NOT LISTED FOR SALE

22508 Law St Dearborn, MI 48124

Riverbend Neighborhood

Estimated Value: $420,437 - $509,000

5 Beds
2.5 Baths
2,459 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 15, 2017

Last sale price $225,000 $92 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,194/month

15 Days on Market

Highlights

  • Deck
  • Porch
  • Ceiling Fan
  • Howard Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of March 2017

WOW...A RARE FIND IN WEST DEARBORN. THIS HUGE BRICK 2 FAMILY IS LOCATED ON BEAUTIFUL LAW STREET, IN THE HEART OF WEST DEARBORN. 3 BEDROOMS DOWN AND TWO UP. SUPER CLEAN, INSIDE AND OUT. HARDWOOD FLOORS UNDER CARPETING. SEPARATE FURNACES, ELECTRICAL, AND CENTRAL AIR UNITS. THIS HOUSE CAN EASILY GENERATE $2,000+ PER MONTH IN RENTAL INCOME. ALSO, IT WOULD NOT TAKE MUCH WORK TO TURN THIS HOUSE INTO A HUGE SINGLE FAMILY, AND AT THIS PRICE, IT WOULD BE A GREAT INVESTMENT TO RENOVATE TO A SINGLE FAMILY HOME.

Last Agent to Sell the Property

James Ferris

RE/MAX Team 2000 License #6501282127 Listed on: 12/05/2016

RE/MAX Team 2000

Last Buyer's Agent

Holly Abdullah

Century 21 Curran & Oberski License #RCO-6501378375

Century 21 Curran & Oberski

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 42.00x150.00
  • Fenced

Parking

  • 2 Car Garage

Home Design

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

Interior Spaces

  • 2,459 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Law Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32820921212017

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2459
  • Total Sq Ft: 2459
  • Sq Ft Total Bsmt: 1372

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Cedar
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 42
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Dearborn

Lot Info

  • List Price per Acre: 1785000.0000
  • Lot Size Area: 0.14
  • Lot Dimensions: 42.00X150.00
  • Parcel Number: 32820921212017
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 5605.0000
  • Tax Amount Winter: 682.0000
  • Total Tax: 6287.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2016
Closed on
Mar 15, 2017
Sold by
Elhaje Michael F and Elhaje Denise Mary
Bought by
Mastroianni Antonio
Seller's Agent
James Ferris
RE/MAX Team 2000
Buyer's Agent
Holly Abdullah
Century 21 Curran & Oberski
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Current Estimated Value
$462,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,609
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Apr 26, 2007
Sold by
Elhaje Michael F
Bought by
Elhaje Michael F

Purchase Details

Closed on
Oct 28, 1998
Sold by
Revo Peter Timothy Ponta
Bought by
Elhaje Michael
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
Mastroianni Antonio $225,000 None Available
Elhaje Michael F -- None Available
Elhaje Michael $215,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2017 03/15/17 Sold $225,000 -10.0% $92 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/05/2016 12/05/16 For Sale $249,900 -- $102 / 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 $8,135 $154,700 $0 $0
2024 $8,135 $145,600 $0 $0
2023 $7,234 $129,600 $0 $0
2022 $8,328 $142,200 $0 $0
2021 $8,534 $133,800 $0 $0
2019 $8,416 $118,800 $0 $0
2018 $7,303 $109,500 $0 $0
2017 $1,379 $105,000 $0 $0
2016 $5,543 $102,500 $0 $0
2015 $8,501 $108,700 $0 $0
2013 $8,235 $82,350 $0 $0
2011 -- $86,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Ferris

    Seller's Agent in 2017

    James Ferris

    RE/MAX

    (313) 999-4266

    1 in this area

    182 Total Sales

    James Ferris
    Section Image
  • Holly Abdullah

    Buyer's Agent in 2017

    Holly Abdullah

    Century 21 Curran & Oberski

    (313) 559-0955

    15 Total Sales

    Holly Abdullah
    Section Image
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Map

Source: Realcomp

MLS Number: 216114224

Realcomp

APN: 32-09-212-12-017

Michigan Wayne County Dearborn 48124 Riverbend

22508 Law St, Dearborn, MI

This home is located at 22508 Law St, Dearborn, MI 48124 since 05 December 2016 and is currently estimated at $462,609, approximately $188 per square foot. This property was built in 1931. 22508 Law St is a home located in Wayne County with nearby schools including Howard Elementary School, Bryant Middle School, and Dearborn High School.

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

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