NOT LISTED FOR SALE

12694 Monica St Detroit, MI 48238

Oakman Boulevard Community Neighborhood

Estimated Value: $72,457 - $78,000

6 Beds
2.5 Baths
2,600 Sq Ft
$29/Sq Ft Est. Value

Last Sold December 02, 2023

Last sale price $66,500 $26 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $478/month

122 Days on Market

Highlights

  • Hot Water Heating System
  • Garage
  • Dogs and Cats Allowed
  • Cass Technical High School Rated 10

About This Home

As of December 2023

12694 and 12696 Monica - 2 UNITS DUPLEX TOTAL 6 beds 2 baths
Downstairs 3 bed 1 bath full basement
Upstairs 3 bed 1 bath full basement
Full backyard with 2 car garage!
This Property just needs a little tender, love, and care to make this investment/gem to your portfolio. This home would be perfect for an investor looking to purchase an investment home almost ready to collect some monthly rental income or make this home your own! Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Last Agent to Sell the Property

Rashad Elabed

JNA Real Estate License #6501406301 Listed on: 07/22/2023

Last Buyer's Agent

Christopher Hubel

EXP Realty - Shelby License #RCO-6501406271

EXP Realty - Shelby

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35 x 108

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16021058.

Community Details

Overview

  • 2 Units
  • Robert Oakmans Ford Hwy & Glendale Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 24100.0000
  • Year Renovated: 1928
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Circuit Breakers
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2600
  • Total Sq Ft: 2600
  • Sq Ft Total Bsmt: 1300

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 3500.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35 x 108
  • Parcel Number: 16021058.
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 1959.0000
  • Tax Amount Winter: 196.0000
  • Total Tax: 2155.0000
  • Taxable Value: 24100.0000

Multi Family

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

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2023
Closed on
Dec 1, 2023
Sold by
Detroit Real Estate Investments Llc
Bought by
Monica Oakman Trust
Seller's Agent
Rashad Elabed
JNA Real Estate
Buyer's Agent
Christopher Hubel
EXP Realty - Shelby
List Price
$69,900
Sold Price
$66,500
Premium/Discount to List
-$3,400
-4.86%
Views
142
Current Estimated Value
$74,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,614
Avg. Annual Appreciation
6.67%
Original Mortgage
$500,000
Outstanding Balance
$492,452
Interest Rate
7.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$418,338

Purchase Details

Closed on
Nov 11, 2019
Sold by
Ppt Partners Llc
Bought by
Vj Developments Llc

Purchase Details

Closed on
Sep 18, 2019
Sold by
Mlc Rentals Llc
Bought by
Ppt Partners Llc

Purchase Details

Closed on
Oct 20, 2017
Sold by
Sabree Eric R
Bought by
S Hagerman Mlc Rentals Llc

Purchase Details

Closed on
Dec 10, 2014
Sold by
Skyline Ministries
Bought by
Skyline Outreach Non Profit Housing Corp

Purchase Details

Closed on
Sep 23, 2009
Sold by
Morgan Arthur
Bought by
Us Bank National Association
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
Monica Oakman Trust $66,500 Embassy Title Agency
Monica Oakman Trust $66,500 Embassy Title Agency
Detroit Real Estate Investments Llc $58,000 Embassy Title Agency
Detroit Real Estate Inv Llc $58,000 Embassy Title Agency
Vj Developments Llc $100,000 First American Title
Ppt Partners Llc $34,000 None Available
Mlc Rentals Llc -- None Available
S Hagerman Mlc Rentals Llc $6,700 None Available
Skyline Outreach Non Profit Housing Corp -- None Available
Us Bank National Association $70,907 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simply Well Communities Llc $500,000
Closed Monica Oakman Trust $500,000
Previous Owner Morgan Arthur $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2023 12/02/23 Sold $66,500 -4.9% $26 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $69,900 0.0% $27 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
11/06/2023 11/06/23 Price Changed $69,900 -11.5% $27 / Sq Ft
11/02/2023 11/02/23 Price Changed $79,000 -1.1% $30 / Sq Ft
10/30/2023 10/30/23 Price Changed $79,900 -11.1% $31 / Sq Ft
09/09/2023 09/09/23 Price Changed $89,900 -21.8% $35 / Sq Ft
07/22/2023 07/22/23 For Sale $114,900 -- $44 / 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 $2,948 $43,500 $0 $0
2024 $2,948 $37,800 $0 $0
2023 $2,018 $29,800 $0 $0
2022 $2,155 $24,100 $0 $0
2021 $2,095 $20,100 $0 $0
2020 $2,349 $22,700 $0 $0
2019 $1,004 $7,500 $0 $0
2018 $1,456 $14,500 $0 $0
2017 $279 $17,100 $0 $0
2016 $1,297 $52,800 $0 $0
2015 $1,072 $15,400 $0 $0
2013 $1,568 $21,362 $0 $0
2010 -- $30,608 $860 $29,748
Source: Public Records

Agents Affiliated with this Home

  • Rashad Elabed

    Seller's Agent in 2023

    Rashad Elabed

    JNA Real Estate

    (734) 497-5558

    2 in this area

    73 Total Sales

    Section Image
  • Christopher Hubel

    Buyer's Agent in 2023

    Christopher Hubel

    EXP Realty - Shelby

    (248) 568-6030

    1 in this area

    119 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230059688

Realcomp

APN: 16-021058

Michigan Wayne County Detroit 48238 Oakman Boulevard Community

12694 Monica St, Detroit, MI

This home is located at 12694 Monica St, Detroit, MI 48238 since 22 July 2023 and is currently estimated at $74,114, approximately $28 per square foot. This property was built in 1928. 12694 Monica 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.

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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