NOT LISTED FOR SALE

Estimated Value: $41,673 - $237,000

6 Beds
2 Baths
2,590 Sq Ft
$55/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $32,000 $12 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $936/month

177 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of August 2021

Location, Location, Location! Calling all investors! Great investment property in Virginia Park! Close to Boston Edison, and the New Center area. Less than 10 minutes from downtown Detroit! This property features 2-3 bedroom units, 1 bathroom, kitchen, living room with fireplace, dining room, basement, and garage! This property needs to be fully rehabbed, but has great structure and bones with income potential of $2000 monthly. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing.
Seller also has 2059 Hazelwood for sale.

Last Agent to Sell the Property

Shenitha Raines

Realtyflo Inc License #6501390824 Listed on: 02/04/2021

Last Buyer's Agent

Donni Hawthorne

Home 365 LLC License #6501371511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x123.00

Home Design

  • Colonial Architecture
  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,590 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W08I002450S

Community Details

Overview

  • 2 Units
  • Joy Farm Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Colonial
  • Architecture Level: 3 Story
  • Assessment: 340
  • Year Built: 1919
  • State Equalized Value: 15700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2590
  • Total Sq Ft: 2590
  • Sq Ft Total Bsmt: 1295

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 390000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X123.00
  • Parcel Number: W08I002450S
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 1114.0000
  • Tax Amount Winter: 91.0000
  • Total Tax: 1205.0000
  • Taxable Value: 9800.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Aug 2, 2021
Sold by
Kal Peace Llc
Bought by
Femat Alejandro Santiago
Seller's Agent
Shenitha Raines
Realtyflo Inc
Buyer's Agent
Donni Hawthorne
Home 365 LLC
List Price
$45,000
Sold Price
$32,000
Premium/Discount to List
-$13,000
-28.89%
Current Estimated Value
$143,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,418
Avg. Annual Appreciation
41.49%

Purchase Details

Closed on
Jan 24, 2020
Sold by
Motown Homes Llc
Bought by
Kai Peace Llc

Purchase Details

Closed on
Sep 16, 2013
Sold by
Rmoa Llc
Bought by
United Investment Group Llp

Purchase Details

Closed on
May 2, 2013
Sold by
Triumph Real Estate Llc
Bought by
Rmoa Llc

Purchase Details

Closed on
Jan 22, 2013
Sold by
Tradin Places Llc
Bought by
Triumph Real Estate Llc

Purchase Details

Closed on
Aug 27, 2012
Sold by
Wayne County Treasurer
Bought by
Tradin Places Llc

Purchase Details

Closed on
Nov 9, 2007
Sold by
Telco Design Corp
Bought by
Upshaw China K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 9, 2006
Sold by
Scott Clark Robert
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 2, 2005
Sold by
Beamon Betty and Beamon Harrick D
Bought by
Scott Clark Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac
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
Femat Alejandro Santiago $32,000 Speedy T&E Svcs Llc
Kai Peace Llc -- None Available
United Investment Group Llp -- None Available
Rmoa Llc -- None Available
Triumph Real Estate Llc -- None Available
Tradin Places Llc $760 None Available
Upshaw China K $80,000 Bell Title Company
Us Bank Na $66,300 None Available
Scott Clark Robert $92,000 Fidelity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Upshaw China K $64,000
Previous Owner Telco Design Corp $30,263
Previous Owner Scott Clark R $87,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $32,000 -17.9% $12 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
06/29/2021 06/29/21 Price Changed $39,000 -13.3% $15 / Sq Ft
02/04/2021 02/04/21 For Sale $45,000 -- $17 / 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 $2,069 $43,500 $0 $0
2024 $2,069 $36,100 $0 $0
2023 $1,843 $28,500 $0 $0
2022 $1,965 $24,100 $0 $0
2021 $1,911 $18,000 $0 $0
2020 $1,207 $15,700 $0 $0
2019 $1,191 $11,900 $0 $0
2018 $1,063 $9,500 $0 $0
2017 $174 $9,200 $0 $0
2016 $1,523 $41,500 $0 $0
2015 $1,400 $14,000 $0 $0
2013 $1,941 $19,410 $0 $0
2010 -- $27,810 $773 $27,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210007778

Realcomp

APN: 08-002450