NOT LISTED FOR SALE

Estimated Value: $220,000 - $551,720

7 Beds
5 Baths
3,365 Sq Ft
$109/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $550,000 $163 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $2,021/month

43 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Awning
  • Cass Technical High School Rated 10
  • Tankless Water Heater
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Step inside to discover new vinyl flooring throughout, complemented by high-end lighting fixtures that illuminate the space beautifully. The kitchen is adorned with sleek granite countertops and brand-new cabinets, offering both style and functionality. Indulge in luxurious showers with high-end shower heads, and pamper yourself in the updated bathrooms featuring Bluetooth-enabled mirrors atop new vanities.Enjoy the convenience of all-new appliances and bask in plenty of natural sunlight streaming through the windows. Step out onto the balcony to soak in the serene ambiance during beautiful evenings.Notably, two units are currently utilized as Airbnb rentals, yielding impressive residuals. Whether you're seeking a primary residence or a lucrative investment opportunity, this property offers endless possibilities.A short distance from Downtown Detroit, Belle Isle island, Midtown , Corktown and the Marina DistrictDon't miss out—schedule a showing today to experience the charm and potential of this remarkable home firsthand!

Last Agent to Sell the Property

Damian Hickman

EXP Realty Main License #6501363263 Listed on: 03/16/2024

EXP Realty Main

Last Buyer's Agent

Zachary Lewy

Real Estate One Clarkston License #6501407954

Real Estate One Clarkston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913 | Remodeled in 2022

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00 x 115.00
  • Private Entrance

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 3,365 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W19I005522S

Community Details

Overview

  • 3 Units
  • Brandons Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$254

Year Built

Built in 1913 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex, Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Year Built: 1913
  • State Equalized Value: 33800.0000
  • Year Renovated: 2022
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3365
  • Total Sq Ft: 3365
  • Sq Ft Total Bsmt: 1300

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Exterior Features: Awning/Overhang(s), Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Tankless
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00 x 115.00
  • Parcel Number: W19I005522S
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 5782

Tax Info

  • Tax Amount Summer: 226.0000
  • Tax Amount Winter: 28.0000
  • Total Tax: 254.0000
  • Taxable Value: 2940.0000

Multi Family

  • Gross Scheduled Income: 69384.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2024
Closed on
May 31, 2024
Sold by
Garcia Maiquel
Bought by
Durrah Jacob
Seller's Agent
Damian Hickman
EXP Realty Main
Buyer's Agent
Zachary Lewy
Real Estate One Clarkston
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Views
144
Current Estimated Value
$366,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$183,427
Avg. Annual Appreciation
-18.74%
Original Mortgage
$535,000
Outstanding Balance
$530,644
Interest Rate
7.17%
Mortgage Type
FHA
Estimated Equity
-$106,277

Purchase Details

Closed on
Nov 5, 2020
Sold by
Detroit Land Bank Authority
Bought by
Garcia Maiquel

Purchase Details

Closed on
May 9, 2014
Sold by
The State Of Michigan
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Oct 5, 2012
Sold by
Wayne County Treasurer
Bought by
Michigan Land Bank Fast Track Auth
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
Durrah Jacob $550,000 None Listed On Document
Garcia Maiquel $10,200 Amrock Inc
Detroit Land Bank Authority -- None Available
Michigan Land Bank Fast Track Auth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durrah Jacob $535,000
Previous Owner Garcia Maiquel $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $550,000 -1.8% $163 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/19/2024 04/19/24 Price Changed $560,000 -11.1% $166 / Sq Ft
04/12/2024 04/12/24 Price Changed $630,000 -3.1% $187 / Sq Ft
03/16/2024 03/16/24 For Sale $650,000 -- $193 / 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 $333 $59,600 $0 $0
2024 $333 $44,700 $0 $0
2023 $566 $33,800 $0 $0
2022 $585 $2,800 $0 $0
2021 $78 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $645 $0 $0 $0
2013 $645 $6,733 $0 $0
2010 -- $9,871 $608 $9,263
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240016684

Realcomp

APN: 19-005522