NOT LISTED FOR SALE

Estimated Value: $66,000 - $170,000

4 Beds
2 Baths
1,944 Sq Ft
$64/Sq Ft Est. Value

Last Sold October 02, 2015

Last sale price $5,500 $3 Per Sq Ft

Est. 2,161% increase in value since last sale

Current estimated payment $663/month

87 Days on Market

Highlights

  • Forced Air Heating System
  • Garage
  • 4-minute walk to Cook Park
  • Cass Technical High School Rated 10

About This Home

As of October 2015

This home does need some work but not a complete rehab, This is a great deal for the price. This is a multi unit property which means it is nothing but a Money Maker and great Investment!!

Last Agent to Sell the Property

Jeff Glover

KW Professionals License #6501317808 Listed on: 06/05/2015

KW Professionals

Co-Listed By

Tyraa Caldwell

Tyraa Nicole Realtors LLC License #6501360037

Last Buyer's Agent

Chanell Rice

Community Choice Realty Inc License #RCO-6501389535

Community Choice Realty Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • Lot Dimensions are 35.00x170.00

Parking

  • Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,944 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

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

Community Details

  • 2 Units
  • Rugby Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I010575S

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 1944
  • Total Sq Ft: 1944
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • 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 Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 35.00X170.00
  • Parcel Number: W22I010575S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 900

Tax Info

  • Tax Amount Summer: 1262.0000
  • Tax Amount Winter: 112.0000
  • Total Tax: 1374.0000

Multi Family

  • Gross Scheduled Income: 10800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Sep 24, 2015
Sold by
Pensco Trust Inc
Bought by
Richburg Investment Group Llc
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Chanell Rice
Community Choice Realty Inc
List Price
$7,000
Sold Price
$5,500
Premium/Discount to List
-$1,500
-21.43%
Current Estimated Value
$124,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,868
Avg. Annual Appreciation
37.22%

Purchase Details

Closed on
Mar 11, 2011
Sold by
Bay Area Equity Group Llc
Bought by
Pensco Trust Inc and James W Dempsey Ira #70000888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,129
Interest Rate
5.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 10, 2011
Sold by
Dehn David and Dehn Mary Lynn
Bought by
Bay Area Equity Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,129
Interest Rate
5.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 2009
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 22, 2004
Sold by
Wagner Michael E and Wagner Linda M
Bought by
Wagner Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 21, 2004
Sold by
Wagner Property Investment Llc
Bought by
Wagner Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 13, 2004
Sold by
Wagner Michael E and Wagner Linda M
Bought by
Wagner Property Investments Llc

Purchase Details

Closed on
Oct 21, 2003
Sold by
City Of Detroit
Bought by
Wagner Michael E
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
Richburg Investment Group Llc $5,500 None Available
Pensco Trust Inc $46,995 None Available
Bay Area Equity Group Llc $15,555 None Available
Federal National Mortgage Association -- None Available
Wells Fargo Bank Na $91,202 None Available
Wagner Property Investments Llc -- --
Wagner Michael E -- --
Wagner Property Investments Llc -- --
Wagner Michael E $23,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bay Area Equity Group Llc $24,129
Previous Owner Wagner Michael E $91,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2015 10/02/15 Sold $5,500 -21.4% $3 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $7,000 -- $4 / 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 -- $0 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $982 $0 $0 $0
2021 $0 $0 $0 $0
2019 $1,071 $14,400 $0 $0
2018 $946 $11,600 $0 $0
2017 $170 $11,900 $0 $0
2016 $1,032 $10,500 $0 $0
2015 $1,050 $10,500 $0 $0
2013 $1,474 $14,737 $0 $0
2010 -- $21,115 $745 $20,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215056848

Realcomp

APN: 22-010575