NOT LISTED FOR SALE

Estimated Value: $27,573 - $96,000

4 Beds
2.5 Baths
1,800 Sq Ft
$36/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $29,000 $16 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $451/month

184 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • 2-minute walk to Dequindre-Grixdale Park
  • Cass Technical High School Rated 10
  • Garage

About This Home

As of December 2019

Value Add Opportunity. This large brick 2-unit (upper/lower) multi-family with the potential to gross double the current income is awaiting the right investor or owner-occupant. Separate entrances. All room sizes are estimated, property sold as-is, buyer to obtain certification of compliance. Only available to be shown on Saturdays with submission of proof of funds. Conveyed via QCD.

Last Agent to Sell the Property

Aisha Thomas

The Thomas Agency, LLC License #6502356737 Listed on: 06/11/2019

Last Buyer's Agent

Garrett Huffman

EXP Realty Main License #6501369001

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.10x120.00

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Tile Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Cadillac Heights Sub Of N E 1/4 Sec 12 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W09I017517S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$611

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 11900.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1800
  • Total Sq Ft: 1800
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Roof Material: Tile
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 30
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Radiant
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 500000.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.10X120.00
  • Parcel Number: W09I017517S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Deposit Amount: 20000.00
  • Monthly Rental Income: 750

Tax Info

  • Tax Amount Summer: 578.0000
  • Tax Amount Winter: 33.0000
  • Total Tax: 611.0000
  • Taxable Value: 3502.0000

Multi Family

  • Gross Scheduled Income: 9000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • 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
Jun 11, 2019
Closed on
Dec 27, 2019
Sold by
Hull Randolph
Bought by
Operative Welcome Home
Seller's Agent
Aisha Thomas
The Thomas Agency, LLC
Buyer's Agent
Garrett Huffman
EXP Realty Main
List Price
$40,000
Sold Price
$29,000
Premium/Discount to List
-$11,000
-27.5%
Current Estimated Value
$65,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,143
Avg. Annual Appreciation
15.66%

Purchase Details

Closed on
Jun 10, 2011
Sold by
The Kaizer Group
Bought by
Hull Randolph
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
Operative Welcome Home $29,000 Red Carpet Title Agency Llc
Hull Randolph $12,000 None Available
The Kaizer Group -- None Available
Crowne Acquisitions -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butts Elnora $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $29,000 -27.5% $16 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
11/23/2019 11/23/19 For Sale $40,000 0.0% $22 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
09/30/2019 09/30/19 Price Changed $40,000 -4.8% $22 / Sq Ft
08/18/2019 08/18/19 Price Changed $42,000 -10.6% $23 / Sq Ft
07/16/2019 07/16/19 Price Changed $47,000 -6.0% $26 / Sq Ft
06/11/2019 06/11/19 For Sale $50,000 -- $28 / 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 $1,257 $43,100 $0 $0
2024 $1,257 $36,000 $0 $0
2023 $1,466 $29,000 $0 $0
2022 $1,558 $20,900 $0 $0
2021 $1,517 $15,300 $0 $0
2020 $1,419 $13,300 $0 $0
2019 $625 $12,600 $0 $0
2018 $578 $11,900 $0 $0
2017 $65 $11,200 $0 $0
2016 $612 $29,300 $0 $0
2015 $400 $4,000 $0 $0
2013 $447 $4,465 $0 $0
2010 -- $6,545 $687 $5,858
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219048007

Realcomp

APN: 09-017517