Seller's Agent in 2023
Natasha Richards
Bellabay Realty Tri Counties
(313) 204-0310
14 in this area
162 Total Sales
1553 Lawrence St Detroit, MI 48206
Dexter-Linwood NeighborhoodEstimated Value: $86,000 - $111,000
6
Beds
2
Baths
2,506
Sq Ft
$38/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Forced Air Heating System
- Garage
- Cass Technical High School Rated 10
About This Home
As of June 2023Great Investment Opportunity on This 2, 3 Bedroom Colonial. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Last Agent to Sell the Property
Bellabay Realty Tri Counties License #6502385914 Listed on: 10/07/2022
Last Buyer's Agent
Bellabay Realty Tri Counties License #6502385914 Listed on: 10/07/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1916
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 40.00 x 110.00
Parking
- Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2 Full Bathrooms
- 2,506 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Lawrence Park Subdivision
Listing and Financial Details
- Assessor Parcel Number W06I002949S
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 25, 2024
Sold by
Owens Keith
Bought by
Mgmt Preservation Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$178,762
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
-$36,429
Purchase Details
Listed on
Oct 7, 2022
Closed on
Jun 6, 2023
Sold by
Detroit Land Bank Authority
Bought by
Owens Keith
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
Natasha Richards
Bellabay Realty Tri Counties
List Price
$15,000
Sold Price
$16,000
Premium/Discount to List
$1,000
6.67%
Views
140
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
171.28%
Purchase Details
Closed on
May 9, 2014
Sold by
Michigan Land Bank Fast Track Authority
Bought by
Detroit Land Bank Authority
Purchase Details
Closed on
Oct 10, 2012
Sold by
Wayne County Treasurer
Bought by
Michigan Land Bank Fast Track Auth
Purchase Details
Closed on
Feb 8, 2011
Sold by
Thorne Properties Inc
Bought by
Cole Connie M
Purchase Details
Closed on
Dec 4, 2006
Sold by
Rupert Margueritte and Beck Linda
Bought by
Thorne Properties Inc
Purchase Details
Closed on
Dec 4, 2005
Sold by
Rupert Margueritte and Beck Linda
Bought by
Thorne Properties Inc
Purchase Details
Closed on
Nov 3, 1986
Sold by
Castleman Eli B and Castleman Emily
Bought by
Ruper Margueritte
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mgmt Preservation Llc | -- | None Listed On Document | |
| Owens Keith | $16,000 | None Listed On Document | |
| Detroit Land Bank Authority | -- | None Available | |
| Michigan Land Bank Fast Track Auth | -- | None Available | |
| Cole Connie M | -- | None Available | |
| Thorne Properties Inc | -- | Greco | |
| Thorne Properties Inc | -- | None Available | |
| Ruper Margueritte | $16,000 | Lawyers Title Insurance Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mgmt Preservation Llc | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2023 06/06/23 | Sold | $16,000 | +6.7% | $6 / Sq Ft |
| 01/05/2023 01/05/23 | Pending | -- | -- | -- |
| 10/07/2022 10/07/22 | For Sale | $15,000 | -- | $6 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | -- | $6,600 | $0 | $0 |
| 2024 | $38 | $500 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $1,485 | $0 | $0 | $0 |
| 2019 | $1,485 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | $340 | $0 | $0 | $0 |
| 2015 | $1,169 | $0 | $0 | $0 |
| 2013 | $1,169 | $11,691 | $0 | $0 |
| 2010 | -- | $16,751 | $868 | $15,883 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Realcomp
MLS Number: 20221048786
APN: 06-002949
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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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