NOT LISTED FOR SALE

Estimated Value: $98,000 - $154,000

5 Beds
2.5 Baths
1,497 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 02, 2018

Last sale price $47,000 $31 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $872/month

20 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Garage
  • Cass Technical High School Rated 10

About This Home

As of May 2018

Attention investors! This ample-sized brick duplex now available for earning power in the rising Grandmont-Rosedale area which has been targeted for revitalization. This home has an all brick exterior with a dimensional-shingled roof, 2 car garage, full basement, and main level has back door leading to large deck. Main level also has large bedrooms, large kitchen, formal dining room and living room with fireplace.
Here's an opportunity to live in one unit while having a majority or all of your mortgage note paid by your tenant!

Last Agent to Sell the Property

Quin D'Amico

RE/MAX Showcase Homes License #6501305945 Listed on: 03/28/2018

RE/MAX Showcase Homes

Last Buyer's Agent

Laura Sanchez

Creative USA Investment Group LLC License #RCO-6502413397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 44.00x121.00

Home Design

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

Interior Spaces

  • 1,497 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • B E Taylors Luana Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I061373S

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 240
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1497
  • Total Sq Ft: 1497
  • Sq Ft Total Bsmt: 1000

Exterior Features

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

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 458333.3333
  • Lot Size Area: 0.12
  • Lot Dimensions: 44.00X121.00
  • Parcel Number: W22I061373S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 1648.0000
  • Tax Amount Winter: 206.0000
  • Total Tax: 1854.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2
  • Unit Count: 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
Mar 28, 2018
Closed on
Apr 28, 2018
Sold by
Henderson Amber
Bought by
New Kide Llc
Seller's Agent
Quin D'Amico
RE/MAX Showcase Homes
Buyer's Agent
Laura Sanchez
Creative USA Investment Group LLC
List Price
$55,000
Sold Price
$47,000
Premium/Discount to List
-$8,000
-14.55%
Current Estimated Value
$130,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,748
Avg. Annual Appreciation
14.46%

Purchase Details

Listed on
Feb 1, 2016
Closed on
Apr 1, 2016
Sold by
Level Field Spread Llc
Bought by
Henderson Amber
Seller's Agent
Jeanette Lucy
IQ Properties LLC
Buyer's Agent
Quin D'Amico
RE/MAX Showcase Homes
List Price
$19,900
Sold Price
$17,500
Premium/Discount to List
-$2,400
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.80%

Purchase Details

Closed on
Jul 31, 2013
Sold by
Signature Home Holdings Llc
Bought by
Level Field Spread Llc

Purchase Details

Listed on
Aug 29, 2011
Closed on
Mar 27, 2012
Sold by
Direct J Home Solutions Llc
Bought by
Signature Home Holdings Llc
Seller's Agent
Salvatore Tocco II
The Real Estate Group of MI LLC
Buyer's Agent
Salvatore Tocco II
The Real Estate Group of MI LLC
List Price
$18,000
Sold Price
$16,725
Premium/Discount to List
-$1,275
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.42%

Purchase Details

Closed on
Feb 10, 2012
Sold by
Wynn Holdings Llc
Bought by
F Market Straights Llc

Purchase Details

Closed on
Jan 27, 2012
Sold by
Ford Charlotte
Bought by
Wynn Holdings Llc
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
New Kide Llc $47,000 Liberty Title
Henderson Amber $17,500 Attorney
Level Field Spread Llc $75,900 None Available
Signature Home Holdings Llc -- Visionary Title Agency Llc
Signature Home Holdings Llc $75,900 Visionary Title Agency Llc
Direct J Home Solutions Llc -- Chirco Title Company
F Market Straights Llc $32,000 Fidelity Natl Title Ins Co
Wynn Holdings Llc $16,724 Seaver Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Level Field Spread Llc $81,900
Previous Owner Ford Charlotte H $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2018 05/02/18 Sold $47,000 -14.5% $31 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $55,000 +214.3% $37 / Sq Ft
04/01/2016 04/01/16 Sold $17,500 -12.1% $12 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $19,900 +19.0% $13 / Sq Ft
05/09/2012 05/09/12 Sold $16,725 -7.1% $11 / Sq Ft
01/09/2012 01/09/12 Pending -- -- --
08/29/2011 08/29/11 For Sale $18,000 -- $12 / 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 $1,911 $61,700 $0 $0
2024 $1,911 $52,600 $0 $0
2023 $1,857 $41,900 $0 $0
2022 $1,988 $35,100 $0 $0
2021 $2,008 $27,600 $0 $0
2020 $1,930 $27,400 $0 $0
2019 $1,898 $21,100 $0 $0
2018 $1,649 $18,300 $0 $0
2017 $341 $18,000 $0 $0
2016 $1,833 $19,900 $0 $0
2015 $1,990 $19,900 $0 $0
2013 $2,789 $27,894 $0 $0
2010 -- $40,897 $1,076 $39,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218025157

Realcomp

APN: 22-061373