NOT LISTED FOR SALE

12839 Steel St Detroit, MI 48227

Grand River-I96 Neighborhood

Estimated Value: $150,000 - $170,000

8 Beds
4 Baths
3,024 Sq Ft
$53/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $146,000 $48 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,092/month

36 Days on Market

About This Home

As of October 2021

THIS BRICK 4 UNIT QUAD MONEY MAKER IS LOCATED ON THE WEST SIDE OF THE CITY. 3 UNITS ARE OCCUPIED, ALL UNITS ARE 2 BEDROOM 1 BATH. OWNER PAYS WATER, TENANTS PAY OTHER UTILITIES. THIS IS A TURN KEY OPPORTUNITY FOR THE INVESTOR. ALL UNITS HAVE THEIR OWN SEPERATE FURNACE AND HOT WATER TANKS.

Last Agent to Sell the Property

Ray Carodine

EXP Realty Main License #6501305704 Listed on: 08/11/2021

EXP Realty Main

Last Buyer's Agent

Nathan White

DET Property LLC License #6502389816

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x115.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,024 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W22I023062S

Community Details

Overview

  • 4 Units
  • John M. Welchs Mayview Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$706

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 13600.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 3024
  • Total Sq Ft: 3024
  • Sq Ft Total Bsmt: 800

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X115.00
  • Parcel Number: W22I023062S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 2200

Tax Info

  • Tax Amount Summer: 656.0000
  • Tax Amount Winter: 50.0000
  • Total Tax: 706.0000
  • Taxable Value: 5266.0000

Multi Family

  • Gross Scheduled Income: 26400.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Regal 427 Enterprises Llc
Bought by
8200 Schaefer Highway Llc
Current Estimated Value
$161,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 11, 2021
Closed on
Oct 1, 2021
Sold by
Transitional Home Llc
Bought by
Jademich Investment Group Llc
Seller's Agent
Ray Carodine
EXP Realty Main
Buyer's Agent
Nathan White
DET Property LLC
List Price
$249,000
Sold Price
$146,000
Premium/Discount to List
-$103,000
-41.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.63%

Purchase Details

Closed on
Oct 16, 2020
Sold by
Mason Sheila and The Sheila Mason Trust
Bought by
Transitional Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
1.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2017
Sold by
Mason Sheila
Bought by
Mason Sheila and Sheila Mason Trust
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
8200 Schaefer Highway Llc $155,000 Regions Title
Regal 427 Enterprises Llc $137,000 Regions Title
Regal 427 Enterprises Llc $137,000 Regions Title
Jademich Investment Group Llc $146,000 Regions Title Agency Llc
Jademich Investment Group Llc $146,000 None Listed On Document
Transitional Homes Llc $82,000 Speedy T&E Svcs Llc
Mason Sheila -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 8200 Schaefer Highway Llc $124,000
Previous Owner Transitional Homes Llc $240,000
Previous Owner Ron Wish Llc $60,000
Previous Owner Mason Sheila I $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $146,000 -8.2% $48 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/08/2021 09/08/21 Price Changed $159,000 -20.1% $53 / Sq Ft
08/30/2021 08/30/21 Price Changed $199,000 -4.8% $66 / Sq Ft
08/20/2021 08/20/21 Price Changed $209,000 -16.1% $69 / Sq Ft
08/11/2021 08/11/21 For Sale $249,000 -- $82 / 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 $2,540 $37,800 $0 $0
2024 $2,540 $30,400 $0 $0
2023 $2,002 $24,700 $0 $0
2022 $2,146 $21,800 $0 $0
2021 $706 $15,700 $0 $0
2020 $706 $13,600 $0 $0
2019 $697 $13,600 $0 $0
2018 $729 $16,000 $0 $0
2017 $94 $18,700 $0 $0
2016 $776 $5,800 $0 $0
2015 $580 $5,800 $0 $0
2013 $727 $7,268 $0 $0
2010 -- $10,414 $657 $9,757
Source: Public Records

Agents Affiliated with this Home

  • Ray Carodine

    Seller's Agent in 2021

    Ray Carodine

    EXP Realty Main

    (248) 497-8787

    1 in this area

    64 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Nathan White

    DET Property LLC

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Map

Source: Realcomp

MLS Number: 2210066089

Realcomp

APN: 22-023062

Michigan Wayne County Detroit 48227 Grand River-I96

12839 Steel St, Detroit, MI

This home is located at 12839 Steel St, Detroit, MI 48227 since 11 August 2021 and is currently estimated at $161,438, approximately $53 per square foot. This property was built in 1926. 12839 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
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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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