NOT LISTED FOR SALE

Estimated Value: $59,000 - $149,901

4 Beds
2 Baths
1,968 Sq Ft
$44/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $61,500 $31 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $634/month

27 Days on Market

About This Home

As of March 2022

Here is your chance to purchase a fully performing rental property with great income. Each unit is currently at $850 per month. The property was renovated within the last 3 years. The buyer will receive a warranty deed, clear title, and title insurance. The buyer will pay a $495 transaction fee to Downtown Realty, no exceptions. Please do not disturb the tenant. No showings until we have an accepted offer.

Last Agent to Sell the Property

Guy Gailliard

Realtyflo Inc License #6501384815 Listed on: 02/08/2022

Last Buyer's Agent

Guy Gailliard

Realtyflo Inc License #6501384815 Listed on: 02/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1919

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x105.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,968 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Lyndale Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W10I001718S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$905

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1919
  • State Equalized Value: 14200.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1968
  • Total Sq Ft: 1968
  • Sq Ft Total Bsmt: 725

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Separate Meters
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X105.00
  • Parcel Number: W10I001718S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 1700

Tax Info

  • Tax Amount Summer: 830.0000
  • Tax Amount Winter: 75.0000
  • Total Tax: 905.0000
  • Taxable Value: 8063.0000

Multi Family

  • Gross Scheduled Income: 20400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • 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
May 18, 2021
Closed on
Jun 18, 2021
Sold by
Khtj Properties Llc
Bought by
Loan Queen Inc
Seller's Agent
Clayton Neal
KW Metro
Buyer's Agent
Clayton Neal
KW Metro
List Price
$79,900
Sold Price
$64,500
Premium/Discount to List
-$15,400
-19.27%
Current Estimated Value
$86,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,358
Avg. Annual Appreciation
7.62%

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 6, 2021
Sold by
Michigan First Credit Union
Bought by
Khtj Properties Llc and Neal Enterprises Llc
Seller's Agent
Mark Reling
MVPS Realtors
Buyer's Agent
Clayton Neal
KW Metro
List Price
$37,900
Sold Price
$28,000
Premium/Discount to List
-$9,900
-26.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7979.37%

Purchase Details

Closed on
Jul 18, 2019
Sold by
Shannon Patricia
Bought by
Michigan First Credit Union

Purchase Details

Closed on
Jan 20, 2011
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 19, 2011
Sold by
Shanon Patricia
Bought by
Wells Fargo Bank Na
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
Loan Queen Inc $64,500 None Available
Khtj Properties Llc $28,000 None Available
Michigan First Credit Union $17,222 None Available
Federal National Mortgage Association -- None Available
Wells Fargo Bank Na $4,050 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $61,500 +2.5% $31 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/03/2022 03/03/22 Price Changed $60,000 -18.4% $30 / Sq Ft
03/01/2022 03/01/22 For Sale $73,500 0.0% $37 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $73,500 +14.0% $37 / Sq Ft
06/18/2021 06/18/21 Sold $64,500 -7.7% $33 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/27/2021 05/27/21 Price Changed $69,900 -12.5% $36 / Sq Ft
05/18/2021 05/18/21 For Sale $79,900 +185.4% $41 / Sq Ft
04/09/2021 04/09/21 Sold $28,000 -26.1% $14 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $37,900 -- $19 / 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 $1,927 $34,600 $0 $0
2024 $1,927 $28,500 $0 $0
2023 $2,118 $23,100 $0 $0
2022 $1,957 $18,500 $0 $0
2021 $1,044 $14,200 $0 $0
2020 $1,044 $17,100 $0 $0
2019 $960 $13,200 $0 $0
2018 $858 $11,400 $0 $0
2017 $142 $11,500 $0 $0
2016 $931 $36,000 $0 $0
2015 $739 $7,800 $0 $0
2013 $716 $10,845 $0 $0
2010 -- $15,538 $424 $15,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220008563

Realcomp

APN: 10-001718