NOT LISTED FOR SALE

1563 Waterman St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $107,000 - $167,240

2 Beds
3 Baths
1,313 Sq Ft
$97/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $62,500 $48 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $825/month

14 Days on Market

About This Home

As of January 2019

AS IS SALE. BUYER IS RESPONSIBLE FOR THE ONE TENANT THAT IS CURRENTLY LEASING FOR $400 PER PLUS 1/3 OF THE UTILITIES. HOME FEATURE THREE APARTMENT. I STUDIO AND 2 - 1 BEDROOM UNITS. CLOSE TO SCHOOL, PLACE OF WORSHIP, PARK AND SHOPPING CENTER.

Last Agent to Sell the Property

Luis Rodriguez

RE/MAX Leading Edge License #6501326742 Listed on: 11/27/2018

RE/MAX Leading Edge

Last Buyer's Agent

Luis Roberto Rodríguez

RE/MAX Leading Edge License #RCO-6501326742

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25.00x141.70

Home Design

  • Triplex
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 1,313 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 3 Units
  • Cunningham & Brighams Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W18I008192S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,058

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Assessment: 240
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1313
  • Total Sq Ft: 1313
  • Sq Ft Total Bsmt: 203

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 25
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 937500.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 25.00X141.70
  • Parcel Number: W18I008192S
  • Encroachment: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 400

Tax Info

  • Tax Amount Summer: 970.0000
  • Tax Amount Winter: 88.0000
  • Total Tax: 1058.0000

Multi Family

  • Gross Scheduled Income: 4800.00
  • Number Of Units Total: 3
  • Unit Count: 1
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Jan 3, 2019
Sold by
Garza Jose Carlos
Bought by
Vivere Homes Llc
Seller's Agent
Luis Rodriguez
RE/MAX Leading Edge
Buyer's Agent
Luis Rodriguez
RE/MAX Leading Edge
List Price
$75,000
Sold Price
$62,500
Premium/Discount to List
-$12,500
-16.67%
Current Estimated Value
$116,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,741
Avg. Annual Appreciation
9.84%

Purchase Details

Closed on
Jun 27, 2018
Sold by
Garza Carlos and Garza Anna Maria
Bought by
Garza Jose Carlos
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
Vivere Homes Llc $62,500 First American Title Ins Co
Garza Jose Carlos -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vivere Homes Llc $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2019 01/07/19 Sold $62,500 -16.7% $48 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
11/27/2018 11/27/18 For Sale $75,000 -- $57 / 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 $2,257 $63,400 $0 $0
2024 $2,257 $53,400 $0 $0
2023 $2,194 $42,000 $0 $0
2022 $2,353 $31,000 $0 $0
2021 $2,283 $23,400 $0 $0
2020 $2,382 $24,200 $0 $0
2019 $922 $18,300 $0 $0
2018 $970 $13,700 $0 $0
2017 $176 $12,300 $0 $0
2016 $1,058 $9,700 $0 $0
2015 $947 $9,700 $0 $0
2013 $917 $10,798 $0 $0
2010 -- $15,471 $352 $15,119
Source: Public Records

Agents Affiliated with this Home

  • Luis Rodriguez

    Seller's Agent in 2019

    Luis Rodriguez

    RE/MAX

    (313) 282-8938

    5 in this area

    98 Total Sales

    Section Image
  • Luis Roberto Rodríguez

    Buyer's Agent in 2019

    Luis Roberto Rodríguez

    RE/MAX Leading Edge

    (313) 282-8938

    4 in this area

    52 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 218113587

Realcomp

APN: 18-008192

Michigan Wayne County Detroit 48209 Southwest Detroit

1563 Waterman St, Detroit, MI

This home is located at 1563 Waterman St, Detroit, MI 48209 since 27 November 2018 and is currently estimated at $127,560, approximately $97 per square foot. This property was built in 1890. 1563 Waterman St is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Western International High School.

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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