NOT LISTED FOR SALE

1259 Lenox St Detroit, MI 48215

Riverbend Neighborhood

Estimated Value: $33,428 - $207,000

4 Beds
2.5 Baths
2,408 Sq Ft
$49/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $27,500 $11 Per Sq Ft

Est. 332% increase in value since last sale

Current estimated payment $757/month

53 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Hot Water Heating System

About This Home

As of November 2022

Attention Investors! Are you looking for a good 2 family asset located in the MSHDA Opp Zone that can provide you with a steller cap rate or cash on cash return? This property will require a moderate level of rehab to make it shine. The current market rent for a property of this size is between $800 and $950 per unit. Come take a look and lets make a deal!

Last Agent to Sell the Property

David Rabior

Clyde Realty LLC License #6501406276 Listed on: 09/08/2022

Last Buyer's Agent

Gabriel Johnson

Berkshire Hathaway HomeServices The Loft Warehouse License #6501441382

Berkshire Hathaway HomeServices The Loft Warehouse

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00 x 109.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,408 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W21I050145S

Community Details

Overview

  • 2 Units
  • Jefferson & Mack Ave Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1920
  • State Equalized Value: 16100.0000
  • 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: 2408
  • Total Sq Ft: 2408
  • Sq Ft Total Bsmt: 1190

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Community

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00 x 109.00
  • Parcel Number: W21I050145S
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1319.0000
  • Tax Amount Winter: 152.0000
  • Total Tax: 1471.0000
  • Taxable Value: 16100.0000

Multi Family

  • 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
Sep 8, 2022
Closed on
Oct 31, 2022
Sold by
Birthstone Investments 2 Llc
Bought by
Mozell Vincente
Seller's Agent
David Rabior
Clyde Realty LLC
Buyer's Agent
Gabriel Johnson
Berkshire Hathaway HomeServices The Loft Warehouse
List Price
$39,000
Sold Price
$27,500
Premium/Discount to List
-$11,500
-29.49%
Views
30
Current Estimated Value
$118,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,357
Avg. Annual Appreciation
55.76%

Purchase Details

Listed on
May 3, 2021
Closed on
Sep 24, 2021
Sold by
Nvnmi Llc
Bought by
Brichstone Investments 2 Llc
Seller's Agent
Darlene Coker
RCH Brokerage Legacy Inc
Buyer's Agent
Darlene Coker
RCH Brokerage Legacy Inc
List Price
$65,900
Sold Price
$26,000
Premium/Discount to List
-$39,900
-60.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%

Purchase Details

Listed on
May 11, 2017
Closed on
Jul 24, 2017
Sold by
Comerica Bank
Bought by
Nvnmi Llc
Seller's Agent
Brad Dilley
National Realty Centers, Inc
Buyer's Agent
Darlene Coker
RCH Brokerage Legacy Inc
List Price
$9,900
Sold Price
$10,100
Premium/Discount to List
$200
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.45%

Purchase Details

Closed on
Jun 16, 2016
Sold by
Dodson Pearlie
Bought by
Comerica Bank

Purchase Details

Closed on
Jun 30, 2012
Sold by
Dodson Pearlie Mae
Bought by
Dodson Marilyn
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
Mozell Vincente $27,500 --
Brichstone Investments 2 Llc $26,000 First American Title Ins Co
Nvnmi Llc $10,100 None Available
Comerica Bank $46,948 Attorney
Dodson Marilyn $800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dodson Pearlie $46,700
Previous Owner Dodson Pearlie $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $27,500 -21.4% $11 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $35,000 -10.3% $15 / Sq Ft
09/08/2022 09/08/22 For Sale $39,000 +50.0% $16 / Sq Ft
09/24/2021 09/24/21 Sold $26,000 -47.9% $11 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/07/2021 07/07/21 Price Changed $49,900 -16.7% $21 / Sq Ft
06/25/2021 06/25/21 Price Changed $59,900 -4.9% $25 / Sq Ft
05/22/2021 05/22/21 Price Changed $63,000 -4.4% $26 / Sq Ft
05/03/2021 05/03/21 For Sale $65,900 +552.5% $27 / Sq Ft
07/24/2017 07/24/17 Sold $10,100 +2.0% $4 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $9,900 -- $4 / 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 $1,481 $33,700 $0 $0
2024 $1,481 $29,900 $0 $0
2023 $1,684 $23,600 $0 $0
2022 $1,794 $21,400 $0 $0
2021 $1,746 $16,100 $0 $0
2020 $2,155 $20,900 $0 $0
2019 $1,962 $18,400 $0 $0
2018 $1,718 $17,900 $0 $0
2017 $188 $18,300 $0 $0
2016 $1,125 $14,800 $0 $0
2015 $980 $14,800 $0 $0
2013 $949 $17,322 $0 $0
2010 -- $25,395 $499 $24,896
Source: Public Records

Agents Affiliated with this Home

  • David Rabior

    Seller's Agent in 2022

    David Rabior

    Clyde Realty LLC

    (586) 329-8618

    3 in this area

    362 Total Sales

    David Rabior
    Section Image

  • G

    Buyer's Agent in 2022

    Gabriel Johnson

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 658-6400

    1 in this area

    20 Total Sales

    Gabriel Johnson
    Section Image
  • Darlene Coker

    Seller's Agent in 2021

    Darlene Coker

    RCH Brokerage Legacy Inc

    (313) 378-1643

    3 in this area

    51 Total Sales

    Darlene Coker
    Section Image

  • B

    Seller's Agent in 2017

    Brad Dilley

    National Realty Centers, Inc

    (734) 718-6036

    104 Total Sales

    Brad Dilley
    Section Image
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Map

Source: Realcomp

MLS Number: 20221037186

Realcomp

APN: 21-050145

Michigan Wayne County Detroit 48215 Riverbend

1259 Lenox St, Detroit, MI

This home is located at 1259 Lenox St, Detroit, MI 48215 since 08 September 2022 and is currently estimated at $118,857, approximately $49 per square foot. This property was built in 1920. 1259 Lenox St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle 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.

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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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