NOT LISTED FOR SALE

1948 Chicago Blvd Detroit, MI 48206

Boston Edison Neighborhood

Estimated Value: $164,000 - $392,000

3 Beds
1.5 Baths
2,243 Sq Ft
$128/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $60,000 $27 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $1,796/month

97 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Porch
  • Cass Technical High School Rated 10
  • 2 Car Detached Garage
  • Patio

About This Home

As of November 2020

Contemporary styling makes this home stand out! Great for experienced investors. Looking for a buyer to rehab this home located in the historic Boston Edison Neighborhood. The seller is the Detroit Land Bank Authority. Please 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 abatement and 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 abatement on the purchase and development financing. Please see attached documents for DLBA requirements. BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 12/18/2019

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,472

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50.00x168.00

Parking

  • 2 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2,243 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio
  • Porch

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Joy Farm Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I003034S

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,472

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Contemporary
  • Architecture Level: 2 Story
  • Year Built: 1940
  • State Equalized Value: 58400.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2243

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 421052.6316
  • Lot Size Area: 0.19
  • Lot Dimensions: 50.00X168.00
  • Parcel Number: W08I003034S

Tax Info

  • Taxable Value: 51920.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Nov 18, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Zeon Mahja D
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$80,000
Sold Price
$60,000
Premium/Discount to List
-$20,000
-25%
Current Estimated Value
$287,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,258
Avg. Annual Appreciation
36.27%
Original Mortgage
$266,340
Outstanding Balance
$214,909
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$72,349

Purchase Details

Closed on
Apr 19, 2018
Sold by
Edwards Darnalyn R
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Nov 10, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Edwards Darnalyn R

Purchase Details

Closed on
Apr 29, 2009
Sold by
Ray Waikikse
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jan 13, 2004
Sold by
Ameriquest Mortgage Co
Bought by
Deutsche Bank National Trust Co and Ameriquest Mtg Securities Inc Asset Back

Purchase Details

Closed on
Nov 13, 2003
Sold by
Mckelton Antonio
Bought by
Ameriquest Mortgage Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zeon Mahja D $60,000 First American Title
The Detroit Land Bank Authority $500 None Available
Edwards Darnalyn R $27,000 None Available
Federal Home Loan Mortgage Corp $76,500 None Available
Deutsche Bank National Trust Co -- --
Ameriquest Mortgage Co $149,676 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeon Mahja D $266,340
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $60,000 -25.0% $27 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $80,000 -- $36 / 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 $3,472 $73,200 $0 $0
2024 $3,472 $62,900 $0 $0
2023 $3,372 $52,400 $0 $0
2022 $10,890 $151,700 $0 $0
2021 $10,354 $0 $0 $0
2019 $4,730 $0 $0 $0
2018 $4,237 $58,400 $0 $0
2017 $965 $52,000 $0 $0
2016 $4,724 $57,200 $0 $0
2015 $4,380 $43,800 $0 $0
2013 $5,127 $51,268 $0 $0
2010 -- $1,471 $1,470 $1
Source: Public Records

Agents Affiliated with this Home

  • Leonard Pickett

    Seller's Agent in 2020

    Leonard Pickett

    RCH Brokerage Legacy Inc

    (313) 510-7887

    2 in this area

    163 Total Sales

    Leonard Pickett
    Section Image
  • Clarence Wilson

    Seller Co-Listing Agent in 2020

    Clarence Wilson

    RCH Brokerage Legacy Inc

    (313) 467-0009

    4 in this area

    209 Total Sales

    Clarence Wilson
    Section Image

  • N

    Buyer's Agent in 2020

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2020

    Unidentified Agent

    Unidentified Office

See All Agents

Map

Source: Realcomp

MLS Number: 219123197

Realcomp

APN: 08-003034

Michigan Wayne County Detroit 48206 Boston Edison

1948 Chicago Blvd, Detroit, MI

Not Listed for Sale

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

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