$51,000
SOLD OCT 26, 2016

16821 E 8 Mile Rd Eastpointe, MI 48021

3 Beds
1.5 Baths
1,103 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$46 Per Sq Ft

7% Below List Price

126 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • Porch

About This Home

As of November 2022

Large 3 bedroom and 1 1/2 bathroom sitting on a full basement income property! Wow, what an amazing opportunity for a true turnkey investment property! Home is leased Section 8 and $1100 per month! YES $1100/mo. Hello return on investment! Home was fully rehabbed from top to bottom over in the past year. Newly refinished natural hardwood floors throughout the home, new 90+ efficiency furnace, central air conditioning and copper and pex plumbing lines through the whole home. Newer roof, paint throughout, all new double pane vinyl windows, etc. Home even has it's 2 year rental registration and city certs as well as Section 8 clearance. Buy now, sit back and collect. Nothing else is needed.

Last Agent to Sell the Property

Greg White

Imagine Home Realty License #6501358183 Listed on: 05/05/2016

Last Buyer's Agent

Greg White

Imagine Home Realty License #6501358183 Listed on: 05/05/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953 | Remodeled in 2015

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x120.00

Parking

  • 2 Car Detached Garage

Home Design

  • 1,103 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Utilities

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

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • Ridgemont Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1431479033

Home Details

Home Type

Single Family

Year Built

Built in 1953 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 173.65
  • Year Built: 1953
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 1953
  • Sq Ft Lower Floor: 850
  • Total Sq Ft: 1103
  • Sq Ft Total Bsmt: 850

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Eastpointe Community Schools

Lot Info

  • List Price per Acre: 499090.9091
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X120.00
  • Parcel Number: 1431479033

Tax Info

  • Tax Amount Summer: 2488.0000
  • Tax Amount Winter: 236.0000
  • Total Tax: 2724.0000

MLS Schools

  • School District: Eastpointe Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 30, 2022
Sold by
Miny2 Development Llc
Bought by
Reeder Evelyn
Seller's Agent
Anna Rabinowitz
Powell Real Estate
Buyer's Agent
LaTrease Posey
EXP Realty Main
List Price
$144,900
Sold Price
$147,000
Premium/Discount to List
$2,100
1.45%
Views
61
Current Estimated Value
$160,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,331
Avg. Annual Appreciation
3.18%
Original Mortgage
$144,337
Outstanding Balance
$140,150
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$20,181

Purchase Details

Listed on
Sep 1, 2021
Closed on
Mar 30, 2022
Sold by
Prima Detroit Llc
Bought by
Miny2 Development Llc
Seller's Agent
Arnita Parham
Prestige Realty Services LLC
Buyer's Agent
Anna Rabinowitz
Powell Real Estate
List Price
$90,000
Sold Price
$77,000
Premium/Discount to List
-$13,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
162.51%

Purchase Details

Listed on
May 5, 2016
Closed on
Oct 24, 2016
Sold by
Homebuyers Mi Llc
Bought by
Prima Detroit Llc
Seller's Agent
Greg White
Imagine Home Realty
Buyer's Agent
Greg White
Imagine Home Realty
List Price
$54,900
Sold Price
$51,000
Premium/Discount to List
-$3,900
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%

Purchase Details

Closed on
Jan 22, 2016
Sold by
Level Field Spread Llc
Bought by
Homebuyers Mi Llc

Purchase Details

Closed on
Aug 7, 2015
Sold by
Insiders Cash Llc
Bought by
Level Field Spread Llc

Purchase Details

Closed on
May 29, 2015
Sold by
Equity Trust Co
Bought by
Insider S Cash Llc

Purchase Details

Closed on
Dec 6, 2012
Sold by
Max Ultra Llc
Bought by
Equity Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2012
Sold by
Buy Right Properties Llc
Bought by
Max Ultra Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2011
Sold by
Wahby Ted B
Bought by
Buy Right Properties Llc

Purchase Details

Closed on
Feb 16, 2005
Sold by
Mortgage Electronic Registration Systems
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Jun 16, 2004
Sold by
Mortgage Electronic Registration Systems
Bought by
J P Morgan Chase Bank

Purchase Details

Closed on
Nov 14, 2003
Sold by
Pokoj Jon and Pokoj Stacy
Bought by
Mortgage Electronic Registration Systems
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $147,000 --
Warranty Deed $77,000 None Listed On Document
Quit Claim Deed $51,000 --
Quit Claim Deed $4,000 None Available
Quit Claim Deed -- Attorney
Sheriffs Deed $41,974 None Available
Warranty Deed $44,300 None Available
Warranty Deed $36,033 None Available
Quit Claim Deed $668,384 None Available
Quit Claim Deed -- At
Corporate Deed -- Attorneys Title Agency Llc
Sheriffs Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $144,337 FHA
Previous Owner $37,100 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $147,000 +1.4% $133 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $144,900 +88.2% $131 / Sq Ft
03/30/2022 03/30/22 Sold $77,000 -14.4% $70 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $90,000 +76.5% $82 / Sq Ft
10/26/2016 10/26/16 Sold $51,000 -7.1% $46 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/23/2016 08/23/16 Price Changed $54,900 0.0% $50 / Sq Ft
08/23/2016 08/23/16 For Sale $54,900 -8.3% $50 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
05/12/2016 05/12/16 Price Changed $59,900 -14.3% $54 / Sq Ft
05/05/2016 05/05/16 For Sale $69,900 -- $63 / 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 $6,485 $70,200 $0 $0
2024 $5,578 $62,100 $0 $0
2023 $3,497 $55,400 $0 $0
2022 $2,472 $47,000 $0 $0
2021 $2,712 $40,600 $0 $0
2020 $2,345 $37,000 $0 $0
2019 $2,343 $32,500 $0 $0
2018 $2,655 $26,810 $0 $0
2017 $2,716 $25,950 $2,820 $23,130
2016 $1,956 $25,950 $0 $0
2015 $1,918 $24,120 $0 $0
2013 $3,753 $23,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216043251

Realcomp

APN: 02-14-31-479-033