NOT LISTED FOR SALE

1501 Morrell St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $88,602 - $137,000

5 Beds
3 Baths
1,200 Sq Ft
$98/Sq Ft Est. Value

Last Sold September 06, 2016

Last sale price $50,000 $42 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $695/month

19 Days on Market

About This Home

As of September 2016

IF YOU ARE LOOKING FOR A HOME THAT PAYS FOR ITSELF, LOOK NO FURTHER THIS HOME WILL DEFINITELY WILL IMPRESS YOU IN MAIN UNIT OFFERS 4 BEDROOMS KITCHEN, DINING ROOM, WITH UPDATED KITCHEN, AND BATHROOM. UPPER LEVEL HAS 2 BEDROOMS KITCHEN AND DINING ROOM, THE BASEMENT HAS BEEN FINISHED WHICH HAS ONE BEDROOM WITH KITCHEN AND FULL BATHROOM. SELLER WILL CONSIDER TERMS ON LAND CONTRACT.

Last Agent to Sell the Property

Cynthia Moreno

RE/MAX Innovation License #6501360360 Listed on: 05/18/2016

RE/MAX Innovation

Last Buyer's Agent

Jose Cosme

Home Pride Realty License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1934

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30.55x58.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 1,200 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • MC Gregors Resub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I010376S000B

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$682

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1934
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Sq Ft Combined: 1200
  • Total Sq Ft: 1200
  • Sq Ft Total Bsmt: 940

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1250000.0000
  • Lot Size Area: 0.04
  • Lot Dimensions: 30.55X58.00
  • Parcel Number: W16I010376S000B
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Deposit Amount: 15000.00
  • Monthly Rental Income: 1000

Tax Info

  • Tax Amount Summer: 600.0000
  • Tax Amount Winter: 82.0000
  • Total Tax: 682.0000

Multi Family

  • Gross Scheduled Income: 1200.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Sep 6, 2016
Sold by
Santiago Juan B
Bought by
Chimel Adeline
Seller's Agent
Cynthia Moreno
RE/MAX Innovation
Buyer's Agent
Jose Cosme
Home Pride Realty
List Price
$50,000
Sold Price
$50,000
Current Estimated Value
$117,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,151
Avg. Annual Appreciation
10.78%
Original Mortgage
$42,500
Outstanding Balance
$34,944
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$91,246

Purchase Details

Listed on
May 18, 2016
Closed on
Aug 25, 2016
Sold by
Santiago Irma
Bought by
Santiago Juan
Seller's Agent
Cynthia Moreno
RE/MAX Innovation
Buyer's Agent
Jose Cosme
Home Pride Realty
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Outstanding Balance
$34,944
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$91,246

Purchase Details

Closed on
Mar 24, 2006
Sold by
Santiago Juan B
Bought by
Santiago Juan B

Purchase Details

Closed on
Sep 23, 2005
Sold by
Santiago Juan B
Bought by
Santiago Juan B and Santiago Irma
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
Chimel Adeline $50,000 Michigan Title Ins Agency In
Santiago Juan -- Attorney
Santiago Juan B -- None Available
Santiago Juan B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chimel Adeline $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Sold $50,000 0.0% $42 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $50,000 -- $42 / 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 $914 $54,700 $0 $0
2024 $914 $46,200 $0 $0
2023 $1,129 $36,300 $0 $0
2022 $1,216 $26,800 $0 $0
2021 $1,185 $20,200 $0 $0
2020 $1,179 $20,800 $0 $0
2019 $1,161 $15,800 $0 $0
2018 $1,109 $12,400 $0 $0
2017 $211 $11,100 $0 $0
2016 $1,033 $19,400 $0 $0
2015 $865 $12,500 $0 $0
2013 $838 $12,504 $0 $0
2010 -- $14,209 $318 $13,891
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Cynthia Moreno

    RE/MAX of Southeast Michigan

    (313) 350-4804

    3 in this area

    54 Total Sales

    Cynthia Moreno
    Section Image

  • J

    Buyer's Agent in 2016

    Jose Cosme

    Home Pride Realty

See All Agents

Map

Source: Realcomp

MLS Number: 216048632

Realcomp

APN: 16-01-037-60-00B

Michigan Wayne County Detroit 48209 Southwest Detroit

1501 Morrell St, Detroit, MI

This home is located at 1501 Morrell St, Detroit, MI 48209 since 18 May 2016 and is currently estimated at $117,151, approximately $97 per square foot. This property was built in 1934. 1501 Morrell St is a home located in Wayne County with nearby schools including Maybury 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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