$80,000
SOLD JAN 21, 2025

1599 Magnolia Dr Inkster, MI 48141

3 Beds
1 Bath
1,008 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

6% Below List Price

7 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Baseboard Heating
  • Ground Level Unit

About This Home

As of January 2025

Currently rented at $1200/mo, this stabilized single family is a great addition to your portfolio offering a 12% cash on cash return from day one. Dense, well-maintained block in Inkster. Three bedrooms, one full bathroom, large kitchen, fenced yard and stacked laundry unit make this a desirable and durable rental. You're guaranteed never to have an issue with water intrusion in the basement as it does not exist. Tenant pays all utilities. Showings require proof of funds or pre-approval.

Last Agent to Sell the Property

Garrett Blair

Douglas Rose Realty License #6501426013 Listed on: 12/16/2024

Co-Listed By

Cooper Przekop

Douglas Rose Realty License #6501409524

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1957 | Remodeled in 2018

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00 x 110.00

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,008 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Dearborn Hills Manor Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 44006010538000
  • $4,400 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,578

Year Built

Built in 1957 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 166.00
  • Year Built: 1957
  • State Equalized Value: 33700.0000
  • Year Renovated: 2018
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 4
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Sq Ft Combined: 1008
  • Total Sq Ft: 1008

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Brick, Wood
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Westwood

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00 x 110.00
  • Parcel Number: 44006010538000

Tax Info

  • Tax Amount Summer: 1071.0000
  • Tax Amount Winter: 507.0000
  • Total Tax: 1578.0000
  • Taxable Value: 17649.0000

MLS Schools

  • School District: Westwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2024
Closed on
Jan 21, 2025
Sold by
Jdpm Rentals Mi Llc
Bought by
Titus Amy and Titus Richard
Seller's Agent
Garrett Blair
Douglas Rose Realty
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%
Views
30
Current Estimated Value
$87,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,019
Avg. Annual Appreciation
15.44%

Purchase Details

Closed on
Jul 25, 2018
Sold by
Bayshore Capital Llc
Bought by
Morris Invest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2018
Sold by
Morris Invest Llc
Bought by
Lyla Marie Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2018
Sold by
Honor Management Llc
Bought by
Bayshore Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2016
Sold by
Platinum Real Estate Holdings Llc
Bought by
Honor Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.43%

Purchase Details

Closed on
Nov 30, 2015
Sold by
Wayne County Treasurer
Bought by
Platinum Real Estate Holdings Llc
Source: Public Records

Similar Homes in Inkster, MI

  • 27805 Avondale St, Inkster, MI 48141

    $75,000

    • 2 Beds
    • 1 Bath
    • 714 Sq Ft
    • 27805 Avondale St
    • Inkster, MI

    Attractive, clean 2 bedroom, corner house, bigger than it looks! Mve n ready! come and see today!

    Kenneth Chambers Chambers Realty LLC

    Section Image
  • 1126 Magnolia Dr, Inkster, MI 48141

    $99,900

    • 3 Beds
    • 1.5 Baths
    • 892 Sq Ft
    • 1126 Magnolia Dr
    • Inkster, MI

    Tenant occupied cash flowing property. Great tenant that doesn't miss payments. They have been in the house for 4 years. Lease is up in December. Investor special. This is a really nice block with friendly neighbors and a great community.

    Michael Cowper Braven Enterprises LLC

    Section Image
  • 27455 Avondale St, Inkster, MI 48141

    $100,000

    • 3 Beds
    • 1 Bath
    • 1,025 Sq Ft
    • 27455 Avondale St
    • Inkster, MI

    DO NOT MISS THIS ONE ! NICE RANCH, PLENTY OF STORAGE SPACE, 1 BLOCK FROM MAJOR TRANSPORTATION, NEW FURNACE, NEW HOT WATER HEATER, NEW BASEMENT WINDOWS, CLEAN BIG BASEMENT LOTS OF SPACE,NEWER GUTTERS, LARGE GARAGE, WITH SPACE FOR WORK SHOP ! THIS IS IT !

