NOT LISTED FOR SALE

2374 Cabot St Detroit, MI 48209

Springwells Neighborhood

Estimated Value: $155,000 - $253,000

4 Beds
2 Baths
2,032 Sq Ft
$95/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $158,000 $78 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,147/month

60 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • Private Entrance
  • Cass Technical High School Rated 10

About This Home

As of July 2023

Move in ready!!!

2 seperate units, each beautifully renovated! 2 bedrooms and 1 bath each. Similar floorplan side by side. Great opportunity for a first time investment property; live in one and rent the other! Seasoned investors will love this deal as well!

Last Agent to Sell the Property

Ashley Najarian

RE/MAX Dream Properties License #6501407169 Listed on: 05/01/2023

RE/MAX Dream Properties

Last Buyer's Agent

Herman Ruiz

Power House Group Realty License #6501440940

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00 x 100.00
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,032 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W20I007711S

Community Details

Overview

  • 2 Units
  • Harrahs Toledo Ave Sub Of Lot 2 P C 60 E Woodmere Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,437

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1924
  • State Equalized Value: 31700.0000
  • Pets Allowed: Yes
  • 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: 2032
  • Total Sq Ft: 2032
  • Sq Ft Total Bsmt: 1016

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00 x 100.00
  • Parcel Number: W20I007711S
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1700

Tax Info

  • Tax Amount Summer: 1290.0000
  • Tax Amount Winter: 147.0000
  • Total Tax: 1437.0000
  • Taxable Value: 15628.0000

Multi Family

  • Gross Scheduled Income: 20400.00
  • 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
Jun 16, 2014
Closed on
Jul 18, 2014
Sold by
2374 Cabot Llc
Bought by
Sanchez Connie Ann
Seller's Agent
Sherri Saad
RE/MAX Leading Edge
Buyer's Agent
Sherri Saad
RE/MAX Leading Edge
List Price
$22,900
Sold Price
$18,000
Premium/Discount to List
-$4,900
-21.4%
Current Estimated Value
$166,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,140
Avg. Annual Appreciation
23.88%

Purchase Details

Closed on
Oct 30, 2013
Sold by
Tres Galanes Corporation
Bought by
2374 Cabot Llc

Purchase Details

Closed on
Nov 13, 2006
Sold by
Innovative Property Solutions
Bought by
Tres Galanes Corp

Purchase Details

Closed on
Oct 31, 2006
Sold by
Nicks Edwin Dewayne and Nicks Karen
Bought by
Innovative Property Solutions Inc
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
Sanchez Connie Ann $18,000 None Available
2374 Cabot Llc -- None Available
Tres Galanes Corp $25,000 Golden Title
Innovative Property Solutions Inc $9,000 Golden Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Emily $134,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $158,000 -6.0% $78 / Sq Ft
07/01/2023 07/01/23 Pending -- -- --
06/01/2023 06/01/23 Price Changed $168,000 +6.3% $83 / Sq Ft
05/01/2023 05/01/23 For Sale $158,000 +777.8% $78 / Sq Ft
07/18/2014 07/18/14 Sold $18,000 -21.4% $9 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $22,900 -- $11 / 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 $2,852 $57,100 $0 $0
2024 $2,852 $47,000 $0 $0
2023 $1,603 $36,700 $0 $0
2022 $1,706 $31,700 $0 $0
2021 $1,661 $25,900 $0 $0
2020 $1,660 $22,900 $0 $0
2019 $1,503 $17,500 $0 $0
2018 $1,311 $14,300 $0 $0
2017 $267 $14,100 $0 $0
2016 $1,482 $15,100 $0 $0
2015 $1,510 $15,100 $0 $0
2013 $1,678 $16,775 $0 $0
2010 -- $24,036 $521 $23,515
Source: Public Records

Agents Affiliated with this Home

  • Ashley Najarian

    Seller's Agent in 2023

    Ashley Najarian

    RE/MAX Dream Properties

    (313) 686-9909

    3 in this area

    151 Total Sales

    Section Image

  • H

    Buyer's Agent in 2023

    Herman Ruiz

    Power House Group Realty

    Section Image
  • Sherri Saad

    Seller's Agent in 2014

    Sherri Saad

    RE/MAX

    (313) 598-5322

    9 in this area

    555 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230032420

Realcomp

APN: 20-007711

Michigan Wayne County Detroit 48209 Springwells

2374 Cabot St, Detroit, MI

This home is located at 2374 Cabot St, Detroit, MI 48209 since 01 May 2023 and is currently estimated at $192,716, approximately $94 per square foot. This property was built in 1924. 2374 Cabot St is a home located in Wayne County with nearby schools including Harms Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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