NOT LISTED FOR SALE

18651 Kelly Rd Detroit, MI 48224

Maple Ridge Neighborhood

Estimated Value: $53,000 - $87,403

4 Beds
2 Baths
840 Sq Ft
$78/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $52,000 $62 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $498/month

93 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 1 Car Garage

About This Home

As of November 2023

Welcome to an incredible investment opportunity on the vibrant East Side of Detroit. This spacious duplex presents a chance to reimagine a property's potential from the ground up. While currently in need of repair and being sold "as is," this duplex offers the prospect of transforming it into a lucrative income-generating asset. Both units are 2 bedroom, 1 bathroom and property is on a corner lot.

Last Agent to Sell the Property

Bailee Clanton

Home Source Realty LLC License #6501446602 Listed on: 08/14/2023

Last Buyer's Agent

Bailee Clanton

Home Source Realty LLC License #6501446602 Listed on: 08/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1942

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 29.00 x 93.00

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 840 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W21I057266C7

Community Details

Overview

  • 2 Units
  • Ternes Seven Mile Dr Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$986

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1942
  • State Equalized Value: 14700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 840

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

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

Lot Info

  • Lot Size Area: 0.06
  • Lot Dimensions: 29.00 x 93.00
  • Parcel Number: W21I057266C7
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 906.0000
  • Tax Amount Winter: 80.0000
  • Total Tax: 986.0000
  • Taxable Value: 8538.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Nov 22, 2023
Sold by
Gisodale Llc
Bought by
Zaidman Properties Llc
Seller's Agent
Bailee Clanton
Home Source Realty LLC
Buyer's Agent
Bailee Clanton
Home Source Realty LLC
List Price
$64,000
Sold Price
$52,000
Premium/Discount to List
-$12,000
-18.75%
Views
144
Current Estimated Value
$65,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,351
Avg. Annual Appreciation
12.57%

Purchase Details

Listed on
Mar 9, 2020
Closed on
Aug 26, 2020
Sold by
Fion Llc
Bought by
Gisodale Llc
Seller's Agent
Kathlene Mitchell
Star Valley Realty LLC
Buyer's Agent
Adelaido Campos
Munoz Realty Inc
List Price
$35,900
Sold Price
$36,000
Premium/Discount to List
$100
0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.02%

Purchase Details

Closed on
Aug 15, 2016
Sold by
Fuga Mark A and Fuga Deborah T
Bought by
Bmf Property Group Llc
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
Zaidman Properties Llc $52,000 Regions Title
Gisodale Llc $30,000 Speedy T&E Svcs Llc
Bmf Property Group Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2023 11/22/23 Sold $52,000 -11.9% $62 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/13/2023 10/13/23 Price Changed $59,000 -4.8% $70 / Sq Ft
09/08/2023 09/08/23 Price Changed $62,000 -3.1% $74 / Sq Ft
08/14/2023 08/14/23 For Sale $64,000 +77.8% $76 / Sq Ft
08/26/2020 08/26/20 Sold $36,000 +0.3% $21 / Sq Ft View Prior Sale
07/17/2020 07/17/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $35,900 -- $21 / 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 $1,877 $23,100 $0 $0
2024 $1,877 $21,600 $0 $0
2023 $930 $17,500 $0 $0
2022 $986 $14,700 $0 $0
2021 $962 $10,100 $0 $0
2020 $1,021 $8,900 $0 $0
2019 $948 $8,000 $0 $0
2018 $894 $8,500 $0 $0
2017 $165 $8,700 $0 $0
2016 $620 $7,400 $0 $0
2015 $426 $7,400 $0 $0
2013 $825 $8,251 $0 $0
2010 -- $12,096 $799 $11,297
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bailee Clanton

    Home Source Realty LLC

    (313) 774-4005

    1 in this area

    86 Total Sales

    Bailee Clanton
    Section Image
  • Kathlene Mitchell

    Seller's Agent in 2020

    Kathlene Mitchell

    Star Valley Realty LLC

    (586) 298-2216

    3 in this area

    116 Total Sales

    Kathlene Mitchell
    Section Image

  • A

    Buyer's Agent in 2020

    Adelaido Campos

    Munoz Realty Inc

    (313) 914-7545

    1 Total Sale

    Adelaido Campos
    Section Image
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Map

Source: Realcomp

MLS Number: 20230061450

Realcomp

APN: 21-0572667

Michigan Wayne County Detroit 48205 Maple Ridge

18651 Kelly Rd, Detroit, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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