NOT LISTED FOR SALE

Estimated Value: $62,000 - $143,000

5 Beds
2 Baths
2,330 Sq Ft
$42/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $57,500 $25 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $562/month

67 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of December 2023

Attention Investors!!! Brick Multifamily Investment Property located in the Davison School-craft area with easy access from I-96 Freeway. This property has the potential to be converted in a 6/2 unit. The lower unit is 2 bedroom, 1 bathroom, kitchen, living room and dining room, it can be easily converted in a 3 bedroom. Upper unit is 3 bedroom, 1 bathroom, kitchen, living room and dining room. BOTH UNITS ARE VACANT. The lower unit is technically in move-in condition but the upper unit needs work. Rents in the area are a minimum of $800 for 2 beds and $1000 for 3 beds. BATVI. Schedule your showing today! BACK ON THE MARKET NO FAULT OF THE SELLER.

Last Agent to Sell the Property

Andreina Mendoza-Herrera

RE/MAX Leading Edge License #6501430016 Listed on: 09/29/2023

RE/MAX Leading Edge

Last Buyer's Agent

Daryl Harris

Black Diamond Realty License #RCO-6502417672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2019

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35.00 x 105.00

Parking

  • 1 Parking Space

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,330 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Greenfield Park No 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I032453S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$476

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1925
  • State Equalized Value: 1700.0000
  • Year Renovated: 2019
  • Pets Allowed: No
  • 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: 2330
  • Total Sq Ft: 2330
  • Sq Ft Total Bsmt: 1165

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 1

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 35.00 x 105.00
  • Parcel Number: W16I032453S
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 461.0000
  • Tax Amount Winter: 15.0000
  • Total Tax: 476.0000
  • Taxable Value: 1549.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Dec 22, 2023
Sold by
Coldfeet Estates Llc
Bought by
Jaidyn Properties Llc
Seller's Agent
Andreina Mendoza-Herrera
RE/MAX Leading Edge
Buyer's Agent
Daryl Harris
Black Diamond Realty
List Price
$75,000
Sold Price
$57,500
Premium/Discount to List
-$17,500
-23.33%
Views
320
Current Estimated Value
$98,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,775
Avg. Annual Appreciation
37.32%
Original Mortgage
$105,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2020
Sold by
Amarras Investments Llc
Bought by
Young Rider Llc

Purchase Details

Closed on
Nov 16, 2017
Sold by
Sabree Eric R
Bought by
Amarras Investments 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
Jaidyn Properties Llc $65,000 None Listed On Document
Coldfeet Estates Llc -- None Listed On Document
Young Rider Llc $36,900 First American Title
Amarras Investments Llc $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaidyn Properties Llc $133,000
Closed Jaidyn Properties Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $57,500 -14.2% $25 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/23/2023 11/23/23 Price Changed $67,000 -10.7% $29 / Sq Ft
11/01/2023 11/01/23 Price Changed $75,000 0.0% $32 / Sq Ft
11/01/2023 11/01/23 For Sale $75,000 -6.3% $32 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $80,000 -- $34 / 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 $334 $4,200 $0 $0
2024 $334 $3,100 $0 $0
2023 $465 $2,600 $0 $0
2022 $475 $1,700 $0 $0
2021 $671 $1,500 $0 $0
2020 $457 $1,400 $0 $0
2019 $455 $1,300 $0 $0
2018 $440 $1,300 $0 $0
2017 $25 $1,300 $0 $0
2016 $723 $4,300 $0 $0
2015 $510 $5,100 $0 $0
2013 $634 $6,337 $0 $0
2010 -- $9,079 $724 $8,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230083129

Realcomp

APN: 16-032453