NOT LISTED FOR SALE

26228 Gibraltar Rd Flat Rock, MI 48134

Downtown Flat Rock Neighborhood

Estimated Value: $288,346 - $345,000

5 Beds
4 Baths
2,197 Sq Ft
$142/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $270,000 $123 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,044/month

76 Days on Market

Highlights

  • Porch
  • Private Entrance
  • High Speed Internet
  • Forced Air Heating System
  • Laundry Facilities
  • 5-minute walk to Huroc Park

About This Home

As of September 2022

Very nice low maintenance buildings and apartments. GREAT tenants. Each building has a single furnace, hot water tank, electric meters, gas meters. Each apartment has its own window a/c units. Each unit has separate entrances. 3 of 4 units fully updated in 2018. Exterior updated 2017/2018. Coin operated washer/dryer in basement of front building. 1.5 car garage not assigned. Property listed by city as residential, but is considered by city as Residential - NON CONFORMING. This is important for financing / insurance purposes ALL Appointments to be made with listing agent and to be held one day per week so as to not inconvenience tenants.

Last Agent to Sell the Property

Dave Moody

Reality Real Estate Professionals License #6504400481 Listed on: 04/27/2022

Last Buyer's Agent

Chris Bujaki

EXP Realty License #RCO-6501397313

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 66.00x149.00
  • Private Entrance
  • Fenced

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 2,197 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Unassigned Parking

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 58094030209000
  • $5,400 Seller Concession

Community Details

Overview

  • 4 Units
  • Assr's Flat Rock Plat No 5 Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,861

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 59.36
  • Year Built: 9999
  • State Equalized Value: 79200.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility, Cable Available
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 2197

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry, Fenced
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • Lot Size Area: 0.23
  • Lot Dimensions: 66.00X149.00
  • Parcel Number: 58094030209000
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Electric, Int Maint W/Deduct, Water/Sewer, Snow Removal, Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3150

Tax Info

  • Tax Amount Summer: 3433.0000
  • Tax Amount Winter: 1428.0000
  • Total Tax: 4861.0000
  • Taxable Value: 66015.0000

Multi Family

  • Gross Scheduled Income: 37800.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Flat Rock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Sep 13, 2022
Sold by
Sbonek Christopher
Bought by
26228 Gibraltar Llc
Seller's Agent
Dave Moody
Reality Real Estate Professionals
Buyer's Agent
Chris Bujaki
EXP Realty
List Price
$2,750,000
Sold Price
$270,000
Premium/Discount to List
-$2,480,000
-90.18%
Current Estimated Value
$312,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,087
Avg. Annual Appreciation
4.38%
Original Mortgage
$202,500
Outstanding Balance
$193,123
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$118,964

Purchase Details

Listed on
Apr 27, 2022
Closed on
Sep 1, 2022
Sold by
Gibraltar Rd Llc
Bought by
Sbonek Christopher
Seller's Agent
Dave Moody
Reality Real Estate Professionals
Buyer's Agent
Chris Bujaki
EXP Realty
List Price
$2,750,000
Sold Price
$270,000
Premium/Discount to List
-$2,480,000
-90.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Outstanding Balance
$193,123
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$118,964

Purchase Details

Listed on
Apr 27, 2022
Closed on
Aug 19, 2022
Sold by
Hanchett Michael O
Bought by
Gibraltar Rd Llc
Seller's Agent
Dave Moody
Reality Real Estate Professionals
Buyer's Agent
Chris Bujaki
EXP Realty
List Price
$2,750,000
Sold Price
$270,000
Premium/Discount to List
-$2,480,000
-90.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Outstanding Balance
$193,123
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$118,964

Purchase Details

Closed on
Oct 14, 2020
Sold by
Bills Martin
Bought by
Gibraltar Rd Llc

Purchase Details

Closed on
Feb 24, 2017
Sold by
Carlisle Paul D
Bought by
Bills Martin

Purchase Details

Closed on
Nov 4, 2011
Sold by
Grybel Edward W and Grybel Phyllis
Bought by
Carlisle Paul D

Purchase Details

Closed on
Oct 25, 2011
Sold by
Grybel Edward W and Grybel Phyllis E
Bought by
Grybel Edward W and Grybel Phyllis E

Purchase Details

Closed on
Sep 8, 2009
Sold by
Varney Edward and Varney Theresa
Bought by
Grybel Edward and Grybel Phyllis

Purchase Details

Closed on
Aug 13, 2004
Sold by
Grybel Edward M and Grybel Phyllis E
Bought by
Varney Doug

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
26228 Gibraltar Llc -- Michigan Title Insurance Agenc
Sbonek Christopher $270,000 --
Gibraltar Rd Llc -- --
Gibraltar Rd Llc -- None Available
Bills Martin $125,000 None Available
Bills Martin -- None Available
Carlisle Paul D $36,500 Reputation First Title Agenc
Grybel Edward W -- None Available
Grybel Edward -- None Available
Varney Doug $150,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sbonek Christopher $202,500
Previous Owner Varney Doug $130,000
Closed Bills Martin $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold $270,000 -1.8% $123 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
05/17/2022 05/17/22 Price Changed $274,900 0.0% $125 / Sq Ft
04/27/2022 04/27/22 Price Changed $275,000 -90.0% $125 / Sq Ft
04/27/2022 04/27/22 For Sale $2,750,000 -- $1,252 / 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 $4,945 $105,900 $0 $0
2024 $4,801 $95,800 $0 $0
2023 $4,577 $88,100 $0 $0
2022 $5,005 $82,800 $0 $0
2021 $4,861 $79,200 $0 $0
2020 $4,797 $72,300 $0 $0
2019 $4,697 $65,600 $0 $0
2018 $3,273 $62,300 $0 $0
2017 $2,399 $62,800 $0 $0
2016 $3,997 $59,800 $0 $0
2015 $5,440 $58,100 $0 $0
2013 $5,270 $52,700 $0 $0
2012 $2,875 $58,600 $19,300 $39,300
Source: Public Records

Agents Affiliated with this Home

  • Dave Moody

    Seller's Agent in 2022

    Dave Moody

    Reality Real Estate Professionals

    (734) 362-9511

    1 in this area

    38 Total Sales

    Dave Moody
    Section Image
  • Chris Bujaki

    Buyer's Agent in 2022

    Chris Bujaki

    EXP Realty

    (734) 771-5869

    1 in this area

    81 Total Sales

    Chris Bujaki
    Section Image
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Map

Source: Realcomp

MLS Number: 2220030614

Realcomp

APN: 58-094-03-0209-000

Michigan Wayne County Flat Rock 48134 Downtown Flat Rock

26228 Gibraltar Rd, Flat Rock, MI

Not Listed for Sale

MultiFamily

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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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