NOT LISTED FOR SALE

14047 Marlowe St Detroit, MI 48227

Hubbell-Lyndon Neighborhood

Estimated Value: $75,000 - $101,000

3 Beds
1 Bath
1,441 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $95,000 $66 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $638/month

91 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10

About This Home

As of May 2024

Can be purchased in a package deal! 10% off discount if purchased with 20110 Stotter - another amazing occupied investment property. Welcome to 14047 Marlowe St., a fantastic property that comes with the security of a Section 8 lease. This 3-bedroom, 1-bathroom residence offers a unique opportunity for savvy investors looking to add a valuable asset to their portfolio.Situated in Detroit, Michigan, this property is strategically located in an area with potential for growth and development. Take advantage of the city's revitalization and be part of its promising future.The spacious layout of this colonial home makes it an ideal rental property. With three bedrooms, tenants will enjoy comfort and ample living space, contributing to long-term tenant satisfaction.This property comes with the added benefit of a tenant already on a Section 8 lease. Enjoy the stability and guaranteed income that comes with this government-backed program, providing a reliable source of rental payments.Whether you're a seasoned investor or just starting, 14047 Marlowe St. is a great addition to your portfolio. The property's current Section 8 lease offers a hassle-free investment experience, and Detroit's ongoing urban development makes it an attractive market for real estate investments.Detroit is experiencing a resurgence, and investing in this property puts you in a position to benefit from potential future appreciation. Take advantage of the increasing demand for rental properties in this evolving market.The home's colonial architecture adds character and appeal, making it an attractive option for potential tenants. Invest in a property that not only provides financial returns but also stands out in the market.Don't miss out on this incredible investment opportunity at 14047 Marlowe St. Secure your future with a property that combines the stability of a Section 8 lease, the potential for appreciation, a

Last Agent to Sell the Property

Alan Robson

Real Broker LLC License #6501405704 Listed on: 01/26/2024

Real Broker LLC

Last Buyer's Agent

Jennifer Anthony

MES Realty Group LLC License #6502397112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1927 | Remodeled in 2022

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35.00 x 100.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,441 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • B E Taylors Monmoor Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I041358S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,888

Year Built

Built in 1927 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1927
  • State Equalized Value: 20300.0000
  • Year Renovated: 2022
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1441
  • Total Sq Ft: 1441
  • Sq Ft Total Bsmt: 672

Exterior Features

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

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 35.00 x 100.00
  • Parcel Number: W22I041358S

Tax Info

  • Tax Amount Summer: 1803.0000
  • Tax Amount Winter: 85.0000
  • Total Tax: 1888.0000
  • Taxable Value: 20300.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Jun 7, 2024
Sold by
Lesur Property Invest Llc
Bought by
14047 Marlowe Llc
Seller's Agent
Alan Robson
Real Broker LLC
Buyer's Agent
Jennifer Anthony
MES Realty Group LLC
List Price
$109,900
Sold Price
$95,000
Premium/Discount to List
-$14,900
-13.56%
Views
19
Current Estimated Value
$89,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,608
Avg. Annual Appreciation
-4.61%

Purchase Details

Listed on
Feb 17, 2022
Closed on
Feb 25, 2022
Sold by
Transitional Home Llc
Bought by
Lesur Property Invest Llc
Seller's Agent
Reva Lee
Reach Realty Group
Buyer's Agent
Alan Robson
RE/MAX Nexus
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.18%

Purchase Details

Closed on
Mar 14, 2016
Sold by
Ingram Dion and Ingram Laneeta
Bought by
Transitional Home Llc

Purchase Details

Closed on
Jan 22, 2015
Sold by
Global Premier Asset Servicing Inc
Bought by
Ingram Dion and Ingram Laneeta

Purchase Details

Closed on
Dec 5, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Global Premier Asset Servicing Inc

Purchase Details

Closed on
Mar 6, 2008
Sold by
Lewis Larry K
Bought by
The Bank Of New York and The Cwabs Inc Asset Backed Certificates

Purchase Details

Closed on
Jun 27, 2007
Sold by
Parker Freddie and Parker Florence T
Bought by
Lewis Ii Larry K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,150
Interest Rate
10.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2006
Sold by
Parker Freddie and Parker Florence T
Bought by
Parker Freddie
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
14047 Marlowe Llc $95,000 None Listed On Document
14047 Marlowe Llc $95,000 None Listed On Document
Lesur Property Invest Llc $50,000 None Listed On Document
Transitional Home Llc -- None Available
Ingram Dion $7,050 None Available
Global Premier Asset Servicing Inc $500 None Available
The Bank Of New York $18,000 None Available
Lewis Ii Larry K $83,500 Metro Title Corp
Parker Freddie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Ii Larry K $75,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $95,000 -13.6% $66 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $109,900 0.0% $76 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/08/2024 02/08/24 Price Changed $109,900 -7.6% $76 / Sq Ft
02/04/2024 02/04/24 Price Changed $118,900 -0.9% $83 / Sq Ft
01/26/2024 01/26/24 For Sale $120,000 +140.0% $83 / Sq Ft
02/25/2022 02/25/22 Sold $50,000 0.0% $35 / Sq Ft
02/25/2022 02/25/22 Rented $850 0.0% --
02/24/2022 02/24/22 Pending -- -- --
02/24/2022 02/24/22 Under Contract -- -- --
02/17/2022 02/17/22 For Sale $50,000 0.0% $35 / Sq Ft
02/15/2022 02/15/22 For Rent $850 +41.7% --
01/12/2016 01/12/16 Rented $600 -7.7% --
01/12/2016 01/12/16 Under Contract -- -- --
10/22/2015 10/22/15 For Rent $650 -- --
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 $1,856 $28,300 $0 $0
2024 $1,856 $25,200 $0 $0
2023 $1,803 $20,300 $0 $0
2022 $1,030 $16,100 $0 $0
2021 $1,004 $11,900 $0 $0
2020 $1,003 $12,300 $0 $0
2019 $989 $9,800 $0 $0
2018 $877 $8,300 $0 $0
2017 $154 $8,100 $0 $0
2016 $720 $6,300 $0 $0
2015 $630 $6,300 $0 $0
2013 $891 $8,906 $0 $0
2010 -- $12,760 $659 $12,101
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Alan Robson

    Real Broker LLC

    (248) 541-4900

    2 in this area

    16 Total Sales

    Alan Robson
    Section Image
  • Jennifer Anthony

    Buyer's Agent in 2024

    Jennifer Anthony

    MES Realty Group LLC

    (313) 205-6408

    1 in this area

    62 Total Sales

    Jennifer Anthony
    Section Image
  • Reva Lee

    Seller's Agent in 2022

    Reva Lee

    Reach Realty Group

    (248) 835-6103

    3 in this area

    62 Total Sales

    Reva Lee
    Section Image

  • P

    Seller's Agent in 2016

    Perry Scott

    S & W Real Estate Services

    Section Image
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Map

Source: Realcomp

MLS Number: 20240005283

Realcomp

APN: 22-041358

Michigan Wayne County Detroit 48227 Hubbell-Lyndon

14047 Marlowe St, Detroit, MI

This home is located at 14047 Marlowe St, Detroit, MI 48227 since 26 January 2024 and is currently estimated at $89,392, approximately $62 per square foot. This property was built in 1927. 14047 Marlowe St is a home located in Wayne County with nearby schools including Burns Elementary/Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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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