NOT LISTED FOR SALE

14988 Lappin St Detroit, MI 48205

Regent Park Neighborhood

Estimated Value: $77,000 - $88,000

4 Beds
2 Baths
1,440 Sq Ft
$58/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $82,000 $57 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $547/month

41 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 3 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of October 2024

This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and 2/1 upstairs) is tenant occupied with monthly rent income of $1,750. Tenants pay water and gas (separately metered), Landlord pays water. Investment yield 20.2%. New water tank installed in Mar 2024; garage for 3 cars, property is well maintained. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

Last Agent to Sell the Property

Kevin DeVergilio

REALTEAM Real Estate License #6501396866 Listed on: 07/24/2024

REALTEAM Real Estate

Last Buyer's Agent

Dawn Thompson

Exit United Realty Professionals License #6501350620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 120.00

Parking

  • 3 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,440 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W21I021703S

Community Details

Overview

  • 2 Units
  • Gratiot American Park Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,356

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1926
  • State Equalized Value: 19600.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1440

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 120.00
  • Parcel Number: W21I021703S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1750

Tax Info

  • Tax Amount Summer: 1234.0000
  • Tax Amount Winter: 122.0000
  • Total Tax: 1356.0000
  • Taxable Value: 12906.0000

Multi Family

  • Gross Scheduled Income: 21000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Oct 4, 2024
Sold by
Rphc Partners Llc
Bought by
11000 Mcnichols Holdings Llc
Seller's Agent
Kevin DeVergilio
REALTEAM Real Estate
Buyer's Agent
Dawn Thompson
Exit United Realty Professionals
List Price
$83,000
Sold Price
$82,000
Premium/Discount to List
-$1,000
-1.2%
Views
46
Current Estimated Value
$84,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,216
Avg. Annual Appreciation
2.70%

Purchase Details

Listed on
Sep 29, 2018
Closed on
Nov 16, 2018
Sold by
Krys Lawrence
Bought by
Rphc Partners Llc
Seller's Agent
Apryl Sumners
Premier Agent Network Michigan LLC
Buyer's Agent
Kevin Brojek
REALTEAM Real Estate
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%

Purchase Details

Closed on
Mar 22, 1995
Sold by
Tomenello Luchia and Tomenello Elena
Bought by
Kryszkiewicz Lawrence
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
11000 Mcnichols Holdings Llc $82,000 Bbc Title Agency
11000 Mcnichols Holdings Llc $82,000 Bbc Title Agency
Rphc Partners Llc $250,000 Bbc Title Agency Llc
Kryszkiewicz Lawrence $22,000 Great Lakes Title Of Michiga
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2024 10/04/24 Sold $82,000 -1.2% $57 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $83,000 +107.5% $58 / Sq Ft
11/23/2018 11/23/18 Sold $40,000 0.0% $28 / Sq Ft View Prior Sale
09/29/2018 09/29/18 Pending -- -- --
09/29/2018 09/29/18 For Sale $40,000 -- $28 / 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 $1,271 $25,300 $0 $0
2024 $1,271 $23,400 $0 $0
2023 $1,234 $19,600 $0 $0
2022 $1,314 $15,800 $0 $0
2021 $1,279 $11,900 $0 $0
2020 $1,638 $16,700 $0 $0
2019 $1,612 $15,500 $0 $0
2018 $803 $12,800 $0 $0
2017 $136 $13,000 $0 $0
2016 $972 $8,300 $0 $0
2015 $830 $8,300 $0 $0
2013 $1,742 $21,858 $0 $0
2010 -- $32,046 $895 $31,151
Source: Public Records

Agents Affiliated with this Home

  • Kevin DeVergilio

    Seller's Agent in 2024

    Kevin DeVergilio

    REALTEAM Real Estate

    (586) 580-8092

    7 in this area

    138 Total Sales

    Kevin DeVergilio
    Section Image
  • Dawn Thompson

    Buyer's Agent in 2024

    Dawn Thompson

    Exit United Realty Professionals

    (313) 671-9126

    7 in this area

    49 Total Sales

    Dawn Thompson
    Section Image

  • T

    Buyer Co-Listing Agent in 2024

    Toria Howard

  • A

    Seller's Agent in 2018

    Apryl Sumners

    Premier Agent Network Michigan LLC

    (313) 715-1609

    16 Total Sales

    Apryl Sumners
    Section Image

  • K

    Buyer's Agent in 2018

    Kevin Brojek

    REALTEAM Real Estate

    Section Image
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Map

Source: Realcomp

MLS Number: 20240053759

Realcomp

APN: 21-021703

Michigan Wayne County Detroit 48205 Regent Park

14988 Lappin St, Detroit, MI

This home is located at 14988 Lappin St, Detroit, MI 48205 since 24 July 2024 and is currently estimated at $84,216, approximately $58 per square foot. This property was built in 1926. 14988 Lappin St is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Denby High School.

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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