NOT LISTED FOR SALE

12604 Stoepel St Detroit, MI 48238

Oakman Boulevard Community Neighborhood

Estimated Value: $86,000 - $105,000

4 Beds
2 Baths
3,190 Sq Ft
$29/Sq Ft Est. Value

Last Sold August 02, 2020

Last sale price $60,000 $19 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $652/month

380 Days on Market

Highlights

  • Covered Patio or Porch
  • Cass Technical High School Rated 10
  • 4-minute walk to Russell Woods Park

About This Home

As of August 2020

Priced to sell! Outstanding investment opportunity! Two family property located centrally in Detroit minutes away from downtown close to three major freeways. Close to public transportation, library, grocer, stadiums, downtown and other points of interest. This property features two bedrooms, 1 full bathroom in each unit with living, dining and kitchen. Full common basement. Property can be rented at $900/unit after rehab.Again, this is a super nice two family flat investment property in the heart of the next rebound Detroit neighborhood. High ROI/NOI-see a quick return on investment with instant cash flow. Contact your agent today about showing appointment details. Easy land contract terms possible. Property being offered via QCD. Can be purchased as a warranty deed at buyer's expense as well. Discounts considered on bulk purchases---yes we have more, a lot more! Fast response time from the seller on all offers.Seller motivated don't be afraid to submit an offer-we look at all offers

Last Agent to Sell the Property

Eugene Hale

Hale Realty License #6501362334 Listed on: 07/12/2019

Co-Listed By

Rebecca Hale

Hale Realty License #6502400646

Last Buyer's Agent

Jermaine Golden

RE/MAX City Centre License #6501416411

RE/MAX City Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1932

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 36.00x108.00

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 3,190 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Robert Oakmans Ford Hwy & Glendale Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I018804S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$723

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1932
  • State Equalized Value: 18400.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3190
  • Total Sq Ft: 3190
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 36
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 666666.6667
  • Lot Size Area: 0.09
  • Lot Dimensions: 36.00X108.00
  • Parcel Number: W16I018804S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Deposit Amount: 5000.00
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 676.0000
  • Tax Amount Winter: 47.0000
  • Total Tax: 723.0000
  • Taxable Value: 4944.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2018
Sold by
Harper Graca Homes Llc
Bought by
Top Mark Home Solutions Llc
Current Estimated Value
$91,099

Purchase Details

Closed on
May 30, 2017
Sold by
Murry Steven and Murry Nataki
Bought by
Neason Andre D

Purchase Details

Closed on
Nov 19, 2012
Sold by
Wayne County Treasurer
Bought by
Murray Steven T and Murray Nataki N

Purchase Details

Closed on
Apr 17, 2009
Sold by
H Enterprises Llc
Bought by
Hcm Properties Llc

Purchase Details

Closed on
Mar 19, 2009
Sold by
Secretary Of Veterans Affairs
Bought by
H Enterprises Llc
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
Top Mark Home Solutions Llc -- None Available
Neason Andre D -- None Available
Murray Steven T $500 None Available
Hcm Properties Llc -- Progressive Title
H Enterprises Llc $2,900 Progressive Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2020 08/02/20 Sold $60,000 0.0% $19 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
03/26/2020 03/26/20 Price Changed $60,000 0.0% $19 / Sq Ft
03/26/2020 03/26/20 For Sale $60,000 0.0% $19 / Sq Ft
02/26/2020 02/26/20 Off Market $60,000 -- --
07/12/2019 07/12/19 For Sale $70,000 -- $22 / 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 $1,871 $38,500 $0 $0
2024 $1,871 $33,400 $0 $0
2023 $677 $26,300 $0 $0
2022 $712 $22,700 $0 $0
2021 $697 $18,900 $0 $0
2020 $696 $21,400 $0 $0
2019 $742 $19,900 $0 $0
2018 $676 $18,400 $0 $0
2017 $92 $17,200 $0 $0
2016 $723 $49,600 $0 $0
2015 $506 $5,100 $0 $0
2013 $1,404 $14,037 $0 $0
2010 -- $20,111 $597 $19,514
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Eugene Hale

    Hale Realty

    Section Image

  • R

    Seller Co-Listing Agent in 2020

    Rebecca Hale

    Hale Realty

    Section Image
  • Jermaine Golden

    Buyer's Agent in 2020

    Jermaine Golden

    RE/MAX

    (248) 635-6720

    2 in this area

    223 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 219068152

Realcomp

APN: 16-018804

Michigan Wayne County Detroit 48204 Oakman Boulevard Community

12604 Stoepel St, Detroit, MI

This home is located at 12604 Stoepel St, Detroit, MI 48238 since 12 July 2019 and is currently estimated at $91,099, approximately $28 per square foot. This property was built in 1932. 12604 Stoepel St is a home located in Wayne County with nearby schools including Durfee Elementary-Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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