NOT LISTED FOR SALE

1401 Farmer St Detroit, MI 48226

Downtown Detroit Neighborhood

Estimated Value: $1,346,855

-- Bed
-- Bath
3,000 Sq Ft
$449/Sq Ft Est. Value

About This Home

This home is located at 1401 Farmer St, Detroit, MI 48226 and is currently estimated at $1,346,855, approximately $448 per square foot. 1401 Farmer St is a home located in Wayne County with nearby schools including Chrysler Elementary School, Charles L. Spain Elementary-Middle School, and Ralph J.Bunche Preparatory Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2015
Sold by
Kolp Biagas Christine and Kolp Miguel Biagas
Bought by
Farmer Street Development Llc
Current Estimated Value
$1,346,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$191,489
Interest Rate
3.84%
Mortgage Type
Commercial
Estimated Equity
$1,155,366

Purchase Details

Closed on
Jul 24, 2012
Sold by
Kolp Biagas Christine and Kolp Miguel Biagas
Bought by
Farmer Street Development Llc

Purchase Details

Closed on
Dec 21, 2005
Sold by
Kolp Biagas Christine
Bought by
Biagas N Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 1988
Sold by
Fridman Howard S
Bought by
Kolp Biagas Christine
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Farmer Street Development Llc $685,000 Cislo Title Co
Farmer Street Development Llc -- Lamont Title Corporation
Biagas N Miguel -- Michigan Title Agency Inc
Kolp Biagas Christine $125,000 Philip F Greco Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmer Street Development Llc $250,000
Previous Owner Biagas N Miguel $270,000
Source: Public Records

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 $24,105 $778,800 $0 $0
2024 $24,105 $775,100 $0 $0
2023 $23,454 $750,200 $0 $0
2022 $25,146 $698,800 $0 $0
2021 $24,321 $516,300 $0 $0
2020 $24,266 $479,300 $0 $0
2019 $23,816 $457,900 $0 $0
2018 $20,452 $330,300 $0 $0
2017 $4,523 $284,700 $0 $0
2016 $22,647 $398,200 $0 $0
2015 $23,555 $255,000 $0 $0
2013 $11,328 $231,840 $0 $0
2010 -- $231,840 $149,250 $82,590
Source: Public Records

Map

Michigan Wayne County Detroit 48226 Downtown Detroit

1401 Farmer St, Detroit, MI

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