NOT LISTED FOR SALE

16238 Princeton St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $137,000 - $166,000

4 Beds
2 Baths
1,698 Sq Ft
$90/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $99,900 $59 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,009/month

2 Days on Market

Highlights

  • Porch
  • Bungalow
  • Forced Air Heating System
  • Cass Technical High School Rated 10

About This Home

As of March 2021

MOVE-IN READY UPPER/LOWER DUPLEX IN MARTIN PARK W/ IMMEDIATE OCCUPANCY! Martin Park surrounds University District, Bagley & Fitzgerald communities, so you can get in on this prime location at a fraction of the cost. This property would work well for investor looking to rent both units OR an owner-occupant looking to house-hack while the tenant pays your mortgage! Seller will entertain FHA/VA offers. Both tenants just moved out & units are cleaned + ready for new occupants. Rising rents are estimated at $750+/unit for a total of $1,500+/month. 2 separate gas & electric meters so tenants can set up their own DTE account & you won't get stuck with the bill! FURNACE + HWT TO BE INSTALLED PRIOR TO CLOSING. 2-car garage! Finished basement currently w/ a huge bar + living area & storage rooms could be used to generate extra income w/ paid storage units + laundry. Near Livernois, M-10 ("The Lodge"), University of Detroit-Mercy, Ferndale & Royal Oak. **ALL OFFERS DUE THURS 1/21 @ 11AM**

Last Agent to Sell the Property

Lyndsey Sass

RE/MAX Leading Edge License #6510387479 Listed on: 01/18/2021

RE/MAX Leading Edge

Last Buyer's Agent

Jan Dijkers

Berkshire Hathaway HomeServices The Loft Warehouse License #6501338353

Berkshire Hathaway HomeServices The Loft Warehouse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x112.00

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 1,698 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Parking

  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W12I011033S

Community Details

Overview

  • 2 Units
  • Martin Park Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,713

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Upper/Lower Apartment
  • Architecture Level: 1 1/2 Story
  • Assessment: 240
  • Year Built: 1927
  • State Equalized Value: 17700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1698

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Brick Siding
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Unassigned/General

Utilities

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

Lot Info

  • List Price per Acre: 1110000.0000
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X112.00
  • Parcel Number: W12I011033S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 15000

Tax Info

  • Tax Amount Summer: 1639.0000
  • Tax Amount Winter: 74.0000
  • Total Tax: 1713.0000
  • Taxable Value: 17700.0000

Multi Family

  • Gross Scheduled Income: 18000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2022
Sold by
Abigail Sadler
Bought by
Dahlberg Joshua
Current Estimated Value
$152,988

Purchase Details

Listed on
Jan 13, 2019
Closed on
Apr 9, 2019
Sold by
Axin Mi Llc
Bought by
Tranqui 2 Llc
Seller's Agent
Samuel Abdoo
Abdoo Realty
Buyer's Agent
Lyndsey Sass
RE/MAX Leading Edge
List Price
$79,000
Sold Price
$60,000
Premium/Discount to List
-$19,000
-24.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.34%

Purchase Details

Closed on
Mar 31, 2017
Sold by
Axin Llc
Bought by
Irfan Muhammad and Axin Mi Llc

Purchase Details

Closed on
Oct 26, 2016
Sold by
Sabree Eric R
Bought by
Irfan Muhammad and Axin Llc

Purchase Details

Closed on
Feb 4, 2009
Sold by
Howell Clearie
Bought by
Howell Clearie and The Clearie Howell Jr Living Trust
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
Dahlberg Joshua -- Michigan Land Title
Tranqui 2 Llc $60,000 Regions Title Agency Llc
Irfan Muhammad -- None Available
Irfan Muhammad $23,000 None Available
Howell Clearie -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2021 03/02/21 Sold $99,900 0.0% $59 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $99,900 +66.5% $59 / Sq Ft
04/10/2019 04/10/19 Sold $60,000 -13.0% $41 / Sq Ft View Prior Sale
04/02/2019 04/02/19 Pending -- -- --
03/12/2019 03/12/19 Price Changed $69,000 -12.7% $47 / Sq Ft
01/13/2019 01/13/19 For Sale $79,000 -- $54 / 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 $2,492 $51,500 $0 $0
2024 $2,492 $43,000 $0 $0
2023 $2,423 $33,800 $0 $0
2022 $2,600 $27,000 $0 $0
2021 $2,007 $20,700 $0 $0
2020 $1,806 $17,700 $0 $0
2019 $931 $13,100 $0 $0
2018 $827 $11,100 $0 $0
2017 $142 $11,100 $0 $0
2016 $898 $22,300 $0 $0
2015 $870 $8,700 $0 $0
2013 $1,394 $13,938 $0 $0
2010 -- $19,345 $886 $18,459
Source: Public Records

Agents Affiliated with this Home

  • Lyndsey Sass

    Seller's Agent in 2021

    Lyndsey Sass

    RE/MAX

    (734) 558-6584

    1 in this area

    50 Total Sales

    Lyndsey Sass
    Section Image
  • Jan Dijkers

    Buyer's Agent in 2021

    Jan Dijkers

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 319-1370

    1 in this area

    243 Total Sales

    Jan Dijkers
    Section Image
  • Samuel Abdoo

    Seller's Agent in 2019

    Samuel Abdoo

    Abdoo Realty

    (313) 920-6318

    43 Total Sales

    Samuel Abdoo
    Section Image
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Map

Source: Realcomp

MLS Number: 2210003149

Realcomp

APN: 12-011033

Michigan Wayne County Detroit 48221 Martin Park

16238 Princeton St, Detroit, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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