NOT LISTED FOR SALE

12824 Steel St Detroit, MI 48227

Grand River-I96 Neighborhood

Estimated Value: $183,000 - $217,000

8 Beds
4 Baths
3,796 Sq Ft
$52/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $184,500 $49 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,365/month

53 Days on Market

Highlights

  • Cape Cod Architecture
  • Enclosed Patio or Porch
  • Programmable Thermostat
  • Cass Technical High School Rated 10
  • Balcony
  • Hot Water Heating System

About This Home

As of July 2023

Rare Investment Opportunity in the Pride Area Community of Detroit. This Value-Add 4 Unit Multi-Family that includes a 4 car garage located in the Pride Area Community. All of the units have been renovated and one of them is currently tenant occupied. Lots of potential. Land Contract available at a purchase price of $245,000. Contact for Land Contract Terms. Don't miss out!

Last Agent to Sell the Property

Jay Naim

EXP Realty Main License #6501426431 Listed on: 05/04/2023

EXP Realty Main

Co-Listed By

Fadi Dabaja

EXP Realty Main License #6501362745

Last Buyer's Agent

Nathaniel Walker

C-RED Realty Group, LLC License #6501447778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927 | Remodeled in 2019

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 23.00 x 283.00
  • Fenced

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,796 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Parking

  • 7 Car Garage
  • Lighted Parking
  • On-Street Parking
  • Off-Site Parking
  • Assigned Parking
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Sewer in Street
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number W22I022190S

Community Details

Overview

  • 4 Units
  • John M. Welchs Mayview Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,034

Year Built

Built in 1927 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Cape Cod, Colonial
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1927
  • State Equalized Value: 31100.0000
  • Year Renovated: 2019
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Carbon Monoxide Alarm(s), Laundry Facility, High Spd Internet Avail, Programmable Thermostat
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 3796
  • Total Sq Ft: 3796
  • Sq Ft Total Bsmt: 1898

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 246
  • Porch Type: Balcony, Porch - Covered, Porch - Enclosed, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages, Assigned Spaces, Lighted, Off Site, On Street, Paved, Unassigned/General
  • Total Parking Spaces: 7

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: Yes

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 23.00 x 283.00
  • Parcel Number: W22I022190S
  • Zone Conform: Yes
  • Zoning: Multi-Family, Residential

Rental Info

  • Deposit Amount: 60000.00
  • Monthly Rental Income: 850

Tax Info

  • Tax Amount Summer: 1841.0000
  • Tax Amount Winter: 193.0000
  • Total Tax: 2034.0000
  • Taxable Value: 20529.0000

Multi Family

  • Gross Scheduled Income: 40800.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
Jul 6, 2023
Sold by
Jag Real Estate Holdings Llc
Bought by
Haywood Ron
Seller's Agent
Jay Naim
EXP Realty Main
Buyer's Agent
Nathaniel Walker
C-RED Realty Group, LLC
List Price
$199,900
Sold Price
$184,500
Premium/Discount to List
-$15,400
-7.7%
Views
325
Current Estimated Value
$197,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,866
Avg. Annual Appreciation
3.80%
Original Mortgage
$138,350
Outstanding Balance
$135,138
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$64,767

Purchase Details

Closed on
Mar 1, 2019
Sold by
Dj Enterprise Acquistion Llc
Bought by
Jag Real Estate Holdings Llc

Purchase Details

Closed on
Feb 25, 2019
Sold by
Trinity Fund Llc
Bought by
Dj Enterprise Acquisition Llc

Purchase Details

Closed on
Oct 11, 2018
Sold by
Sabree Eric R
Bought by
Trinity Fund Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Haywood Ron $185,000 None Listed On Document
Jag Real Estate Holdings Llc $117,000 None Available
Dj Enterprise Acquisition Llc $70,000 None Available
Trinity Fund Llc $12,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haywood Ron $138,350
Previous Owner Gales Janiece $99,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $184,500 -7.7% $49 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $199,900 -- $53 / 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 $3,482 $53,200 $0 $0
2024 $3,482 $42,900 $0 $0
2023 $1,899 $34,500 $0 $0
2022 $2,034 $31,100 $0 $0
2021 $1,975 $22,400 $0 $0
2020 $1,974 $19,600 $0 $0
2019 $800 $19,600 $0 $0
2018 $816 $23,000 $0 $0
2017 $115 $27,100 $0 $0
2016 $874 $7,000 $0 $0
2015 $700 $7,000 $0 $0
2013 $979 $9,785 $0 $0
2010 -- $14,019 $666 $13,353
Source: Public Records

Agents Affiliated with this Home

  • Jay Naim

    Seller's Agent in 2023

    Jay Naim

    EXP Realty Main

    (313) 571-6581

    2 in this area

    97 Total Sales

    Jay Naim
    Section Image
  • Fadi Dabaja

    Seller Co-Listing Agent in 2023

    Fadi Dabaja

    EXP Realty Main

    (248) 321-1680

    1 in this area

    221 Total Sales

    Fadi Dabaja
    Section Image

  • N

    Buyer's Agent in 2023

    Nathaniel Walker

    C-RED Realty Group, LLC

    (954) 258-5634

    1 in this area

    11 Total Sales

    Nathaniel Walker
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230032049

Realcomp

APN: 22-022190

Michigan Wayne County Detroit 48227 Grand River-I96

12824 Steel St, Detroit, MI

This home is located at 12824 Steel St, Detroit, MI 48227 since 04 May 2023 and is currently estimated at $197,366, approximately $51 per square foot. This property was built in 1927. 12824 Steel St is a home located in Wayne County with nearby schools including Noble 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

Nearby Homes