NOT LISTED FOR SALE

Estimated Value: $47,285 - $271,000

6 Beds
2 Baths
5,504 Sq Ft
$23/Sq Ft Est. Value

Last Sold September 03, 2018

Last sale price $30,000 $5 Per Sq Ft

Est. 316% increase in value since last sale

Current estimated payment $783/month

3 Days on Market

Highlights

  • Covered Patio or Porch
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of September 2018

INVESTOR SPECIAL! HOME IS APART OF A 11 PROPERTY PACKAGE. This home can be purchased separately or with any other homes in the package and seller will consider a reduced rate. A 3 story, 5500 SQUARE FT tenant occupied COLONIAL BRICK DUPLEX within the Waterworks subdivision across from the Marina District and the Gold Coast and less than 5 miles from DOWNTOWN DETROIT. Each duplex has a loft style attic with potential to be converted into a 4th Bedroom! Seperate hot water tank and furnances for each unit. Home is located directly off of Jefferson on a strong street slated for much growth opportunity. Long time occupants looking to stay. Contact your agent today about making an offer based upon inspections prior to any showing instructions per owner request. Home being sold "as is" with tenant rights. Please do not approach home in order to respect their privacy and their legal right to quiet peaceful enjoyment. ~Buyer agent to verify all data~ $395 TRANSACTION FEE PAYABLE AT CLOSING.

Last Agent to Sell the Property

Milton Owens-Crawford

Reach Realty Group License #6501380995 Listed on: 08/28/2018

Last Buyer's Agent

Michael Merrill

Merrill Real Estate Services License #RCO-6502395238

Merrill Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x115.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 5,504 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • 2 Units
  • Waterworks Subdivision

Listing and Financial Details

  • Assessor Parcel Number W19I004883S

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 3 Story
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5504
  • Total Sq Ft: 5504
  • Sq Ft Total Bsmt: 2720

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

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: 454545.4545
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X115.00
  • Parcel Number: W19I004883S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 500

Tax Info

  • Tax Amount Summer: 1043.0000
  • Tax Amount Winter: 85.0000
  • Total Tax: 1128.0000

Multi Family

  • Gross Scheduled Income: 6000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Aug 24, 2018
Sold by
Grace Property Development Llc
Bought by
Detroit Renaissance Llc
Seller's Agent
Milton Owens-Crawford
Reach Realty Group
Buyer's Agent
Michael Merrill
Merrill Real Estate Services
List Price
$50,000
Sold Price
$30,000
Premium/Discount to List
-$20,000
-40%
Current Estimated Value
$124,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,762
Avg. Annual Appreciation
24.76%

Purchase Details

Closed on
Dec 3, 2015
Sold by
Chukwurah Edmund
Bought by
Grace Property Development Llc

Purchase Details

Closed on
Dec 16, 2014
Sold by
Wayne County Treasurer
Bought by
Chukwurah Edmund
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
Detroit Renaissance Llc $30,000 None Available
Grace Property Development Llc -- Attorney
Chukwurah Edmund $6,100 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2018 09/03/18 Sold $30,000 -40.0% $5 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $50,000 -- $9 / 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 $1,252 $37,100 $0 $0
2024 $1,252 $30,800 $0 $0
2023 $1,215 $23,400 $0 $0
2022 $1,294 $18,000 $0 $0
2021 $1,259 $12,900 $0 $0
2020 $1,259 $12,300 $0 $0
2019 $1,240 $11,300 $0 $0
2018 $1,046 $12,400 $0 $0
2017 $170 $12,900 $0 $0
2016 $988 $9,400 $0 $0
2015 $726 $9,400 $0 $0
2013 $703 $11,049 $0 $0
2010 -- $16,199 $529 $15,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218083941

Realcomp

APN: 19-004883