Realty

    (586) 741-3005

    1 in this area

    14 Total Sales

    Jeremiah Owens
    Section Image
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Map

Michigan Wayne County Detroit 48205 Eden Gardens

12551 Loretto St, Detroit, MI

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