NOT LISTED FOR SALE

13139 Dexter Ave Detroit, MI 48238

Russell Woods Neighborhood

Estimated Value: $236,826

24 Beds
24 Baths
23,440 Sq Ft
$10/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $160,000 $7 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,534/month

334 Days on Market

Highlights

  • Lobby
  • Heating System Uses Steam
  • 2-minute walk to Zussman Park
  • Cass Technical High School Rated 10

About This Home

As of March 2020

AMAZING INVESTMENT OPPORTUNITY!

24 unit apartment building with 4 commercial store fronts off of Dexter Ave. Located near the area of Livernois & Davidson!

Building is currently vacant except for one of the commercial store fronts. All income figures are projected. Needs a complete renovation, but there is so much potential here!

Last Agent to Sell the Property

Ryan Heward

Golden Key Real Estate License #6502401117 Listed on: 03/01/2019

Last Buyer's Agent

Ryan Bostwick

EXP Realty LLC License #RCO-6501412160

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 68.00x100.00

Parking

  • Unassigned Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 24 Full Bathrooms
  • 23,440 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W14I006180S

Community Details

Overview

  • 24 Units
  • Sullivans Dexter Blvd No 1 Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 4-10 Story
  • Assessment: 100
  • Year Built: 1928
  • State Equalized Value: 43400.0000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24.00
  • Full Bathrooms: 24
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Sq Ft Combined: 23440
  • Total Sq Ft: 23440
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 68
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Unassigned/General

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1562500.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 68.00X100.00
  • Parcel Number: W14I006180S
  • Zone Conform: Yes
  • Zoning: Multiple

Rental Info

  • Rent Includes: Electric, Trash Collection (Garbage Pickup), Heat, Water/Sewer
  • Monthly Rental Income: 13200

Tax Info

  • Tax Amount Summer: 3273.0000
  • Tax Amount Winter: 55729.0000
  • Total Tax: 59002.0000
  • Taxable Value: 41207.0000

Multi Family

  • Gross Scheduled Income: 158400.00
  • Number Of Units Total: 24
  • Unit Count: 3
  • Number of Efficiency Units: 4
  • Number of One Bedroom Units: 16
  • Number of Two Bedroom Units: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Mar 18, 2020
Sold by
Tao Yin
Bought by
The Dexter Corner Llc
Seller's Agent
Ryan Heward
Golden Key Real Estate
Buyer's Agent
Ryan Bostwick
EXP Realty LLC
List Price
$300,000
Sold Price
$160,000
Premium/Discount to List
-$140,000
-46.67%
Current Estimated Value
$236,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,826
Avg. Annual Appreciation
7.29%

Purchase Details

Closed on
Jan 23, 2019
Sold by
Yin Hua Ming and Yin Tao
Bought by
Tao Yin

Purchase Details

Closed on
May 27, 2015
Sold by
Pom Investors Llc
Bought by
Hua Ming

Purchase Details

Closed on
May 26, 2015
Sold by
Dolphin Group Properties Llc
Bought by
Pom Investors Llc

Purchase Details

Closed on
Oct 1, 2014
Sold by
Tyler Apartments Llc
Bought by
Dolphin Group Properties Llc
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
The Dexter Corner Llc $160,000 None Available
Tao Yin -- None Available
Hua Ming $768,000 Embassy Title Agency Inc
Pom Investors Llc -- Attorney
Dolphin Group Properties Llc $115,000 Embassy Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Sharon L $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2020 03/19/20 Sold $160,000 -36.0% $7 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
06/19/2019 06/19/19 Price Changed $250,000 -16.7% $11 / Sq Ft
03/01/2019 03/01/19 For Sale $300,000 -- $13 / 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 $8,001 $253,400 $0 $0
2024 $8,001 $220,000 $0 $0
2023 $7,790 $159,600 $0 $0
2022 $9,464 $141,000 $0 $0
2021 $9,208 $92,100 $0 $0
2020 $11,864 $114,900 $0 $0
2019 $4,834 $104,200 $0 $0
2018 $3,273 $43,400 $0 $0
2017 $111,459 $40,600 $0 $0
2016 $10,011 $554,800 $0 $0
2015 $4,000 $40,000 $0 $0
2013 $4,000 $40,000 $0 $0
2010 -- $122,141 $6,300 $115,841
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ryan Heward

    Golden Key Real Estate

    Section Image
  • Ryan Bostwick

    Buyer's Agent in 2020

    Ryan Bostwick

    EXP Realty LLC

    (810) 858-2764

    34 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 219017200

Realcomp

APN: 14-006180

Michigan Wayne County Detroit 48238 Russell Woods

13139 Dexter Ave, Detroit, MI

This home is located at 13139 Dexter Ave, Detroit, MI 48238 since 01 March 2019 and is currently estimated at $236,826, approximately $10 per square foot. This property was built in 1928. 13139 Dexter Ave 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.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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