NOT LISTED FOR SALE

1403 Morrell St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $280,063 - $344,000

4 Beds
4 Baths
3,433 Sq Ft
$89/Sq Ft Est. Value

Sale Details

Date Sold: November 11, 2013

Last sale price $25,000 $7 Per Sq Ft

Est. 1,117% increase in value since last sale

Current estimated payment $1,854 / mo

68 Days on Market

About This Home

As of November 2013

INVESTOR ALERT! These units rent for $400/month, purchase price is paid back in 20 months! This multi-family home has 4 units that each have 1 bedroom and a 1 bathroom. Two units can be shown anytime! Great opportunity, see the sister property at 5424 Porter also offered at $29,900-all 4 units can be shown anytime! Some info estimated, buyer agent to verify. Buyer to assume any responsibility for city inspection/occupancy permit if required.

Last Agent to Sell the Property

T.J Brisbois

S&P Realty License #6501373550 Listed on: 08/16/2013

Last Buyer's Agent

Damon Jones

Jones Realty LLC License #RCO-6501355093

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 100x46

Home Design

  • Quadruplex

Interior Spaces

  • 4 Full Bathrooms
  • 3,433 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Kanadys Sub Of Lot 26 Of Pc 30 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I010391S

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: YES
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Total Sq Ft: 3433

Exterior Features

  • Foundation Details: Basement
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 271818.0000
  • Lot Size Area: 0.11
  • Lot Dimensions: 100X46
  • Parcel Number: W16I010391S
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Rent Includes: Heat, Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 1252.0000
  • Tax Amount Winter: 96.0000
  • Total Tax: 1348.0000

Multi Family

  • Gross Scheduled Income: 19200.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Detroit

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2016
Sold by
Bought by
Current Estimated Value
$304,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Outstanding Balance
$43,002
Interest Rate
3.68%
Mortgage Type
New Conventional
Estimated Equity
$261,264

Purchase Details

Closed on
Apr 1, 2015
Sold by
Bought by

Purchase Details

Listed on
Aug 16, 2013
Closed on
Nov 8, 2013
Sold by
Bought by
Seller's Agent
T.J Brisbois
S&P Realty
Buyer's Agent
Damon Jones
Jones Realty LLC
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.71%

Purchase Details

Closed on
May 11, 2010
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$30,000 Liberty Title
-- None Available
$25,000 Multiple
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $55,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/11/2013 11/11/13 Sold $25,000 -16.4% $7 / Sq Ft
10/23/2013 10/23/13 Pending -- -- --
08/16/2013 08/16/13 For Sale $29,900 -- $9 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,213 $93,200 $0 $0
2024 $2,187 $78,700 $0 $0
2023 $2,125 $62,000 $0 $0
2022 $2,279 $45,900 $0 $0
2021 $2,211 $34,700 $0 $0
2020 $2,210 $35,800 $0 $0
2019 $2,174 $27,200 $0 $0
2018 $1,983 $23,300 $0 $0
2017 $396 $20,900 $0 $0
2016 $1,114 $36,300 $0 $0
2015 $920 $9,200 $0 $0
2013 $1,024 $10,237 $0 $0
2010 -- $14,668 $523 $14,145
Source: Public Records

Agents Affiliated with this Home

  • T.J Brisbois

    Seller's Agent in 2013

    T.J Brisbois

    S&P Realty

    (734) 968-4359

    1 in this area

    282 Total Sales

    T.J Brisbois
    Section Image

  • D

    Buyer's Agent in 2013

    Damon Jones

    Jones Realty LLC

    (313) 551-9072

    4 Total Sales

    Damon Jones
    Section Image
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Map

Source: Realcomp

MLS Number: 213083942

Realcomp

APN: 16-010391

Michigan Wayne County Detroit 48209 Southwest Detroit

1403 Morrell St, Detroit, MI

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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