NOT LISTED FOR SALE

Estimated Value: $111,000 - $183,000

4 Beds
2 Baths
2,140 Sq Ft
$71/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $165,000 $77 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $945/month

47 Days on Market

Highlights

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

About This Home

As of March 2024

MULTIPLE OFFERS. HIGHEST AND BEST FRIDAY AT 5PM. REDUCED. LOCATED 3 MINUTES FROM HISTORIC OAKMAN BLVD DISTRICT YOU WILL FIND 13648 NORTHLAWN NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 2 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1295 AND $1266 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THAT'S ALMOST A WHOPPING $2600 IN ONE MONTH. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Last Agent to Sell the Property

Marta Kopania

Realtyflo Inc License #6501424283 Listed on: 01/23/2024

Last Buyer's Agent

Brian Commer

Match Realty License #6506048435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926 | Remodeled in 2024

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 38.00 x 111.00

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,140 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W16I031686S

Community Details

Overview

  • 2 Units
  • John M Welch Jrs Wyoming Schoolcraft Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,333

Year Built

Built in 1926 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1926
  • State Equalized Value: 16400.0000
  • Year Renovated: 2024
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2140
  • Total Sq Ft: 2140
  • Sq Ft Total Bsmt: 1070

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 38.00 x 111.00
  • Parcel Number: W16I031686S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2561

Tax Info

  • Tax Amount Summer: 1229.0000
  • Tax Amount Winter: 104.0000
  • Total Tax: 1333.0000
  • Taxable Value: 11547.0000

Multi Family

  • Gross Scheduled Income: 30732.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2024
Closed on
Mar 29, 2024
Sold by
Wp Dynamics Llc
Bought by
Baican Gheorghe
Seller's Agent
Marta Kopania
Realtyflo Inc
Buyer's Agent
Brian Commer
Match Realty
List Price
$225,000
Sold Price
$165,000
Premium/Discount to List
-$60,000
-26.67%
Views
110
Current Estimated Value
$152,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,373
Avg. Annual Appreciation
-5.16%
Original Mortgage
$120,000
Outstanding Balance
$118,227
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$34,400

Purchase Details

Listed on
Aug 24, 2023
Closed on
Sep 29, 2023
Sold by
Pareso Llc
Bought by
Wp Dynamics Llc
Seller's Agent
Chanell Rice
Community Choice Realty Inc
Buyer's Agent
Chanell Rice
Community Choice Realty Inc
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%
Views
165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
989.00%

Purchase Details

Listed on
Jan 26, 2019
Closed on
Feb 13, 2019
Sold by
Thornton Enterprises Llc
Bought by
Pareso Llc
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Chanell Rice
Community Choice Realty Inc
List Price
$45,000
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%

Purchase Details

Closed on
Jul 26, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Homecomings Financial Network Inc

Purchase Details

Closed on
Jul 5, 2006
Sold by
Smith William
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 10, 2005
Sold by
Smith William
Bought by
Williams Pamela Elaine
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
Baican Gheorghe $150,000 Old Woodward Title
Wp Dynamics Llc $45,000 Alliance Title
Wp Dynamics Llc $45,000 Alliance Title
Pareso Llc $45,000 None Available
Homecomings Financial Network Inc -- E Title Agency
Mortgage Electronic Registration Systems $67,500 None Available
Williams Pamela Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baican Gheorghe D $120,000
Previous Owner Smith William $76,500
Previous Owner Smith William $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $165,000 0.0% $77 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
03/02/2024 03/02/24 Price Changed $165,000 -2.9% $77 / Sq Ft
02/19/2024 02/19/24 Price Changed $169,900 -2.9% $79 / Sq Ft
02/09/2024 02/09/24 Price Changed $175,000 -12.5% $82 / Sq Ft
02/02/2024 02/02/24 Price Changed $199,990 -11.1% $93 / Sq Ft
01/23/2024 01/23/24 For Sale $225,000 +350.0% $105 / Sq Ft
09/29/2023 09/29/23 Sold $50,000 -16.7% $23 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $60,000 0.0% $28 / Sq Ft
01/22/2020 01/22/20 Rented $775 -0.6% --
01/02/2020 01/02/20 Under Contract -- -- --
12/27/2019 12/27/19 For Rent $780 0.0% --
02/13/2019 02/13/19 Sold $45,000 0.0% $21 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $45,000 -- $21 / 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 $1,584 $25,800 $0 $0
2024 $1,584 $19,700 $0 $0
2023 $1,229 $16,400 $0 $0
2022 $599 $13,400 $0 $0
2021 $1,269 $11,400 $0 $0
2020 $1,269 $10,500 $0 $0
2019 $732 $10,100 $0 $0
2018 $673 $10,000 $0 $0
2017 $80 $10,200 $0 $0
2016 $714 $34,200 $0 $0
2015 $490 $4,900 $0 $0
2013 $612 $6,119 $0 $0
2010 -- $8,767 $804 $7,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240004482

Realcomp

APN: 16-031686