NOT LISTED FOR SALE

16223 Wilson Ave Eastpointe, MI 48021

Estimated Value: $149,000 - $167,713

4 Beds
2 Baths
1,647 Sq Ft
$96/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $80,000 $49 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,050/month

94 Days on Market

About This Home

As of February 2021

Great opportunity to expand your rental portfolio. The lower unit is currently renting month to month and has been a tenant for over 4 years. The upper unit is currently in an annual lease. When I spoke with both tenants both spoke very highly on living there and stated their intention on continuing to reside at the property. Please do not approach the home but do feel free to look at it off the property. In-person inspection of the home will be arranged once an accepted offer is in place. please preview the extensive photos and video prior to writing an offer. Utilities: Tenants: Electric has separate meters. Gas one meter Tenants responsible 45% upper 55% lower. Landlord pays for water and lawn maintenance.

Last Agent to Sell the Property

Richard Sparks

Keller Williams Paint Creek License #6501307636 Listed on: 09/19/2020

Keller Williams Paint Creek

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 40.00x205.00

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,647 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered patio or porch

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1430252063

Community Details

Overview

  • 2 Units
  • Seyferth & Reinert's Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1925
  • State Equalized Value: 33900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 1647
  • Total Sq Ft: 1647
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Outside Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: East Detroit

Lot Info

  • List Price per Acre: 526315.7895
  • Lot Size Area: 0.19
  • Lot Dimensions: 40.00X205.00
  • Parcel Number: 1430252063
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1450

Tax Info

  • Tax Amount Summer: 2113.0000
  • Tax Amount Winter: 67.0000
  • Total Tax: 2180.0000
  • Taxable Value: 26074.0000

Multi Family

  • Gross Scheduled Income: 17400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: East Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Ngo Patrick
Bought by
Greenwood Justin Michael and Kam Sarah Anne
Total Days on Market
94
Current Estimated Value
$158,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Outstanding Balance
$100,118
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$58,560

Purchase Details

Listed on
Sep 19, 2020
Closed on
Jan 26, 2021
Sold by
Dewitt Gary G
Bought by
Ngo Patrick
Seller's Agent
Richard Sparks
Keller Williams Paint Creek
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$100,000
Sold Price
$80,000
Premium/Discount to List
-$20,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.14%
Original Mortgage
$60,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Dewitt Geraldine
Bought by
Dewitt Gary G

Purchase Details

Closed on
May 23, 1997
Sold by
Arden Place Assoc
Bought by
Dewitt G and Dewitt G
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
Greenwood Justin Michael $136,000 None Listed On Document
Ngo Patrick $80,000 Transnation Title Agency
Dewitt Gary G -- None Available
Dewitt G $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenwood Justin Michael $102,000
Previous Owner Ngo Patrick $87,500
Previous Owner Ngo Patrick $60,000
Previous Owner Dewitt Gary G $97,650
Previous Owner Dewitt Gary G $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2021 02/02/21 Sold $80,000 -20.0% $49 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $100,000 0.0% $61 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/19/2020 09/19/20 For Sale $100,000 0.0% $61 / Sq Ft
05/19/2020 05/19/20 Rented $800 0.0% --
05/15/2020 05/15/20 Under Contract -- -- --
02/01/2020 02/01/20 For Rent $800 +7.4% --
01/28/2019 01/28/19 Rented $745 0.0% --
01/26/2019 01/26/19 Under Contract -- -- --
12/21/2018 12/21/18 Price Changed $745 -6.3% $1 / Sq Ft
11/09/2018 11/09/18 Price Changed $795 -6.5% $1 / Sq Ft
10/11/2018 10/11/18 For Rent $850 +70.0% --
02/03/2013 02/03/13 Rented $500 0.0% --
02/03/2013 02/03/13 Under Contract -- -- --
11/15/2012 11/15/12 For Rent $500 -16.7% --
09/24/2012 09/24/12 Rented $600 0.0% --
09/24/2012 09/24/12 Rented $600 0.0% --
09/22/2012 09/22/12 Under Contract -- -- --
09/21/2012 09/21/12 Under Contract -- -- --
09/19/2012 09/19/12 For Rent $600 0.0% --
08/22/2012 08/22/12 For Rent $600 -- --
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 $5,435 $71,700 $0 $0
2023 $4,269 $62,200 $0 $0
2022 $4,321 $52,600 $0 $0
2021 $2,266 $44,400 $0 $0
2020 $2,184 $39,200 $0 $0
2019 $2,180 $33,900 $0 $0
2018 $2,211 $32,120 $0 $0
2017 $2,079 $28,900 $3,870 $25,030
2016 $2,067 $28,900 $0 $0
2015 $1,622 $25,930 $0 $0
2013 -- $24,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200076640

Realcomp

APN: 02-14-30-252-063