NOT LISTED FOR SALE

2506 W Philadelphia St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $250,000 - $404,077

8 Beds
4 Baths
3,552 Sq Ft
$96/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $330,000 $93 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,249/month

152 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 2 Car Detached Garage
  • Cass Technical High School Rated 10
  • Balcony
  • Porch

About This Home

As of January 2023

RARE Opportunity - live in one unit and rent out the other to cover your mortgage payment! Upper & lower unit – Each with 4 beds/2 full baths! Estimated projected rental income is $2000 per month from EACH unit! Located in the beautiful La Salle Gardens area neighboring Virginia Park and just blocks away from Henry Ford Hospital. This property was carefully rehabbed with permits pulled and features tons of updates, including a brand new roof, new furnaces and HWTs. Each unit is identical in floorplan and has beautiful open floorplans with refinished hardwood floors, paint, doors, fixtures, new bathrooms w/tile showers, & new kitchens with shaker cabinets and granite countertops. 2 car garage. Separate utilities. Experience the renaissance that is going on in this hot area with several houses already rehabbed on this street.

Last Agent to Sell the Property

Jolene Jacobs

Good Company License #6501393842 Listed on: 07/28/2022

Good Company

Last Buyer's Agent

Varinder Dhawan

Sohi Realty LLC License #6501416023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2022

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 128.00
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Porch

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Dorans La Salle Blvd Annex Subdivision

Listing and Financial Details

  • Assessor Parcel Number W10I001817S

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,679

Year Built

Built in 1923 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Traditional
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 34000.0000
  • Year Renovated: 2022
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Room Count: 18
  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3552
  • Total Sq Ft: 3552
  • Sq Ft Total Bsmt: 1776

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Balcony, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 128.00
  • Parcel Number: W10I001817S

Tax Info

  • Tax Amount Summer: 2357.0000
  • Tax Amount Winter: 322.0000
  • Total Tax: 2679.0000
  • Taxable Value: 34000.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Jan 6, 2023
Sold by
Salkhadi Sam
Bought by
Lin Cui Li and Chang Yi Chian
Seller's Agent
Jolene Jacobs
Good Company
Buyer's Agent
Varinder Dhawan
Sohi Realty LLC
List Price
$399,900
Sold Price
$330,000
Premium/Discount to List
-$69,900
-17.48%
Views
40
Current Estimated Value
$339,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,269
Avg. Annual Appreciation
2.44%

Purchase Details

Closed on
Feb 26, 2019
Sold by
The Detroit Land Bank Authority
Bought by
Alsalkhadi Bassam Al

Purchase Details

Closed on
Oct 30, 2014
Sold by
City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr

Purchase Details

Closed on
Nov 16, 2009
Sold by
Moore Danny
Bought by
Making It Happen Group Llc

Purchase Details

Closed on
Mar 3, 2009
Sold by
Marble Corey
Bought by
Moore Danny

Purchase Details

Closed on
Jan 15, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Marble Corey

Purchase Details

Closed on
Oct 6, 2006
Sold by
Option One Mortgage Corp
Bought by
Deutsche Bank National Trust Co and Mortgage Pass Through Certificates Serie

Purchase Details

Closed on
Oct 4, 2006
Sold by
Jackson Sterling
Bought by
Option One Mortgage Corp

Purchase Details

Closed on
Jul 12, 2002
Sold by
Smith Birdie M and Cannon Warren G
Bought by
Jackson Sterling
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
Lin Cui Li $330,000 --
Lin Cui Li $330,000 None Listed On Document
Alsalkhadi Bassam Al $1,100 None Available
The Detroit Land Bank Authority -- None Available
Planning & Development Dept City Of Detr -- None Available
Making It Happen Group Llc -- None Available
Moore Danny -- None Available
Marble Corey $3,500 Attorneys Title Agency Llc
Deutsche Bank National Trust Co -- None Available
Option One Mortgage Corp $76,250 None Available
Jackson Sterling $77,000 Title Giant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Sterling $110,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $330,000 -5.7% $93 / Sq Ft
12/27/2022 12/27/22 Pending -- -- --
09/29/2022 09/29/22 Price Changed $350,000 -6.7% $99 / Sq Ft
08/10/2022 08/10/22 Price Changed $375,000 -6.2% $106 / Sq Ft
07/28/2022 07/28/22 For Sale $399,900 -- $113 / 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 $4,851 $92,300 $0 $0
2024 $4,851 $64,400 $0 $0
2023 $3,079 $52,200 $0 $0
2022 $3,310 $44,500 $0 $0
2021 $3,208 $34,000 $0 $0
2020 $3,859 $40,900 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $340 $0 $0 $0
2015 $628 $6,300 $0 $0
2013 $1,739 $17,394 $0 $0
2010 -- $24,922 $1,071 $23,851
Source: Public Records

Agents Affiliated with this Home

  • Jolene Jacobs

    Seller's Agent in 2023

    Jolene Jacobs

    Good Company

    (248) 212-7493

    1 in this area

    367 Total Sales

    Jolene Jacobs
    Section Image
  • Varinder Dhawan

    Buyer's Agent in 2023

    Varinder Dhawan

    Sohi Realty LLC

    (734) 272-7965

    1 in this area

    19 Total Sales

    Varinder Dhawan
    Section Image
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Map

Source: Realcomp

MLS Number: 20221024021

Realcomp

APN: 10-001817

Michigan Wayne County Detroit 48206 Virginia Park Community

2506 W Philadelphia St, Detroit, MI

This home is located at 2506 W Philadelphia St, Detroit, MI 48206 since 28 July 2022 and is currently estimated at $339,269, approximately $95 per square foot. This property was built in 1923. 2506 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.

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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