NOT LISTED FOR SALE

18162 Melrose Ave Southfield, MI 48075

Estimated Value: $255,000 - $303,000

3 Beds
2.5 Baths
1,503 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $175,000 $116 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,811/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • Covered Patio or Porch
  • Security System Owned
  • No HOA
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2018

WE HAVE MULTIPLE OFFERS - Decision by 2/2/18 3pm. Welcome Home. Come enjoy this wonderfully updated 3 Bedroom 2.5 Bath Brick Home. This Home offers several gathering areas for a variety of occasions. The Living room's Fire Place instantly makes you feels at home and ready for intimate gatherings, while the Spacious Family Room's Fire Place makes you feel like it's time for larger gatherings. Want to host a Game Day Party? The Spacious Partially finished Basement is the perfect Spot which also has a Bathroom for your guests. Think you may want to have a Larger Cookout Outdoors? The Spacious Backyard offers more than enough space to host. There is plenty of parking with the 2 Car Garage which has additional parking for guests. Recent Updates include: 2017 HWH, 2013 A/C and minor plumbing. Previous Updates: Windows, Door, Roof, Kitchen and Baths. Agents MUST be physically present with pre-approved Buyers. Home Occupied. 24 hrs notice to show.

Last Agent to Sell the Property

Edna Talon

KW Professionals License #6501331161 Listed on: 02/14/2018

KW Professionals

Last Buyer's Agent

JoAnn Johnson

Real Estate One-Southfield License #RCO-6501219190

Real Estate One-Southfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1947 | Remodeled in 2014

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 90x131
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,503 Sq Ft Home
  • 1.5-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Security System Owned
  • Dishwasher
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Community Details

  • No Home Owners Association
  • Magnolia No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2435432012
  • $5,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,166

Year Built

Built in 1947 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Contemporary
  • Architecture Level: 1 1/2 Story
  • Year Built: 1947
  • Year Renovated: 2014
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Locations: Family Room, Living Room
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Refrigerator, Range/Stove
  • Sq Ft Combined: 2103
  • Sq Ft Lower Floor: 600
  • Total Sq Ft: 1503
  • Sq Ft Total Bsmt: 940

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Block
  • Frontage Feet: 90
  • Porch Type: Porch - Covered
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Electricity
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Southfield Public Schools

Lot Info

  • Homestead: Yes
  • List Price per Acre: 629581.4815
  • Lot Size Area: 0.27
  • Lot Dimensions: 90X131
  • Parcel Number: 2435432012

Tax Info

  • Tax Amount Summer: 2643.0000
  • Tax Amount Winter: 523.0000
  • Total Tax: 3166.0000

MLS Schools

  • School District: Southfield Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2018
Closed on
Mar 30, 2018
Sold by
Murria Erin D
Bought by
Dearring Chase and Dearring Tiffany
Seller's Agent
Edna Talon
KW Professionals
Buyer's Agent
JoAnn Johnson
Real Estate One-Southfield
List Price
$169,987
Sold Price
$175,000
Premium/Discount to List
$5,013
2.95%
Current Estimated Value
$280,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,774
Avg. Annual Appreciation
6.34%
Original Mortgage
$166,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2015
Sold by
Mks Investments Llc
Bought by
Murria Erin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
4.02%
Mortgage Type
VA

Purchase Details

Closed on
May 11, 2015
Sold by
Shepard Micah Terrell and Shepard Kourtney Rose
Bought by
Mks Investments Llc

Purchase Details

Listed on
Apr 30, 2014
Closed on
Aug 29, 2014
Sold by
Fannie Mae
Bought by
Shepard Micah
Seller's Agent
Barbara Keila
Benjamin Management Group, Inc
Buyer's Agent
Tiffany Gray
Trinity Real Estate Investments LLC
List Price
$55,000
Sold Price
$68,123
Premium/Discount to List
$13,123
23.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.58%

Purchase Details

Closed on
Jun 14, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
May 28, 2013
Sold by
Jackson Larry and Jackson Caladra
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Oct 4, 1996
Sold by
Roseau William B
Bought by
Land Contract Equities Inc
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
Dearring Chase $175,000 Fidelity National Title
Murria Erin D $144,500 A S K Services Inc
Mks Investments Llc -- None Available
Shepard Micah $68,123 None Available
Fannie Mae -- None Available
Nationstar Mortgage Llc $215,172 None Available
Land Contract Equities Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dearring Chase $166,500
Closed Dearring Chase $166,250
Previous Owner Murria Erin D $144,500
Previous Owner Jackson Larry $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $175,000 +2.9% $116 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $169,987 +149.5% $113 / Sq Ft
08/29/2014 08/29/14 Sold $68,123 +23.9% $45 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $55,000 -- $37 / 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
2022 $4,123 $96,890 $22,990 $73,900
2021 $4,265 $95,780 $22,970 $72,810
2020 $3,711 $74,060 $15,900 $58,160
2018 $3,062 $50,460 $11,070 $39,390
2015 -- $39,970 $0 $0
2014 -- $36,210 $0 $0
2011 -- $42,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218012406

Realcomp

APN: 24-35-432-012