NOT LISTED FOR SALE

1936 Lothrop St Detroit, MI 48206

LaSalle Gardens Neighborhood

Estimated Value: $246,000 - $433,777

3 Beds
2 Baths
2,340 Sq Ft
$143/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $375,000 $160 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,988/month

166 Days on Market

Highlights

  • Deck
  • Balcony
  • Security System Owned
  • Cass Technical High School Rated 10
  • Porch
  • Programmable Thermostat

About This Home

As of June 2023

Rare & Completely Rehabbed 2-family Home in the heart of Detroit with a large beautifully fenced in lot. No expense has been spared. Here is an opportunity to earn consistent income with a completely turn-key property. The duplex is minutes away from your favorite restaurants and nightlife and is located down the street from massive redevelopments within New Center, and Henry Ford Hospital. This building has been rehabbed and remodeled from the ground up and features: brand new windows (2021), new electrical (2021), new plumbing (2021), new kitchens (2019), new bathrooms (2021), new HVAC (2020), New HWH's (2022), new fixtures (2022), new kitchen appliances (2022), and a Newer Roof. City certs permits and certifications available for air quality, electrical, plumbing and mechanical. This duplex features (1) 3 Bedroom unit, and (1) two story, 4 Bedroom unit. Timeless open floor plan with tons of natural light and plenty of room for storage. Separate Meters, furnaces, and high capacity water heaters. If you'd like to live for free, or own a cash-flowing duplex in Detroit, here it is! Schedule your showing today!

Last Agent to Sell the Property

Troy Puste

EXP Realty Main License #6502422262 Listed on: 12/03/2022

EXP Realty Main

Last Buyer's Agent

Robert Adle

TERRA FIRMA MANAGEMENT License #6501326747

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1917

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 125.00
  • Private Entrance
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 2 Full Bathrooms
  • 2,340 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Security System Owned
  • Unfinished Basement

Eco-Friendly Details

  • Energy-Efficient HVAC

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W08I001709S
  • $23,437 Seller Concession

Community Details

Overview

  • 2 Units
  • Whitneys Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$959

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Assessment: 340.00
  • Year Built: 1917
  • State Equalized Value: 20300.0000
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, Circuit Breakers, Laundry Facility, High Spd Internet Avail, Programmable Thermostat, Security Alarm (owned)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2340
  • Total Sq Ft: 2340
  • Sq Ft Total Bsmt: 1170

Exterior Features

  • Roof Material: Asphalt, Composition
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Chimney Cap(s), Lighting, Private Entry, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Balcony, Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: Yes

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 125.00
  • Parcel Number: W08I001709S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Green Features

  • Green Energy Efficient: HVAC

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection
  • Monthly Rental Income: 3500

Tax Info

  • Tax Amount Summer: 878.0000
  • Tax Amount Winter: 81.0000
  • Total Tax: 959.0000
  • Taxable Value: 8851.0000

Multi Family

  • Gross Scheduled Income: 42000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
Jun 29, 2023
Sold by
Pierce Whitney
Bought by
Schultz James David
Seller's Agent
Troy Puste
EXP Realty Main
Buyer's Agent
Robert Adle
TERRA FIRMA MANAGEMENT
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Views
179
Current Estimated Value
$334,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,056
Avg. Annual Appreciation
-4.69%
Original Mortgage
$375,000
Outstanding Balance
$365,299
Interest Rate
6.35%
Mortgage Type
VA
Estimated Equity
-$30,355

Purchase Details

Closed on
Oct 26, 2016
Sold by
Findling Darren
Bought by
Findling Darren and Donnell Maria Allen
Source: Public Records

Range of Values:

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Average Value
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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
Schultz James David $375,000 Ata National Title
Schultz James David $375,000 Ata National Title
Findling Darren $15,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz James David $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2023 06/20/23 Sold $375,000 -1.1% $160 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
02/01/2023 02/01/23 Price Changed $379,000 -5.0% $162 / Sq Ft
12/03/2022 12/03/22 For Sale $399,000 +2560.0% $171 / Sq Ft
03/09/2017 03/09/17 Sold $15,000 -16.7% $6 / Sq Ft View Prior Sale
10/13/2016 10/13/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $18,000 -- $8 / 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 $2,778 $48,100 $0 $0
2024 $2,778 $40,000 $0 $0
2023 $1,055 $24,500 $0 $0
2022 $1,114 $20,300 $0 $0
2021 $1,088 $15,100 $0 $0
2020 $1,088 $13,200 $0 $0
2019 $1,074 $10,000 $0 $0
2018 $964 $8,100 $0 $0
2017 $178 $9,400 $0 $0
2016 $1,137 $29,400 $0 $0
2015 $995 $12,600 $0 $0
2013 $964 $17,553 $0 $0
2010 -- $25,150 $766 $24,384
Source: Public Records

Agents Affiliated with this Home

  • Troy Puste

    Seller's Agent in 2023

    Troy Puste

    EXP Realty Main

    (734) 642-6656

    1 in this area

    43 Total Sales

    Troy Puste
    Section Image

  • R

    Buyer's Agent in 2023

    Robert Adle

    TERRA FIRMA MANAGEMENT

  • S

    Buyer's Agent in 2023

    Shane Snow

    Keller Williams Paint Creek

    (313) 398-5166

    1 in this area

    51 Total Sales

    Shane Snow
    Section Image

  • D

    Seller's Agent in 2017

    Derek Werenka

    M1 Realty, Inc

    Section Image
  • Larry Else

    Buyer's Agent in 2017

    Larry Else

    Downtown Realty

    (313) 466-7253

    1 in this area

    279 Total Sales

    Larry Else
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20221065526

Realcomp

APN: 08-001709

Michigan Wayne County Detroit 48206 LaSalle Gardens

1936 Lothrop St, Detroit, MI

This home is located at 1936 Lothrop St, Detroit, MI 48206 since 03 December 2022 and is currently estimated at $334,944, approximately $143 per square foot. This property was built in 1917. 1936 Lothrop St is a home located in Wayne County with nearby schools including Thirkell Elementary 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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