$17,000
SOLD MAY 26, 2017

2556 Marlborough St Detroit, MI 48215

Riverbend Neighborhood
4 Beds
2 Baths
2,276 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$7 Per Sq Ft

43% Below List Price

126 Days on Market

Highlights

  • Covered patio or porch
  • Balcony
  • Ceiling Fan
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of September 2021

Attention Investors! Beautiful, enormous upper and lower duplex with four pillar covered front porch and completely separate entrances. This duplex has obviously been loved through-out the years and now just needs a little TLC. Home is situated on a block with many new builds and is offering an unheard of 30% ROI and an NOI of almost $9,000 after management, taxes and insurance. Hardwood floors, claw foot tub and original wood trim with leaded glass windows are just some of the many features that make this house shine form the street and from inside. Tenant occupied - please do not disturb tenants. Showings will be facilitated during due diligence period and only after an agreed upon contract has been reached. Tenants will have vacated before the agreed upon possession date and the property will be sold as vacant.

Last Agent to Sell the Property

Brent Maxwell

Propfoxx License #6501345023 Listed on: 11/18/2016

Co-Listed By

Karen Munzinger

O'Connor Realty Detroit, LLC License #6501396047

Last Buyer's Agent

Nick Sloney

Century 21 Curran & Oberski License #RCO-5901398681

Century 21 Curran & Oberski

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x112.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,276 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Hutton & Nalls Highview Prk Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I059255S

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Daylight, Unfinished
  • Sq Ft Combined: 2276
  • Total Sq Ft: 2276
  • Sq Ft Total Bsmt: 750

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 12
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 373750.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X112.00
  • Parcel Number: W21I059255S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Monthly Rental Income: 1100

Tax Info

  • Tax Amount Summer: 682.0000
  • Tax Amount Winter: 50.0000
  • Total Tax: 732.0000

Multi Family

  • Gross Scheduled Income: 13200.00
  • Number Of Units Total: 2
  • Unit Count: 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 3, 2021
Closed on
Sep 2, 2021
Sold by
Kliemann Travis and Sloney Nicholas
Bought by
Bryant Timothy
Seller's Agent
Nick Sloney
Detroit Progress Realty LLC
Buyer's Agent
Nick Sloney
Century 21 Curran & Oberski
List Price
$149,900
Sold Price
$147,100
Premium/Discount to List
-$2,800
-1.87%
Current Estimated Value
$175,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,586
Avg. Annual Appreciation
1.05%
Original Mortgage
$125,035
Outstanding Balance
$115,348
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$37,875

Purchase Details

Closed on
Feb 9, 2018
Sold by
Kleimann Travis K
Bought by
Kleimann Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2016
Closed on
May 26, 2017
Sold by
Brown Andrew Shean
Bought by
Kliemann Travis
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Nick Sloney
Century 21 Curran & Oberski
List Price
$29,900
Sold Price
$17,000
Premium/Discount to List
-$12,900
-43.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.75%

Purchase Details

Listed on
Nov 18, 2016
Closed on
May 16, 2017
Sold by
Sanders Aaronetta D and Brown Andrew Shean
Bought by
Brown Andrew Shean
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Nick Sloney
Century 21 Curran & Oberski
List Price
$29,900
Sold Price
$17,000
Premium/Discount to List
-$12,900
-43.14%

Purchase Details

Closed on
Sep 26, 2011
Sold by
Brown Inita M and Sanders Aaronnetta D
Bought by
Brown Andrew Shean and Sanders Aaronnetta D
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
Warranty Deed $147,100 First American Title
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $17,000 None Available
Interfamily Deed Transfer -- Embassy Title Agency
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $125,035 New Conventional
Previous Owner $95,247 Credit Line Revolving
Previous Owner $46,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $147,100 -1.9% $65 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $149,900 +781.8% $66 / Sq Ft
05/26/2017 05/26/17 Sold $17,000 -43.1% $7 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
11/18/2016 11/18/16 For Sale $29,900 -- $13 / 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
2024 $1,271 $20,000 $0 $0
2023 $1,480 $15,700 $0 $0
2022 $1,572 $14,100 $0 $0
2021 $1,265 $10,600 $0 $0
2020 $1,291 $13,800 $0 $0
2019 $1,173 $12,200 $0 $0
2018 $1,133 $10,300 $0 $0
2017 $96 $10,600 $0 $0
2016 $739 $5,300 $0 $0
2015 $530 $5,300 $0 $0
2013 $624 $6,243 $0 $0
2010 -- $9,154 $434 $8,720
Source: Public Records

Agents Affiliated with this Home

  • Nick Sloney

    Seller's Agent in 2021

    Nick Sloney

    Detroit Progress Realty LLC

    (313) 757-5450

    1 in this area

    72 Total Sales

    Section Image

  • B

    Seller's Agent in 2017

    Brent Maxwell

    Propfoxx

    Section Image
  • Karen Munzinger

    Seller Co-Listing Agent in 2017

    Karen Munzinger

    O'Connor Realty Detroit, LLC

    (248) 227-7789

    9 Total Sales

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 216111135

Realcomp

APN: 21-059255

Michigan Wayne County Detroit 48215 Riverbend

2556 Marlborough St, Detroit, MI

This home is located at 2556 Marlborough St, Detroit, MI 48215 and is currently priced at $17,000, approximately $7 per square foot. This property was built in 1916. 2556 Marlborough St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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