$350,000
SOLD JAN 11, 2023
8 Beds
4 Baths
3,640 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

12% Below List Price

102 Days on Market

Highlights

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

About This Home

As of January 2023

This income producing quadplex has been fully renovated which includes new mechanicals, has guaranteed income with Section 8 tenants, and is pending final certification with the city. One unit has been left open for tours, and can be filled prior to closing. The other three units are leased and will be made available for inspections after an accepted offer.

Last Agent to Sell the Property

Jay Taylor

Good Company License #6501394740 Listed on: 09/29/2022

Good Company

Last Buyer's Agent

Jay Taylor

Good Company License #6501394740 Listed on: 09/29/2022

Good Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1912 | Remodeled in 2021

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 125.00

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,640 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Storage

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W14I008157S
  • $1,500 Seller Concession

Community Details

Overview

  • 4 Units
  • Bela Hubbards Sub Subdivision

Amenities

  • Lobby

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,877

Year Built

Built in 1912 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1912
  • State Equalized Value: 20600.0000
  • Year Renovated: 2021
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Private Storage Locker
  • Sq Ft Combined: 3640
  • Total Sq Ft: 3640
  • Sq Ft Total Bsmt: 1820

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Fee Information

  • Operating Expense: 48000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 125.00
  • Parcel Number: W14I008157S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 1700.0000
  • Tax Amount Winter: 177.0000
  • Total Tax: 1877.0000
  • Taxable Value: 18759.0000

Multi Family

  • Gross Scheduled Income: 4000.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Jan 31, 2023
Sold by
Rocalisa Llc
Bought by
Lumed Management Limited Partnership
Seller's Agent
Jay Taylor
Good Company
Buyer's Agent
Jay Taylor
Good Company
List Price
$400,000
Sold Price
$350,000
Premium/Discount to List
-$50,000
-12.5%
Views
36
Current Estimated Value
$334,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,325
Avg. Annual Appreciation
-3.06%
Original Mortgage
$253,500
Outstanding Balance
$246,572
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$75,633

Purchase Details

Listed on
Sep 29, 2022
Closed on
Jan 11, 2023
Sold by
Cunningham Nicholas and Cunningham Lisa
Bought by
Rocalisa Llc
Seller's Agent
Jay Taylor
Good Company
Buyer's Agent
Jay Taylor
Good Company
List Price
$400,000
Sold Price
$350,000
Premium/Discount to List
-$50,000
-12.5%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Outstanding Balance
$246,572
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$75,633

Purchase Details

Closed on
Oct 7, 2021
Sold by
Detroit Real Estate Exports Llc
Bought by
Cunningham Nicholas and Cunningham Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 4, 2021
Closed on
Jul 7, 2021
Sold by
Michigan Estate Owl Llc
Bought by
Detroit Real Estate Experts Llc
Seller's Agent
Heather Dell
RE/MAX Leading Edge
Buyer's Agent
Jay Taylor
Good Company
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%

Purchase Details

Closed on
Sep 22, 2020
Sold by
M & F Housing Llc
Bought by
Michigan Estate Owl Llc

Purchase Details

Listed on
Nov 8, 2018
Closed on
Mar 11, 2019
Sold by
D Miller & Associates
Bought by
Riceman Inc
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
Warren Wynn
Keller Williams Realty Central
List Price
$45,000
Sold Price
$20,000
Premium/Discount to List
-$25,000
-55.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.86%

Purchase Details

Listed on
Nov 8, 2018
Closed on
Feb 22, 2019
Sold by
Eig Detrot Llc
Bought by
Associates D Miller
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
Warren Wynn
Keller Williams Realty Central
List Price
$45,000
Sold Price
$20,000
Premium/Discount to List
-$25,000
-55.56%

Purchase Details

Closed on
Dec 27, 2016
Sold by
Ellis Brett D and Williams Hannah M
Bought by
Eig Detroit Llc

Purchase Details

Closed on
Oct 2, 2014
Sold by
Wayne County Treasurer
Bought by
Ellis Brett D and Williams Hannah M

Purchase Details

Closed on
Jul 5, 1995
Sold by
Johnson Andrew F
Bought by
William Butler

Purchase Details

Closed on
Jun 5, 1995
Sold by
Hamilton Alonzo B
Bought by
Andrew F and Andrew Alice Johnson
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 $399,000 --
Warranty Deed $350,000 First American Title
Warranty Deed $275,000 None Available
Warranty Deed $270,000 Ticor Title
Land Contract -- None Available
Warranty Deed $68,000 First American Title
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $20,000 Speedy T&E Svcs Llc
Quit Claim Deed $150 None Available
Quit Claim Deed $6,600 None Available
Deed $31,000 --
Deed $22,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $253,500 New Conventional
Closed $352,000 New Conventional
Previous Owner $202,500 New Conventional
Previous Owner $90,750 Unknown
Closed $0 Land Contract Argmt. Of Sale
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $350,000 -6.7% $96 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
11/14/2022 11/14/22 Price Changed $375,000 -6.3% $103 / Sq Ft
09/29/2022 09/29/22 For Sale $400,000 +48.1% $110 / Sq Ft
07/07/2021 07/07/21 Sold $270,000 +1250.0% $74 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
02/22/2019 02/22/19 Sold $20,000 -55.6% $5 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
11/08/2018 11/08/18 For Sale $45,000 -- $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 $3,843 $57,100 $0 $0
2024 $3,843 $47,700 $0 $0
2023 $2,625 $37,500 $0 $0
2022 $3,019 $29,500 $0 $0
2021 $1,878 $20,600 $0 $0
2020 $1,877 $18,500 $0 $0
2019 $860 $15,600 $0 $0
2018 $697 $16,500 $0 $0
2017 $86 $15,600 $0 $0
2016 $740 $43,900 $0 $0
2015 $470 $4,700 $0 $0
2013 $492 $4,921 $0 $0
2010 -- $7,050 $691 $6,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221046119

Realcomp

APN: 14-008157