NOT LISTED FOR SALE

16241 Fairfield St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $190,000 - $254,000

6 Beds
2 Baths
2,700 Sq Ft
$78/Sq Ft Est. Value

Last Sold June 06, 2018

Last sale price $105,000 $39 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,269/month

6 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Ceiling Fan
  • Cass Technical High School Rated 10
  • Awning
  • Garage

About This Home

As of June 2018

Fantastic opportunity to be part of the renaissance of Detroit's own Martin Park. Classic brick duplex with 3BR's up and 3BR's down, each unit with it's own ample dining room, kitchen and spacious living room with fireplace. This chance to live in one unit and have your tenant paying a vast majority of your monthly mortgage only comes along in rare instances, especially in this advancing area. Basement is split equally into two units, as well as the garage. This gem's back yard peers directly onto Calihan Hall and the rest of the campus of University of Detroit Mercy. Upstairs unit is currently leased out to working professional paying $679/mo who wishes to stay past lease expiration. Conveyed via Warranty Deed.

Last Agent to Sell the Property

Quin D'Amico

RE/MAX Showcase Homes License #6501305945 Listed on: 03/08/2018

RE/MAX Showcase Homes

Last Buyer's Agent

Matthew Bush

RE/MAX First License #RCO-6501404811

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x130.00
  • Private Entrance

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 2 Full Bathrooms
  • 2,700 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Zoological Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I012125S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,692

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2700

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Chimney Cap(s), Lighting, Private Entry
  • Foundation Materials: Block
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 999000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X130.00
  • Parcel Number: W12I012125S
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 679

Tax Info

  • Tax Amount Summer: 1517.0000
  • Tax Amount Winter: 175.0000
  • Total Tax: 1692.0000

Multi Family

  • Gross Scheduled Income: 8148.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2024
Sold by
Cullen Michael
Bought by
Elize Getro and Brown-Elize Rashitta
Current Estimated Value
$211,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,490
Outstanding Balance
$140,696
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$70,638

Purchase Details

Listed on
Mar 8, 2018
Closed on
May 19, 2018
Sold by
Abbas Minerva
Bought by
Culien Michael
Seller's Agent
Quin D'Amico
RE/MAX Showcase Homes
Buyer's Agent
Matthew Bush
RE/MAX First
List Price
$99,900
Sold Price
$105,000
Premium/Discount to List
$5,100
5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$103,098
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 7, 2015
Closed on
Apr 25, 2015
Sold by
Franklin Ronald E
Bought by
Abbas Minerva
Seller's Agent
Marshall Montgomery
Michigan Property Resource
Buyer's Agent
Quin D'Amico
RE/MAX Showcase Homes
List Price
$50,000
Sold Price
$46,000
Premium/Discount to List
-$4,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.39%
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
Elize Getro $190,000 None Listed On Document
Culien Michael $105,000 Liberty Title
Abbas Minerva $46,000 Nations Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elize Getro $142,490
Previous Owner Culien Michael $103,098
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2018 06/06/18 Sold $105,000 +5.1% $39 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $99,900 +117.2% $37 / Sq Ft
04/28/2015 04/28/15 Sold $46,000 -8.0% $17 / Sq Ft View Prior Sale
04/15/2015 04/15/15 Pending -- -- --
03/07/2015 03/07/15 For Sale $50,000 -- $19 / 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 $1,953 $84,800 $0 $0
2024 $1,953 $71,300 $0 $0
2023 $2,143 $56,000 $0 $0
2022 $2,290 $43,800 $0 $0
2021 $2,225 $33,500 $0 $0
2020 $2,225 $28,700 $0 $0
2019 $2,190 $20,900 $0 $0
2018 $1,546 $19,000 $0 $0
2017 $291 $19,100 $0 $0
2016 $1,692 $37,700 $0 $0
2015 $1,790 $17,900 $0 $0
2013 $2,215 $28,664 $0 $0
2010 -- $39,786 $1,592 $38,194
Source: Public Records

Agents Affiliated with this Home

  • Quin D'Amico

    Seller's Agent in 2018

    Quin D'Amico

    RE/MAX

    (248) 245-3458

    2 in this area

    118 Total Sales

    Quin D'Amico
    Section Image
  • Matthew Bush

    Buyer's Agent in 2018

    Matthew Bush

    RE/MAX

    (586) 843-6869

    2 in this area

    142 Total Sales

    Matthew Bush
    Section Image
  • Marshall Montgomery

    Seller's Agent in 2015

    Marshall Montgomery

    Michigan Property Resource

    (248) 756-5029

    19 Total Sales

    Marshall Montgomery
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 218018910

Realcomp

APN: 12-012125

Michigan Wayne County Detroit 48221 Martin Park

16241 Fairfield 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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