NOT LISTED FOR SALE

Estimated Value: $172,000 - $274,000

5 Beds
2.5 Baths
2,418 Sq Ft
$86/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $80,000 $33 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $1,630/month

200 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • 5-minute walk to Ella Fitzgerald Park
  • Cass Technical High School Rated 10
  • 1 Car Garage

About This Home

As of May 2023

Great opportunity to own this multi-family property! Both units offer a great amount of living space throughout. Living rooms have fireplaces, right on this for the upcoming cozy weather. All rooms are a great size. Fenced-in yard with two-car garage. Make this your next investment, come check it out!

Last Agent to Sell the Property

Sherri Saad

RE/MAX Leading Edge License #6502418620 Listed on: 10/07/2022

RE/MAX Leading Edge

Last Buyer's Agent

Sherri Saad

RE/MAX Leading Edge License #6502418620 Listed on: 10/07/2022

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 37.00 x 113.00
  • Property fronts a private road

Parking

  • 1 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,418 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W16I023235S

Community Details

Overview

  • 2 Units
  • Staffords Inter College Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1928
  • State Equalized Value: 36600.0000
  • Pets Allowed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2418
  • Total Sq Ft: 2418
  • Sq Ft Total Bsmt: 1110

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Private

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 849000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 37.00 x 113.00
  • Parcel Number: W16I023235S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 99999

Tax Info

  • Tax Amount Summer: 1476.0000
  • Tax Amount Winter: 177.0000
  • Total Tax: 1653.0000
  • Taxable Value: 18687.0000

Multi Family

  • Gross Scheduled Income: 900.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
May 10, 2023
Sold by
Rcf 2 Acquisition Trust
Bought by
Wilken Management Llc
Seller's Agent
Sherri Saad
RE/MAX Leading Edge
Buyer's Agent
Sherri Saad
RE/MAX Leading Edge
List Price
$84,900
Sold Price
$80,000
Premium/Discount to List
-$4,900
-5.77%
Views
373
Current Estimated Value
$208,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,162
Avg. Annual Appreciation
49.15%
Original Mortgage
$136,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2022
Sold by
Sheriff Of Wayne County
Bought by
Us Bank Trust National Association and Rcf 2 Acquisition Trust

Purchase Details

Closed on
Nov 30, 2001
Sold by
Burroughs Rozell
Bought by
Burroughs Florence
Source: Public Records

Range of Values:

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Average Value
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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
Wilken Management Llc $80,000 None Listed On Document
Us Bank Trust National Association $65,000 None Listed On Document
Burroughs Florence -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilken Management Llc $205,500
Closed Wilken Management Llc $136,000
Previous Owner Burroughs Florence $74,400
Previous Owner Burroughs Florence $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $80,000 -5.8% $33 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $84,900 0.0% $35 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $84,900 0.0% $35 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $84,900 -- $35 / 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 $5,953 $88,500 $0 $0
2024 $5,953 $77,700 $0 $0
2023 $5,090 $61,700 $0 $0
2022 $2,027 $49,300 $0 $0
2021 $1,971 $36,600 $0 $0
2020 $1,971 $30,200 $0 $0
2019 $1,776 $23,800 $0 $0
2018 $1,539 $18,900 $0 $0
2017 $328 $17,300 $0 $0
2016 $1,882 $31,300 $0 $0
2015 $2,030 $20,300 $0 $0
2013 $2,536 $25,363 $0 $0
2010 -- $35,203 $1,156 $34,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221049771

Realcomp

APN: 16-023235