NOT LISTED FOR SALE

Estimated Value: $66,000 - $74,000

3 Beds
2 Baths
1,755 Sq Ft
$39/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $55,825 $32 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $480/month

16 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 2 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of July 2023

Cash flowing two unit multifamily. Add this already performing to home your portfolio. This home is perfect for a new investor looking to start a portfolio or a seasoned pro!!! Don' not disturb tenants. No showings without a signed offer.

Last Agent to Sell the Property

Damian Hickman

EXP Realty Main License #6501363263 Listed on: 05/08/2023

EXP Realty Main

Co-Listed By

Jazzmine Wiggins

EXP Realty Main License #6501421573

Last Buyer's Agent

Adrienne Ponce

EXP Realty Main License #6501439342

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00 x 103.00

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,755 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W22I037750S

Community Details

Overview

  • 2 Units
  • Strathmoor Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$712

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1925
  • State Equalized Value: 8200.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1755
  • Total Sq Ft: 1755
  • Sq Ft Total Bsmt: 1020

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 611111.1100
  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00 x 103.00
  • Parcel Number: W22I037750S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water
  • Monthly Rental Income: 1650

Tax Info

  • Tax Amount Summer: 661.0000
  • Tax Amount Winter: 51.0000
  • Total Tax: 712.0000
  • Taxable Value: 5402.0000

Multi Family

  • Gross Scheduled Income: 19800.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jul 12, 2023
Sold by
Washington Jeanine
Bought by
Grant-Stuart Christine A
Seller's Agent
Damian Hickman
EXP Realty Main
Buyer's Agent
Adrienne Ponce
EXP Realty Main
List Price
$70,000
Sold Price
$55,825
Premium/Discount to List
-$14,175
-20.25%
Total Days on Market
16
Views
126
Current Estimated Value
$70,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,118
Avg. Annual Appreciation
11.02%
Original Mortgage
$41,869
Outstanding Balance
$41,074
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$28,164

Purchase Details

Closed on
Feb 6, 2011
Sold by
Elm Investment Co
Bought by
Pope Jeanine

Purchase Details

Closed on
Nov 29, 2010
Sold by
Wojtowicz Raymond J
Bought by
Elm Investment Co
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
Grant-Stuart Christine A $55,825 None Listed On Document
Pope Jeanine -- None Available
Elm Investment Co $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant-Stuart Christine A $41,869
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $55,825 +1.5% $32 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/23/2023 05/23/23 Price Changed $55,000 -15.4% $31 / Sq Ft
05/20/2023 05/20/23 Price Changed $65,000 -7.1% $37 / Sq Ft
05/08/2023 05/08/23 For Sale $70,000 -- $40 / 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
2024 $1,086 $11,100 $0 $0
2023 $677 $8,740 $0 $0
2022 $712 $8,200 $0 $0
2021 $697 $5,780 $0 $0
2020 $696 $6,200 $0 $0
2019 $688 $5,940 $0 $0
2018 $621 $7,000 $0 $0
2017 $92 $8,300 $0 $0
2016 $667 $5,600 $0 $0
2015 $560 $5,600 $0 $0
2013 $698 $6,977 $0 $0
2010 -- $9,995 $818 $9,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230035010

Realcomp

APN: 22-037750