NOT LISTED FOR SALE

1438 Virginia Park St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $138,000 - $207,000

3 Beds
2 Baths
2,974 Sq Ft
$58/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $155,000 $52 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,035/month

72 Days on Market

Highlights

  • Heating System Uses Steam
  • Cass Technical High School Rated 10
  • 1-minute walk to 360 Park

About This Home

As of October 2022

THIS IS A GREAT OPPORTUNITY TO OWN A GREAT PROPERTY IN A GREAT AREA! THIS UNIQUE PROPERTY IS ONLY MINUTES FROM DOWNTOWN, ENTERTAINMENT, HOSPITALS, SCHOOLS AND SHOPPING! THE UPPER UNIT IS VACANT READY TO RENT OR THE OWNER CAN LIVE THEIR AND COLLECT RENT FROM THE DOWNSTAIRS TENANT WHO HAS LIVED THERE FOR OVER 6 YEARS! PLEASE DO NOT DISTURB THE TENANT. THE UPSTAIRS UNIT IS THE ONLY 1 AVAILABLE TO VIEW UNTIL YOUR OFFER HAS BEEN ACCEPTED. YOU MUST BE WITH A AGENT THAT IS LICENSED IN THE STATE OF MICHIGAN WHEN VIEWING. THERE IS A $495 ADMIN FEE CHARGED TO ALL BUYERS AT CLOSING PAYABLE TO ROCKEFELLER REALTY.

Last Agent to Sell the Property

Clifford Rockefeller

Rockefeller Realty License #6501323376 Listed on: 05/09/2022

Last Buyer's Agent

George Adams Jr

The Home Store Inc. License #RCO-6501347848

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1914

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 40.00x171.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,974 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W06I001807S

Community Details

Overview

  • 2 Units
  • Virginia Pk Sub Of Pt Of1/4 Sec 55 Ttat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,379

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1914
  • State Equalized Value: 29100.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2974
  • Total Sq Ft: 2974
  • Sq Ft Total Bsmt: 1200

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 40.00X171.00
  • Parcel Number: W06I001807S
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 850

Tax Info

  • Tax Amount Summer: 1254.0000
  • Tax Amount Winter: 125.0000
  • Total Tax: 1379.0000
  • Taxable Value: 13187.0000

Multi Family

  • Gross Scheduled Income: 10200.00
  • Number Of Units Total: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2022
Sold by
Wei Song
Bought by
360 Detroit Inc
Current Estimated Value
$173,923

Purchase Details

Listed on
Aug 12, 2014
Closed on
Jan 30, 2015
Sold by
Isban Joy A
Bought by
Song Wei
Seller's Agent
Sherry Denton
Keller Williams Realty-Great Lakes
Buyer's Agent
Sherry Denton
Keller Williams Realty-Great Lakes
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.40%

Purchase Details

Listed on
Aug 12, 2014
Closed on
Jan 29, 2015
Sold by
Isban Joy A
Bought by
Song Wei
Seller's Agent
Sherry Denton
Keller Williams Realty-Great Lakes
Buyer's Agent
Sherry Denton
Keller Williams Realty-Great Lakes
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%

Purchase Details

Closed on
Aug 15, 2014
Sold by
Isban Michael A
Bought by
Isban Joy A

Purchase Details

Closed on
Jun 4, 2012
Sold by
A & J Investments Etc Llc
Bought by
Isban Michael A

Purchase Details

Closed on
Jul 30, 2009
Sold by
A & J Investments Etc Llc
Bought by
Isban Joy A

Purchase Details

Closed on
May 19, 2008
Sold by
Hsbc Bank Usa Na
Bought by
A & J Investments Etc Llc

Purchase Details

Closed on
Mar 21, 2007
Sold by
Veasley Henry L and Veasley Amelia G
Bought by
Hsbc Bank Usa Na and Deutsche Alt B Securities Mortgage Loan

Purchase Details

Closed on
May 31, 2006
Sold by
Talley William L and King Pearl
Bought by
Veasley Henry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
6.68%
Mortgage Type
Unknown
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
360 Detroit Inc $155,000 Red Carpet Title
Song Wei $55,000 Fidelity Natl Title Co Llc
Song Wei -- Fidelity National Title
Isban Joy A -- None Available
Isban Michael A -- None Available
Isban Joy A -- None Available
A & J Investments Etc Llc $20,001 Rels Title
Hsbc Bank Usa Na $70,668 None Available
Veasley Henry L $82,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Song Wei $38,500
Previous Owner Veasley Henry L $65,600
Previous Owner Veasley Henry L $16,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $155,000 -20.5% $52 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $195,000 0.0% $66 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/04/2022 06/04/22 Price Changed $195,000 0.0% $66 / Sq Ft
06/04/2022 06/04/22 For Sale $195,000 -4.9% $66 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $205,000 +272.7% $69 / Sq Ft
01/30/2015 01/30/15 Sold $55,000 -8.3% $22 / Sq Ft
10/17/2014 10/17/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $60,000 -- $24 / Sq Ft
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 $996 $12,500 $0 $0
2024 $996 $11,900 $0 $0
2023 $4,466 $54,900 $0 $0
2022 $1,431 $44,000 $0 $0
2021 $1,391 $29,100 $0 $0
2020 $1,391 $25,400 $0 $0
2019 $1,353 $19,200 $0 $0
2018 $1,186 $15,900 $0 $0
2017 $232 $14,700 $0 $0
2016 $1,307 $33,300 $0 $0
2015 $1,270 $12,700 $0 $0
2013 $1,765 $17,650 $0 $0
2010 -- $25,289 $824 $24,465
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Clifford Rockefeller

    Rockefeller Realty

    (248) 796-2732

    1 in this area

    44 Total Sales

    Section Image
  • George Adams Jr

    Buyer's Agent in 2022

    George Adams Jr

    The Home Store Inc.

    (313) 319-9843

    1 in this area

    3 Total Sales

    Section Image
  • Sherry Denton

    Seller's Agent in 2015

    Sherry Denton

    Keller Williams Realty-Great Lakes

    (586) 541-4000

    42 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 2220034197

Realcomp

APN: 06-001807

Michigan Wayne County Detroit 48206 Virginia Park Community

1438 Virginia Park St, Detroit, MI

This home is located at 1438 Virginia Park St, Detroit, MI 48206 since 09 May 2022 and is currently estimated at $173,501, approximately $58 per square foot. This property was built in 1914. 1438 Virginia Park St is a home located in Wayne County with nearby schools including Thirkell Elementary 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.

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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