NOT LISTED FOR SALE

Estimated Value: $87,000 - $132,436

3 Beds
1 Bath
865 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 21, 2025

Last sale price $17,500 $20 Per Sq Ft

Est. 473% increase in value since last sale

Current estimated payment $704/month

74 Days on Market

Highlights

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

About This Home

As of January 2025

Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom brick bungalow, in need of extensive rehab. Home is located in an up and coming neighborhood ready for growth. Please show with cautionPlease note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Last Agent to Sell the Property

Gene Kelley

Real Estate One-Southfield License #6501293908 Listed on: 06/21/2024

Real Estate One-Southfield

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00 x 144.00

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 865 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • College Drive Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I055336S

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: 240.00
  • Year Built: 1942
  • State Equalized Value: 29800.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 865
  • Total Sq Ft: 865
  • Sq Ft Total Bsmt: 785

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 20
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00 x 144.00
  • Parcel Number: W22I055336S

Tax Info

  • Tax Amount Summer: 1178.0000
  • Tax Amount Winter: 115.0000
  • Total Tax: 1293.0000
  • Taxable Value: 12183.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jan 23, 2025
Sold by
Detroit Land Bank Authority
Bought by
Reom Investments Llc
Seller's Agent
Gene Kelley
Real Estate One-Southfield
List Price
$17,500
Sold Price
$17,500
Views
161
Current Estimated Value
$100,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,859
Avg. Annual Appreciation
1431.74%

Purchase Details

Closed on
Dec 21, 2022
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Aug 30, 2016
Sold by
Rbf Trust Llc
Bought by
Aleph 7 Llc

Purchase Details

Closed on
Jun 29, 2016
Sold by
Simon J Ventura Foundation
Bought by
Rbf Trust Llc

Purchase Details

Closed on
Sep 19, 2014
Sold by
Mr Hoo Property Management
Bought by
Simon J Ventura Llc

Purchase Details

Closed on
Mar 22, 2013
Sold by
Bhd First Llc
Bought by
Simon J Ventura Foundation

Purchase Details

Closed on
May 23, 2012
Sold by
S I Housing Llc
Bought by
Bhd First Llc

Purchase Details

Closed on
Nov 18, 2011
Sold by
Wojtowicz Raymond J
Bought by
Si Housing Development Llc

Purchase Details

Closed on
Mar 16, 2009
Sold by
National Asset Management Group Inc
Bought by
Mr Hoo Property Management

Purchase Details

Closed on
Dec 3, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
National Asset Management Group Inc

Purchase Details

Closed on
Apr 18, 2007
Sold by
Porter Clarence A and Porter Fannie E
Bought by
Deutsche Bank National Trust Co and Carrington Mortgage Loan Trust Series 20
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
Reom Investments Llc $17,500 None Listed On Document
Detroit Land Bank Authority -- --
Aleph 7 Llc $35,666 Embassy Title Agency Inc
Rbf Trust Llc $26,500 Regions Title Agency Llc
Simon J Ventura Llc -- Excel Title Agency Llc
Simon J Ventura Foundation -- None Available
Bhd First Llc $5,900 None Available
Si Housing Development Llc $5,300 None Available
Mr Hoo Property Management -- None Available
National Asset Management Group Inc $1,100 None Available
Deutsche Bank National Trust Co $51,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Porter Clarence A $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $17,500 0.0% $20 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $17,500 -- $20 / 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 $1,939 $0 $0 $0
2024 $1,939 $37,300 $0 $0
2023 $1,178 $29,800 $0 $0
2022 $1,254 $23,900 $0 $0
2021 $1,221 $19,000 $0 $0
2020 $1,220 $16,500 $0 $0
2019 $1,202 $13,000 $0 $0
2018 $1,057 $11,200 $0 $0
2017 $197 $10,400 $0 $0
2016 $1,450 $16,000 $0 $0
2015 $1,600 $16,000 $0 $0
2013 $2,251 $22,513 $0 $0
2010 -- $32,257 $1,043 $31,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240043175

Realcomp

APN: 22-055336