NOT LISTED FOR SALE

Estimated Value: $125,000 - $262,000

4 Beds
2 Baths
4,332 Sq Ft
$49/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $225,000 $52 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,237/month

12 Days on Market

Highlights

  • 2 Fireplaces
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of March 2024

This is a grand opportunity to own this fully rented duplex! are few and far between! This duplex can serve as a primary residence or as a cash flowing asset in the thriving area of SW Detroit. Located in the heart of Corktown. Potential residents/tenants will love the fact that they are in walking distance of many shops, restaurants and grocery stores. This area is also within a 10 min drive to Little Caesars Arena, Comerica Park & Ford Field, home of the Playoff Bound Detroit Lions.

In addition the outstanding location, it is extremely rare to locate a two unit home with new HVAC and that is fully renovated with three bedrooms, a full bathroom, and kitchen. The property also features a full basement, for both units.

Last Listed By

Loren Entsuah

OES REALTORS LLC License #6501415579 Listed on: 01/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $566

Year Built

  • Built in 1912

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.0 x 125.00

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas
  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$566

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • List Price: 269999.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Wall Furnace, Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Sewer Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 40.0 x 125.00
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2024
Sold by
Fox Katherine Deibel
Bought by
Foxbuysdetroit Llc
Total Days on Market
12
Current Estimated Value
$211,992

Purchase Details

Listed on
Jan 12, 2024
Closed on
Feb 28, 2024
Sold by
Edwards Justin
Bought by
Fox Katherine Deibel
Seller's Agent
Loren Entsuah
OES REALTORS LLC
List Price
$274,999
Sold Price
$225,000
Premium/Discount to List
-$49,999
-18.18%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.69%
Original Mortgage
$168,750
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Edwards Justin
Source: Public Records

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Range of Values:

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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
Foxbuysdetroit Llc -- Select Title
Fox Katherine Deibel $225,000 None Listed On Document
Edwards Justin $1,500 Amrock Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fox Katherine Delbel $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2024 03/04/24 Sold $225,000 -16.7% $52 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/22/2024 01/22/24 Price Changed $269,999 -1.8% $62 / Sq Ft
01/12/2024 01/12/24 For Sale $274,999 -- $63 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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
2024 $566 $5,200 $0 $0
2023 $548 $4,000 $0 $0
2022 $1,062 $9,400 $0 $0
2021 $61 $700 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $500 $0 $0
2017 $9 $500 $0 $0
2016 $634 $18,300 $0 $0
2015 $350 $3,500 $0 $0
2013 $370 $3,698 $0 $0
2010 -- $5,299 $721 $4,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24003108

Southwestern Michigan Association of REALTORS®

APN: 14-007990