NOT LISTED FOR SALE

Estimated Value: $224,000 - $308,915

3 Beds
3 Baths
3,109 Sq Ft
$89/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $235,000 $76 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,814/month

47 Days on Market

Highlights

  • Covered Patio or Porch
  • Hot Water Heating System
  • 3-minute walk to 360 Park
  • Cass Technical High School Rated 10

About This Home

As of April 2023

RARE OPPORTUNITY to own this beautifully updated (2019) brick DUPLEX located in the heart of the highly sought-after Virginia Park Historic District!

Each flat features 3 bedrooms, a kitchen, a full bathroom, as well as a spacious living room AND dining room, perfect for entertaining guests. The second-floor unit extends up the staircase to the fully renovated third floor loft, which includes another full bathroom, making this an ideal space for a large and impressive primary suite, office, or virtually anything else. The full, unfinished common basement provides for additional unexplored potential. The many windows throughout this entire home allow for a plethora of natural sunlight, and the well maintained, lustrous hardwood floors compliment the modern updates perfectly. Each unit has its own fireplace. The long driveway leads to a large, pristine backyard, that is awaiting your creative touch.

This property offers a multitude of possibilities, including using both units of this home to generate a steady and reliable income, occupying one unit while renting out the other, or treating the entire home as a 7 bedroom, 3 bathroom single-family dwelling.

Units in this area are currently renting for $1+ per square foot.
Both units are currently tenant occupied. Current tenants will be out after February. BATVAI.
Please DO NOT disturb tenants. Showings by appointment ONLY. All showings MUST be accompanied by a realtor licensed in the state of Michigan.

Last Agent to Sell the Property

Armen Shahrigian

EXP Realty - Northville License #6501442698 Listed on: 12/23/2022

EXP Realty - Northville

Last Buyer's Agent

Joseph Venditti

Sine & Monaghan, LLC License #6501435136

Sine & Monaghan, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1919 | Remodeled in 2019

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 40.00 x 174.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,109 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W08I001970S
  • $14,100 Seller Concession

Community Details

Overview

  • 2 Units
  • Virginia Park Sub Of Pt Of 1/4 Sec 55 Ttat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,341

Year Built

Built in 1919 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Townhouse, Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Assessment: 340.00
  • Year Built: 1919
  • State Equalized Value: 33600.0000
  • Year Renovated: 2019
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3109
  • Total Sq Ft: 3109
  • Sq Ft Total Bsmt: 1371

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 40.00 x 174.00
  • Parcel Number: W08I001970S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 1210.0000
  • Tax Amount Winter: 131.0000
  • Total Tax: 1341.0000
  • Taxable Value: 14316.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2022
Sold by
Vertical Capital Income Fund
Bought by
Ptp One Llc
Current Estimated Value
$276,229

Purchase Details

Closed on
Apr 20, 2022
Sold by
Kiavi Funding Inc
Bought by
Vertical Capital Income Fund

Purchase Details

Closed on
Jul 22, 2021
Sold by
Thessco Llc
Bought by
Lendinghome Funding Corporation

Purchase Details

Closed on
Nov 30, 2012
Sold by
Wayne County Treasurer
Bought by
Co Thess

Purchase Details

Closed on
Sep 25, 2008
Sold by
Wells Fargo Bank Na
Bought by
Interstate Investment Group Llc

Purchase Details

Closed on
May 24, 2007
Sold by
Olojo Yetunde and Olojo Agboola
Bought by
Wells Fargo Bank Na and Securitized Asset Backed Receivables Llc

Purchase Details

Closed on
Jan 16, 2006
Sold by
Stokes Eric and Stokes Elizabeth
Bought by
Olojo Yetunde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
10.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 9, 2005
Sold by
Stokes Eric
Bought by
Deutsche Bank Trust Co Americas and Bankers Trust Co

Purchase Details

Closed on
Feb 11, 2004
Sold by
Christian Transportation Services
Bought by
Stokes Eric

Purchase Details

Closed on
Dec 3, 2001
Sold by
Christian Transportation Services Inc
Bought by
Stokes Eric
Source: Public Records

Range of Values:

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Average Value
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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
Ptp One Llc $100,000 Rosenberg Lpa Llc
Vertical Capital Income Fund -- None Listed On Document
Lendinghome Funding Corporation $112,728 None Available
Co Thess $500 None Available
Interstate Investment Group Llc -- None Available
Wells Fargo Bank Na $69,941 None Available
Olojo Yetunde $80,000 Abstract Title Agency
Deutsche Bank Trust Co Americas $45,000 None Available
Stokes Eric $47,000 Multiple
Stokes Eric $47,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Chauna $227,950
Closed Ptp One Llc $35,000
Previous Owner Thessco Llc $75,000
Previous Owner Thessco Llc $13,000
Previous Owner Olojo Agboola $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $235,000 -9.3% $76 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/25/2023 01/25/23 Price Changed $259,000 -7.2% $83 / Sq Ft
12/23/2022 12/23/22 For Sale $279,000 -- $90 / 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 $3,708 $68,400 $0 $0
2024 $3,708 $45,900 $0 $0
2023 $2,565 $38,900 $0 $0
2022 $1,245 $33,600 $0 $0
2021 $1,214 $22,900 $0 $0
2020 $1,201 $20,000 $0 $0
2019 $1,283 $15,300 $0 $0
2018 $1,110 $13,100 $0 $0
2017 $191 $12,100 $0 $0
2016 $1,230 $29,900 $0 $0
2015 $1,250 $12,500 $0 $0
2013 $1,734 $17,335 $0 $0
2010 -- $26,270 $828 $25,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221070103

Realcomp

APN: 08-001970