NOT LISTED FOR SALE

16502 E 8 Mile Rd Detroit, MI 48205

Regent Park Neighborhood

Estimated Value: $58,310 - $96,000

2 Beds
4 Baths
972 Sq Ft
$76/Sq Ft Est. Value

Last Sold January 13, 2017

Last sale price $37,500 $39 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $522/month

130 Days on Market

Highlights

  • Porch
  • 1-Story Property
  • Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of January 2017

Very nice Brick Duplex with great income potential. 1 Bedroom each with full basement. Hardwood floors in both units are rented with 1 becoming vacant on October 1, 2016. Stove, Refrigerator, Washer and Dryer stay in both units. Close to Shopping, I-94 and Public Transportation. Fenced in backyard and separate driveways. Rent per unit $550.00 plus all utilities. Great investment opportunity in Detroit. Sale includes both 16500 and 16502. Seller will sell two more duplexes 16414 and 16418 as well as 16500 and 16502 for $120,000.

Last Agent to Sell the Property

Maria Little

Coldwell Banker Professionals-GPF License #6501312709 Listed on: 08/25/2016

Coldwell Banker Professionals-GPF

Last Buyer's Agent

Charlene Little

Charlene Little Real Estate Broker License #6504393764

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 54.00x110.00

Home Design

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

Interior Spaces

  • 972 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Natural lighting in basement

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 2 Units
  • Tepperts Golf Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I027898C9

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 Story
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight, Private, Unfinished
  • Sq Ft Combined: 972
  • Total Sq Ft: 972
  • Sq Ft Total Bsmt: 972

Exterior Features

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

Garage/Parking

  • MF Parking: Assigned Spaces, Garages

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Forced Air, Separate Meters
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 303571.4286
  • Lot Size Area: 0.14
  • Lot Dimensions: 54.00X110.00
  • Parcel Number: W21I027898C9
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1100

Tax Info

  • Tax Amount Summer: 2295.0000
  • Tax Amount Winter: 236.0000
  • Total Tax: 2531.0000

Multi Family

  • Gross Scheduled Income: 13200.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Goodman Alan M and Martin Goodman A
Bought by
Goodman A Martin
Current Estimated Value
$74,328

Purchase Details

Closed on
Sep 16, 2009
Sold by
Onofriciuk Victor and Matthews William R
Bought by
Morris Samantha
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
Goodman A Martin -- None Available
Morris Samantha $14,000 Cbs Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2017 01/13/17 Sold $37,500 -23.5% $39 / Sq Ft
01/02/2017 01/02/17 Pending -- -- --
08/25/2016 08/25/16 For Sale $49,000 -- $50 / 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 $1,420 $39,700 $0 $0
2024 $1,420 $34,500 $0 $0
2023 $1,379 $28,400 $0 $0
2022 $1,471 $23,500 $0 $0
2021 $1,431 $18,700 $0 $0
2020 $1,430 $16,200 $0 $0
2019 $1,408 $13,200 $0 $0
2018 $1,349 $13,100 $0 $0
2017 $235 $12,400 $0 $0
2016 $2,226 $24,900 $0 $0
2015 $2,490 $24,900 $0 $0
2013 $3,071 $30,705 $0 $0
2010 -- $45,018 $1,634 $43,384
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Maria Little

    Coldwell Banker Professionals-GPF

    Section Image

  • C

    Buyer's Agent in 2017

    Charlene Little

    Charlene Little Real Estate Broker

See All Agents

Map

Source: Realcomp

MLS Number: 216085336

Realcomp

APN: 21-0278989

Michigan Wayne County Detroit 48021 Regent Park

16502 E 8 Mile Rd, Detroit, MI

This home is located at 16502 E 8 Mile Rd, Detroit, MI 48205 since 25 August 2016 and is currently estimated at $74,328, approximately $76 per square foot. This property was built in 1950. 16502 E 8 Mile Rd 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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