NOT LISTED FOR SALE

16589 Sorrento St Detroit, MI 48235

Harmony Village Neighborhood

Estimated Value: $74,000 - $117,000

3 Beds
1 Bath
1,278 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $60,000 $47 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $627/month

169 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 2 Car Detached Garage

About This Home

As of March 2023

Investment opportunity on Detroit's West Side! 3 bedroom brick Colonial occupied by performing tenant. Current rent rate $900 / month. Lease and rent ledger available upon request. Professionally managed asset. No showings without accepted offer. Do not disturb tenants.

Last Agent to Sell the Property

Ben Ness

Clyde Realty LLC License #6501394137 Listed on: 08/09/2022

Co-Listed By

Alex Lauer

Clyde Realty LLC License #6501387117

Last Buyer's Agent

Ben Ness

Clyde Realty LLC License #6501394137 Listed on: 08/09/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1931

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00 x 115.00

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,278 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Murphy Bros St Marys Woods Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I024060S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,229

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1931
  • State Equalized Value: 19800.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1278
  • Total Sq Ft: 1278
  • Sq Ft Total Bsmt: 600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 700000.0000
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00 x 115.00
  • Parcel Number: W22I024060S

Tax Info

  • Tax Amount Summer: 1096.0000
  • Tax Amount Winter: 133.0000
  • Total Tax: 1229.0000
  • Taxable Value: 14071.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Feb 3, 2023
Sold by
Grant Karen B E
Bought by
Kmc Sorrento 16589 Llc
Seller's Agent
Ben Ness
Clyde Realty LLC
Buyer's Agent
Ben Ness
Clyde Realty LLC
List Price
$63,000
Sold Price
$60,000
Premium/Discount to List
-$3,000
-4.76%
Views
13
Current Estimated Value
$97,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,887
Avg. Annual Appreciation
22.49%
Original Mortgage
$75,000
Outstanding Balance
$72,790
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$27,447

Purchase Details

Closed on
Jul 1, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 3, 2009
Sold by
Cherry Aaron W and Cherry Brandy
Bought by
Mortgage Electronic Registration Systems
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
Kmc Sorrento 16589 Llc $60,000 Bell Title
Kmc Sorrento 16589 Llc $60,000 Bell Title
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $89,274 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kmc Sorrento 16589 Llc $75,000
Closed Kmc Sorrento 16589 Llc $75,000
Previous Owner Cherry Aaron W $40,524
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $60,000 -4.8% $47 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
12/22/2022 12/22/22 For Sale $63,000 +5.0% $49 / Sq Ft
12/02/2022 12/02/22 Off Market $60,000 -- --
11/08/2022 11/08/22 Price Changed $63,000 -4.5% $49 / Sq Ft
10/22/2022 10/22/22 Price Changed $66,000 -4.3% $52 / Sq Ft
10/06/2022 10/06/22 Price Changed $69,000 -6.8% $54 / Sq Ft
09/06/2022 09/06/22 Price Changed $74,000 -6.3% $58 / Sq Ft
08/09/2022 08/09/22 For Sale $79,000 -- $62 / 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 $3,602 $51,900 $0 $0
2024 $3,602 $44,500 $0 $0
2023 $1,415 $35,800 $0 $0
2022 $1,510 $28,200 $0 $0
2021 $1,468 $19,800 $0 $0
2020 $1,468 $18,400 $0 $0
2019 $1,504 $15,900 $0 $0
2018 $1,264 $13,300 $0 $0
2017 $248 $13,100 $0 $0
2016 $1,583 $17,800 $0 $0
2015 $1,515 $17,800 $0 $0
2013 $1,468 $24,942 $0 $0
2010 -- $35,738 $733 $35,005
Source: Public Records

Agents Affiliated with this Home

  • Ben Ness

    Seller's Agent in 2023

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    3 in this area

    401 Total Sales

    Ben Ness
    Section Image
  • Alex Lauer

    Seller Co-Listing Agent in 2023

    Alex Lauer

    Clyde Realty LLC

    (313) 230-0510

    3 in this area

    380 Total Sales

    Alex Lauer
    Section Image
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Map

Source: Realcomp

MLS Number: 20221029204

Realcomp

APN: 22-024060

Michigan Wayne County Detroit 48235 Harmony Village

16589 Sorrento St, Detroit, MI

This home is located at 16589 Sorrento St, Detroit, MI 48235 since 09 August 2022 and is currently estimated at $97,887, approximately $76 per square foot. This property was built in 1931. 16589 Sorrento St is a home located in Wayne County with nearby schools including John R. King Academic And Performing Arts Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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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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