NOT LISTED FOR SALE

Estimated Value: $185,000 - $347,000

4 Beds
2.5 Baths
1,437 Sq Ft
$164/Sq Ft Est. Value

Last Sold July 20, 2015

Last sale price $77,000 $54 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $1,299/month

22 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • 2 Car Garage
  • Cass Technical High School Rated 10
  • Hot Water Heating System
  • Fenced

About This Home

As of July 2015

Historic Green Acres Subdivision offers this beautiful craftsman style two family home. Gorgeous front elevation with full front sitting porch and craftsman detailing. Two flats, entry level unit features large living and dining rooms along with big kitchen and one bedroom. Second floor unit offers the flexibility of three bedrooms or additional living spaces. Very usable basement has tremendous storage and rough half bath. Fantastic opportunity to achieve instant cash flow on your investment. Convenient location adjacent Ferndale and Sherwood Forest/Palmer Woods.

Last Agent to Sell the Property

Jim Shaffer

Good Company License #6502380733 Listed on: 04/14/2015

Good Company

Last Buyer's Agent

Jim Shaffer

Good Company License #6502380733 Listed on: 04/14/2015

Good Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x106.30
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,437 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Greenacres Subdivision

Listing and Financial Details

  • Assessor Parcel Number W02I005923S

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 1437
  • Total Sq Ft: 1437
  • Sq Ft Total Bsmt: 694

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Wood
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Hot Water, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1110000.0000
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X106.30
  • Parcel Number: W02I005923S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 1815.0000
  • Tax Amount Winter: 203.0000
  • Total Tax: 2018.0000

Multi Family

  • Number Of Units Total: 2
  • Number of One 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
Apr 14, 2015
Closed on
Jul 21, 2015
Sold by
Millard Craig and Lachance Leanne R
Bought by
Lessnau Nicholas
Seller's Agent
Jim Shaffer
Good Company
Buyer's Agent
Jim Shaffer
Good Company
List Price
$99,900
Sold Price
$77,000
Premium/Discount to List
-$22,900
-22.92%
Current Estimated Value
$234,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,954
Avg. Annual Appreciation
11.65%
Original Mortgage
$70,695
Outstanding Balance
$55,221
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$179,733

Purchase Details

Closed on
Oct 23, 2008
Sold by
Schneider Karl
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jun 29, 2007
Sold by
Rossell Ronald T and Rossell Melinda L
Bought by
Schneider Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
8.12%
Mortgage Type
Unknown
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
Lessnau Nicholas $77,000 Title Partners
Aurora Loan Services Llc $121,763 None Available
Schneider Karl $115,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lessnau Nicholas $70,695
Previous Owner Millard Craig $33,900
Previous Owner Schneider Karl $109,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2015 07/20/15 Sold $77,000 -22.9% $54 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $99,900 -- $70 / 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 $268 $4,500 $0 $0
2024 $268 $4,000 $0 $0
2023 $273 $4,000 $0 $0
2022 $301 $4,000 $0 $0
2021 $2,082 $59,100 $0 $0
2020 $2,064 $48,900 $0 $0
2019 $1,932 $37,900 $0 $0
2018 $1,653 $29,900 $0 $0
2017 $387 $27,400 $0 $0
2016 $1,854 $30,100 $0 $0
2015 $2,130 $21,300 $0 $0
2013 $2,247 $22,473 $0 $0
2010 -- $31,192 $1,072 $30,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215033240

Realcomp

APN: 02-005923