NOT LISTED FOR SALE

212 Summit St River Rouge, MI 48218

Estimated Value: $64,000 - $93,000

3 Beds
2 Baths
1,224 Sq Ft
$66/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $26,000 $21 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $567/month

52 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • 5-minute walk to Memorial Park
  • Ceiling Fan

About This Home

As of May 2019

Property is a no-frills money maker! Current owner has possessed property since 2008. Both up and downstairs tenants are long term, wish to stay. Rental certification granted every year, most recent Fall 2018. Neighborhood is quiet and stable. Upstairs is a simple apartment which has been used as both a one bedroom or a two bedroom throughout property's history. Downstairs has 2 bedrooms with plenty of space for a third in basement should one be needed as basement is accessible to first floor resident only. Basement has washer/dryer hookups, furnace and 2 water heaters. Basement could be made common space with coin-op laundry for additional income. Roof is newer, complete tear-off. Owner is motivated, selling to invest in a larger property. Make an offer!
Showing to be conducted using discretion and by appointment only. Do not approach tenants as sale of property has not been disclosed yet. Agent is owner.
Measurments approximate. BATVAI

Last Agent to Sell the Property

Jeff Prowse

Key Realty License #6501404442 Listed on: 03/20/2019

Key Realty

Last Buyer's Agent

Jeff Prowse

Key Realty License #6501404442 Listed on: 03/20/2019

Key Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x103.80

Parking

  • On-Street Parking

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,224 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Utilities

  • Forced Air Heating System
  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Livingstones South Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50004030032000

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 1224
  • Total Sq Ft: 1224
  • Sq Ft Total Bsmt: 704

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: River Rouge

Lot Info

  • List Price per Acre: 407142.8571
  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X103.80
  • Parcel Number: 50004030032000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 945

Tax Info

  • Tax Amount Summer: 776.0000
  • Tax Amount Winter: 356.0000
  • Total Tax: 1132.0000

Multi Family

  • Gross Scheduled Income: 11340.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2021
Sold by
Horn Terrence A
Bought by
Ftk Holdings Llc
Total Days on Market
52
Current Estimated Value
$81,136

Purchase Details

Listed on
Mar 20, 2019
Closed on
May 16, 2019
Sold by
Infotex
Bought by
Horn Terrence
Seller's Agent
Jeff Prowse
Key Realty
Buyer's Agent
Jeff Prowse
Key Realty
List Price
$29,900
Sold Price
$26,000
Premium/Discount to List
-$3,900
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.69%

Purchase Details

Closed on
Nov 5, 2013
Sold by
Mullins Steve
Bought by
Infotex

Purchase Details

Closed on
Feb 27, 2008
Sold by
Us Bank Na
Bought by
Mullins Steve

Purchase Details

Closed on
Apr 25, 2007
Sold by
Mills Charles
Bought by
Us Bank Na and Csmc Mortgage Backed Pass Through Certif

Purchase Details

Closed on
Jan 11, 2006
Sold by
Arndt Robert and Arndt Laurie Lynn
Bought by
Mills Charles

Purchase Details

Closed on
Apr 14, 2005
Sold by
National City Home Loans Services Inc
Bought by
Arndt Robert

Purchase Details

Closed on
Jun 9, 2004
Sold by
Evans Mettie A
Bought by
National City Home Loans Services Inc

Purchase Details

Closed on
Jun 11, 2003
Sold by
Woolsey Richard D and Woolsey Rebecca
Bought by
Evans Mettie Ann

Purchase Details

Closed on
Jan 8, 2002
Sold by
Stellini Thomas E
Bought by
Woolsey Richard D
Source: Public Records

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    Robert Kabbani Keller Williams Legacy

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Range of Values:

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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
Ftk Holdings Llc -- None Available
Horn Terrence $26,000 First American Title
Infotex $1,000 None Available
Us Bank Na $58,566 None Available
Mills Charles $75,000 Independence Title Corp
National City Home Loans Services Inc $40,638 --
Evans Mettie Ann $80,000 Stewart Title
Woolsey Richard D $49,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $26,000 -8.8% $21 / Sq Ft
05/11/2019 05/11/19 Pending -- -- --
04/09/2019 04/09/19 Price Changed $28,500 -4.7% $23 / Sq Ft
03/20/2019 03/20/19 For Sale $29,900 -- $24 / 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
2024 $1,341 $29,000 $0 $0
2023 $1,277 $22,800 $0 $0
2022 $1,776 $17,700 $0 $0
2021 $1,314 $15,100 $0 $0
2020 $1,323 $12,900 $0 $0
2019 $795 $11,600 $0 $0
2018 $776 $10,900 $0 $0
2017 $712 $11,100 $0 $0
2016 $1,174 $11,400 $0 $0
2015 $1,410 $14,100 $0 $0
2013 $2,240 $23,500 $0 $0
2012 $2,033 $22,900 $3,100 $19,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219014362

Realcomp

APN: 50-004-03-0032-000