NOT LISTED FOR SALE

12797 Monica St Detroit, MI 48238

Oakman Boulevard Community Neighborhood

Estimated Value: $103,000 - $141,000

6 Beds
2 Baths
2,505 Sq Ft
$49/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $124,999 $50 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $756/month

75 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Dogs and Cats Allowed
  • Cass Technical High School Rated 10
  • 2 Car Garage

About This Home

As of June 2024

**INVESTOR SPECIAL**- Rare opportunity to own a multi-family in one of Detroit's most desired neighborhoods! Currently cash flowing at $1,550/month! Turnkey duplex in the Oakman Blvd community which boasts some of the highest property values on the Northwest side. Bordering the historic neighborhood of Russel Woods! Massive all-brick structure with over 2500 sqft of living space, a huge opportunity to increase cash flow during next tenant cycle! Please do not disturb tenants, schedule a showing today!

Last Agent to Sell the Property

Wael Nehme

U.S. Investor Group License #6501453870 Listed on: 03/22/2024

Co-Listed By

Sam Berri

U.S. Investor Group License #6501413969

Last Buyer's Agent

Shane Snow

Keller Williams Paint Creek License #6501449746

Keller Williams Paint Creek

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 36.00 x 108.00

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,505 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W16I021924S
  • $2,498 Seller Concession

Community Details

Overview

  • 2 Units
  • Robert Oakmans Ford Hwy & Glendale Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,633

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1926
  • State Equalized Value: 20100.0000
  • Pets Allowed: Cats OK, Dogs OK
  • 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: 2505
  • Total Sq Ft: 2505
  • Sq Ft Total Bsmt: 1255

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 36.00 x 108.00
  • Parcel Number: W16I021924S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1550

Tax Info

  • Tax Amount Summer: 1492.0000
  • Tax Amount Winter: 141.0000
  • Total Tax: 1633.0000
  • Taxable Value: 14967.0000

Multi Family

  • Gross Scheduled Income: 18050.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Jun 21, 2024
Sold by
Bricksave 055 Llc
Bought by
Peterson Albert
Seller's Agent
Wael Nehme
U.S. Investor Group
Buyer's Agent
Shane Snow
Keller Williams Paint Creek
List Price
$129,900
Sold Price
$124,999
Premium/Discount to List
-$4,901
-3.77%
Views
132
Current Estimated Value
$121,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,258
Avg. Annual Appreciation
-7.23%
Original Mortgage
$93,675
Outstanding Balance
$92,877
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$21,105

Purchase Details

Closed on
Nov 24, 2020
Sold by
Rpj Real Estate Llc
Bought by
Bricksave 055 Llc

Purchase Details

Closed on
Oct 16, 2020
Sold by
Olcamato Llc
Bought by
Rpj Real Estate Llc

Purchase Details

Closed on
Jan 5, 2017
Sold by
Det 123 Fund Llc
Bought by
Olcamato Llc

Purchase Details

Closed on
Nov 30, 2015
Sold by
Wayne County Treasurer
Bought by
Det 123 Fund Llc
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
Peterson Albert $124,900 Paramount Title
Bricksave 055 Llc $84,900 Embassy Title Agency Inc
Rpj Real Estate Llc $16,000 None Listed On Document
Olcamato Llc -- None Available
Det 123 Fund Llc $5,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Albert $93,675
Closed Peterson Albert $93,675
Previous Owner Vaughn James O $60,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $124,999 -3.8% $50 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $129,900 -- $52 / 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 $1,284 $29,400 $0 $0
2024 $1,284 $25,400 $0 $0
2023 $1,492 $20,100 $0 $0
2022 $1,586 $16,400 $0 $0
2021 $1,545 $13,800 $0 $0
2020 $1,494 $15,500 $0 $0
2019 $1,473 $14,500 $0 $0
2018 $1,302 $12,500 $0 $0
2017 $174 $11,700 $0 $0
2016 $1,150 $36,700 $0 $0
2015 $1,370 $13,700 $0 $0
2013 $1,564 $19,018 $0 $0
2010 -- $27,249 $885 $26,364
Source: Public Records

Agents Affiliated with this Home

  • Wael Nehme

    Seller's Agent in 2024

    Wael Nehme

    U.S. Investor Group

    (313) 354-5334

    1 in this area

    56 Total Sales

    Wael Nehme
    Section Image
  • Sam Berri

    Seller Co-Listing Agent in 2024

    Sam Berri

    U.S. Investor Group

    (248) 255-9114

    1 in this area

    153 Total Sales

    Sam Berri
    Section Image

  • S

    Buyer's Agent in 2024

    Shane Snow

    Keller Williams Paint Creek

    (313) 398-5166

    3 in this area

    44 Total Sales

    Shane Snow
    Section Image
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Map

Source: Realcomp

MLS Number: 20240016325

Realcomp

APN: 16-021924

Michigan Wayne County Detroit 48238 Oakman Boulevard Community

12797 Monica St, Detroit, MI

This home is located at 12797 Monica St, Detroit, MI 48238 since 22 March 2024 and is currently estimated at $121,741, approximately $48 per square foot. This property was built in 1926. 12797 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
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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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