NOT LISTED FOR SALE

Estimated Value: $90,341 - $105,000

6 Beds
2 Baths
2,610 Sq Ft
$37/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $81,000 $31 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $540/month

39 Days on Market

Highlights

  • Forced Air Heating System
  • 2 Car Garage
  • 3-minute walk to LaSalle-Ford Playlot
  • Cass Technical High School Rated 10

About This Home

As of October 2023

NOW ACCEPTING LAND CONTRACT TERMS, WITH ONLY $20K DOWN, BETTER UPDATED PHOTOS COMING TODAY, ALL BRICK 2 UNIT FEATURES 3 BEDS UPSTAIRS & 3 BEDS MAIN. SEPATRATE GAS & ELECTRIC METERS, COME & SEE, MAIN LEVEL IS VACANT, UPSTAIRS HAS PAYING TENANT, IMMEDIATE INCOME. FORCED AIR FURNACE (NOT BOILER HEAT) 3/4 INCH OAK HARDWOOD FLOORS THROUGHOUT (NO HAVING TO REPLACE CARPET EVERY TIME A TENANT MOVES) BOTH UNITS ARE SPACIOUS AN INDENTICAL, 1305 FOOT EACH! EACH WITH THERE OWN FRONT PORCH, GOOD DRIVEWAY & 2 CAR WIDE GARAGE. MANY VINYL WINDOWS, UPDATED PEX PLUMBING, CIRCUIT BREAKER ELECTRIC & NEWER WIRING, SOME UPDATES TO KITCHEN & BATHROOMS, HOT WATER TANK & FURNACE. **BOTH UNITS WILL BE AVAILABLE WITH A 2 DAY NOTICE TO SHOW OR COME AND SEE EVERYTHING ELSE EXCEPT THE UPPER UNIT ASAP** LOT NEXT DOOR SHOULD BE FOR SALE FOR $4,000,*FROM A SEPERATE SELLER*, CALL YOUR AGENT WITH ANY QUESTIONS...

Last Agent to Sell the Property

John Wallen

Helping Hands Realty, LLC License #6501288962 Listed on: 07/29/2023

Last Buyer's Agent

John Wallen

Helping Hands Realty, LLC License #RCO-6501288962

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00 x 110.00

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,610 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W08I004716S

Community Details

Overview

  • 2 Units
  • Robert Oakmans Twelfth St Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$656

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • State Equalized Value: 7500.0000
  • 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
  • Sq Ft Combined: 2610
  • Total Sq Ft: 2610
  • Sq Ft Total Bsmt: 1305

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00 x 110.00
  • Parcel Number: W08I004716S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 20000.00
  • Rent Includes: Water
  • Monthly Rental Income: 900

Tax Info

  • Tax Amount Summer: 585.0000
  • Tax Amount Winter: 71.0000
  • Total Tax: 656.0000
  • Taxable Value: 7500.0000

Multi Family

  • Gross Scheduled Income: 10800.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2023
Closed on
Oct 27, 2023
Sold by
Kosseke Herve
Bought by
Hofmeister Alex
Seller's Agent
John Wallen
Helping Hands Realty, LLC
Buyer's Agent
John Wallen
Helping Hands Realty, LLC
List Price
$85,000
Sold Price
$81,000
Premium/Discount to List
-$4,000
-4.71%
Views
87
Current Estimated Value
$96,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,585
Avg. Annual Appreciation
9.87%
Original Mortgage
$57,750
Outstanding Balance
$56,705
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$39,880

Purchase Details

Closed on
Feb 21, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Kosscke Herve

Purchase Details

Closed on
Oct 26, 2017
Sold by
The State Of Michigan
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Oct 5, 2012
Sold by
Wayne County Treasurer
Bought by
Michigan Land Bank Fast Track Auth

Purchase Details

Closed on
Aug 30, 2007
Sold by
Sumling Alan
Bought by
Drake Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
11.62%
Mortgage Type
Unknown

Purchase Details

Closed on
May 24, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Sumling Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,500
Interest Rate
6.68%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2005
Sold by
Lockett Laura and Lockett Arthur L
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Abs Capital Inc Trust 200

Purchase Details

Closed on
May 20, 2004
Sold by
Graves Otis L and Graves Natalie
Bought by
Lockett Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
8.43%
Mortgage Type
Unknown
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
Hofmeister Alex $81,000 Embassy Title Agency
Hofmeister Alex $81,000 Embassy Title Agency
Kosscke Herve -- None Available
The Detroit Land Bank Authority -- None Available
Michigan Land Bank Fast Track Auth -- None Available
Drake Tyler $105,000 Multiple
Sumling Alan $19,000 Attorneys Title Agency Llc
Deutsche Bank National Trust Co $61,200 --
Lockett Laura $90,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hofmeister Alex $57,750
Previous Owner Drake Tyler $94,500
Previous Owner Sumling Alan $53,000
Previous Owner Sumling Alan $26,500
Previous Owner Lockett Arthur L $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $81,000 +2.5% $31 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/24/2023 08/24/23 Price Changed $79,000 -1.3% $30 / Sq Ft
08/14/2023 08/14/23 Price Changed $80,000 -5.9% $31 / Sq Ft
07/29/2023 07/29/23 For Sale $85,000 -- $33 / 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 $294 $3,800 $0 $0
2024 $294 $2,900 $0 $0
2023 $504 $2,400 $0 $0
2022 $996 $7,500 $0 $0
2021 $35 $400 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $400 $0 $0
2017 $7 $400 $0 $0
2016 $847 $6,100 $0 $0
2015 $70 $700 $0 $0
2013 $1,788 $17,879 $0 $0
2010 -- $25,617 $684 $24,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230062763

Realcomp

APN: 08-004716