NOT LISTED FOR SALE

18040 Schaefer Hwy Detroit, MI 48235

Schulze Neighborhood

Estimated Value: $114,000 - $161,000

4 Beds
2 Baths
3,602 Sq Ft
$39/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $115,000 $32 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $918/month

217 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 4-minute walk to Diack Park

About This Home

As of May 2022

So many possibilities! Excellent Investment income property or as owner occupied rental. Both units currently have tenants in place. Units rent for $700-$800 a month. Possibilities include: Live in one side and rent out the second unit. Or use as a live in one side and use as a work space for the second unit.
Drive by this brick duplex to check out the curb appeal. Being sold "as is". Buyer must submit Purchse Agreement with Proof of Funds or pre-aproval.
PLEASE DO NOT DISTURB TENANTS! NO SHOWINGS UNTIL ACCEPTED OFFER IS IN PLACE.

Last Agent to Sell the Property

Diane Hill

Benjamin Management Group, Inc License #6501313012 Listed on: 09/01/2021

Co-Listed By

Barbara Keila

Benjamin Management Group, Inc License #6501288233

Last Buyer's Agent

Amelia Dean Hamm

Signature Sotheby's International Realty Nvl License #6501313240

Signature Sotheby's International Realty Nvl

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1951

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 50.00x100.00

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2 Full Bathrooms
  • 3,602 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Blackstone Park No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I030138C9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,177

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1951
  • State Equalized Value: 13000.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3602
  • Total Sq Ft: 3602
  • Sq Ft Total Bsmt: 1782

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 50.00X100.00
  • Parcel Number: W22I030138C9
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1077.0000
  • Tax Amount Winter: 100.0000
  • Total Tax: 1177.0000
  • Taxable Value: 10597.0000

Multi Family

  • 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
Sep 1, 2021
Closed on
Jun 24, 2022
Sold by
Felicia Williams
Bought by
Legacy Investment Agency Llc
Seller's Agent
Diane Hill
Benjamin Management Group, Inc
Buyer's Agent
Amelia Dean Hamm
Signature Sotheby's International Realty Nvl
List Price
$120,000
Sold Price
$115,000
Premium/Discount to List
-$5,000
-4.17%
Current Estimated Value
$138,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,834
Avg. Annual Appreciation
4.73%
Original Mortgage
$80,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2021
Closed on
May 12, 2022
Sold by
Higher Living Standards Lp
Bought by
Williams Felicia and Williams Daren
Seller's Agent
Diane Hill
Benjamin Management Group, Inc
Buyer's Agent
Amelia Dean Hamm
Signature Sotheby's International Realty Nvl
List Price
$120,000
Sold Price
$115,000
Premium/Discount to List
-$5,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2018
Sold by
Duplido Properties 2016 Llc
Bought by
Higher Living Standers Lp

Purchase Details

Listed on
Feb 11, 2018
Closed on
Mar 29, 2018
Sold by
Austin Tang S Investments Llc
Bought by
Duplido Properties 2016 Llc
Seller's Agent
Rhonda Milner
Reach Realty Group
Buyer's Agent
Letitia Patterson
RCH Brokerage Legacy Inc
List Price
$37,500
Sold Price
$37,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.63%

Purchase Details

Listed on
Nov 29, 2012
Closed on
Feb 21, 2013
Sold by
Metro Detroit Home Solutions Llc
Bought by
Austin Tangs Investment Llc
Seller's Agent
Jerome Maben
Century 21 Town & Country-Troy
Buyer's Agent
Larry Else
R.E. Professional Services,Inc
List Price
$11,500
Sold Price
$25,000
Premium/Discount to List
$13,500
117.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
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
Legacy Investment Agency Llc -- Interstate Title
Legacy Investment Agency Llc -- Interstate Title
Williams Felicia $115,000 None Listed On Document
Higher Living Standers Lp $89,500 None Available
Duplido Properties 2016 Llc $37,500 Fidelity National Title
Austin Tangs Investment Llc -- None Available
Metro Detroit Home Solutions Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Felicia $80,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $115,000 -4.2% $32 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $120,000 0.0% $33 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $120,000 0.0% $33 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $120,000 0.0% $33 / Sq Ft
10/29/2018 10/29/18 Rented $750 0.0% --
06/04/2018 06/04/18 Under Contract -- -- --
05/25/2018 05/25/18 For Rent $750 0.0% --
04/25/2018 04/25/18 Under Contract -- -- --
04/06/2018 04/06/18 For Rent $750 0.0% --
03/29/2018 03/29/18 Sold $37,500 0.0% $10 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/11/2018 02/11/18 For Sale $37,500 +50.0% $10 / Sq Ft
02/22/2013 02/22/13 Sold $25,000 +117.4% $14 / Sq Ft
01/11/2013 01/11/13 Pending -- -- --
11/29/2012 11/29/12 For Sale $11,500 -- $6 / 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 $2,133 $35,400 $0 $0
2024 $2,133 $30,000 $0 $0
2023 $2,072 $23,800 $0 $0
2022 $1,410 $21,100 $0 $0
2021 $1,178 $15,600 $0 $0
2020 $1,178 $13,000 $0 $0
2019 $1,160 $10,400 $0 $0
2018 $1,055 $10,100 $0 $0
2017 $173 $9,100 $0 $0
2016 $1,319 $12,900 $0 $0
2015 $1,290 $12,900 $0 $0
2013 $1,891 $18,910 $0 $0
2010 -- $27,725 $1,100 $26,625
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diane Hill

    Benjamin Management Group, Inc

    (248) 593-8080

    1 in this area

    2 Total Sales

    Diane Hill
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Barbara Keila

    Benjamin Management Group, Inc

    (248) 200-8283

    3 in this area

    55 Total Sales

    Barbara Keila
    Section Image
  • Amelia Dean Hamm

    Buyer's Agent in 2022

    Amelia Dean Hamm

    Signature Sotheby's International Realty Nvl

    (313) 303-4862

    4 in this area

    20 Total Sales

    Amelia Dean Hamm
    Section Image

  • R

    Seller's Agent in 2018

    Rhonda Milner

    Reach Realty Group

    Section Image

  • S

    Seller's Agent in 2018

    Sherri Pickett

    RCH Brokerage Legacy Inc

    (248) 440-2268

    11 Total Sales

    Sherri Pickett
    Section Image

  • L

    Buyer's Agent in 2018

    Letitia Patterson

    RCH Brokerage Legacy Inc

    (248) 506-9426

    22 Total Sales

    Letitia Patterson
    Section Image
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Map

Source: Realcomp

MLS Number: 2210072526

Realcomp

APN: 22-0301389

Michigan Wayne County Detroit 48235 Schulze

18040 Schaefer Hwy, Detroit, MI

This home is located at 18040 Schaefer Hwy, Detroit, MI 48235 since 01 September 2021 and is currently estimated at $138,834, approximately $38 per square foot. This property was built in 1951. 18040 Schaefer Hwy is a home located in Wayne County with nearby schools including John R. King Academic And Performing Arts Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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