NOT LISTED FOR SALE

15737 Forrer St Detroit, MI 48227

Crary-Saint Marys Neighborhood

Estimated Value: $63,000 - $106,493

3 Beds
2 Baths
965 Sq Ft
$90/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $66,000 $68 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $615/month

51 Days on Market

Highlights

  • Ground Level Unit
  • No HOA
  • Bungalow
  • Cass Technical High School Rated 10
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of July 2022

Value add opportunity for buy and hold or flip investors! Minutes away from Grandmont Rosedae, this occupied rental is rented at 850/mo on a m2m lease. Tenant received CERA and has been making payments since. Market rates at 1100/mo+ and ARV of 110K+. Mechanicals in good condition. Electrical panel could be updated, along with kitchen and cosmetics. Garage needs to be removed. Showings allowed with accepted offer.

Access: Property is tenant occupied, showings only with an accepted offer.

Last Agent to Sell the Property

Tim Moore

Zest Realty LLC License #6502431777 Listed on: 04/15/2022

Last Buyer's Agent

Samantha Broughman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50.00x155.00

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 965 Sq Ft Home
  • 1.5-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Greenfield Acres Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I054430S001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,568

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1949
  • State Equalized Value: 18900.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 1865
  • Sq Ft Lower Floor: 900
  • Total Sq Ft: 965
  • Sq Ft Total Bsmt: 965

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Water at Street

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.18
  • Lot Dimensions: 50.00X155.00
  • Parcel Number: W22I054430S001

Tax Info

  • Tax Amount Summer: 1389.0000
  • Tax Amount Winter: 179.0000
  • Total Tax: 1568.0000
  • Taxable Value: 18900.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jul 19, 2022
Sold by
Finicro Investment Group Llc
Bought by
Joyce Minnie L
Seller's Agent
Tim Moore
Zest Realty LLC
Buyer's Agent
Samantha Broughman
List Price
$68,000
Sold Price
$66,000
Premium/Discount to List
-$2,000
-2.94%
Current Estimated Value
$86,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,623
Avg. Annual Appreciation
8.93%
Original Mortgage
$62,700
Outstanding Balance
$60,084
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$26,539

Purchase Details

Closed on
Mar 5, 2021
Sold by
Bassoulos Theofanis
Bought by
Tranqui 2 Llc

Purchase Details

Listed on
Feb 17, 2020
Closed on
May 22, 2020
Sold by
Ilderton Thomas R
Bought by
Bassoulos Thofanis
Seller's Agent
Robert Funk
RE/MAX First
Buyer's Agent
Dane Michael Zawol
Vylla Home
List Price
$35,900
Sold Price
$33,000
Premium/Discount to List
-$2,900
-8.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.89%

Purchase Details

Listed on
Apr 2, 2019
Closed on
Apr 30, 2019
Sold by
Rushmore Loan Management Llc
Bought by
Ilderton Thomas R
Seller's Agent
Raymond Megie
Realty Executives Main St LLC
Buyer's Agent
Robert Funk
RE/MAX First
List Price
$32,500
Sold Price
$36,500
Premium/Discount to List
$4,000
12.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.91%

Purchase Details

Closed on
Jul 12, 2018
Sold by
Hester Lavern
Bought by
Reo Trust
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
Joyce Minnie L $66,000 None Listed On Document
Joyce Minnie L $66,000 None Listed On Document
Finkro Investment Group Llc -- None Listed On Document
Tranqui 2 Llc $45,000 None Available
Tranqui 2 Llc $45,000 None Listed On Document
Tranqi 2 Llc $45,000 None Available
Tranqui 2 Llc $45,000 None Listed On Document
Bassoulos Thofanis $33,000 Visionary Title Agency
Ilderton Thomas R $36,500 None Available
Reo Trust $36,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joyce Minnie L $62,700
Closed Joyce Minnie L $62,700
Previous Owner Hester Lavern $79,299
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $66,000 -2.9% $68 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $68,000 +106.1% $70 / Sq Ft
05/29/2020 05/29/20 Sold $33,000 -8.1% $34 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $35,900 0.0% $37 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
03/19/2020 03/19/20 Price Changed $35,900 -6.8% $37 / Sq Ft
03/02/2020 03/02/20 Price Changed $38,500 -3.5% $40 / Sq Ft
02/17/2020 02/17/20 For Sale $39,900 +9.3% $41 / Sq Ft
04/29/2019 04/29/19 Sold $36,500 +12.3% $38 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $32,500 -- $34 / 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 $1,892 $40,000 $0 $0
2024 $1,892 $33,400 $0 $0
2023 $1,836 $26,700 $0 $0
2022 $1,947 $23,900 $0 $0
2021 $1,890 $18,900 $0 $0
2020 $1,555 $18,700 $0 $0
2019 $1,151 $14,800 $0 $0
2018 $985 $12,700 $0 $0
2017 $235 $12,400 $0 $0
2016 $1,366 $17,700 $0 $0
2015 $1,770 $17,700 $0 $0
2013 $2,481 $24,814 $0 $0
2010 -- $36,381 $1,343 $35,038
Source: Public Records

Agents Affiliated with this Home

  • Tim Moore

    Seller's Agent in 2022

    Tim Moore

    Zest Realty LLC

    (248) 270-8238

    2 in this area

    108 Total Sales

    Tim Moore
    Section Image

  • S

    Buyer's Agent in 2022

    Samantha Broughman

  • Robert Funk

    Seller's Agent in 2020

    Robert Funk

    RE/MAX of Southeast Michigan

    (586) 215-8177

    1 in this area

    197 Total Sales

    Robert Funk
    Section Image
  • Dane Michael Zawol

    Buyer's Agent in 2020

    Dane Michael Zawol

    Vylla Home

    (517) 819-4223

    12 Total Sales

    Dane Michael Zawol
    Section Image
  • Raymond Megie

    Seller's Agent in 2019

    Raymond Megie

    Realty Executives

    (586) 634-1822

    1 in this area

    372 Total Sales

    Raymond Megie
    Section Image
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Map

Source: Realcomp

MLS Number: 2220026770

Realcomp

APN: 22-054430-001

Michigan Wayne County Detroit 48227 Crary-Saint Marys

15737 Forrer St, Detroit, MI

This home is located at 15737 Forrer St, Detroit, MI 48227 since 15 April 2022 and is currently estimated at $86,623, approximately $89 per square foot. This property was built in 1949. 15737 Forrer St is a home located in Wayne County with nearby schools including Young Coleman A. Elementary School, John R. King Academic And Performing Arts Academy, and Charles L. Spain Elementary-Middle 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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