NOT LISTED FOR SALE

16805 Baylis St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $207,000 - $524,000

9 Beds
5.5 Baths
5,040 Sq Ft
$78/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $200,000 $40 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,426/month

41 Days on Market

About This Home

As of February 2016

BEAUTIFULLY RENOVATED 5 UNIT APARTMENT BUILDING WITH UPDATED PORCLEIN CERAMIC TILES IN BATHROOMS & KITCHENS EQUIPPED WITH STAINLESS STEEL REFRIGERATOR, STOVES & MICROWAVES IN EACH UNIT. LOCATED RIGHT OUTSIDE OF THE UNIVERSITY DISTRICT NEIGHBORHOODS.
SURRONDING U OF D MERCY COLLEGE, MARYGROVE COLLEGE, DETROIT GOLF COARSE . TURN KEY INVESTMENT WITH PROPERTY MGMT IN PLACE. LARGE SQ FT AVAILBLE IN BASEMENT & ATTIC FOR POSSIBLITIES OF ADDITIONAL UNIT (S) IF INTERESTED.

THIS PROPERTY INCLUDES THE LOT NEXT DOOR WITH ITS PURCHASE.

THIS PROPERTY CAN BE PURCHASED INDIVIDUALLY 14415 MANSFIELD (2 UNITS OCCUPIED) OR IN A PACKAGE DEAL WITH 16805 BAYLIS (5 UNITS OCCUPIED), 13835 LASALLE (17 UNITS VACANT), & 13905 LASALLE (13 UNITS VACANT).

Last Agent to Sell the Property

Arnita Parham

Prestige Realty Services LLC License #6501379149 Listed on: 01/11/2016

Last Buyer's Agent

Melissa Gilmore

Mabarak Realty, Inc License #6501196054

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 53.75x117.78

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 5 Units
  • Nagels Golf Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I010087S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,226

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 5040
  • Total Sq Ft: 5040
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Pub. Sidewalk

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1666666.6667
  • Lot Size Area: 0.15
  • Lot Dimensions: 53.75X117.78
  • Parcel Number: W08I010087S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Electric, Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 3910

Tax Info

  • Tax Amount Summer: 1973.0000
  • Tax Amount Winter: 253.0000
  • Total Tax: 2226.0000

Multi Family

  • Gross Scheduled Income: 46920.00
  • Number Of Units Total: 5
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 5

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2021
Sold by
May Alan A
Bought by
Bachar Jordan L
Current Estimated Value
$392,058

Purchase Details

Listed on
Jan 11, 2016
Closed on
Feb 25, 2016
Sold by
Townsend William J
Bought by
The Jordan L Bachar Irrevocable Trust
Seller's Agent
Arnita Parham
Prestige Realty Services LLC
Buyer's Agent
Melissa Gilmore
Mabarak Realty, Inc
List Price
$250,000
Sold Price
$200,000
Premium/Discount to List
-$50,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Oct 10, 2014
Sold by
Lewis Mae White Fund
Bought by
Townsend William J

Purchase Details

Closed on
Feb 26, 2013
Sold by
White Carlton and White Charles Dennis
Bought by
Lewis Mae White Fund

Purchase Details

Closed on
Feb 28, 2012
Sold by
Stanfield Willis A and Stanfield Annette Kay
Bought by
White Carlton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,036
Interest Rate
3.89%
Mortgage Type
FHA
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
Bachar Jordan L -- None Available
The Jordan L Bachar Irrevocable Trust $200,000 Red Carpet Title Agency Llc
Townsend William J $55,000 Title Connect Llc
Lewis Mae White Fund $26,000 Greco Title Agency Llc
White Carlton $38,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Carlton $37,036
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $200,000 -20.0% $40 / Sq Ft
02/21/2016 02/21/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $250,000 -- $50 / 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
2024 $3,127 $116,200 $0 $0
2023 $3,040 $91,100 $0 $0
2022 $3,268 $71,200 $0 $0
2021 $3,168 $54,400 $0 $0
2020 $3,300 $46,600 $0 $0
2019 $3,113 $33,800 $0 $0
2018 $2,781 $31,700 $0 $0
2017 $605 $31,900 $0 $0
2016 $1,915 $63,000 $0 $0
2015 $2,080 $20,800 $0 $0
2013 $3,329 $33,288 $0 $0
2010 -- $22,393 $1,497 $20,896
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Arnita Parham

    Prestige Realty Services LLC

    Section Image
  • Melissa Gilmore

    Buyer's Agent in 2016

    Melissa Gilmore

    Mabarak Realty, Inc

    (248) 770-7880

    1 in this area

    34 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 216002939

Realcomp

APN: 08-010087

Michigan Wayne County Detroit 48221 Martin Park

16805 Baylis St, Detroit, MI

This home is located at 16805 Baylis St, Detroit, MI 48221 since 11 January 2016 and is currently estimated at $392,058, approximately $77 per square foot. This property was built in 1926. 16805 Baylis 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.

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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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