$119,000
SOLD MAY 13, 2022

1524 Fort Park Blvd Lincoln Park, MI 48146

4 Beds
2 Baths
1,872 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

8% Below List Price

33 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of May 2022

Great investment opportunity with this already performing duplex with additional rent potential. Owner has made updates in the past two years including, but not limited to, painting and flooring. Still, there is room for some sweat equity. 2 bedrooms in each unit. Lower unit is rented for $750/month with a lease through February and the upper unit is rented for $690/month on a month to month lease. Fenced yard. Separate gas & electric. Seller has ordered city inspection and is selling AS-IS.

Last Agent to Sell the Property

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 09/23/2021

Keller Williams Somerset

Co-Listed By

Michael Helfant

Keller Williams Somerset License #6501430389

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 09/23/2021

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 55.00x105.00
  • Fenced

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,872 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 45006040347002
  • $2,380 Seller Concession

Community Details

Overview

  • 2 Units
  • Elmwood Park Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 215.05
  • Year Built: 1924
  • State Equalized Value: 41700.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 1872
  • Total Sq Ft: 1872
  • Sq Ft Total Bsmt: 864

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 55
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Separate Meter
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Lincoln Park

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 55.00X105.00
  • Parcel Number: 45006040347002
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1440

Tax Info

  • Tax Amount Summer: 2586.0000
  • Tax Amount Winter: 664.0000
  • Total Tax: 3250.0000
  • Taxable Value: 41700.0000

Multi Family

  • Gross Scheduled Income: 17280.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
May 10, 2022
Sold by
Yve Kawa-Small Constance
Bought by
Cq Family Estates Llc
Seller's Agent
Joe Hammel
Keller Williams Somerset
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$129,500
Sold Price
$119,000
Premium/Discount to List
-$10,500
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.85%
Original Mortgage
$92,000
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2019
Sold by
Woodfalks Joselean and Jackson Michael Jerome
Bought by
Kawa Small Constance Yve and Small Travis Reed

Purchase Details

Closed on
Jan 16, 2017
Sold by
Woodfalks Joselean
Bought by
Woodfalks Joselean
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 $119,000 None Listed On Document
Warranty Deed $62,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,600 Credit Line Revolving
Closed $92,000 New Conventional
Previous Owner $84,700 New Conventional
Previous Owner $71,700 New Conventional
Previous Owner $72,500 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $155,000 +30.3% $83 / Sq Ft
05/13/2022 05/13/22 Sold $119,000 -0.4% $64 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/06/2021 10/06/21 Price Changed $119,500 -7.7% $64 / Sq Ft
09/23/2021 09/23/21 For Sale $129,500 -- $69 / 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 $4,662 $86,100 $0 $0
2023 $4,425 $72,000 $0 $0
2022 $3,139 $65,100 $0 $0
2021 $3,064 $63,100 $0 $0
2020 $3,250 $41,700 $0 $0
2019 $2,157 $39,300 $0 $0
2018 $1,990 $33,900 $0 $0
2017 $995 $33,200 $0 $0
2016 $2,380 $33,500 $0 $0
2015 $3,300 $33,000 $0 $0
2013 $3,530 $36,900 $0 $0
2012 $2,869 $38,000 $6,400 $31,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210079921

Realcomp

APN: 45-006-04-0347-002