NOT LISTED FOR SALE

1480 Virginia Park St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $125,000 - $210,149

6 Beds
3 Baths
3,382 Sq Ft
$47/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $109,000 $32 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,086/month

32 Days on Market

About This Home

As of February 2021

LOCATION LOCATION LOCATION 3 unit multifamily in the heart of Virginia Park. Two 3/1 units, one studio unit. This property needs a full rehab. Once the rehab is complete the property should make $4,000 in monthly income. Cash offers only.

Last Agent to Sell the Property

Marta Kopania

Realtyflo Inc License #6501424283 Listed on: 01/07/2021

Last Buyer's Agent

Quin D'Amico

RE/MAX Showcase Homes License #6501305945

RE/MAX Showcase Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 40 x 170 x 40 x 171

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3 Full Bathrooms
  • 3,382 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Wood
  • Sewer in Street

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,929

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1915
  • State Equalized Value: 17600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3382
  • Total Sq Ft: 3382
  • Sq Ft Total Bsmt: 1566

Exterior Features

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

Utilities

  • Heating Fuel: Wood
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 40 x 170 x 40 x 171
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 1335.0000
  • Tax Amount Winter: 594.0000
  • Total Tax: 1929.0000

Multi Family

  • Gross Scheduled Income: 48000.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2021
Sold by
Remo Llc
Bought by
1480 Virginia Park Llc
Current Estimated Value
$158,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 28, 2021
Sold by
Steve Moves Detroit Llc
Bought by
Remo Llc
Seller's Agent
Marta Kopania
Realtyflo Inc
Buyer's Agent
Quin D'Amico
RE/MAX Showcase Homes
List Price
$123,000
Sold Price
$109,000
Premium/Discount to List
-$14,000
-11.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%

Purchase Details

Closed on
Dec 18, 2018
Sold by
Arshed Corliss
Bought by
Steve Moves Detorit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2018
Sold by
Arshed Corliss and Jarrett Gene
Bought by
Arshed Corliss

Purchase Details

Closed on
Jan 11, 2012
Sold by
Arshed Corliss
Bought by
Corliss Jarrett Gene and Corliss Arshed

Purchase Details

Closed on
Nov 18, 2011
Sold by
Wojtowicz Raymond J
Bought by
Arshed Corliss

Purchase Details

Closed on
Apr 24, 2008
Sold by
Sd & Associates Llc
Bought by
Life Plus Investments Llc

Purchase Details

Closed on
Apr 15, 2008
Sold by
Life Plus Investments Llc
Bought by
Skvereckas Audrius

Purchase Details

Closed on
Mar 18, 2008
Sold by
Blue Spruce Entities Llc
Bought by
Sd & Associates Llc

Purchase Details

Closed on
Mar 17, 2008
Sold by
Gmac Mortgage Llc
Bought by
Blue Spruce Entities Llc

Purchase Details

Closed on
Jun 21, 2005
Sold by
Williams Teresa Gail and Williams Teresa
Bought by
Willis Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.1%
Mortgage Type
New Conventional
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
1480 Virginia Park Llc -- Ata National Title Group
Remo Llc $109,000 Stewart Title
Steve Moves Detorit Llc $110,000 Speedy Title & Escrow Servic
Arshed Corliss -- None Available
Corliss Jarrett Gene -- None Available
Arshed Corliss $500 None Available
Life Plus Investments Llc $10,500 None Available
Skvereckas Audrius $80,000 None Available
Sd & Associates Llc -- None Available
Blue Spruce Entities Llc -- None Available
Willis Michael -- First Michigan Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1480 Virginia Park Llc $311,250
Closed 1480 Virginia Park Llc $175,000
Previous Owner Steve Move Detroit Llc $99,000
Previous Owner Willis Michael $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $109,000 -11.4% $32 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $123,000 -- $36 / 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 $2,658 $44,100 $0 $0
2024 $2,658 $38,100 $0 $0
2023 $2,584 $32,500 $0 $0
2022 $2,775 $29,000 $0 $0
2021 $1,467 $20,000 $0 $0
2020 $1,466 $17,600 $0 $0
2019 $1,743 $13,600 $0 $0
2018 $1,110 $10,600 $0 $0
2017 $186 $9,800 $0 $0
2016 $1,772 $22,300 $0 $0
2015 $1,690 $16,900 $0 $0
2013 $1,851 $23,491 $0 $0
2010 -- $26,516 $824 $25,692
Source: Public Records

Agents Affiliated with this Home

  • Marta Kopania

    Seller's Agent in 2021

    Marta Kopania

    Realtyflo Inc

    (734) 301-6553

    3 in this area

    169 Total Sales

    Marta Kopania
    Section Image
  • Quin D'Amico

    Buyer's Agent in 2021

    Quin D'Amico

    RE/MAX

    (248) 245-3458

    2 in this area

    120 Total Sales

    Quin D'Amico
    Section Image
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Map

Source: Realcomp

MLS Number: 2210001490

Realcomp

APN: 06-001802

Michigan Wayne County Detroit 48202 Virginia Park Community

1480 Virginia Park St, Detroit, MI

This home is located at 1480 Virginia Park St, Detroit, MI 48206 since 07 January 2021 and is currently estimated at $158,787, approximately $46 per square foot. This property was built in 1915. 1480 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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