NOT LISTED FOR SALE

12703 Stoepel St Detroit, MI 48238

Oakman Boulevard Community Neighborhood

Estimated Value: $162,000 - $222,000

-- Bed
3 Baths
2,600 Sq Ft
$73/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $183,500 $71 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $997/month

83 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Laundry Facilities
  • Cass Technical High School Rated 10

About This Home

As of April 2024

3 Unit multi-family for sale. Includes 2 vacant lots next to it. 1 unit currently occupied, 2 units vacant, but in process of being marketed and filled. Multiple city inspections and lead risk conducted, but didn't complete the repairs in allotted time for certification. Lots of updates throughout! New water heaters, new roof, new furnaces, new plumbing and wiring. Common Basement with laundry. Separate Gas and electric meters.

Last Agent to Sell the Property

Kelly Norber

Palladium Realty License #6501362159 Listed on: 01/11/2024

Last Buyer's Agent

Charlene Hunter

C Miles Realty LLC License #6501449970

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,441

Year Built

  • Built in 1927

Lot Details

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

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace
  • Gas Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • Cable TV Available

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,441

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1927
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 35 x 108
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1441.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Common Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 189000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, In Basement
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Cable Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 35 x 108
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1441.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Apr 29, 2024
Sold by
Six David R and Jackson Angela L
Bought by
Morales Juan Ramon
Seller's Agent
Kelly Norber
Palladium Realty
Buyer's Agent
Charlene Hunter
C Miles Realty LLC
List Price
$189,000
Sold Price
$183,500
Premium/Discount to List
-$5,500
-2.91%
Views
61
Current Estimated Value
$159,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,066
Avg. Annual Appreciation
-9.96%
Original Mortgage
$137,625
Outstanding Balance
$136,192
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$24,251

Purchase Details

Listed on
Mar 21, 2022
Closed on
May 20, 2022
Sold by
Six David R and Jackson Angela L
Bought by
Six & Company Properties Llc
Seller's Agent
Velneice Martin
RCH Brokerage Legacy Inc
Buyer's Agent
Tracy Petersen
Palladium Realty
Sold Price
$142,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$106,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2021
Sold by
Valnedra Rosser
Bought by
Rosser Valnedra and Henderson Gather

Purchase Details

Closed on
Feb 4, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Rosser Valnedra

Purchase Details

Closed on
Jan 12, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Nov 7, 2013
Sold by
Wayne County Treasurer
Bought by
The Energetic & Agricultural Center Of H

Purchase Details

Closed on
Mar 1, 2005
Sold by
Goolsby Charilyn and Hackney Charilyn
Bought by
Goolsby Charilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
8.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2003
Sold by
Sailor Elroy
Bought by
Hackney Charilyn
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
Morales Juan Ramon $183,500 None Listed On Document
Six David R -- None Listed On Document
Six & Company Properties Llc -- None Listed On Document
Six David R $142,000 None Listed On Document
Six & Company Properties Llc -- None Listed On Document
Rosser Valnedra -- None Listed On Document
Rosser Valnedra -- None Available
Detroit Land Bank Authority -- None Available
The Energetic & Agricultural Center Of H $500 None Available
Goolsby Charilyn -- Bell Title Co
Hackney Charilyn $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Juan Ramon $137,625
Previous Owner Six David R $106,500
Previous Owner Goolsby Charilyn $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $183,500 -2.9% $71 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $189,000 0.0% $73 / Sq Ft
12/27/2022 12/27/22 Rented $1,300 -7.1% --
12/22/2022 12/22/22 Under Contract -- -- --
11/30/2022 11/30/22 For Rent $1,400 0.0% --
05/20/2022 05/20/22 Sold $142,000 -- $55 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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 $1,484 $23,100 $0 $0
2024 $1,484 $19,800 $0 $0
2023 $1,441 $15,600 $0 $0
2022 $1,296 $14,100 $0 $0
2021 $1,261 $11,700 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $10,500 $0 $0
2017 $115 $9,800 $0 $0
2016 $874 $29,600 $0 $0
2015 $627 $6,300 $0 $0
2013 $1,443 $17,389 $0 $0
2010 -- $24,915 $860 $24,055
Source: Public Records

Agents Affiliated with this Home

  • Kelly Norber

    Seller's Agent in 2024

    Kelly Norber

    Palladium Realty

    (248) 820-1542

    1 in this area

    8 Total Sales

    Section Image

  • C

    Buyer's Agent in 2024

    Charlene Hunter

    C Miles Realty LLC

    Section Image

  • V

    Seller's Agent in 2022

    Velneice Martin

    RCH Brokerage Legacy Inc

    Section Image
  • Tracy Petersen

    Seller's Agent in 2022

    Tracy Petersen

    VM Real Estate Group

    (248) 470-0216

    3 in this area

    59 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24002968

Southwestern Michigan Association of REALTORS®

APN: 16-019694

Michigan Wayne County Detroit 48238 Oakman Boulevard Community

12703 Stoepel St, Detroit, MI

This home is located at 12703 Stoepel St, Detroit, MI 48238 since 11 January 2024 and is currently estimated at $188,896, approximately $72 per square foot. This property was built in 1927. 12703 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.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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