NOT LISTED FOR SALE

Estimated Value: $122,948 - $218,000

4 Beds
2 Baths
2,500 Sq Ft
$66/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $77,000 $31 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,075/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Ceiling Fan

About This Home

As of January 2019

LOVELY 2 FAMILY FLAT IN A GREAT LOCATION...UPPER UNIT IS VACANT LOWER LEVEL IS TENANT OCCUPIED MONTH TO MONTH
EACH UNIT HAS TWO BEDROOMS 1 BATH AND APPLIANCES AS WELL AS CEILING FANS. THERE ARE SEPERATE FURNACES AND METERS FOR EACH UNIT.
GREAT INVESTMENT OPPORTUNITY. AS-IS SALE

Last Agent to Sell the Property

Vicky Evans-Johnson

Elite Realty License #6501200872 Listed on: 11/15/2018

Last Buyer's Agent

Esther Ligon

Keller Williams Home License #RCO-6501358549

Keller Williams Home

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 40 x 117

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 2500
  • Total Sq Ft: 2500
  • Sq Ft Total Bsmt: 897

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Separate Meters
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 40 X 117
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 700

Tax Info

  • Tax Amount Summer: 1091.5100
  • Tax Amount Winter: 131.7000
  • Total Tax: 1223.2100

Multi Family

  • Gross Scheduled Income: 8400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2018
Closed on
Jan 7, 2019
Sold by
Cheatham Dorris and Cheatham Roberta
Bought by
Cheatham Roberta L
Seller's Agent
Vicky Evans-Johnson
Elite Realty
Buyer's Agent
Esther Ligon
Keller Williams Home
List Price
$75,000
Sold Price
$77,000
Premium/Discount to List
$2,000
2.67%
Current Estimated Value
$164,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,737
Avg. Annual Appreciation
12.18%
Original Mortgage
$57,750
Outstanding Balance
$51,372
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$112,635

Purchase Details

Listed on
Nov 15, 2018
Closed on
Jan 4, 2019
Sold by
Cheatham Roberta L and Rogers Roxanne
Bought by
Edwards Ashanti
Seller's Agent
Vicky Evans-Johnson
Elite Realty
Buyer's Agent
Esther Ligon
Keller Williams Home
List Price
$75,000
Sold Price
$77,000
Premium/Discount to List
$2,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Outstanding Balance
$51,372
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$112,635
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
Cheatham Roberta L -- Devon Title Agency
Edwards Ashanti $77,000 Devon Title Agencuy
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Ashanti $57,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Sold $77,000 +2.7% $31 / Sq Ft
11/24/2018 11/24/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $75,000 -- $30 / 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 $2,127 $54,000 $0 $0
2024 $2,127 $45,000 $0 $0
2023 $2,092 $35,400 $0 $0
2022 $2,263 $35,900 $0 $0
2021 $2,201 $27,400 $0 $0
2020 $2,190 $23,300 $0 $0
2019 $1,504 $17,000 $0 $0
2018 $1,442 $14,500 $0 $0
2017 $266 $14,500 $0 $0
2016 $1,577 $29,100 $0 $0
2015 $1,630 $16,300 $0 $0
2013 $2,000 $26,045 $0 $0
2010 -- $36,150 $1,114 $35,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218111256

Realcomp

APN: 08-010061