$38,000
SOLD DEC 5, 2016

23725 Lexington Ave Eastpointe, MI 48021

2 Beds
1 Bath
1,104 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$34 Per Sq Ft

31% Below List Price

60 Days on Market

Highlights

  • No HOA
  • Bungalow
  • 2-minute walk to Shamrock Park
  • Porch
  • Forced Air Heating System

About This Home

As of December 2016

ATTN Homeowners and investors this is the rare gem you have been looking for. Great for handy homeowners or investors looking for serious cash flow. Add some fresh flooring, paint, a new tub and a few other things and this home is ready for your family or tenants. Super cute - must see it in person - 3 bedroom 1 bath vinyl sided bungalow with a beautiful privacy tree in the front and a great backyard. Nice size rooms offer great living space and the kitchen is ready for the cook in the family. Located on a quiet street on a solid block in a good neighborhood with super easy access to main streets and highways making getting around or downtown quickly a snap. Great ROI for the savy investor. Home sold as-is the buyer is responsable for all city inspections and certifications. For investors looking for a local team selling brokers full service property management team may waive 1st year management fees. Selling broker member of selling LLC.

Last Agent to Sell the Property

Scott MacDonald

Tradewinds Development Group, LLC License #6502393811 Listed on: 09/12/2016

Last Buyer's Agent

James Keefer

EXP Realty LLC License #RCO-6501395432

EXP Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Home Design

  • Bungalow
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,104 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Porch
  • Lot Dimensions are 40 x 132

Community Details

  • No Home Owners Association
  • Rudowski's Greenlawn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1429402034

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 31.18
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Sq Ft Combined: 1104
  • Total Sq Ft: 1104

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Slab
  • Construction Materials: Aluminum, Vinyl
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Eastpointe Community Schools

Lot Info

  • Lot Dimensions: 40 x 132
  • Parcel Number: 1429402034

Tax Info

  • Tax Amount Summer: 1064.0000
  • Tax Amount Winter: 75.0000
  • Total Tax: 1139.0000

MLS Schools

  • School District: Eastpointe Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2025
Sold by
Detroit Sfr Portfolio 1 Llc and Mdmi Sfr Portfolio 2 Llc
Bought by
Rjparian Mdmi Sfr Portfolio 3 Llc
Current Estimated Value
$130,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Outstanding Balance
$9,956,210
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$9,827,031

Purchase Details

Closed on
Jun 11, 2019
Sold by
Djbr Group Llc
Bought by
Rp Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,814,200
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2017
Sold by
Djbr Llc
Bought by
Djbr Group Llc

Purchase Details

Closed on
Feb 10, 2017
Sold by
H & J Solutions Llc
Bought by
Djbr Llc

Purchase Details

Listed on
Sep 12, 2016
Closed on
Dec 6, 2016
Sold by
Tradewinds Developmeni Group Llc
Bought by
Ii & J Solutions Llc
Seller's Agent
Scott MacDonald
Tradewinds Development Group, LLC
Buyer's Agent
James Keefer
EXP Realty LLC
List Price
$54,900
Sold Price
$38,000
Premium/Discount to List
-$16,900
-30.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.16%

Purchase Details

Closed on
Aug 29, 2016
Sold by
Wilmington Trust National Assn
Bought by
Tradewinds Development Group Llc

Purchase Details

Closed on
Sep 11, 2015
Sold by
Szpont Brian G and Szpont Shannon M
Bought by
Wilmington Trust National Association and Citibank Na

Purchase Details

Closed on
Jul 30, 2014
Sold by
Szpont Shannon M
Bought by
Szpont Brian G
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $38,000 Leading Edge Title Agency
Quit Claim Deed $27,325 Premium Title Services Inc
Sheriffs Deed $58,334 Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000,000 New Conventional
Previous Owner $4,550,000 Commercial
Previous Owner $2,814,200 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Rented $1,250 0.0% --
05/28/2021 05/28/21 Under Contract -- -- --
04/12/2021 04/12/21 Price Changed $1,250 -7.4% $1 / Sq Ft
02/25/2021 02/25/21 For Rent $1,350 0.0% --
12/05/2016 12/05/16 Sold $38,000 -4.8% $34 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
11/09/2016 11/09/16 Price Changed $39,900 -20.0% $36 / Sq Ft
10/03/2016 10/03/16 Price Changed $49,900 -9.1% $45 / Sq Ft
09/12/2016 09/12/16 For Sale $54,900 -- $50 / 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 $4,979 $49,700 $0 $0
2024 $4,124 $47,900 $0 $0
2023 $3,308 $42,800 $0 $0
2022 $2,037 $36,700 $0 $0
2021 $2,005 $32,700 $0 $0
2020 $1,932 $30,000 $0 $0
2019 $1,925 $26,400 $0 $0
2018 $1,967 $22,020 $0 $0
2017 $1,840 $19,680 $3,070 $16,610
2016 $1,327 $19,680 $0 $0
2015 $814 $17,790 $0 $0
2013 $888 $16,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216089253

Realcomp

APN: 02-14-29-402-034