NOT LISTED FOR SALE

20500 Faust Ave Detroit, MI 48219

O'Hair Park Neighborhood

Estimated Value: $79,000 - $116,000

3 Beds
1 Bath
1,067 Sq Ft
$96/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $23,500 $22 Per Sq Ft

Est. 332% increase in value since last sale

Current estimated payment $656/month

7 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • 2 Car Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of July 2016

Beautiful brick ranch available at a steal of a price! Home is tenant occupied with a section 8 tenant paying $855/mo through August. As is sale. Buyer to pay for closing costs and cost of title policy. Seller to pay all back taxes and water. Do not disturb tenant. Viewings set after accepted offer.

Last Agent to Sell the Property

Jeanette Lucy

IQ Properties LLC License #6502409787 Listed on: 04/22/2016

Last Buyer's Agent

Jeanette Lucy

IQ Properties LLC License #6502409787 Listed on: 04/22/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 43.00x130.00

Parking

  • 2 Car Garage

Home Design

  • 1,067 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • Southfield Gate Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I078896C7

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 240
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Total Sq Ft: 1067

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 176153.8462
  • Lot Size Area: 0.13
  • Lot Dimensions: 43.00X130.00
  • Parcel Number: W22I078896C7

Tax Info

  • Tax Amount Summer: 1810.0000
  • Tax Amount Winter: 135.0000
  • Total Tax: 1945.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 14, 2016
Sold by
0 For 5 Properties Llc
Bought by
Okey Nnenna
Seller's Agent
Jeanette Lucy
IQ Properties LLC
Buyer's Agent
Jeanette Lucy
IQ Properties LLC
List Price
$22,900
Sold Price
$23,500
Premium/Discount to List
$600
2.62%
Current Estimated Value
$101,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,918
Avg. Annual Appreciation
16.40%

Purchase Details

Closed on
Sep 16, 2015
Sold by
Insiders Cash Llc
Bought by
0 For 5 Properties Llc

Purchase Details

Closed on
Sep 10, 2015
Sold by
American Estate & Trust
Bought by
Insiders Cash Llc

Purchase Details

Closed on
Sep 12, 2014
Sold by
Green Apple Homes Llc
Bought by
American Estate & Trust and Phillip Kim Johnson Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,300
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2014
Sold by
Pioneer Investments Llc
Bought by
Green Apple Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,300
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2014
Sold by
Prime Asset Llc
Bought by
Pioneer Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,300
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2011
Sold by
Innovative Property Solutions Inc
Bought by
Prime Assets Llc

Purchase Details

Closed on
Aug 29, 2007
Sold by
Adams Robert D and Adams Avon C
Bought by
Household Finance Corp Iii

Purchase Details

Closed on
Oct 6, 2005
Sold by
Adams Robert D and Adams Avon C
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Dec 4, 2002
Sold by
Townsend Sylvester
Bought by
Adams Robert D
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
Okey Nnenna $23,500 Attorney
0 For 5 Properties Llc -- None Available
Insiders Cash Llc -- None Available
American Estate & Trust $45,350 None Available
Green Apple Homes Llc $25,750 None Available
Pioneer Investments Llc -- None Available
Prime Assets Llc $26,500 Embassy Title Agency Inc
Household Finance Corp Iii $99,427 None Available
Mortgage Electronic Registration Systems $24,667 None Available
Adams Robert D $124,000 Professional Real Estate Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner American Estate & Trust $37,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2016 07/12/16 Sold $23,500 +2.6% $22 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $22,900 -- $21 / Sq Ft
Source: Realcomp

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 $1,623 $48,200 $0 $0
2024 $1,602 $41,400 $0 $0
2023 $1,556 $33,100 $0 $0
2022 $1,663 $27,800 $0 $0
2021 $1,616 $22,300 $0 $0
2020 $1,616 $21,200 $0 $0
2019 $1,590 $16,900 $0 $0
2018 $1,387 $14,900 $0 $0
2017 $285 $15,000 $0 $0
2016 $1,752 $20,000 $0 $0
2015 $2,000 $20,000 $0 $0
2013 $2,808 $28,076 $0 $0
2010 -- $40,227 $1,246 $38,981
Source: Public Records

Agents Affiliated with this Home

  • Jeanette Lucy

    Seller's Agent in 2016

    Jeanette Lucy

    IQ Properties LLC

    (313) 333-5166

    1 in this area

    116 Total Sales

    Jeanette Lucy
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Map

Source: Realcomp

MLS Number: 216038002

Realcomp

APN: 22-0788967

Michigan Wayne County Detroit 48219 O'Hair Park

20500 Faust Ave, Detroit, MI

Not Listed for Sale

Detached

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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