    Kenneth Chambers Chambers Realty LLC

    Section Image
  • 28632 Hazelwood St, Inkster, MI 48141

    $87,000

    • 3 Beds
    • 1 Bath
    • 1,092 Sq Ft
    • 28632 Hazelwood St
    • Inkster, MI

    Welcome to this charming brick ranch home being sold AS IS located on Hazelwood Street in Inkster and only a 10min from Detroit Metropolitan Wayne County Airport! This residence features a spacious layout with comfortable living spaces, making it a great choice for those seeking room to relax. The property boasts a well-maintained yard, appropriate for outdoor activities. With convenient access

    Steven Koleno Beycome Brokerage Realty LLC

    Section Image
  • 28993 Glenwood St, Inkster, MI 48141

    $71,900

    • 3 Beds
    • 1 Bath
    • 816 Sq Ft
    • 28993 Glenwood St
    • Inkster, MI

    Investment property with a performing Section 8 resident occupied since 2014. Photos reflect before tenancy. Tenant docs are available 72 hours after offer acceptance following EMD delivery confirmation—current tenant month to month at $650 pending rental increase. BATVAI. Measurements estimated. All showings must be scheduled via SHOWINGTIME, and advance notice is required. The buyer is

    Tiara Reese Sunbeam Property Management Inc.

    Section Image
  • 27044 Yale St, Inkster, MI 48141

    $90,000

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft
    • 27044 Yale St
    • Inkster, MI

    This 2 Bedroom 1 Bath w/Basement Ranch Style Home Can Detailed into Your Dream Home. All Info. Est. Must See.

    Ronald Fleming Fleming & Associates Real Estate Services

    Section Image
  • 26281 W Hills Dr, Inkster, MI 48141

    $80,000

    • 3 Beds
    • 1 Bath
    • 930 Sq Ft
    • 26281 W Hills Dr
    • Inkster, MI

    BEAUTIFUL REMODELLED BUNGALOW IN A NICE NEIGHBORHOOD. REFINISHED HARDWOOD FOLOORS, REMODELLED BATHROOM, NEW KITCHEN FEATURES WHITE SHAKER CASBINETS, COUNTERS, FAUCET, HOOD FAN, VINYL PLANK FLOORING. PROPERTY IS OWNED BY A REAL ESTATE AGENT LICENSED IN THE STATE OF MICHIGAN.

    James Taylor RE/MAX Leading Edge

    Section Image
  • 26749 New York St, Inkster, MI 48141

    $90,000

    • 2 Beds
    • 1 Bath
    • 870 Sq Ft
    • 26749 New York St
    • Inkster, MI

    A beautiful home for either investors or homeowners. House is move in ready. Book your showing today. BATVAI.

    Mark Fleming Community Choice Realty Inc

    Section Image
  • 3624 Inkster Rd, Inkster, MI 48141

    $68,000

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • 3624 Inkster Rd
    • Inkster, MI

    COME SEE THIS FULLY RENOVATED MOVE-IN READY 2 BED 1 BATH HOME WITH A FULL BASEMENT THAT OFFERS A SPACIOUS AND INVITING ENVIRONMENT THAT SEAMLESSLY CONNECTS THE LIVING ROOM, DINING SPACE AND KITCHEN. HOME IS NEAR SHOPPING CENTERS, RESTAURANTS, FREEWAYS ETC.

    Monty Alammoury Keller Williams Legacy

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $80,000 Regions Title
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $405,000 Fnt
Quit Claim Deed $900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $177,000 Commercial
Previous Owner -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $80,000 -5.9% $79 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
12/16/2024 12/16/24 For Sale $85,000 -- $84 / 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
2024 $1,071 $33,700 $0 $0
2023 $1,104 $27,700 $0 $0
2022 $1,573 $22,400 $0 $0
2021 $1,630 $20,900 $0 $0
2020 $1,600 $18,200 $0 $0
2019 $1,597 $15,000 $0 $0
2018 $1,350 $12,800 $0 $0
2017 $850 $12,500 $0 $0
2016 $1,271 $11,600 $0 $0
2015 $1,580 $15,800 $0 $0
2013 $2,245 $22,500 $0 $0
2012 $1,028 $24,800 $3,000 $21,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240092462

Realcomp

APN: 44-006-01-0538-000