NOT LISTED FOR SALE

1948 Morrell St Detroit, MI 48209

Southwest Detroit Neighborhood

Estimated Value: $295,000 - $328,000

4 Beds
3 Baths
2,183 Sq Ft
$141/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $310,000 $142 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,833/month

4 Days on Market

Highlights

  • Jetted Tub in Primary Bathroom
  • Enclosed Patio or Porch
  • Ceiling Fan
  • Cass Technical High School Rated 10
  • Awning
  • Hot Water Heating System

About This Home

As of July 2024

****OPEN HOUSE SUNDAY, 6-2-24 FROM 3-5 PM!****** Experience the best of Southwest Detroit with this incredible investment opportunity! A turnkey property with three addresses (3 units) on two full lots. This property gives you the option to move right in and start collecting immediate passive income or lease all 3 units. Featuring: 1, 2-bedroom unit on main floor and 2 super clean 1-bedroom units on second floor complete with appliances, separate entrances, walk-in closets, plenty of storage space, full basement, & a fresh coat of paint! conveniently nested the center of vibrant Mexican town within walking distance to the train station, downtown Detroit, restaurants, laundromat, banks, libraries, parks, Gordie Howe bridge, & schools. Take advantage of this exceptional opportunity to capitalize on the high rental demand & new developments in the area. Other features include double lot, 2 car garage, fencing, new boiler (2 months old), newer roof and gutters, private parking, walk-in closets, a bonus room/ office on main floor, jacuzzi in the large updated main floor bathroom, main floor kitchen provides updated light fixtures, ceramic tile flooring, buffet island, updated counter tops and cabinetry, 2nd floor updated bathroom, beautiful mature landscaping lining both lots, & private parking access off the main street and ally! This is a Must see!

Last Agent to Sell the Property

Alex Pandoff

ERA Prime Real Estate Group South License #6502393492 Listed on: 05/30/2024

Last Buyer's Agent

Nicholas Kramer

O'Connor Realty Detroit, LLC License #6501444907

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1901

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30.00 x 140.00
  • Property fronts a private road
  • Private Entrance
  • Fenced

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Brick Foundation
  • Built-Up Roof
  • Metal Siding

Interior Spaces

  • 2,183 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement
  • Basement Window Egress

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Accessible Home Design

  • Accessible Common Area

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W16I010300S

Community Details

Overview

  • 3 Units
  • Eli Barkumes Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,126

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1901
  • State Equalized Value: 43300.0000
  • Accessibility Features: Accessible Common Area
  • Foundation Features: Drainage System
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Egress Window(s), Laundry Facility, Jetted Tub
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2183
  • Total Sq Ft: 2183
  • Sq Ft Total Bsmt: 695

Exterior Features

  • Roof Material: Built-Up
  • Foundation Details: Basement
  • Construction Materials: Metal Siding
  • Exterior Features: Awning/Overhang(s), Lighting, Private Entry, Fenced
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Enclosed, Porch
  • Road Frontage Type: Private
  • Fencing: Fenced

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage, Paved
  • Total Parking Spaces: 1

Utilities

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

Fee Information

  • Operating Expense: 6500.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 30.00 x 140.00
  • Parcel Number: W16I010300S
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 3080

Tax Info

  • Tax Amount Summer: 1883.0000
  • Tax Amount Winter: 243.0000
  • Total Tax: 2126.0000
  • Taxable Value: 25814.0000

Multi Family

  • Gross Scheduled Income: 36960.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 12, 2024
Sold by
Guinane Devon
Bought by
Copley Michael
Seller's Agent
Alex Pandoff
ERA Prime Real Estate Group South
Buyer's Agent
Nicholas Kramer
O'Connor Realty Detroit, LLC
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Views
16
Current Estimated Value
$308,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,695
Avg. Annual Appreciation
-1.13%
Original Mortgage
$299,150
Outstanding Balance
$297,129
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$9,012

Purchase Details

Listed on
Jul 9, 2019
Closed on
Sep 10, 2019
Sold by
Martinez Moises and Martinez Thelma M
Bought by
Guinane Devon
Seller's Agent
Bill Swanson
O'Connor Realty Detroit, LLC
Buyer's Agent
John Caupuano
National Realty Centers, Inc
List Price
$224,900
Sold Price
$218,000
Premium/Discount to List
-$6,900
-3.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$213,069
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 10, 2004
Sold by
Martinez Thelma M
Bought by
Martinez Moises
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
Copley Michael $310,000 None Listed On Document
Guinane Devon $218,000 Liberty Title
Martinez Moises -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Copley Michael $299,150
Previous Owner Guinane Devon $213,069
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $310,000 +3.4% $142 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $299,900 +37.6% $137 / Sq Ft
09/10/2019 09/10/19 Sold $218,000 -3.1% $100 / Sq Ft
07/20/2019 07/20/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $224,900 -- $103 / 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 $1,837 $67,500 $0 $0
2024 $1,837 $56,100 $0 $0
2023 $1,783 $43,300 $0 $0
2022 $1,966 $34,000 $0 $0
2021 $1,913 $23,800 $0 $0
2020 $2,124 $26,800 $0 $0
2019 $726 $20,300 $0 $0
2018 $655 $15,700 $0 $0
2017 $99 $13,800 $0 $0
2016 $708 $23,800 $0 $0
2015 $550 $5,500 $0 $0
2013 $608 $6,075 $0 $0
2010 -- $8,705 $420 $8,285
Source: Public Records

Agents Affiliated with this Home

  • Alex Pandoff

    Seller's Agent in 2024

    Alex Pandoff

    ERA Prime Real Estate Group South

    (734) 231-3672

    1 in this area

    73 Total Sales

    Section Image
  • Nicholas Kramer

    Buyer's Agent in 2024

    Nicholas Kramer

    O'Connor Realty Detroit, LLC

    (917) 446-2108

    2 in this area

    50 Total Sales

    Section Image
  • Bill Swanson

    Seller's Agent in 2019

    Bill Swanson

    O'Connor Realty Detroit, LLC

    (313) 506-5471

    6 in this area

    113 Total Sales

    Section Image

  • J

    Buyer's Agent in 2019

    John Caupuano

    National Realty Centers, Inc

    Section Image
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Map

Source: Realcomp

MLS Number: 20240037138

Realcomp

APN: 16-010300

Michigan Wayne County Detroit 48209 Southwest Detroit

1948 Morrell St, Detroit, MI

This home is located at 1948 Morrell St, Detroit, MI 48209 since 30 May 2024 and is currently estimated at $308,305, approximately $141 per square foot. This property was built in 1901. 1948 Morrell St is a home located in Wayne County with nearby schools including Neinas Dual Language Learning Academy, 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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