NOT LISTED FOR SALE

21701 Edna St Dearborn, MI 48124

Ford Homes Historic District Neighborhood

Estimated Value: $246,470 - $316,000

3 Beds
4 Baths
1,468 Sq Ft
$197/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $217,500 $148 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,953/month

39 Days on Market

Highlights

  • Colonial Architecture
  • Duvall Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of July 2022

Prime investment opportunity in the heart of west Dearborn. Nestled on a quiet dead-end street this 2-unit multifamily has been generating great returns for over two decades. Located walking distance to Michigan Ave’s retail corridor the property has the potential to attract sophisticated clientele leading to a significant ROI. Currently, 1st floor unit is vacant and 2nd floor tenant is in the process of moving out. Do not disturb 2nd floor tenant, 24-hour notice must be given before entry.

Last Agent to Sell the Property

Sheri Allingham Baker

Sheringham, Finley & Assocs License #6505303862 Listed on: 03/16/2022

Last Buyer's Agent

Allison Fishwick

Prime + Property License #6502369004

Prime + Property

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00x109.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,468 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 32820922336025

Community Details

Overview

  • 2 Units
  • Welch & Lonnquist Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,571

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1929
  • State Equalized Value: 80400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1468

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00X109.00
  • Parcel Number: 32820922336025
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1650

Tax Info

  • Tax Amount Summer: 4059.0000
  • Tax Amount Winter: 512.0000
  • Total Tax: 4571.0000
  • Taxable Value: 62121.0000

Multi Family

  • Gross Scheduled Income: 19800.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jul 12, 2022
Sold by
Bolin Jeffrey D
Bought by
Leonora Properties Llc
Seller's Agent
Sheri Allingham Baker
Sheringham, Finley & Assocs
Buyer's Agent
Allison Fishwick
Prime + Property
List Price
$274,900
Sold Price
$217,500
Premium/Discount to List
-$57,400
-20.88%
Current Estimated Value
$289,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,618
Avg. Annual Appreciation
8.37%

Purchase Details

Closed on
Mar 12, 2003
Sold by
Eddy Kathy Lynn and Bolin Kathy Lynn
Bought by
Bolin Jeffrey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1995
Sold by
Boli Jeffrey D and Boli Kathy L
Bought by
Bolin Jeffrey D and Bolin Kathy L

Purchase Details

Closed on
Sep 30, 1994
Sold by
Stephen L Waskin
Bought by
Cipolla Anthony J and Cipolla Antonio V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
5.5%
Mortgage Type
New Conventional
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
Leonora Properties Llc $217,500 Ata National Title
Bolin Jeffrey D -- First Michigan Title Inc
Bolin Jeffrey D $115,000 --
Cipolla Anthony J $101,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bolin Jeffrey D $61,000
Previous Owner Cipolla Anthony J $80,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2022 07/12/22 Sold $217,500 -14.7% $148 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
03/30/2022 03/30/22 Price Changed $254,900 -3.8% $174 / Sq Ft
03/25/2022 03/25/22 Price Changed $264,900 -3.6% $180 / Sq Ft
03/16/2022 03/16/22 For Sale $274,900 -- $187 / 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 $5,427 $94,900 $0 $0
2024 $5,463 $95,100 $0 $0
2023 $4,859 $84,400 $0 $0
2022 $4,465 $86,700 $0 $0
2021 $4,576 $80,400 $0 $0
2019 $4,513 $66,700 $0 $0
2018 $3,919 $66,700 $0 $0
2017 $922 $64,000 $0 $0
2016 $3,007 $63,000 $0 $0
2015 $5,682 $66,450 $0 $0
2013 $5,505 $55,050 $0 $0
2011 -- $60,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sheri Allingham Baker

    Sheringham, Finley & Assocs

    Section Image

  • A

    Buyer's Agent in 2022

    Allison Fishwick

    Prime + Property

    (734) 834-4663

    11 in this area

    411 Total Sales

    Allison Fishwick
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2220017976

Realcomp

APN: 32-09-223-36-025

Michigan Wayne County Dearborn 48124 Ford Homes Historic District

21701 Edna St, Dearborn, MI

Not Listed for Sale

MultiFamily

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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