NOT LISTED FOR SALE

18717 Faust Ave Detroit, MI 48219

Evergreen-Outer Drive Neighborhood

Estimated Value: $89,000 - $106,000

3 Beds
1 Bath
1,079 Sq Ft
$90/Sq Ft Est. Value

Last Sold March 30, 2021

Last sale price $27,000 $25 Per Sq Ft

Est. 260% increase in value since last sale

Current estimated payment $682/month

11 Days on Market

Highlights

  • Ground Level Unit
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Bungalow

About This Home

As of March 2021

HUD Home. 3 BEDROOM ALUMINUM BUNGALOW. LBP. Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to WWW.FloodSmart.gov for additional information regarding flood zones and insurance, IE-FHA 203B with Repair Escrow financing availability of $4,000 subject to buyer's appraisal.

Last Agent to Sell the Property

Erica Jeffries

North American Real Estate LLC License #6501385483 Listed on: 01/07/2021

Last Buyer's Agent

Jason Minnick

Market Elite Inc License #700262

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x135.00

Home Design

  • Bungalow
  • Brick Foundation

Interior Spaces

  • 1,079 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • No Home Owners Association
  • C W Harrahs Seven Mile Rd Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I078964S

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240
  • Year Built: 1942
  • State Equalized Value: 17700.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1079
  • Total Sq Ft: 1079
  • Sq Ft Total Bsmt: 860

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 166666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X135.00
  • Parcel Number: W22I078964S

Tax Info

  • Tax Amount Summer: 1188.0000
  • Tax Amount Winter: 112.0000
  • Total Tax: 1300.0000
  • Taxable Value: 11999.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2021
Closed on
Mar 25, 2021
Sold by
Secretary Of Housing & Urban Development
Bought by
Ware Malik and Reid Lunden M
Seller's Agent
Erica Jeffries
North American Real Estate LLC
Buyer's Agent
Jason Minnick
Market Elite Inc
List Price
$20,000
Sold Price
$27,000
Premium/Discount to List
$7,000
35%
Current Estimated Value
$97,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,305
Avg. Annual Appreciation
32.22%

Purchase Details

Closed on
Dec 1, 2020
Sold by
Mid America Mortgage Inc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Aug 18, 2020
Sold by
United Security Financial Corp
Bought by
Mid America Mortgage Inc

Purchase Details

Closed on
May 26, 2016
Sold by
Andrews Verchele
Bought by
United Security Financial Corp

Purchase Details

Closed on
Sep 29, 2006
Sold by
Ramsey David F and Ramsey Corliss A
Bought by
Andrews Verchele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,960
Interest Rate
6.49%
Mortgage Type
FHA
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
Ware Malik $27,000 Devon Title Agency Llc
Secretary Of Housing & Urban Development -- None Available
Mid America Mortgage Inc -- None Available
United Security Financial Corp $7,954 Attorney
Andrews Verchele $68,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ware Malik $63,143
Previous Owner Andrews Verchele $63,857
Previous Owner Andrews Verchele $64,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2021 03/30/21 Sold $27,000 +35.0% $25 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $20,000 -- $19 / 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 $1,819 $46,800 $0 $0
2024 $1,819 $39,600 $0 $0
2023 $1,765 $31,200 $0 $0
2022 $1,946 $24,300 $0 $0
2021 $1,302 $19,300 $0 $0
2020 $1,302 $17,700 $0 $0
2019 $1,282 $13,800 $0 $0
2018 $1,125 $11,500 $0 $0
2017 $224 $11,800 $0 $0
2016 $1,325 $14,300 $0 $0
2015 $1,430 $14,300 $0 $0
2013 $2,012 $20,115 $0 $0
2010 -- $28,822 $1,064 $27,758
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Erica Jeffries

    North American Real Estate LLC

    (586) 524-7696

    1 in this area

    61 Total Sales

    Section Image
  • Jason Minnick

    Buyer's Agent in 2021

    Jason Minnick

    Market Elite Inc

    (586) 873-1539

    1 in this area

    400 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 2210001044

Realcomp

APN: 22-078964

Michigan Wayne County Detroit 48219 Evergreen-Outer Drive

18717 Faust Ave, Detroit, MI

This home is located at 18717 Faust Ave, Detroit, MI 48219 since 07 January 2021 and is currently estimated at $97,305, approximately $90 per square foot. This property was built in 1942. 18717 Faust Ave is a home located in Wayne County with nearby schools including Ralph W. Emerson Elementary-Middle School, 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.

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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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