NOT LISTED FOR SALE

Estimated Value: $67,000 - $168,333

3 Beds
2 Baths
3,150 Sq Ft
$34/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $43,500 $14 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $753/month

5 Days on Market

Highlights

  • Balcony
  • Porch
  • Hot Water Heating System
  • Cass Technical High School Rated 10
  • Lobby

About This Home

As of March 2022

Calling all landlords and investors! Multi-family property with one-three (3) bedroom unit (upper level) and one-four (4) bedroom unit (lower level.) Both units are currently occupied (Section-8 tenants) with month-to-month leases at $700/month.

Last Agent to Sell the Property

Jolene Jacobs

Good Company License #6501393842 Listed on: 11/10/2021

Good Company

Co-Listed By

Myia Covington

Keller Williams Realty-Great Lakes License #6501425475

Last Buyer's Agent

Tiffany Brown Bell

KW Metro License #6501428879

KW Metro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 36.00x122.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 3,150 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W10I003961S

Community Details

Overview

  • 2 Units
  • Oakmans Robt Cherry Lane Subdivision

Amenities

  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1924
  • State Equalized Value: 16600.0000
  • Pets Allowed: Yes
  • 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: 3150
  • Total Sq Ft: 3150
  • Sq Ft Total Bsmt: 1350

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Foundation Materials: Block
  • Frontage Feet: 36
  • Porch Type: Balcony, Porch
  • Road Frontage Type: Pub. Sidewalk

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 36.00X122.00
  • Parcel Number: W10I003961S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 1506.0000
  • Tax Amount Winter: 140.0000
  • Total Tax: 1646.0000
  • Taxable Value: 14981.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2024
Sold by
Gonyoe Josephine T
Bought by
Goshen Ease Real Estate Llc
Current Estimated Value
$106,833

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
Outstanding Balance
$128,706
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
-$21,873

Purchase Details

Listed on
Nov 10, 2021
Closed on
Mar 11, 2022
Sold by
Michelle Hudson
Bought by
Gonyoe Josephine T
Seller's Agent
Jolene Jacobs
Good Company
Buyer's Agent
Tiffany Brown Bell
KW Metro
List Price
$49,000
Sold Price
$43,500
Premium/Discount to List
-$5,500
-11.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.05%

Purchase Details

Closed on
Sep 23, 2011
Sold by
Fannie Mae
Bought by
Hudson Michael

Purchase Details

Closed on
Jan 6, 2010
Sold by
Ekong Etim and Ekong Lavinia R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 1, 2006
Sold by
T Bag Holdings Llc
Bought by
Ekong Etim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 27, 2004
Sold by
Ekong Lavinia R
Bought by
T Bag Holdings Llc

Purchase Details

Closed on
Jan 16, 2004
Sold by
Johnson Brown Nevin M and Estate Of Naomi Ernestine Edwa
Bought by
Ekong Lavina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.91%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Goshen Ease Real Estate Llc -- Stewart Title
Goshen Ease Real Estate Llc -- Stewart Title
Gonyoe Josephine T $43,500 None Listed On Document
Hudson Michael $4,400 Etitle Agency Inc
Federal National Mortgage Association $71,455 None Available
Ekong Etim -- None Available
T Bag Holdings Llc -- --
Ekong Lavina R $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goshen Ease Real Estate Llc $130,000
Closed Goshen Ease Real Estate Llc $130,000
Previous Owner Ekong Etim $68,000
Previous Owner Ekong Lavina R $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $43,500 -11.2% $14 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $49,000 -- $16 / 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 $2,046 $36,400 $0 $0
2024 $2,046 $30,800 $0 $0
2023 $2,234 $24,600 $0 $0
2022 $1,893 $20,400 $0 $0
2021 $1,648 $16,600 $0 $0
2020 $1,647 $15,400 $0 $0
2019 $1,623 $14,500 $0 $0
2018 $1,442 $14,400 $0 $0
2017 $266 $14,800 $0 $0
2016 $1,577 $34,100 $0 $0
2015 $1,460 $14,600 $0 $0
2013 $2,029 $20,288 $0 $0
2010 -- $29,069 $1,020 $28,049
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210090430

Realcomp

APN: 10-003961