NOT LISTED FOR SALE

Estimated Value: $176,000 - $238,000

5 Beds
2 Baths
2,321 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $110,000 $47 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,335/month

109 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10

About This Home

As of December 2022

Solid, brick multi-family home located in the city of Detroit. This home features a private driveway with a spacious backyard for your outdoor leisure. The living and dining rooms showcase an open floor concept for special gatherings, along with a sizable shared basement, creating endless possibilities for this home. The opportunity awaits for you to make this your new home, and/or purchase as an investment. Furnace and HWT to be installed prior to closing. Submit your offer and move right in!

Last Agent to Sell the Property

Brianna Harris

Harris Ventures LLC License #6501418589 Listed on: 07/29/2022

Last Buyer's Agent

Al Bazzy

Expert Business Brokers License #6502431262

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 114.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,321 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W16I035668S

Community Details

Overview

  • 2 Units
  • Santa Maria Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,375

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: 38600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 2321
  • Total Sq Ft: 2321
  • Sq Ft Total Bsmt: 1077

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Sideof Street: E

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 114.00
  • Parcel Number: W16I035668S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1550

Tax Info

  • Tax Amount Summer: 2131.0000
  • Tax Amount Winter: 244.0000
  • Total Tax: 2375.0000
  • Taxable Value: 25831.0000

Multi Family

  • Gross Scheduled Income: 18600.00
  • Number Of Units Total: 2
  • Unit Count: 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

Closed on
Apr 14, 2023
Sold by
Rocalisa Llc
Bought by
Lemed Management Limited Partnership
Current Estimated Value
$208,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Outstanding Balance
$114,346
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$106,551

Purchase Details

Listed on
Jul 29, 2022
Closed on
Dec 7, 2022
Sold by
Detromore Corp
Bought by
Rocalisa Llc
Seller's Agent
Brianna Harris
Harris Ventures LLC
Buyer's Agent
Al Bazzy
Expert Business Brokers
List Price
$145,999
Sold Price
$110,000
Premium/Discount to List
-$35,999
-24.66%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.62%
Original Mortgage
$112,000
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 1, 2018
Sold by
Detroit Investments Acquisition Llc
Bought by
Cetromore Corp

Purchase Details

Closed on
Oct 18, 2018
Sold by
Best Invest Llc
Bought by
Detroit Investment Acquisition Llc

Purchase Details

Closed on
Sep 28, 2018
Sold by
Council Alisa
Bought by
Best Invest Llc

Purchase Details

Listed on
Nov 14, 2013
Closed on
Feb 26, 2014
Sold by
Fannie Mae
Bought by
Council Alisa R
Seller's Agent
Tina McNeal O'Brien
McNeal OBrien Team LLC
Buyer's Agent
Juan Clavon
A Star National Realty
List Price
$20,500
Sold Price
$17,000
Premium/Discount to List
-$3,500
-17.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.91%

Purchase Details

Closed on
Mar 15, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 20, 2012
Sold by
Silver Alan and Silver Susan
Bought by
Nationstar Mortgage Llc
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
Lemed Management Limited Partnership $190,000 None Listed On Document
Rocalisa Llc $110,000 First American Title
Rocalisa Llc $110,000 First American Title
Cetromore Corp $140,000 First American Title
Detroit Investment Acquisition Llc $65,000 None Available
Best Invest Llc $40,000 None Available
Council Alisa R $17,000 Parks Title
Federal National Mortgage Association -- None Available
Nationstar Mortgage Llc $79,698 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemed Management Limited Partnership $117,000
Previous Owner Rocalisa Llc $112,000
Previous Owner Rocalisa Llc $112,000
Previous Owner Silver Alan $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $110,000 -24.7% $47 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $145,999 0.0% $63 / Sq Ft
08/06/2022 08/06/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $145,999 +758.8% $63 / Sq Ft
02/26/2014 02/26/14 Sold $17,000 -17.1% $8 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $20,500 -- $10 / 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 $6,993 $104,000 $0 $0
2024 $6,993 $91,500 $0 $0
2023 $2,497 $72,700 $0 $0
2022 $2,672 $52,100 $0 $0
2021 $2,595 $38,600 $0 $0
2020 $2,594 $31,900 $0 $0
2019 $2,552 $25,000 $0 $0
2018 $1,508 $21,100 $0 $0
2017 $320 $19,400 $0 $0
2016 $1,674 $34,700 $0 $0
2015 $1,760 $17,600 $0 $0
2013 $2,200 $22,003 $0 $0
2010 -- $30,540 $1,262 $29,278
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221022694

Realcomp

APN: 16-035668