NOT LISTED FOR SALE

201 Southfield Rd Birmingham, MI 48009

Estimated Value: $1,769,517 - $1,949,000

6 Beds
8 Baths
4,256 Sq Ft
$435/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $1,685,000 $396 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,941/month

13 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • Programmable Thermostat
  • Pierce Elementary School Rated A
  • Lobby
  • 4-minute walk to Shain Park

About This Home

As of March 2024

Elevate your investment portfolio with this prime opportunity! Located within walking distance of Downtown Birmingham, this property comprises of 4 units: two spacious 2-bedroom with 2-bathroom units, along with two inviting 1-bedroom units featuring 1.1 bathrooms each. The entire building exudes contemporary charm, boasting an open floor plan with floor-to-ceiling windows that flood the interiors with natural light.
Renovated in 2022, the building showcases exquisite finishes, including custom walk-in closets in all bedrooms. Luxurious vinyl flooring, modern light fixtures, and updated bathrooms contribute to the sophisticated aesthetic. The building has a secure entryway and individual storm doors for each unit at the rear.
The common area basement not only accommodates individual laundry units but also provides ample secure storage space. Additionally, the property features six parking spaces in total, which includes a new carport and a guest spot. Don't miss out on the potential for long-term value and returns—invest in this exceptional property today and watch your portfolio flourish in Birmingham's thriving real estate landscape.

Last Agent to Sell the Property

Dan Gutfreund

Signature Sotheby's International Realty Bham License #6501367800 Listed on: 02/01/2024

Signature Sotheby's International Realty Bham

Co-Listed By

Caterina LoChirco

Signature Sotheby's International Realty Bham License #6501405816

Last Buyer's Agent

Lena Oskanian

Coldwell Banker Professionals Birm License #6501224226

Coldwell Banker Professionals Birm

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1961 | Remodeled in 2022

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 115x57x104x104

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,256 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 6 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat

Listing and Financial Details

  • Assessor Parcel Number 1936126006

Community Details

Overview

  • 4 Units
  • Castle Add Subdivision

Amenities

  • Laundry Facilities
  • Lobby

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,853

Year Built

Built in 1961 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Contemporary, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 200.00
  • Year Built: 1961
  • State Equalized Value: 595790.0000
  • Year Renovated: 2022
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Laundry Facility, Programmable Thermostat
  • Total Bathrooms: 6.20
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common, Private Storage Locker
  • Sq Ft Combined: 4256
  • Total Sq Ft: 4256
  • Sq Ft Total Bsmt: 2128

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 115
  • Porch Type: Patio
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces, Carports
  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Birmingham

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 115x57x104x104
  • Parcel Number: 1936126006
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 8850

Tax Info

  • Tax Amount Summer: 24472.0000
  • Tax Amount Winter: 4381.0000
  • Total Tax: 28853.0000
  • Taxable Value: 595790.0000

Multi Family

  • Gross Scheduled Income: 106200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 30, 2024
Sold by
Doris A Hanna Revocable Trust and Hanna Doris A
Bought by
Doris A Hanna Revocable Trust and Hanna
Seller's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
Buyer's Agent
Lena Oskanian
Coldwell Banker Professionals Birm
List Price
$1,899,000
Sold Price
$1,685,000
Premium/Discount to List
-$214,000
-11.27%
Views
163
Current Estimated Value
$1,852,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,379
Avg. Annual Appreciation
6.22%
Original Mortgage
$900,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 8, 2024
Sold by
Detroit Building And Development Llc
Bought by
Doris Hanna Revocable Trust
Seller's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
Buyer's Agent
Lena Oskanian
Coldwell Banker Professionals Birm
List Price
$1,899,000
Sold Price
$1,685,000
Premium/Discount to List
-$214,000
-11.27%
Views
163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2022
Sold by
John Ketty
Bought by
Detroit Building Anddevelopment Llc

Purchase Details

Listed on
Aug 10, 2021
Closed on
Sep 28, 2021
Sold by
Ketty John
Bought by
Ketty John and Ketty Alex
Seller's Agent
Greg Barnas
Sine & Monaghan, LLC
Buyer's Agent
Tushar Vakhariya
KW Domain
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$975,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Doris A Hanna Revocable Trust -- Mortgage Connect
Doris A Hanna Revocable Trust -- Mortgage Connect
Doris Hanna Revocable Trust $1,685,000 Interstate Title
Detroit Building Anddevelopment Llc -- None Listed On Document
Ketty John -- None Available
Ketty John $1,300,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doris A Hanna Revocable Trust $900,000
Previous Owner Ketty John $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2024 03/08/24 Sold $1,685,000 -11.3% $396 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $1,899,000 +46.1% $446 / Sq Ft
09/28/2021 09/28/21 Sold $1,300,000 0.0% $305 / Sq Ft View Prior Sale
08/31/2021 08/31/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $1,300,000 0.0% $305 / Sq Ft
06/22/2015 06/22/15 Rented $1,350 0.0% --
06/05/2015 06/05/15 Under Contract -- -- --
06/01/2015 06/01/15 For Rent $1,350 -12.9% --
07/21/2014 07/21/14 Rented $1,550 +3.3% --
07/07/2014 07/07/14 Under Contract -- -- --
06/18/2014 06/18/14 For Rent $1,500 +15.4% --
07/11/2013 07/11/13 Rented $1,300 0.0% --
07/02/2013 07/02/13 Under Contract -- -- --
06/29/2013 06/29/13 For Rent $1,300 -- --
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
2024 $25,434 $638,260 $0 $0
2023 $24,472 $595,790 $0 $0
2022 $20,937 $406,020 $0 $0
2021 $10,245 $383,390 $0 $0
2020 $8,124 $352,780 $0 $0
2019 $10,065 $303,960 $0 $0
2018 $9,842 $232,400 $0 $0
2017 $9,701 $227,170 $0 $0
2016 $9,660 $221,040 $0 $0
2015 -- $204,110 $0 $0
2014 -- $195,280 $0 $0
2011 -- $198,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240006407

Realcomp

APN: 19-36-126-006