$111,000
SOLD SEP 27, 2024

18116 Cherrylawn St Detroit, MI 48221

Bagley Neighborhood
4 Beds
3 Baths
2,449 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

26% Below List Price

36 Days on Market

Highlights

  • Forced Air Heating System
  • 2 Car Garage
  • Laundry Facilities
  • Cass Technical High School Rated 10
  • Private Entrance

About This Home

As of December 2024

ATTENTION ALL INVESTORS!!! AMAZING OPPORTUNITY TO OWN THIS 4 BEDROOM Solid, Brick, 2 Family Colonial in a great neighborhood. This is an "As Is" sale and the listing price reflects the need for repairs. 2 car Garage. Please check all measurements, Property Sold as is.

Last Agent to Sell the Property

Regina Gilliam

National Realty Centers, Inc License #6501406478 Listed on: 08/19/2024

National Realty Centers, Inc

Last Buyer's Agent

Regina Gilliam

National Realty Centers, Inc License #6501406478 Listed on: 08/19/2024

National Realty Centers, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1938

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 131.00
  • Private Entrance

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,449 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W16I032930S

Community Details

Overview

  • 2 Units
  • Seymour & Troesters Loyola Pk Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,744

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: Unknown
  • Year Built: 1938
  • State Equalized Value: 79900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 2449
  • Total Sq Ft: 2449
  • Sq Ft Total Bsmt: 1215

Exterior Features

  • Foundation Details: Basement, Heavy Duty Footings
  • Construction Materials: Brick
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Porch Type: Enclosed
  • Road Frontage Type: Paved
  • Sideof Street: W

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 131.00
  • Parcel Number: W16I032930S
  • Encroachment: Yes
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 1422.0000
  • Tax Amount Winter: 322.0000
  • Total Tax: 1744.0000
  • Taxable Value: 21089.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
Dec 23, 2024
Sold by
Omnilift Home Buyers Llc
Bought by
Mobley Carlitta
Seller's Agent
Hassan Scheib
Own It Realty
Buyer's Agent
Charles Ryan
Keller Williams Home
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Views
119
Current Estimated Value
$313,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,172
Avg. Annual Appreciation
1.83%
Original Mortgage
$300,700
Outstanding Balance
$299,933
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$13,239

Purchase Details

Listed on
Aug 19, 2024
Closed on
Sep 27, 2024
Sold by
Mathis Properties Llc
Bought by
Omnilift Home Buyers Llc
Seller's Agent
Regina Gilliam
National Realty Centers, Inc
Buyer's Agent
Regina Gilliam
National Realty Centers, Inc
List Price
$149,000
Sold Price
$111,000
Premium/Discount to List
-$38,000
-25.5%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5983.52%
Original Mortgage
$30,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2010
Sold by
Inner City Miracles Llc
Bought by
Mathis Properties Llc

Purchase Details

Closed on
Dec 11, 2006
Sold by
Mathis Gregory
Bought by
Inner City Miracle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,400
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Listed On Document
Warranty Deed $111,000 None Listed On Document
Warranty Deed $111,000 None Listed On Document
Warranty Deed -- None Available
Quit Claim Deed -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,700 New Conventional
Previous Owner $30,000 New Conventional
Previous Owner $190,300 Construction
Previous Owner $309,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Sold $310,000 +3.4% $127 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $299,900 +170.2% $122 / Sq Ft
09/27/2024 09/27/24 Sold $111,000 -25.5% $45 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $149,000 -- $61 / 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
2024 $1,768 $100,700 $0 $0
2023 $1,963 $79,900 $0 $0
2022 $2,096 $62,800 $0 $0
2021 $2,037 $46,400 $0 $0
2020 $2,037 $38,200 $0 $0
2019 $2,005 $30,000 $0 $0
2018 $1,755 $26,900 $0 $0
2017 $341 $18,000 $0 $0
2016 $2,564 $44,100 $0 $0
2015 $2,630 $26,300 $0 $0
2013 $3,287 $32,865 $0 $0
2010 -- $45,615 $980 $44,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240061221

Realcomp

APN: 16-032930