NOT LISTED FOR SALE

1578 Chestnut St Wyandotte, MI 48192

Estimated Value: $170,000 - $213,743

4 Beds
2 Baths
1,610 Sq Ft
$117/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $165,000 $102 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,305/month

65 Days on Market

About This Home

As of April 2024

INVESTMENT OPPORTUNITY in Wyandotte ... Brick Duplex offering upper and lower unit. 2 Bedrooms. Recently renovated with a shared Basement. Each unit has individual furnace, water meter and electrical box. Upper unit rents for $800 and Lower unit for $950. Located minutes from Downtown Wyandotte. Plumbing from house to sewer has been replaced. New concrete on walking paths in the front and back of the property. New furnace and hot water heater. BATVI. No showings until Seller has accepted a offer to purchase or LOI.

Last Agent to Sell the Property

Celeste Gee

RE/MAX Leading Edge License #6501376866 Listed on: 01/11/2024

RE/MAX Leading Edge

Last Buyer's Agent

Jennifer Oliver

License #123294

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918 | Remodeled in 2019

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30.00 x 140.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,610 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 57017140016000

Community Details

Overview

  • 2 Units
  • Dewey Place Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1918 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1918
  • State Equalized Value: 90000.0000
  • Year Renovated: 2019
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1610
  • Total Sq Ft: 1610
  • Sq Ft Total Bsmt: 805

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Community

Schools

  • School District: Wyandotte

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 30.00 x 140.00
  • Parcel Number: 57017140016000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1750

Tax Info

  • Tax Amount Summer: 3213.0000
  • Tax Amount Winter: 1070.0000
  • Total Tax: 4283.0000
  • Taxable Value: 60133.0000

Multi Family

  • Gross Scheduled Income: 21000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Wyandotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Apr 23, 2024
Sold by
Swan Barbara and Amolsch Alexandria Michelle
Bought by
Elite Professional Mgmt Llc
Seller's Agent
Celeste Gee
RE/MAX Leading Edge
Buyer's Agent
Jennifer Oliver
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Views
314
Current Estimated Value
$187,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,936
Avg. Annual Appreciation
8.37%
Original Mortgage
$157,500
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 7, 2022
Sold by
Swan Bruce
Bought by
Swan Barbara and Amolsch Alexandria Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,615
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 21, 2017
Closed on
Dec 21, 2017
Sold by
J Hall Llc
Bought by
Swan Bruce
Seller's Agent
Nellietha Short
Real Estate One-Southgate
Buyer's Agent
Celeste Gee
RE/MAX Leading Edge
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%
Original Mortgage
$60,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 8, 2012
Closed on
Apr 19, 2012
Sold by
Hall Homer J and Hall Jeffrey
Bought by
J Hall Llc
Seller's Agent
Angela Gaffka
Learn Smart Moves, LLC
Buyer's Agent
Keith Weber
RE/MAX First
List Price
$35,000
Sold Price
$35,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.36%

Purchase Details

Listed on
Mar 8, 2012
Closed on
Apr 16, 2012
Sold by
Reynolds Loreen and Binder Rachel Leah
Bought by
Hall Homer J
Seller's Agent
Angela Gaffka
Learn Smart Moves, LLC
Buyer's Agent
Keith Weber
RE/MAX First
List Price
$35,000
Sold Price
$35,000
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
Elite Professional Mgmt Llc $165,000 None Listed On Document
Murphy Group Holdings Llc $165,000 None Listed On Document
Swan Barbara -- First American Title
Swan Bruce $75,000 First American Title
J Hall Llc -- None Available
Hall Homer J $35,000 Title One Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Group Holdings Llc $157,500
Previous Owner Swan Barbara $71,615
Previous Owner Swan Bruce $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2024 04/23/24 Sold $165,000 -5.7% $102 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $175,000 +133.3% $109 / Sq Ft
12/21/2017 12/21/17 Sold $75,000 0.0% $83 / Sq Ft
11/02/2017 11/02/17 Pending -- -- --
10/21/2017 10/21/17 For Sale $75,000 +114.3% $83 / Sq Ft
04/16/2012 04/16/12 Sold $35,000 0.0% $19 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $35,000 -- $19 / 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 $3,370 $104,500 $0 $0
2024 $3,370 $100,500 $0 $0
2023 $3,213 $90,000 $0 $0
2022 $4,130 $80,000 $0 $0
2021 $4,035 $74,500 $0 $0
2020 $3,979 $66,100 $0 $0
2019 $3,919 $61,100 $0 $0
2018 $2,826 $38,700 $0 $0
2017 $1,198 $38,700 $0 $0
2016 $2,300 $35,200 $0 $0
2015 $3,097 $32,700 $0 $0
2013 $3,000 $30,000 $0 $0
2012 $1,739 $30,900 $5,300 $25,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240001851

Realcomp

APN: 57-017-14-0016-000