NOT LISTED FOR SALE

1407 Colonial Dr Inkster, MI 48141

Estimated Value: $123,908 - $140,000

3 Beds
1 Bath
1,054 Sq Ft
$123/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $120,000 $114 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $877/month

Highlights

  • 1 Car Detached Garage
  • Bungalow
  • 2-minute walk to Colonial Park
  • Living Room
  • Forced Air Heating System

About This Home

As of July 2024

This charming three-bedroom, one-bath bungalow on Colonial Street boasts a range of recent upgrades, including a new kitchen and bathroom, a new roof, and new windows, ensuring modern comfort and energy efficiency. Has an unfinished spacious basement that has much potential.Located near a vibrant recreation area with parks, this home offers both convenience and a serene environment for outdoor activities. Perfect for families or anyone seeking a cozy, updated living space in a desirable neighborhood.

Last Agent to Sell the Property

Mouhamad Sobh

Empire Realty Group License #6501380056 Listed on: 06/21/2024

Last Buyer's Agent

Ahmad Alissa

Empire Realty Group License #6501440675

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,312

Year Built

  • Built in 1950

Lot Details

  • 7,754 Sq Ft Lot
  • Lot Dimensions are 50.00 x 153.90

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 1,054 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Partial Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,312

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 116.22
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50.00 x 153.90
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1054.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 1312.0
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:SqFt Above Grade: 1054.0
  • General Property Info Garage YN: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial, Other
  • LivingArea: 1054.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 741.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 122500.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: None
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Dimensions: 50.00 x 153.90
  • Lot Size Sq Ft: 7754.0

Tax Info

  • Tax Annual Amount: 1312.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 5, 2024
Sold by
Fayad Ali Hussein
Bought by
Wright Ryan and Wright Amanda
Seller's Agent
Mouhamad Sobh
Empire Realty Group
Buyer's Agent
Ahmad Alissa
Empire Realty Group
List Price
$122,500
Sold Price
$120,000
Premium/Discount to List
-$2,500
-2.04%
Current Estimated Value
$129,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,727
Avg. Annual Appreciation
5.12%
Original Mortgage
$117,826
Outstanding Balance
$116,383
Interest Rate
6.86%
Mortgage Type
FHA
Estimated Equity
$13,344

Purchase Details

Listed on
Mar 19, 2024
Closed on
Mar 18, 2024
Sold by
Powell Millicent Marie Patterson
Bought by
Fayad Ali Hussein
Seller's Agent
Nick Jaafar
Keller Williams Legacy
Buyer's Agent
Nick Jaafar
Keller Williams Legacy
List Price
$70,000
Sold Price
$65,000
Premium/Discount to List
-$5,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
671.90%

Purchase Details

Listed on
Mar 8, 2016
Closed on
Apr 28, 2016
Sold by
Money Train Properties Llc
Bought by
Powell Millicent Marie Patterson
Seller's Agent
Greg White
Imagine Home Realty
Buyer's Agent
Greg White
Imagine Home Realty
List Price
$19,900
Sold Price
$16,500
Premium/Discount to List
-$3,400
-17.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.98%

Purchase Details

Closed on
Mar 25, 2015
Sold by
Windsong Investments Llc
Bought by
Money Train Properties Llc

Purchase Details

Closed on
Jan 14, 2015
Sold by
Mph Llc
Bought by
Windsong Investments Llc

Purchase Details

Closed on
Nov 26, 2014
Sold by
Honor Management Llc
Bought by
Mph Llc

Purchase Details

Closed on
Oct 24, 2014
Sold by
Pardo Rene and Pardo Soledad F
Bought by
Honor Management Llc
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

Date Buyer Sale Price Title Company
Wright Ryan $120,000 None Listed On Document
Fayad Ali Hussein $65,000 None Listed On Document
Fayad Ali Hussein $65,000 None Listed On Document
Powell Millicent Marie Patterson $16,500 None Available
Money Train Properties Llc $60,512 Attorney
Windsong Investments Llc $55,950 None Available
Mph Llc $40,000 None Available
Honor Management Llc $14,500 Leading Edge Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Ryan $117,826
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2024 07/05/24 Sold $120,000 -2.0% $114 / Sq Ft
06/21/2024 06/21/24 For Sale $122,500 +75.0% $116 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $70,000 +7.7% $94 / Sq Ft
03/18/2024 03/18/24 Sold $65,000 +293.9% $88 / Sq Ft View Prior Sale
03/15/2024 03/15/24 Pending -- -- --
04/28/2016 04/28/16 Sold $16,500 -17.1% $22 / Sq Ft View Prior Sale
04/27/2016 04/27/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $19,900 -- $27 / Sq Ft
Source: MichRIC

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 $2,451 $48,300 $0 $0
2024 $1,036 $40,400 $0 $0
2023 $1,035 $32,400 $0 $0
2022 $2,872 $26,300 $0 $0
2021 $3,709 $23,800 $0 $0
2020 $4,276 $20,300 $0 $0
2019 $2,650 $17,000 $0 $0
2018 $1,579 $16,100 $0 $0
2017 $545 $15,900 $0 $0
2016 $1,812 $16,100 $0 $0
2015 $1,840 $18,400 $0 $0
2013 $2,426 $24,800 $0 $0
2012 $1,479 $27,300 $2,800 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24031956

MichRIC

APN: 44-006-01-0267-000