NOT LISTED FOR SALE

Estimated Value: $162,000 - $305,000

5 Beds
2 Baths
3,032 Sq Ft
$75/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $120,000 $40 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,488/month

31 Days on Market

About This Home

As of February 2020

Welcome to 1265 25th st!! Mexicantown-Southwest Detroit 2 family property. Just minutes from Downtown Detroit and Canada. Perfect for home owner or Investor looking to capture this gem . Lots of originality throughout. Large spacious rooms . Updated bathroom and kitchen on the first floor. Natural fireplace located in the master bedroom. Upstairs unit was used for family and guests , not currently rented. Need 2 hour notice to show. BTVAI

Last Agent to Sell the Property

Alex Farhat

Own It Realty License #6506047996 Listed on: 01/06/2020

Last Buyer's Agent

Alex Farhat

Own It Realty License #6506047996 Listed on: 01/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1908

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00x110.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,032 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W12I009665S

Community Details

Overview

  • 2 Units
  • Davis Sub Of Part Pc 78 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,390

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1908
  • State Equalized Value: 19100.0000
  • Pets Allowed: Yes
  • 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: 3032
  • Total Sq Ft: 3032
  • Sq Ft Total Bsmt: 1200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick Veneer (Brick Siding), Wood
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1750000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00X110.00
  • Parcel Number: W12I009665S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 1260.0000
  • Tax Amount Winter: 130.0000
  • Total Tax: 1390.0000
  • Taxable Value: 13696.0000

Multi Family

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

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 14, 2020
Sold by
Morales Martin and Morales Karla
Bought by
Steiger Erik and Steiger Jon
Seller's Agent
Alex Farhat
Own It Realty
Buyer's Agent
Alex Farhat
Keller Williams Legacy
List Price
$189,500
Sold Price
$120,000
Premium/Discount to List
-$69,500
-36.68%
Total Days on Market
31
Current Estimated Value
$227,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,135
Avg. Annual Appreciation
10.85%

Purchase Details

Closed on
Jan 28, 2016
Sold by
Flores Juan
Bought by
Morales Martin and Morales Karla
Source: Public Records

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Range of Values:

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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
Steiger Erik $120,000 V1 Title Agency
Morales Martin $20,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $120,000 -31.4% $40 / Sq Ft
02/12/2020 02/12/20 Price Changed $175,000 0.0% $58 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $175,000 +16.7% $58 / Sq Ft
01/31/2020 01/31/20 Price Changed $150,000 -14.3% $49 / Sq Ft
01/14/2020 01/14/20 Price Changed $175,000 -7.7% $58 / Sq Ft
01/06/2020 01/06/20 For Sale $189,500 -- $63 / 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
2024 $2,558 $65,300 $0 $0
2023 $2,486 $50,700 $0 $0
2022 $2,669 $35,900 $0 $0
2021 $1,475 $26,900 $0 $0
2020 $1,412 $25,300 $0 $0
2019 $1,390 $19,100 $0 $0
2018 $1,370 $14,500 $0 $0
2017 $248 $13,100 $0 $0
2016 $982 $30,400 $0 $0
2015 $720 $7,200 $0 $0
2013 $802 $8,024 $0 $0
2010 -- $11,497 $492 $11,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200001038

Realcomp

APN: 12-009665