NOT LISTED FOR SALE

Estimated Value: $69,000 - $139,000

4 Beds
2 Baths
1,374 Sq Ft
$74/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $58,000 $42 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $802/month

65 Days on Market

Highlights

  • Balcony
  • Bungalow
  • Fenced
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of August 2023

This charming duplex is located in a quiet, family-friendly neighborhood on the west side of Detroit. The property features 2 bedrooms and 1 bathroom in each unit, as well as a large backyard with plenty of space for entertaining. The upper unit has been recently painted and updated with a new kitchen and bathroom, while the lower unit is in need of some repairs and updates. The property is currently rented for $600 per month, and the tenant has a lease that runs through the end of the summer.

The price is based on the condition of the property and the fact that there is an active tenant in place. Please do not disturb the tenant while the property is for sale. Showings will be scheduled upon accepted offer. BATVAI.

Last Agent to Sell the Property

Jason Pulliam

Apex Realty Management & Consulting License #6502410393 Listed on: 05/28/2023

Last Buyer's Agent

Phil Whitworth

Grant and Main LLC License #RCO-6501402153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 53.00 x 140.00
  • Fenced

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 1,374 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 1 Parking Space
  • On-Street Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W16I042918C9

Community Details

Overview

  • 2 Units
  • Verna Park Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$849

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Duplex
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1928
  • State Equalized Value: 22700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1374
  • Total Sq Ft: 1374
  • Sq Ft Total Bsmt: 908

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 53
  • Porch Type: Balcony
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 1

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 53.00 x 140.00
  • Parcel Number: W16I042918C9
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 600

Tax Info

  • Tax Amount Summer: 767.0000
  • Tax Amount Winter: 82.0000
  • Total Tax: 849.0000
  • Taxable Value: 8667.0000

Multi Family

  • Gross Scheduled Income: 7200.00
  • Number Of Units Total: 2
  • Number of Two 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
May 28, 2023
Closed on
Aug 9, 2023
Sold by
Vougemount Assets Llc
Bought by
Gsp Realty 5 Llc
Seller's Agent
Jason Pulliam
Apex Realty Management & Consulting
Buyer's Agent
Phil Whitworth
Grant and Main LLC
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%
Views
160
Current Estimated Value
$101,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,179
Avg. Annual Appreciation
38.43%
Original Mortgage
$90,630
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2022
Sold by
Ernestina Moore
Bought by
Vougemount Assets Llc

Purchase Details

Closed on
Sep 2, 2005
Sold by
Cannon Velma and Miller Verna
Bought by
Moore Ernestina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,999
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2004
Sold by
Holbrook Pearl M
Bought by
Cannon Velma
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
Gsp Realty 5 Llc $58,000 None Listed On Document
Gsp Realty 5 Llc $58,000 None Listed On Document
Vougemount Assets Llc $23,000 None Listed On Document
Vougemount Assets Llc $23,000 None Listed On Document
Moore Ernestina $60,000 Multiple
Moore Ernestina $60,000 Multiple
Cannon Velma -- --
Cannon Velma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gsp Realty 5 Llc $90,630
Previous Owner Moore Ernestina $47,999
Previous Owner Moore Ernestina $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2023 08/10/23 Sold $58,000 -7.2% $42 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/11/2023 06/11/23 Price Changed $62,500 -3.8% $45 / Sq Ft
05/28/2023 05/28/23 For Sale $65,000 -- $47 / 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 $3,015 $42,600 $0 $0
2024 $3,015 $36,700 $0 $0
2023 $2,557 $30,100 $0 $0
2022 $998 $22,700 $0 $0
2021 $972 $18,000 $0 $0
2020 $972 $17,600 $0 $0
2019 $959 $14,200 $0 $0
2018 $851 $12,600 $0 $0
2017 $147 $11,900 $0 $0
2016 $925 $24,600 $0 $0
2015 $910 $9,100 $0 $0
2013 $1,277 $12,767 $0 $0
2010 -- $18,293 $1,410 $16,883
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230041955

Realcomp

APN: 16-0429189