NOT LISTED FOR SALE

Estimated Value: $78,000 - $229,000

6 Beds
2 Baths
2,400 Sq Ft
$61/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $62,500 $26 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $974/month

15 Days on Market

About This Home

As of July 2022

INVESTOR OR HOUSE HACKING OPPORTUNITY AWAITS! THIS 2-STORY BRICK TWO FAMILY FLAT IN THE HEART OF LASALLE GARDENS HAS A GREAT AFTER REPAIR VALUE. BRING YOUR VISION AND YOUR FLASHLIGHT AS THIS PROPERTY NEEDS A TOTAL RENOVATION. LASALLE GARDENS IS A BEAUTIFUL MIX OF MANSIONS AND DUPLEXES. THE AREA IS SLATED FOR REVITALIZATION OF ROSA PARKS BLVD, A MIXED USE DEVELOPMENT AT THE NEARBY FORMER HOPE HOSPITAL SITE AND ACTIVATION OF RETAIL AT THE VIRGINIA PARK PLAZA AND PUBLIC SPACE AT GORDON AND PHILADELPHIA PARK. BRING A STRONG OFFER! LIABILITY WAIVER REQUIRED TO ENTER PROPERTY. ENTER AT YOUR OWN RISK. NO SELLER DISCLOSURES. SELLER HAS NEVER LIVED IN PROPERTY.

Last Agent to Sell the Property

Aisha Thomas

The Thomas Agency, LLC License #6502356737 Listed on: 05/21/2022

Last Buyer's Agent

Antoine Hayes

Antoine Hayes License #RCO-6504394080

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x121.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,400 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 W10I002370S

Community Details

Overview

  • 2 Units
  • Joy Farm Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,231

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 16700.0000
  • Pets Allowed: Yes
  • AgentOnly_ListPriceByAcre: 650000.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2400

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

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

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X121.00
  • Parcel Number: W10I002370S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2770

Tax Info

  • Tax Amount Summer: 1134.0000
  • Tax Amount Winter: 97.0000
  • Total Tax: 1231.0000
  • Taxable Value: 10203.0000

Multi Family

  • Gross Scheduled Income: 33240.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2022
Closed on
Jul 11, 2022
Sold by
Dara Parker Lakindra and Dara Dennis Lavoyd
Bought by
Kam Realty Group Llc
Seller's Agent
Aisha Thomas
The Thomas Agency, LLC
Buyer's Agent
Antoine Hayes
Antoine Hayes
List Price
$65,000
Sold Price
$62,500
Premium/Discount to List
-$2,500
-3.85%
Current Estimated Value
$146,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,836
Avg. Annual Appreciation
27.60%
Original Mortgage
$115,600
Outstanding Balance
$109,980
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$36,356

Purchase Details

Closed on
Feb 19, 2003
Sold by
Goldfarb Bonding Agency
Bought by
Parker Elizabeth
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
Kam Realty Group Llc $62,500 None Listed On Document
Parker Elizabeth -- Philip F Greco Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kam Realty Group Llc $115,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2022 07/11/22 Sold $62,500 -3.8% $26 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $65,000 -- $27 / 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 $2,513 $40,200 $0 $0
2024 $2,236 $33,300 $0 $0
2023 $2,419 $27,000 $0 $0
2022 $1,261 $21,700 $0 $0
2021 $1,231 $16,700 $0 $0
2020 $1,230 $20,000 $0 $0
2019 $1,214 $15,600 $0 $0
2018 $1,083 $12,900 $0 $0
2017 $179 $12,800 $0 $0
2016 $1,173 $29,900 $0 $0
2015 $934 $12,300 $0 $0
2013 $904 $17,129 $0 $0
2010 -- $24,543 $754 $23,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220039109

Realcomp

APN: 10-002370