NOT LISTED FOR SALE

14137 Faust Ave Detroit, MI 48223

Grandmont 1 Neighborhood

Estimated Value: $132,000 - $169,885

3 Beds
1 Bath
1,319 Sq Ft
$121/Sq Ft Est. Value

Sale Details

Date Sold: December 7, 2023

Last sale price $140,000 $106 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,234 / mo

39 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 1 Car Detached Garage

About This Home

As of December 2023

Back on the market, due to NO fault of the seller! Hurry!

* Investors and Conventional Buyers * Don’t miss out on this INCREDIBLE INVESTMENT OPPORTUNITY to own a beautiful traditional colonial located in the heart Grandmont #1 - Rosedale Neighborhood at a fraction of its market value. One of the most established neighborhoods in Detroit! Not much work here, only cosmetic updates are needed, but very move-in ready, make this place your own! The sellers will favor offers with a due diligence period of 0-2 days and at least $3K earnest money. Get in with over 70K built-in equity, comparable properties in the neighborhood are selling for 220,000+! Don’t miss this opportunity. Come take a look and place an offer!”

Last Agent to Sell the Property

Shantell Burton

Aaisha Gilmer License #6501341876 Listed on: 09/24/2023

Last Buyer's Agent

Darnell Obamwonyi

River Shore Realty, LLC License #6501430649

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1946

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 124.00

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,319 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Ground Level
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Grandmont No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I079141S
  • $1,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,195

Year Built

Built in 1946

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1946
  • State Equalized Value: 48500.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Total Sq Ft: 1319

Exterior Features

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

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: ENERGY STAR®/ACCA RSI® Qualified Installation
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 124.00
  • Parcel Number: W22I079141S

Tax Info

  • Tax Amount Summer: 1067.0000
  • Tax Amount Winter: 128.0000
  • Total Tax: 1195.0000
  • Taxable Value: 13606.0000

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

Listed on
Sep 24, 2023
Closed on
Dec 7, 2023
Sold by
Bought by
Seller's Agent
Shantell Burton
Aaisha Gilmer
Buyer's Agent
Darnell Obamwonyi
River Shore Realty, LLC
List Price
$135,000
Sold Price
$140,000
Premium/Discount to List
$5,000
3.7%
Views
63
Current Estimated Value
$158,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,971
Avg. Annual Appreciation
4.93%
Original Mortgage
$135,800
Outstanding Balance
$132,227
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$26,744

Purchase Details

Closed on
Aug 4, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 2010
Sold by
Bought by

Purchase Details

Closed on
May 19, 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
$140,000 Chirco Title Agency
$70,000 First American Title
$37,500 Commercial Title Service
$17,000 None Available
-- None Available
$137,259 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 $135,800
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
12/07/2023 12/07/23 Sold $140,000 +3.7% $106 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $135,000 0.0% $102 / Sq Ft
10/18/2023 10/18/23 Price Changed $135,000 -10.0% $102 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
09/24/2023 09/24/23 For Sale $150,000 -- $114 / 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 $4,402 $79,600 $0 $0
2024 $4,490 $72,400 $0 $0
2023 $1,340 $57,200 $0 $0
2022 $1,429 $48,500 $0 $0
2021 $1,390 $34,400 $0 $0
2020 $1,446 $28,500 $0 $0
2019 $1,368 $23,000 $0 $0
2018 $1,199 $21,500 $0 $0
2017 $231 $20,800 $0 $0
2016 $1,315 $23,900 $0 $0
2015 $1,205 $23,900 $0 $0
2013 $1,843 $29,830 $0 $0
2010 -- $41,442 $1,352 $40,090
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shantell Burton

    Aaisha Gilmer

    (313) 713-6391

    1 in this area

    45 Total Sales

    Shantell Burton
    Section Image

  • D

    Buyer's Agent in 2023

    Darnell Obamwonyi

    River Shore Realty, LLC

    Section Image
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Map

Source: Realcomp

MLS Number: 20230081334

Realcomp

APN: 22-079141

Michigan Wayne County Detroit 48223 Grandmont 1

14137 Faust Ave, 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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