NOT LISTED FOR SALE

2126 Lakewood St Detroit, MI 48215

Riverbend Neighborhood

Estimated Value: $80,000 - $100,000

6 Beds
2 Baths
3,151 Sq Ft
$28/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $54,000 $17 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $590/month

12 Days on Market

Highlights

  • 0.15 Acre Lot
  • Enclosed Patio or Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Awning
  • Garage

About This Home

As of July 2019

Investors: Big and beautiful, brick 2 family flat with 3 bedrooms and 1 bath in each unit. This future money maker is waiting for your final touches. Rooms are very spacious and include formal dining room in both units. Common entrance and basement with separate storage lockers and laundry. Metered separately. NOI of $12,628 after taxes, management and insurance. That's a 21% Return!!! Property is sold “AS-IS”. $1,995 transaction fee due from Buyer payable to IPS Realty at time of closing. Owner is an Agent.

Last Agent to Sell the Property

Brent Maxwell

Propfoxx License #6501345023 Listed on: 06/24/2019

Last Buyer's Agent

Daniel Binkowski

KW Platinum License #RCO-6501393971

KW Platinum

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x157x45x157
  • Fenced

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,151 Sq Ft Home
  • 2-Story Property
  • Awning

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Boulevard Annex Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I054548S

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Partially Finished, Private Storage Locker
  • Sq Ft Combined: 3151
  • Total Sq Ft: 3151
  • Sq Ft Total Bsmt: 825

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Fenced, Lighting
  • Foundation Materials: Block
  • Frontage Feet: 45
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 399333.3333
  • Lot Size Area: 0.15
  • Lot Dimensions: 45x157x45x157
  • Parcel Number: W21I054548S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer
  • Monthly Rental Income: 1350

Tax Info

  • Tax Amount Summer: 1503.0000
  • Tax Amount Winter: 143.0000
  • Total Tax: 1646.0000

Multi Family

  • Gross Scheduled Income: 16200.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
2126 Lakewood Llc
Bought by
Clark Neil and Clark Michelle
Current Estimated Value
$88,992

Purchase Details

Listed on
Jun 24, 2019
Closed on
Jul 19, 2019
Sold by
Boling Jack
Bought by
2126 Lakewood Llc
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Daniel Binkowski
KW Platinum
List Price
$59,900
Sold Price
$54,000
Premium/Discount to List
-$5,900
-9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.83%

Purchase Details

Closed on
Sep 7, 2017
Sold by
Investment Property Systems Llc
Bought by
Boling Jack

Purchase Details

Listed on
Mar 1, 2017
Closed on
May 31, 2017
Sold by
Hanna Edward
Bought by
Investment Property Systems Llc
Seller's Agent
Luis Rodriguez
RE/MAX Leading Edge
Buyer's Agent
Brent Maxwell
O'Connor Realty
List Price
$25,000
Sold Price
$17,000
Premium/Discount to List
-$8,000
-32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%

Purchase Details

Closed on
Aug 7, 2001
Sold by
Hanna Cheryl
Bought by
Hanna Edward
Source: Public Records

Range of Values:

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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
Clark Neil $84,000 None Listed On Document
2126 Lakewood Llc $54,000 None Available
Boling Jack -- None Available
Investment Property Systems Llc $17,000 None Available
Hanna Edward $25,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $54,000 -9.8% $17 / Sq Ft
07/06/2019 07/06/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $59,900 +252.4% $19 / Sq Ft
05/31/2017 05/31/17 Sold $17,000 -32.0% $5 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $25,000 -- $8 / 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 $1,267 $23,900 $0 $0
2024 $1,267 $21,400 $0 $0
2023 $1,476 $17,100 $0 $0
2022 $1,568 $17,900 $0 $0
2021 $1,527 $13,600 $0 $0
2020 $1,889 $17,500 $0 $0
2019 $1,703 $15,400 $0 $0
2018 $1,503 $15,100 $0 $0
2017 $226 $15,500 $0 $0
2016 $1,392 $17,300 $0 $0
2015 $1,179 $17,300 $0 $0
2013 $1,143 $20,290 $0 $0
2010 -- $29,748 $593 $29,155
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brent Maxwell

    Propfoxx

    Section Image
  • Daniel Binkowski

    Buyer's Agent in 2019

    Daniel Binkowski

    KW Platinum

    (586) 610-3272

    20 Total Sales

    Daniel Binkowski
    Section Image
  • Luis Rodriguez

    Seller's Agent in 2017

    Luis Rodriguez

    RE/MAX

    (313) 282-8938

    98 Total Sales

    Luis Rodriguez
    Section Image
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Map

Source: Realcomp

MLS Number: 219060815

Realcomp

APN: 21-054548

Michigan Wayne County Detroit 48215 Riverbend

2126 Lakewood St, Detroit, MI

This home is located at 2126 Lakewood St, Detroit, MI 48215 since 24 June 2019 and is currently estimated at $88,992, approximately $28 per square foot. This property was built in 1924. 2126 Lakewood St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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