NOT LISTED FOR SALE

16661 Inverness St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $194,000 - $277,327

4 Beds
1.5 Baths
2,032 Sq Ft
$120/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $200,000 $98 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,672/month

192 Days on Market

Highlights

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

About This Home

As of January 2023

Not often will you find the melding of the old and new as you will at this estate. Pulling up you will notice the original brick and stone work complementing the new windows and new siding. As you enter the home you will appreciate the original detailed trim and original wood floors. Perfect the entertainer - the kitchen features custom cabinetry with quartz countertops and has a separate entertaining/bar/ area with quartz countertops to lay out your favorite bottles and hors d'oeuvres. On the serious side there is an office/library on the main floor that can double as a 4th bedroom if the space is needed. The baths have been fully renovated, they are fresh, elegant and timeless. The finished basement has a bar area to continue the entertainment. The back yard has a ton of potential and is fully fenced for privacy. Furnace and tank will be installed prior to close. $3000 appliance credit with a full price offer. New roof on garage Oct 2022!

Last Agent to Sell the Property

John Echterling

@properties Christie's Int'l R.E. Detroit License #6501415490 Listed on: 06/07/2022

@properties Christie's Int'l R.E. Detroit

Last Buyer's Agent

Jeff Meldrum

@properties Christie's Int'l RE Grosse Pointe License #6501409050

@properties Christie's Int'l RE Grosse Pointe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1935

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 54.00 x 120.00

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,032 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Log Cabin Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I009832S
  • $3,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,385

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1935
  • State Equalized Value: 29700.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 2989
  • Sq Ft Lower Floor: 957
  • Total Sq Ft: 2032
  • Sq Ft Total Bsmt: 957

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 38
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 54.00 x 120.00
  • Parcel Number: W08I009832S

Tax Info

  • Tax Amount Summer: 1231.0000
  • Tax Amount Winter: 154.0000
  • Total Tax: 1385.0000
  • Taxable Value: 16292.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jan 12, 2023
Sold by
Sfr Real Estate Llc
Bought by
Richards Alexis Catherine
Seller's Agent
John Echterling
@properties Christie's Int'l R.E. Detroit
Buyer's Agent
Jeff Meldrum
@properties Christie's Int'l RE Grosse Pointe
List Price
$245,000
Sold Price
$200,000
Premium/Discount to List
-$45,000
-18.37%
Views
154
Current Estimated Value
$243,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,582
Avg. Annual Appreciation
7.52%
Original Mortgage
$193,700
Outstanding Balance
$187,409
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$56,173

Purchase Details

Closed on
Dec 30, 2021
Sold by
New Forinvestment Llc
Bought by
Sfr Real Estate Llc

Purchase Details

Closed on
Jun 16, 2017
Sold by
Inwest Detroit Llc
Bought by
New Forinvestment Llc

Purchase Details

Listed on
Sep 19, 2016
Closed on
Mar 3, 2017
Sold by
Schuster Rene and White Nathan A
Bought by
Invest Detroit Llc
Seller's Agent
Christopher Shaw
D.E.T Homes
Buyer's Agent
Christopher Shaw
Brookstone, Realtors LLC
List Price
$19,000
Sold Price
$25,000
Premium/Discount to List
$6,000
31.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.39%

Purchase Details

Closed on
Apr 29, 2013
Sold by
Bi Entity Llc
Bought by
Schuster Rene

Purchase Details

Closed on
Oct 28, 2012
Sold by
Metro Property Group Llc
Bought by
Bi Entity Llc

Purchase Details

Closed on
Oct 15, 2012
Sold by
Wayne County Treasurer
Bought by
Metro Property Group Llc

Purchase Details

Closed on
Apr 14, 2004
Sold by
Williams Mayola and Turner Tillie
Bought by
Lifestyle Asset Protection & Mgmt
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
Richards Alexis Catherine $200,000 Regions Title
Richards Alexis Catherine $200,000 Regions Title
Sfr Real Estate Llc $67,500 Regions Title
New Forinvestment Llc $66,875 Regions Title Agency Llc
Invest Detroit Llc $25,000 Regions Title Agency Llc
Schuster Rene $55,500 Advantage Title Company
Bi Entity Llc -- None Available
Metro Property Group Llc $9,100 None Available
Lifestyle Asset Protection & Mgmt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Alexis Catherine $193,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $200,000 -8.3% $98 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
11/28/2022 11/28/22 Price Changed $218,000 -0.5% $107 / Sq Ft
11/02/2022 11/02/22 Price Changed $219,000 -2.6% $108 / Sq Ft
10/19/2022 10/19/22 Price Changed $224,900 -2.2% $111 / Sq Ft
10/06/2022 10/06/22 Price Changed $229,900 -2.1% $113 / Sq Ft
07/14/2022 07/14/22 Price Changed $234,900 -4.1% $116 / Sq Ft
07/08/2022 07/08/22 For Sale $245,000 0.0% $121 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/20/2022 06/20/22 Price Changed $245,000 -5.4% $121 / Sq Ft
06/07/2022 06/07/22 For Sale $259,000 +936.0% $127 / Sq Ft
03/07/2017 03/07/17 Sold $25,000 +35.1% $12 / Sq Ft
10/21/2016 10/21/16 Price Changed $18,500 -2.6% $9 / Sq Ft
09/19/2016 09/19/16 For Sale $19,000 -- $9 / 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 $4,567 $68,700 $0 $0
2024 $4,567 $57,300 $0 $0
2023 $3,368 $45,100 $0 $0
2022 $3,623 $38,700 $0 $0
2021 $1,662 $29,700 $0 $0
2020 $1,662 $25,400 $0 $0
2019 $1,635 $18,500 $0 $0
2018 $1,426 $15,400 $0 $0
2017 $199 $15,500 $0 $0
2016 $1,165 $30,500 $0 $0
2015 $1,036 $16,500 $0 $0
2013 $1,380 $20,077 $0 $0
2010 -- $27,865 $1,292 $26,573
Source: Public Records

Agents Affiliated with this Home

  • John Echterling

    Seller's Agent in 2023

    John Echterling

    @properties Christie's Int'l R.E. Detroit

    (313) 739-8491

    6 in this area

    294 Total Sales

    John Echterling
    Section Image
  • Jeff Meldrum

    Buyer's Agent in 2023

    Jeff Meldrum

    @properties Christie's Int'l RE Grosse Pointe

    (586) 630-1139

    1 in this area

    147 Total Sales

    Jeff Meldrum
    Section Image
  • Christopher Shaw

    Seller's Agent in 2017

    Christopher Shaw

    D.E.T Homes

    (313) 215-5367

    44 Total Sales

    Christopher Shaw
    Section Image
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Map

Source: Realcomp

MLS Number: 20221000050

Realcomp

APN: 08-009832

Michigan Wayne County Detroit 48221 Martin Park

16661 Inverness St, Detroit, MI

This home is located at 16661 Inverness St, Detroit, MI 48221 since 07 June 2022 and is currently estimated at $243,582, approximately $119 per square foot. This property was built in 1935. 16661 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
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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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