$55,000
SOLD JUL 18, 2023
6 Beds
2 Baths
3,248 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$17 Per Sq Ft

39% Below List Price

94 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Hot Water Heating System

About This Home

As of December 2023

**INVESTORS** Make this 2-unit multi-family property your next income property! A fixer upper that features 2 units, 3 bedrooms and 1-bathroom, large living and dining rooms! Seller has begun some work to the plumbing in basement. Just blocks away from the Dexter Corridor, which is to be remodeled by the streetscape project and has already seen millions of dollars in private investment! A significant investment in the surrounding areas. Similar units rent thru section 8 for $1000-$1,200 a month. Great for passive income. We are priced to sale. Home being sold in AS-IS condition. Measurements are estimate. BATVAI

Last Agent to Sell the Property

Devon Adams

EXP Realty Main License #6501404178 Listed on: 03/13/2023

EXP Realty Main

Last Buyer's Agent

Heather Dell

RE/MAX Leading Edge License #6501269116

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 123.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 3,248 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Webb Avenue Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W10I003229S

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1925
  • State Equalized Value: 27300.0000
  • 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: 3248
  • Total Sq Ft: 3248
  • Sq Ft Total Bsmt: 1624

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 123.00
  • Parcel Number: W10I003229S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 2121.0000
  • Tax Amount Winter: 209.0000
  • Total Tax: 2330.0000
  • Taxable Value: 22829.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Nov 29, 2023
Sold by
G & E Investments Group Inc
Bought by
Olive House Group Llc
Seller's Agent
Heather Dell
RE/MAX Leading Edge
Buyer's Agent
Jennie Avis
Redfin Corporation
List Price
$198,777
Sold Price
$199,000
Premium/Discount to List
$223
0.11%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.32%
Original Mortgage
$159,200
Outstanding Balance
$157,268
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$37,452

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jul 18, 2023
Sold by
Hamilton Vernica
Bought by
G & E Investments Group Inc
Seller's Agent
Devon Adams
EXP Realty Main
Buyer's Agent
Heather Dell
RE/MAX Leading Edge
List Price
$90,000
Sold Price
$55,000
Premium/Discount to List
-$35,000
-38.89%
Views
331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3131.72%

Purchase Details

Closed on
Feb 3, 2023
Sold by
Johnson Gary and Johnson Angela
Bought by
Hamilton Vernica

Purchase Details

Closed on
Feb 28, 2020
Sold by
Mishra Pravan and Tripathi Sanchita
Bought by
Johnson Gary and Hamilton Angela

Purchase Details

Closed on
Apr 28, 2017
Sold by
Mpvb Properties Llc
Bought by
Mishra Pranav

Purchase Details

Closed on
Dec 1, 2016
Sold by
Sabree Eric R
Bought by
S Hagerman Motown Rentals Llc
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 $199,000 Liberty Title
Warranty Deed $55,000 None Listed On Document
Quit Claim Deed -- --
Warranty Deed $49,500 None Available
Warranty Deed $47,000 First American Title
Quit Claim Deed $4,100 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $159,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $224,900 +13.0% $69 / Sq Ft
12/01/2023 12/01/23 Sold $199,000 +0.1% $61 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $198,777 +261.4% $61 / Sq Ft
07/18/2023 07/18/23 Sold $55,000 -26.7% $17 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
05/12/2023 05/12/23 Price Changed $75,000 -16.7% $23 / Sq Ft
03/25/2023 03/25/23 For Sale $90,000 0.0% $28 / Sq Ft
03/25/2023 03/25/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $90,000 +80.4% $28 / Sq Ft
05/30/2020 05/30/20 Sold $49,900 -16.7% $15 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $59,900 -- $18 / 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 $3,241 $41,700 $0 $0
2023 $2,185 $33,300 $0 $0
2022 $2,336 $27,300 $0 $0
2021 $2,269 $22,100 $0 $0
2020 $2,280 $20,500 $0 $0
2019 $2,048 $19,300 $0 $0
2018 $1,849 $19,600 $0 $0
2017 $184 $20,100 $0 $0
2016 $1,195 $47,100 $0 $0
2015 $958 $11,300 $0 $0
2013 $928 $15,730 $0 $0
2010 -- $22,537 $1,139 $21,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230014872

Realcomp

APN: 10-003229