NOT LISTED FOR SALE

16870 Fairfield St Detroit, MI 48221

Martin Park Neighborhood

Estimated Value: $178,000 - $209,385

6 Beds
2 Baths
1,814 Sq Ft
$104/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $165,000 $91 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,242/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • 2 Car Garage
  • Laundry Facilities
  • Cass Technical High School Rated 10
  • ENERGY STAR Qualified Windows

About This Home

As of August 2023

This property is being sold as is, the seller is not doing any repairs. All buyers should be pre-approved.

Last Agent to Sell the Property

jean holloway gaddis

L & R Realty Investment Co Inc License #6501338914 Listed on: 06/21/2023

Last Buyer's Agent

Jhalisha Foster

Exit United Realty Professionals License #RCO-6501397691

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1941

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00 x 125.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,814 Sq Ft Home
  • 2-Story Property
  • ENERGY STAR Qualified Windows
  • Finished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I012115S
  • $3,000 Seller Concession

Community Details

Overview

  • 20 Units
  • Ford Park Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,352

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1941
  • State Equalized Value: 34200.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: ENERGY STAR® Qualified Window(s), Fuses, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Total Sq Ft: 1814

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00 x 125.00
  • Parcel Number: W12I012115S
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 1232.0000
  • Tax Amount Winter: 120.0000
  • Total Tax: 1352.0000
  • Taxable Value: 12721.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 20

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 7, 2023
Sold by
Marable Roger and Marable Paula
Bought by
Knight Tiffany
Seller's Agent
jean holloway gaddis
L & R Realty Investment Co Inc
Buyer's Agent
Jhalisha Foster
Exit United Realty Professionals
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Views
1
Current Estimated Value
$188,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,596
Avg. Annual Appreciation
6.18%
Original Mortgage
$25,000
Outstanding Balance
$24,415
Interest Rate
6.67%
Estimated Equity
$164,181

Purchase Details

Closed on
Apr 1, 2019
Sold by
Marable Derrick
Bought by
Marable Roger and Marable Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Sold by
Marable Roger and Marable Paula
Bought by
Marable Paula
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
Knight Tiffany $165,000 Parks Title
Marable Roger -- None Available
Marable Paula -- Great Lakes Title Of Mi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knight Tiffany $25,000
Open Knight Tiffany $151,803
Previous Owner Marable Roger $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2023 08/07/23 Sold $165,000 +3.1% $91 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $160,000 -- $88 / 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 $3,061 $57,700 $0 $0
2024 $3,061 $48,000 $0 $0
2023 $1,268 $37,800 $0 $0
2022 $1,352 $34,200 $0 $0
2021 $1,315 $26,200 $0 $0
2020 $1,315 $22,500 $0 $0
2019 $1,295 $16,400 $0 $0
2018 $1,236 $14,000 $0 $0
2017 $216 $14,100 $0 $0
2016 $1,345 $28,600 $0 $0
2015 $1,330 $13,300 $0 $0
2013 $1,950 $21,286 $0 $0
2010 -- $29,545 $1,073 $28,472
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2023

    jean holloway gaddis

    L & R Realty Investment Co Inc

    (313) 304-1457

    2 in this area

    3 Total Sales

    jean holloway gaddis
    Section Image
  • Jhalisha Foster

    Buyer's Agent in 2023

    Jhalisha Foster

    Exit United Realty Professionals

    (586) 690-1769

    3 in this area

    133 Total Sales

    Jhalisha Foster
    Section Image
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Map

Source: Realcomp

MLS Number: 20230049704

Realcomp

APN: 12-012115

Michigan Wayne County Detroit 48221 Martin Park

16870 Fairfield St, Detroit, MI

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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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