NOT LISTED FOR SALE

16200 E State Fair St Detroit, MI 48205

Regent Park Neighborhood

Estimated Value: $70,279 - $87,000

3 Beds
1 Bath
1,074 Sq Ft
$70/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $65,000 $61 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $573/month

14 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Bungalow

About This Home

As of June 2023

OPPOSITE OF FANNIE MAE OR HUD! WE'RE GIVING THE INVESTORS THE FIRST SHOT! GREAT PROPERTY FOR A TRUE "CASH", LONG-TERM INVESTOR, SEEKING A LIQUIDITY SHELTER + CASHFLOW + APPRECIATION. TRUE CASH ON CASH ROI NEAR 17%. MAKE THE PURCHASE, INVEST ANOTHER $3,500 OR LESS IN TLC, PLACE A SOLID TENANT AT $1,250, COLLECT YOUR CASHFLOW AND WATCH THE APPRECIATION. THIS IS A GREAT PROPERTY FOR THE "BRRR" STRATEGY. WITHOUT QUESTION, THIS PROPERTY WILL GAIN $50K IN VALUE IN UNDER 36 MONTHS. (I AM BEING ULTRA CONSERVATIVE HERE.) THIS IS A NO-BRAINER FOR A "TRUE" INVESTOR. THIS DEAL IS SOLID. THE NUMBERS ARE REAL. THERE WILL NOT BE A LOT OF NEGOTIATION. PLEASE DO NOT WASTE THE TIME OR ENERGY. (SEE ATTACHMENTS FOR ROI SPREADSHEET AND PUNCH LIST FOR RENTAL READINESS.)

Last Agent to Sell the Property

Antoine Hayes

Elite Urban Realty Professionals License #6504394080 Listed on: 05/26/2023

Co-Listed By

D'Andre Alexander

Elite Urban Realty Professionals License #6501444989

Last Buyer's Agent

Antoine Hayes

Elite Urban Realty Professionals License #RCO-6504394080

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1951

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 32.00 x 139.00

Parking

  • 2 Car Detached Garage

Home Design

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

Interior Spaces

  • 1,074 Sq Ft Home
  • 1.5-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Avalon Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I023995S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,049

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1951
  • State Equalized Value: 19100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: 100 Amp Service, Circuit Breakers
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 1474
  • Sq Ft Lower Floor: 400
  • Total Sq Ft: 1074
  • Sq Ft Total Bsmt: 798

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 32
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.10
  • Lot Dimensions: 32.00 x 139.00
  • Parcel Number: W21I023995S

Tax Info

  • Tax Amount Summer: 940.0000
  • Tax Amount Winter: 109.0000
  • Total Tax: 1049.0000
  • Taxable Value: 11522.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jun 15, 2023
Sold by
Sparkle Spectacular Llc
Bought by
Lionesz Investments Llc
Seller's Agent
Antoine Hayes
Elite Urban Realty Professionals
Buyer's Agent
Antoine Hayes
Antoine Hayes
List Price
$68,500
Sold Price
$65,000
Premium/Discount to List
-$3,500
-5.11%
Views
3
Current Estimated Value
$75,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,320
Avg. Annual Appreciation
4.95%
Original Mortgage
$60,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 16, 2023
Sold by
Hamlett Monica
Bought by
Sparkle Spectacular Llc

Purchase Details

Closed on
Oct 19, 2022
Sold by
Wayne County Treasurer
Bought by
Hamlett Monica

Purchase Details

Closed on
Oct 11, 2018
Sold by
Sabree Eric R
Bought by
Lief Hacks Investing Llc

Purchase Details

Closed on
Sep 8, 2015
Sold by
Causey Choice
Bought by
Robinson Derrick

Purchase Details

Closed on
Oct 22, 2009
Sold by
High Brittaney B
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Nov 17, 2006
Sold by
Estate Of Joseph T Rikard
Bought by
High Brittaney B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
10.25%
Mortgage Type
New Conventional
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
Lionesz Investments Llc $65,000 None Listed On Document
Sparkle Spectacular Llc $23,000 --
Hamlett Monica $26,324 --
Hamlett Monica $26,324 None Listed On Document
Lief Hacks Investing Llc $20,600 None Available
Robinson Derrick -- None Available
The Bank Of New York Mellon $10,500 None Available
High Brittaney B $67,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lionesz Investments Llc $81,000
Previous Owner Lionesz Investments Llc $60,000
Previous Owner High Brittaney B $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $65,000 -5.1% $61 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $68,500 -- $64 / 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 $2,065 $23,400 $0 $0
2024 $2,065 $24,100 $0 $0
2023 $1,171 $19,600 $0 $0
2022 $1,247 $19,100 $0 $0
2021 $1,214 $12,900 $0 $0
2020 $1,213 $11,000 $0 $0
2019 $1,205 $10,900 $0 $0
2018 $1,056 $10,600 $0 $0
2017 $222 $11,700 $0 $0
2016 $1,833 $21,100 $0 $0
2015 $2,110 $21,100 $0 $0
2013 $2,932 $29,316 $0 $0
2010 -- $42,981 $1,077 $41,904
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Antoine Hayes

    Elite Urban Realty Professionals

    (313) 915-8780

    1 in this area

    23 Total Sales

    Antoine Hayes
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    D'Andre Alexander

    Elite Urban Realty Professionals

See All Agents

Map

Source: Realcomp

MLS Number: 20230037183

Realcomp

APN: 21-023995

Michigan Wayne County Detroit 48205 Regent Park

16200 E State Fair St, Detroit, MI

This home is located at 16200 E State Fair St, Detroit, MI 48205 since 26 May 2023 and is currently estimated at $75,320, approximately $70 per square foot. This property was built in 1951. 16200 E State Fair St is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Denby High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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