NOT LISTED FOR SALE

16544 Inverness St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $84,887 - $152,000

3 Beds
1 Bath
1,259 Sq Ft
$84/Sq Ft Est. Value

Last Sold June 03, 2013

Last sale price $7,500 $6 Per Sq Ft

Est. 1,322% increase in value since last sale

Current estimated payment $795/month

37 Days on Market

About This Home

As of June 2013

LARGE THREE BEDROOM HOME WITH FIREPLACE IN LIVING ROOM, BAR IN BASEMEN AND ONE AND A HALF BATHS. PROPERTY ALSO HAS TWO CAR GARAGE AND LARGE BACKYARD. PART OF THE FIRST LOOK INITIATIVE, ONLY OWNER OCCUPANT OFFER WILL BE CONSIDERED FOR THE FIRST 15 DAYS, INVESTOR OFFERS AFTER.

Last Agent to Sell the Property

Pamela Easley

First Millennium Real Estate Inc License #MISPE-6502111676 Listed on: 03/25/2013

Last Buyer's Agent

Faith Blythe

Ritz Realty License #MISPE-6501352451

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,742

Year Built

  • Built in 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 119

Parking

  • 2 Car Garage

Interior Spaces

  • 1,259 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number W08I009791S

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,742

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Structure Style: 2 Story
  • Year Built: 1923
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Basement: Yes
  • Bedrooms: 3
  • Bedroom 1: On Upper Floor, Dimensions: 12 x 15
  • Bedroom 2: On Upper Floor, Dimensions: 11 x 11
  • Bedroom 3: On Upper Floor, Dimensions: 14 x 12
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Dining Room: On Entry Level, Dimensions: 13 x 12
  • Kitchen: On Entry Level, Dimensions: 12 x 14
  • Library Den: On Entry Level, Dimensions: 12 x 10
  • Living Room: On Entry Level, Dimensions: 13 x 20
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1259
  • Total Finished Sq Ft: 1259

Exterior Features

  • Foundation: Basement

Garage/Parking

  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: W08I009791S
  • Lot Dimensions: 40 X 119
  • Acreage: 0.11
  • Map Side Numeric: 3
  • Map Top Alpha: X
  • Geo Subdivision: MI

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2023
Sold by
Palm Springs Capital Llc
Bought by
Desert Palms Capital Llc
Current Estimated Value
$106,682

Purchase Details

Closed on
Mar 25, 2022
Sold by
Muhammad and Sherrie
Bought by
Palm Springs Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2012
Sold by
Feggins Marguerita L and Ramsey Brian L
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 5, 2004
Sold by
Estate Of Harry E Adams
Bought by
Feggins Marguerita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
7.25%
Mortgage Type
New Conventional
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
Desert Palms Capital Llc -- None Listed On Document
Palm Springs Capital Llc $40,000 Liberty Title
Palm Springs Capital Llc $40,000 Liberty Title
Ajami Hassan $40,000 None Listed On Document
Federal Home Loan Mortgage Corporation $70,505 None Available
Feggins Marguerita L $72,500 First American Title Southea
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palm Springs Capital Llc $50,000
Previous Owner Ajami Hassan $60,469
Previous Owner Feggins Marguerita L $72,000
Previous Owner Feggins Marguerita $65,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2013 06/03/13 Sold $7,500 -15.7% $6 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $8,900 -- $7 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,742 $48,100 $0 $0
2024 $2,742 $40,000 $0 $0
2023 $2,425 $31,500 $0 $0
2022 $961 $24,200 $0 $0
2021 $699 $18,600 $0 $0
2020 $930 $16,000 $0 $0
2019 $917 $11,800 $0 $0
2018 $793 $9,400 $0 $0
2017 $180 $9,500 $0 $0
2016 $1,666 $19,200 $0 $0
2015 $2,008 $34,200 $0 $0
2013 $95 $954 $0 $0
2010 -- $954 $953 $1
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Pamela Easley

    First Millennium Real Estate Inc

    Section Image

  • F

    Buyer's Agent in 2013

    Faith Blythe

    Ritz Realty

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31140901

Michigan Multiple Listing Service

APN: 08-009791

Michigan Wayne County Detroit 48203 Martin Park

16544 Inverness St, Detroit, MI

This home is located at 16544 Inverness St, Detroit, MI 48221 since 25 March 2013 and is currently estimated at $105,222, approximately $83 per square foot. This property was built in 1923. 16544 Inverness St is a home located in Wayne County with nearby schools including Paul Robeson Malcolm X Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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