NOT LISTED FOR SALE

Estimated Value: $339,000 - $622,000

4 Beds
2 Baths
2,508 Sq Ft
$172/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $355,000 $142 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,397/month

7 Days on Market

Highlights

  • Terrace
  • Covered Patio or Porch
  • Awning
  • Cass Technical High School Rated 10
  • Security System Owned
  • 5-minute walk to Butzel Playground

About This Home

As of September 2024

This fully renovated Islandview Duplex is located in a prime neighborhood just north of boutique shops, restaurants & urban gardens lining Kercheval Ave & w/in walking distance to the highly desirable Historic West & Indian Villages! This 1909 Colonial-style property features 2 side-by-side private entrances leading to the entry level & upper units. Recently renovated, each unit offers approx. 1,250 Sq Ft of living space & modern amenities - engineered wood flooring, exposed brick accents, open concept kitchen w/ eat-in island & lovely outdoor balconies. Major system updates w/in the last 5 years - new roof, windows, siding, driveway, mechanicals, updated electrical, sewer line & plumbing! The income producing property could be yours to live in one unit & rent out the other or an opportunity to secure an investment property in a rapidly developing area. Bike to Red Hook Coffee, Sister Pie, Marrow, Village Parlor Salon, & more! Close proximity to Belle Isle, Eastern Market & the Riverfront!

Last Agent to Sell the Property

Lindsay Gorman

Nika & Co License #6501406255 Listed on: 07/23/2024

Last Buyer's Agent

Jan Dijkers

Berkshire Hathaway HomeServices The Loft Warehouse License #6501338353

Berkshire Hathaway HomeServices The Loft Warehouse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1909 | Remodeled in 2018

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 45 x 100
  • Private Entrance

Home Design

  • Duplex
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,508 Sq Ft Home
  • 2-Story Property
  • Awning
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Security System Owned

Outdoor Features

  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 17013385.

Community Details

Overview

  • 2 Units
  • Lindale Park Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,744

Year Built

Built in 1909 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1909
  • State Equalized Value: 43600.0000
  • Year Renovated: 2018
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility, Security Alarm (owned)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 2508
  • Total Sq Ft: 2508
  • Sq Ft Total Bsmt: 873

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Awning/Overhang(s), Lighting, Private Entry
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 45
  • Porch Type: Porch - Covered, Porch, Terrace, Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: Yes

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 45 x 100
  • Parcel Number: 17013385.
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 3100

Tax Info

  • Tax Amount Summer: 1591.0000
  • Tax Amount Winter: 153.0000
  • Total Tax: 1744.0000
  • Taxable Value: 43600.0000

Multi Family

  • Gross Scheduled Income: 37200.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Sep 19, 2024
Sold by
Dvi2 Llc
Bought by
Tsakoff George
Seller's Agent
Lindsay Gorman
Nika & Co
Buyer's Agent
Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%
Views
51
Current Estimated Value
$430,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,310
Avg. Annual Appreciation
19.90%

Purchase Details

Closed on
Feb 27, 2020
Sold by
Priester Thomas and Nv Debt Series A Llc
Bought by
Dvi 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,511,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2017
Sold by
Detroit Neighborhoods Llc
Bought by
Nv Debt Series A Llc

Purchase Details

Closed on
Nov 10, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Detroit Neighborhoods Llc

Purchase Details

Closed on
Feb 16, 2012
Sold by
Smith Pinkie Mae and Smith Jewel Michale
Bought by
Jones Revoydia and Jones Revoydia I

Purchase Details

Closed on
May 6, 2003
Sold by
Reed Reynord and Reed Jacqueline
Bought by
Jewel Michale J
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
Tsakoff George $355,000 Bbc Title Agency
Dvi 2 Llc -- Bbc Title Agency Llc
Nv Debt Series A Llc -- None Available
Detroit Neighborhoods Llc $22,000 None Available
Jones Revoydia -- None Available
Jewel Michale J $1,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dvi 2 Llc $1,511,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $355,000 -4.0% $142 / Sq Ft
07/23/2024 07/23/24 For Sale $369,900 -- $147 / 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 $1,385 $65,500 $0 $0
2024 $1,385 $55,700 $0 $0
2023 $1,591 $43,600 $0 $0
2022 $1,693 $27,100 $0 $0
2021 $1,648 $19,600 $0 $0
2020 $1,647 $19,100 $0 $0
2019 $1,623 $14,500 $0 $0
2018 $1,441 $14,300 $0 $0
2017 $80 $14,600 $0 $0
2016 $714 $4,400 $0 $0
2015 $440 $4,400 $0 $0
2013 $515 $5,150 $0 $0
2010 -- $7,551 $517 $7,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240051665

Realcomp

APN: 17-013385