$85,000
SOLD MAY 18, 2020
5 Beds
2 Baths
2,236 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$38 Per Sq Ft

15% Below List Price

21 Days on Market

Highlights

  • Covered patio or porch
  • Balcony
  • Ceiling Fan
  • Cass Technical High School Rated 10
  • Forced Air Heating System
  • 2-minute walk to 360 Park

About This Home

As of May 2020

DON'T MISS OUT ON A GREAT OPPORTUNITY!! PERFECT INVESTMENT PROPERTY IN THE HERMAN KEIFER REDEVELOPMENT AREA.

Last Agent to Sell the Property

LaToya Green

Real Estate One-Southfield License #6501402628 Listed on: 03/06/2020

Real Estate One-Southfield

Last Buyer's Agent

Tracy Petersen

Palladium Realty License #RCO-6506047844

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916 | Remodeled in 2018

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x107.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,236 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Shared Water Meter

Listing and Financial Details

  • Assessor Parcel Number W06I001866S

Community Details

Overview

  • 2 Units
  • Howell Mack Euclid Ave Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,124

Year Built

Built in 1916 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1916
  • State Equalized Value: 9304.0000
  • Year Renovated: 2018
  • 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: Private
  • Sq Ft Combined: 2236
  • Total Sq Ft: 2236
  • Sq Ft Total Bsmt: 1100

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1428571.4286
  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X107.00
  • Parcel Number: W06I001866S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1450

Tax Info

  • Tax Amount Summer: 1040.0000
  • Tax Amount Winter: 84.0000
  • Total Tax: 1124.0000

Multi Family

  • Gross Scheduled Income: 17400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
May 18, 2020
Sold by
Powell Erica M
Bought by
Cai Adrianne
Seller's Agent
LaToya Green
Real Estate One-Southfield
Buyer's Agent
Tracy Petersen
Palladium Realty
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%
Total Days on Market
21
Current Estimated Value
$142,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,441
Avg. Annual Appreciation
10.60%
Original Mortgage
$63,750
Outstanding Balance
$57,227
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$84,169

Purchase Details

Closed on
Sep 15, 2006
Sold by
Smith Estes and Smith Latasia
Bought by
Powell Erica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.58%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $85,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $78,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,750 New Conventional
Previous Owner $60,000 Unknown
Previous Owner $10,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Rented $950 0.0% --
10/26/2020 10/26/20 Price Changed $950 -5.0% $1 / Sq Ft
09/25/2020 09/25/20 Price Changed $1,000 -9.1% $1 / Sq Ft
09/14/2020 09/14/20 For Rent $1,100 0.0% --
05/18/2020 05/18/20 Sold $85,000 -15.0% $38 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $100,000 -- $45 / 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
2024 $1,768 $38,600 $0 $0
2023 $1,718 $30,400 $0 $0
2022 $1,838 $23,800 $0 $0
2021 $1,785 $17,700 $0 $0
2020 $1,079 $15,400 $0 $0
2019 $1,163 $11,700 $0 $0
2018 $1,040 $9,200 $0 $0
2017 $169 $8,900 $0 $0
2016 $1,167 $35,000 $0 $0
2015 $980 $9,800 $0 $0
2013 $1,355 $13,547 $0 $0
2010 -- $19,410 $466 $18,944
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200018938

Realcomp

APN: 06-001866