NOT LISTED FOR SALE

16562 Inverness St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $66,389 - $152,000

2 Beds
1.5 Baths
783 Sq Ft
$134/Sq Ft Est. Value

Last Sold August 03, 2017

Last sale price $12,500 $16 Per Sq Ft

Est. 739% increase in value since last sale

Current estimated payment $646/month

51 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Porch

About This Home

As of August 2017

2 bedroom 1 1/2 bath ranch just outside of the University District. Great investment property or starter home. Interior showings will only be permitted after an accepted offer. All offers must have proof of funds. Seller will consider land contract terms for offer of list price. Buyer to pay $295 compliance fee to listing agent. Listing agent will hold earnest money deposit. No exceptions. All room sizes are approximate. Contact listing agent with any questions.

Last Agent to Sell the Property

Laketa Alexander

KW Metro License #6501348315 Listed on: 06/10/2017

KW Metro

Last Buyer's Agent

Laketa Alexander

KW Metro License #6501348315 Listed on: 06/10/2017

KW Metro

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x119.00

Home Design

  • 783 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Log Cabin Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I009793S

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Range/Stove
  • Sq Ft Combined: 783
  • Total Sq Ft: 783
  • Sq Ft Total Bsmt: 783

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 113636.3636
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X119.00
  • Parcel Number: W08I009793S

Tax Info

  • Tax Amount Summer: 442.0000
  • Tax Amount Winter: 39.0000
  • Total Tax: 481.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2017
Closed on
Aug 3, 2017
Sold by
Flennoy Sylvia L
Bought by
Baldwin Tracy
Seller's Agent
Laketa Alexander
KW Metro
Buyer's Agent
Laketa Alexander
KW Metro
List Price
$12,500
Sold Price
$12,500
Current Estimated Value
$104,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,347
Avg. Annual Appreciation
26.78%
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
Baldwin Tracy $12,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flennoy Sylvia L $4,717
Previous Owner Flennoy Sylvia L $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2017 08/03/17 Sold $12,500 0.0% $16 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $12,500 0.0% $16 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
06/10/2017 06/10/17 For Sale $12,500 -- $16 / 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 $885 $25,800 $0 $0
2024 $885 $21,000 $0 $0
2023 $858 $16,600 $0 $0
2022 $909 $16,300 $0 $0
2021 $886 $12,500 $0 $0
2020 $886 $10,800 $0 $0
2019 $874 $7,900 $0 $0
2018 $779 $7,000 $0 $0
2017 $65 $7,000 $0 $0
2016 $481 $14,000 $0 $0
2015 $400 $4,000 $0 $0
2013 $504 $5,040 $0 $0
2010 -- $6,995 $953 $6,042
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Laketa Alexander

    KW Metro

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Map

Source: Realcomp

MLS Number: 217049452

Realcomp

APN: 08-009793

Michigan Wayne County Detroit 48203 Martin Park

16562 Inverness St, Detroit, MI

This home is located at 16562 Inverness St, Detroit, MI 48221 since 10 June 2017 and is currently estimated at $104,847, approximately $133 per square foot. This property was built in 1951. 16562 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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