NOT LISTED FOR SALE

Estimated Value: $268,711 - $531,000

4 Beds
4 Baths
2,246 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 27, 2013

Last sale price $125,000 $56 Per Sq Ft

Est. 231% increase in value since last sale

Current estimated payment $2,388/month

428 Days on Market

Highlights

  • 0.24 Acre Lot
  • Forced Air Heating and Cooling System
  • 2-minute walk to Roosevelt Park
  • Cass Technical High School Rated 10

About This Home

As of September 2013

Attention investors! Rare opportunity to buy a duplex property in Corktown! Brand new construction built in 2010. 2 units with 2 BR 1.5 BA, large bedrooms with big walk-in closets, brand new kitchen and baths! 24 hour notice to show, please.

Last Agent to Sell the Property

Lauren Bruyninga

O'Connor Realty Detroit, LLC License #6501319368 Listed on: 04/26/2012

Co-Listed By

Ryan Cooley

O'Connor Realty Detroit, LLC License #6501329357

Last Buyer's Agent

Lin Howe

Howe Team, Inc License #6501374520

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 2010

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2,246 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Plat Of Pt Of Peter Godfroy Farm Pc 726 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W10I004804S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$737

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: YES
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 2246
  • Total Sq Ft: 2246

Exterior Features

  • Foundation Details: Basement
  • Frontage Feet: 45
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 707917.0000
  • Lot Size Area: 0.24
  • Lot Dimensions: 45 X IRREG
  • Parcel Number: W10I004804S
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 750

Tax Info

  • Tax Amount Summer: 698.0000
  • Tax Amount Winter: 39.0000
  • Total Tax: 737.0000

Multi Family

  • Gross Scheduled Income: 9000.00
  • 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
Apr 26, 2012
Closed on
Sep 27, 2013
Sold by
Cardinal Sandra and Stocks Fred
Bought by
Franklin Kyle D
Seller's Agent
Lauren Bruyninga
O'Connor Realty Detroit, LLC
Buyer's Agent
Lin Howe
Howe Team, Inc
List Price
$169,900
Sold Price
$125,000
Premium/Discount to List
-$44,900
-26.43%
Total Days on Market
428
Current Estimated Value
$413,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,428
Avg. Annual Appreciation
7.83%
Original Mortgage
$100,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

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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
Franklin Kyle D $135,000 Lamont Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Kyle D $197,000
Closed Franklin Kyle D $126,000
Previous Owner Franklin Kyle D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2013 09/27/13 Sold $125,000 -26.4% $56 / Sq Ft
06/28/2013 06/28/13 Pending -- -- --
04/26/2012 04/26/12 For Sale $169,900 -- $76 / 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
2024 $798 $211,900 $0 $0
2023 $1,018 $169,700 $0 $0
2022 $1,099 $62,200 $0 $0
2021 $1,075 $34,900 $0 $0
2020 $1,065 $31,000 $0 $0
2019 $1,052 $25,000 $0 $0
2018 $922 $14,300 $0 $0
2017 $184 $12,300 $0 $0
2016 $1,020 $77,100 $0 $0
2015 $1,010 $10,100 $0 $0
2013 $485 $11,228 $0 $0
2010 -- $16,087 $563 $15,524
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 212042133

Realcomp

APN: 10-004804