NOT LISTED FOR SALE

Estimated Value: $43,000 - $179,724

8 Beds
4 Baths
3,096 Sq Ft
$40/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $10,000 $3 Per Sq Ft

Est. 1,129% increase in value since last sale

Current estimated payment $643/month

208 Days on Market

Highlights

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

About This Home

As of August 2021

Great for experienced investors. Looking for a buyer to rehab this multi-family home. The seller is the Detroit Land Bank Authority. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. Please see attached documents for DLBA requirements. BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 12/20/2019

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 12/20/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 37.00x159.00
  • Property fronts a private road

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,096 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W13I003607S

Community Details

Overview

  • 4 Units
  • Fischers Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1917
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3096

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Private

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 85714.2800
  • Lot Size Area: 0.14
  • Lot Dimensions: 37.00X159.00
  • Parcel Number: W13I003607S
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2019
Closed on
Jul 28, 2021
Sold by
Detroit Land Bank Authority
Bought by
Packard Boulevard Llc
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$12,000
Sold Price
$10,000
Premium/Discount to List
-$2,000
-16.67%
Current Estimated Value
$122,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,931
Avg. Annual Appreciation
81.74%

Purchase Details

Closed on
Jan 23, 2014
Sold by
Wayne County Treasurer
Bought by
Detroit Landbank Authority

Purchase Details

Closed on
Jun 10, 2003
Sold by
Young Robert J and Young Myamia E
Bought by
Edmonds Renita P
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
Packard Boulevard Llc $10,000 None Available
Detroit Landbank Authority -- None Available
Edmonds Renita P $1,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $10,000 -16.7% $3 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
12/20/2019 12/20/19 For Sale $12,000 -- $4 / 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 -- $6,800 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 -- $0 $0 $0
2021 $0 $0 $0 $0
2020 $1,329 $0 $0 $0
2019 $1,329 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $1,091 $0 $0 $0
2013 $1,091 $10,912 $0 $0
2010 -- $14,470 $641 $13,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219123980

Realcomp

APN: 13-003607