NOT LISTED FOR SALE

Estimated Value: $150,000 - $199,000

4 Beds
2 Baths
2,235 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $135,000 $60 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,279/month

55 Days on Market

About This Home

As of March 2022

Looking for a long term win? This Bagley cash cow is fully renovated and occupied. Featuring 2 units that perform. These units offer a great long term opportunity to raise to market rents over the next few years. Now that's what you call value add! Long term growth, as well as local amenities offer all things necessary for both enjoyment, and casual fun and entertainment. The historic beauty in this area makes for a winning scenario for any potential buyer. Don't miss out this one will be gone fast!

Last Agent to Sell the Property

David Rabior

Clyde Realty LLC License #6501406276 Listed on: 12/08/2021

Last Buyer's Agent

Brent Maxwell

O'Connor Realty License #RCO-6501345023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 37.00x113.00

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,235 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

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

Community Details

  • 2 Units
  • Staffords Inter College Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I023233S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,658

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 340
  • Year Built: 1928
  • State Equalized Value: 24800.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2235
  • Total Sq Ft: 2235
  • Sq Ft Total Bsmt: 1050

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 37.00X113.00
  • Parcel Number: W16I023233S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1275

Tax Info

  • Tax Amount Summer: 1517.0000
  • Tax Amount Winter: 141.0000
  • Total Tax: 1658.0000
  • Taxable Value: 15123.0000

Multi Family

  • Gross Scheduled Income: 15300.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2021
Closed on
Mar 30, 2022
Sold by
Chu Katherine and Chu Dennis
Bought by
Burke John P and Burke Daniela
Seller's Agent
David Rabior
Clyde Realty LLC
Buyer's Agent
Brent Maxwell
O'Connor Realty
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Current Estimated Value
$175,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,857
Avg. Annual Appreciation
7.82%
Original Mortgage
$101,250
Outstanding Balance
$94,568
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$81,289

Purchase Details

Listed on
Nov 24, 2020
Closed on
Mar 5, 2021
Sold by
Knight Ida and Perryman Virgina
Bought by
Chu Katherine and Chu Dennis
Seller's Agent
Richard Estes
REALTEAM Real Estate
Buyer's Agent
David Rabior
Clyde Realty LLC
List Price
$95,000
Sold Price
$100,000
Premium/Discount to List
$5,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.38%

Purchase Details

Closed on
May 10, 2007
Sold by
Ganos Latesia A
Bought by
Knight Ida

Purchase Details

Closed on
Dec 2, 2005
Sold by
Knight Ida
Bought by
Ganos Latesia A
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
Burke John P $135,000 None Listed On Document
Burke John P $135,000 None Listed On Document
Chu Katherine $100,000 Michigan Title Ins Agcy Inc
Knight Ida -- None Available
Ganos Latesia A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke John P $101,250
Closed Burke John P $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $135,000 -3.2% $60 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $139,500 -0.3% $62 / Sq Ft
12/21/2021 12/21/21 Price Changed $139,900 -0.1% $63 / Sq Ft
12/08/2021 12/08/21 For Sale $140,000 +40.0% $63 / Sq Ft
03/05/2021 03/05/21 Sold $100,000 +5.3% $45 / Sq Ft View Prior Sale
02/23/2021 02/23/21 Pending -- -- --
02/13/2021 02/13/21 For Sale $95,000 0.0% $43 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $95,000 -- $43 / 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 $4,189 $74,500 $0 $0
2024 $4,189 $65,100 $0 $0
2023 $4,320 $51,700 $0 $0
2022 $3,783 $37,100 $0 $0
2021 $1,660 $24,800 $0 $0
2020 $1,660 $22,800 $0 $0
2019 $1,635 $18,000 $0 $0
2018 $1,441 $15,100 $0 $0
2017 $266 $14,000 $0 $0
2016 $1,781 $24,900 $0 $0
2015 $1,710 $17,100 $0 $0
2013 $2,139 $21,387 $0 $0
2010 -- $29,685 $1,160 $28,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210098945

Realcomp

APN: 16-023233