NOT LISTED FOR SALE

16526 Fairfield St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $210,000 - $253,225

6 Beds
2.5 Baths
2,600 Sq Ft
$86/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $185,000 $71 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,480/month

2 Days on Market

Highlights

  • 1 Car Garage
  • Cass Technical High School Rated 10
  • Heating System Uses Steam

About This Home

As of November 2022

CALLING ALL INVESTORS!!
This Multifamily brick unit has 3 bdrms and 1 bath in each unit. Located directly across from Univ of Detroit college where students are always looking for good affordable housing. It is within walking distance of the university. Seven students can live comfortably in this large unit. Run the numbers...multiply the rent by 7 students!
There are beautiful hardwood floors, separate basement area, plenty of storage space, a large lot or student parking and fireplaces to warm the tenants in the winter months. Updates include new carpet, painted throughout, updated kitchens, half bath installed in the basement, electrical and plumbing. The attic has been drywall, closet added for a master bdrm or a studio/efficiency.
Appl include- Dishwasher, refrig, stv, micr, wash/dry in upper unit only. Existing plumbing has been installed behind the drywall at the main stack to add bathroom for attic.
Don't let this money maker pass you by! The seller lives in the upper unit but will be moving after house is sold. The lower unit is vacant. There are 2 separate meters. Rent is projected.

Highest and Best offer deadline- Monday October 3, 2022
at 9 PM.

Last Agent to Sell the Property

Lashonne Joe Hardy

National Realty Centers, Inc License #6501332473 Listed on: 10/01/2022

National Realty Centers, Inc

Last Buyer's Agent

Kyle Poe

EXP Realty License #RCO-6501401999

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00 x 125.00

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Steam

Listing and Financial Details

  • Assessor Parcel Number W12I012092S

Community Details

Overview

  • 3 Units
  • Zoological Park Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,439

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1928
  • State Equalized Value: 31600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Water at Street

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00 x 125.00
  • Parcel Number: W12I012092S
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 3500

Tax Info

  • Tax Amount Summer: 1307.0000
  • Tax Amount Winter: 132.0000
  • Total Tax: 1439.0000
  • Taxable Value: 13950.0000

Multi Family

  • Gross Scheduled Income: 42000.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Dec 6, 2022
Sold by
Kellogg Simon
Bought by
Michalak Thomas
Seller's Agent
Lashonne Joe Hardy
National Realty Centers, Inc
Buyer's Agent
Kyle Poe
EXP Realty
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Views
25
Current Estimated Value
$223,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,306
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Jun 15, 2020
Sold by
Payne Allison G
Bought by
Kellogg Simon

Purchase Details

Closed on
Aug 26, 2019
Sold by
Payne Allison G
Bought by
Payne Allison 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
Michalak Thomas $185,000 --
Kellogg Simon $10,000 None Available
Payne Allison G -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $185,000 +2.8% $71 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
10/01/2022 10/01/22 For Sale $179,900 -- $69 / 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 $3,727 $78,500 $0 $0
2024 $3,727 $65,700 $0 $0
2023 $1,505 $51,600 $0 $0
2022 $1,600 $41,200 $0 $0
2021 $1,558 $31,600 $0 $0
2020 $2,926 $27,100 $0 $0
2019 $1,412 $19,800 $0 $0
2018 $1,235 $18,100 $0 $0
2017 $245 $18,100 $0 $0
2016 $1,362 $35,800 $0 $0
2015 $1,510 $15,100 $0 $0
2013 $1,821 $24,187 $0 $0
2010 -- $33,571 $1,073 $32,498
Source: Public Records

Agents Affiliated with this Home

  • Lashonne Joe Hardy

    Seller's Agent in 2022

    Lashonne Joe Hardy

    National Realty Centers, Inc

    (313) 433-4315

    2 in this area

    28 Total Sales

    Lashonne Joe Hardy
    Section Image
  • Kyle Poe

    Buyer's Agent in 2022

    Kyle Poe

    EXP Realty

    (734) 838-7320

    1 in this area

    140 Total Sales

    Kyle Poe
    Section Image
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Map

Source: Realcomp

MLS Number: 20221045881

Realcomp

APN: 12-012092

Michigan Wayne County Detroit 48221 Martin Park

16526 Fairfield St, Detroit, MI

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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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