$30,000
SOLD MAR 7, 2025
4 Beds
2 Baths
870 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$34 Per Sq Ft

14% Below List Price

178 Days on Market

Highlights

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

About This Home

As of March 2025

This 2 family investment opportunity has 2 bedrooms on each side and is in need of extensive rehab due to fire damage on one side. The other side is not as damaged and down to the studs. Located within walking distance to 8 Mile, schools and parks. Check the comps and don't miss out! This site is in the Eight Mile-Evergreen NEZ Homestead boundaries. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Last Agent to Sell the Property

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 06/21/2024

Last Buyer's Agent

Kevin Smith

Great Lakes Real Estate Agency LLC License #6501417865

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 27.00 x 110.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 870 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W22I018053C4

Community Details

Overview

  • 2 Units
  • Feldman & Feldmans Evergreen Manor No 1 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1952
  • State Equalized Value: 28300.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 870
  • Total Sq Ft: 870
  • Sq Ft Total Bsmt: 423

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 27
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 27.00 x 110.00
  • Parcel Number: W22I018053C4
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1145.0000
  • Tax Amount Winter: 127.0000
  • Total Tax: 1272.0000
  • Taxable Value: 13471.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Mar 3, 2025
Sold by
Detroit Land Bank Authority
Bought by
Indiana 507221 Detroit Llc
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
Kevin Smith
Great Lakes Real Estate Agency LLC
List Price
$35,000
Sold Price
$30,000
Premium/Discount to List
-$5,000
-14.29%
Views
91
Current Estimated Value
$56,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,773
Avg. Annual Appreciation
205.02%

Purchase Details

Closed on
Nov 9, 2022
Sold by
Farkas Latifa
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
May 9, 2019
Sold by
The Detroit Land Bank Authority
Bought by
Farkas Latifa

Purchase Details

Closed on
May 9, 2014
Sold by
The State Of Michigan
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Oct 10, 2012
Sold by
Wayne County Treasurer
Bought by
Michigan Land Bank Fast Track Auth
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 Type Sale Price Title Company
Quit Claim Deed $30,000 None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed $1,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $55,700 Credit Line Revolving
Previous Owner $49,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $30,000 -14.3% $34 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $35,000 -- $40 / 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 $2,776 $0 $0 $0
2024 $2,776 $35,500 $0 $0
2023 $1,686 $27,900 $0 $0
2022 $1,796 $22,400 $0 $0
2021 $1,747 $17,800 $0 $0
2020 $1,747 $15,900 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,078 $0 $0 $0
2016 $340 $0 $0 $0
2015 $1,078 $0 $0 $0
2013 $1,078 $10,784 $0 $0
2010 -- $15,810 $627 $15,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240042804

Realcomp

APN: 22-018055