NOT LISTED FOR SALE

2447 W Philadelphia St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $87,000 - $241,587

3 Beds
5 Baths
3,610 Sq Ft
$44/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $65,000 $18 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $995/month

129 Days on Market

About This Home

As of September 2022

INVESTMENT OPPORTUNITY-BACK ON MARKET
*BUYER UNABLE TO SECURE HARD MONEY LENDER*
This 2 story fully brick multifamily home is an advanced investors dream in an up and coming area.
With over 3,000 sq. ft. this property is located on the same street as Aretha Franklin's Home Church New Bethel Baptist Church. This property boast a top level with 4 spacious bedrooms, a large living room, separate dining room, Kitchen and 2 full baths. The lower unit has 3 large bedrooms Spacious living room, dining room and kitchen with 2 full baths. Basement contains a 1 bedroom 1 full bath unit as well.
The property is a 4 minute drive to Henry Ford Hospital, 8 Minute drive to Wayne State University.
House will need a FULL REHAB. There are no utilities on and there hasn't been in years so house does reflect that.
Home will be sold AS-IS. Seller to pay past water bill of $1400. No back taxes are due. TITLE IS CLEAR
BATVAI. Seller is Motivated

*Agent is related to seller

Last Agent to Sell the Property

Sandra Peterson

EXP Realty Main License #6501416467 Listed on: 04/11/2022

EXP Realty Main

Last Buyer's Agent

Simone Martens

Key Realty License #6501434104

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45.00x128.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 5 Full Bathrooms
  • 3,610 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W10I001761S

Community Details

Overview

  • 2 Units
  • Dorans La Salle Blvd Annex Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,276

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 17600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3610
  • Total Sq Ft: 3610
  • Sq Ft Total Bsmt: 1800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Foundation Materials: Block
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 45.00X128.00
  • Parcel Number: W10I001761S
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1164.0000
  • Tax Amount Winter: 112.0000
  • Total Tax: 1276.0000
  • Taxable Value: 11790.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2023
Sold by
Gil Services Llc
Bought by
Manzura Homes Llc
Current Estimated Value
$158,897

Purchase Details

Listed on
Apr 11, 2022
Closed on
Sep 14, 2022
Sold by
Lewis Selathia J
Bought by
Gil Services Llc
Seller's Agent
Sandra Peterson
EXP Realty Main
Buyer's Agent
Simone Martens
Key Realty
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.44%

Purchase Details

Closed on
Feb 10, 2022
Sold by
Lewis Selathia J
Bought by
Lewis Selathia J

Purchase Details

Closed on
Jan 16, 2019
Sold by
The Detroit Land Bank Authority
Bought by
Johnson Selathia L

Purchase Details

Closed on
Apr 17, 2014
Sold by
City Of Detroit
Bought by
Johnson Selathia L

Purchase Details

Closed on
Jan 19, 2010
Sold by
Wojtowicz Raymond J
Bought by
Planning & Development Dept City Of Detr
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
Manzura Homes Llc -- None Listed On Document
Gil Services Llc $65,000 --
Lewis Selathia J -- None Listed On Document
Johnson Selathia L -- None Available
Johnson Selathia L $1,000 None Available
Planning & Development Dept City Of Detr -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $65,000 -13.3% $18 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $75,000 0.0% $21 / Sq Ft
07/29/2022 07/29/22 For Sale $75,000 -5.1% $21 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $79,000 -- $22 / 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 $1,780 $30,600 $0 $0
2024 $1,780 $25,100 $0 $0
2023 $1,742 $20,500 $0 $0
2022 $1,313 $19,100 $0 $0
2021 $460 $0 $0 $0
2020 $1,276 $17,600 $0 $0
2019 $1,259 $13,700 $0 $0
2018 $0 $11,300 $0 $0
2017 $211 $11,100 $0 $0
2016 $1,898 $25,400 $0 $0
2015 $1,226 $0 $0 $0
2013 $1,226 $0 $0 $0
2010 -- $32,196 $1,205 $30,991
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sandra Peterson

    EXP Realty Main

    Section Image

  • S

    Buyer's Agent in 2022

    Simone Martens

    Key Realty

    Section Image
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Map

Source: Realcomp

MLS Number: 2220021533

Realcomp

APN: 10-001761

Michigan Wayne County Detroit 48206 Virginia Park Community

2447 W Philadelphia St, Detroit, MI

This home is located at 2447 W Philadelphia St, Detroit, MI 48206 since 11 April 2022 and is currently estimated at $158,897, approximately $44 per square foot. This property was built in 1924. 2447 W Philadelphia St is a home located in Wayne County with nearby schools including Thirkell Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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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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