NOT LISTED FOR SALE

Estimated Value: $220,438

4 Beds
2 Baths
5,682 Sq Ft
$39/Sq Ft Est. Value

Last Sold November 13, 2024

Last sale price $220,000 $39 Per Sq Ft

Current estimated payment $1,211/month

25 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Balcony
  • 3-minute walk to Gordon Park

About This Home

As of November 2024

This rare investment opportunity offers an spacious 1928-built corner property in the highly sought-after Virginia Park neighborhood. With 5,628 square feet of space, the property is fully gutted, vacant, and ready for a full rehab—offering potential for a full transformation. Sitting on an 8,276 square foot lot and zoned R2, this property provides flexibility for residential projects. Whether you’re envisioning a multi-family development, mixed-use space, or highly sought-after residential housing, this is the perfect opportunity for your vision Strategically located near key Detroit landmarks, including Henry Ford Hospital, the Motown Museum, and the popular Congregation Coffee House, the property offers prime visibility and accessibility. The seller has provided detailed renderings for an 8-unit residential development. The sale also includes the adjacent lot at 2072 Clairmount, which offers additional space ideal for parking or potential future expansion Virginia Park is one of Detroit’s most sought-after neighborhoods, where ongoing development meets the area’s historic charm. With numerous renovation projects and new constructions transforming the landscape, this property offers an exceptional opportunity to contribute to the growth and vibrancy of this thriving community. With significant recent development, driven by the city's affordable housing initiatives, Virginia Park is a prime location for both investors and full-time residents. The demand for residential and commercial spaces continues to grow, making this property a unique opportunity to participate in Detroit’s ongoing revitalization while contributing to its affordable housing goals. Don’t miss this chance to develop a key piece of Detroit’s future!

Last Agent to Sell the Property

Tracy Petersen

VM Real Estate Group License #6506047844 Listed on: 10/10/2024

Co-Listed By

Rachel Blue

VM Real Estate Group License #6501430276

Last Buyer's Agent

Tracy Petersen

VM Real Estate Group License #6506047844 Listed on: 10/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60.00 x 138.00

Parking

  • Garage

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 5,682 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W08I002705S

Community Details

Overview

  • 2 Units
  • Joy Farm Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$938

Year Built

Built in 1928

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1928
  • State Equalized Value: 9025.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 5682

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

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

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 60.00 x 138.00
  • Parcel Number: W08I002705S
  • Zoning: Multi-Family, Residential

Tax Info

  • Tax Amount Summer: 873.0000
  • Tax Amount Winter: 65.0000
  • Total Tax: 938.0000
  • Taxable Value: 6930.0000

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
Jun 1, 2021
Sold by
Knr Llc
Bought by
Michigan Moose Ventures Llc
Seller's Agent
Griffin Krebsbach
O'Connor Realty Detroit, LLC
Buyer's Agent
Tracy Petersen
Palladium Realty
List Price
$40,000
Sold Price
$135,000
Premium/Discount to List
$95,000
237.5%
Current Estimated Value
$220,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,438

Purchase Details

Closed on
Jun 10, 2014
Sold by
Tradin Places Llc
Bought by
Knr Llc

Purchase Details

Closed on
Nov 25, 2013
Sold by
Wayne County Treasurer
Bought by
Tradin Places Llc

Purchase Details

Closed on
Oct 23, 2008
Sold by
Wells Fargo Bank Na
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 11, 2007
Sold by
Lockett Walter and Lockett Portia
Bought by
Wells Fargo Bank Na and Holders Of Asset Backed Pass Through Cer

Purchase Details

Closed on
Jul 23, 2004
Sold by
Lockett Walter D and Lockett Walter
Bought by
Lockett Walter D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2003
Sold by
Lockett Walter and Lockett Doris
Bought by
Lockett Walter
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Michigan Moose Ventures Llc $135,000 Chirco Title Agency Inc
Knr Llc -- None Available
Tradin Places Llc $500 None Available
Wells Fargo Bank Na -- None Available
Wells Fargo Bank Na $101,250 None Available
Lockett Walter D -- Title Source Inc
Lockett Walter -- Title Source
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lockett Walter D $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2024 11/13/24 Sold $220,000 -2.2% $39 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $225,000 +66.7% $40 / Sq Ft
06/01/2021 06/01/21 Sold $135,000 +35.0% $24 / Sq Ft View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
03/20/2021 03/20/21 Price Changed $100,000 +150.0% $18 / Sq Ft
03/20/2021 03/20/21 For Sale $40,000 -- $7 / 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
2024 $773 $0 $0 $0
2023 $773 $9,025 $0 $0
2022 $563 $6,600 $0 $0
2021 $523 $4,335 $0 $0
2020 $523 $4,500 $0 $0
2019 $617 $3,240 $0 $0
2018 $576 $3,100 $0 $0
2017 $57 $3,000 $0 $0
2016 $1,336 $12,400 $0 $0
2015 $1,180 $11,800 $0 $0
2013 $1,778 $65,376 $0 $0
2010 -- $74,291 $1,236 $73,055
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240072705

Realcomp

APN: 08-002705

Your Personal Tour Guide

Ask me questions while you tour the home.