NOT LISTED FOR SALE

2702 Sturtevant St Detroit, MI 48206

Dexter-Linwood Neighborhood

Estimated Value: $15,680 - $210,000

4 Beds
4 Baths
5,280 Sq Ft
$17/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $12,000 $2 Per Sq Ft

Est. 643% increase in value since last sale

Current estimated payment $478/month

89 Days on Market

About This Home

As of August 2021

Great for experienced investors. Looking for a buyer to rehab this multi-family home. It features 4 large units, each contains 2 bedroom and one bath. The seller is the Detroit Land Bank Authority. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. Please see attached documents for DLBA requirements. The seller is the Detroit Land Bank Authority BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 12/23/2020

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 12/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $60

Year Built

  • Built in 1924

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 53.00x121.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4 Full Bathrooms
  • 5,280 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Linwood Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W10I003726S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$60

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5280
  • Total Sq Ft: 5280
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 53
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 114285.7100
  • Lot Size Area: 0.14
  • Lot Dimensions: 53.00X121.00
  • Parcel Number: W10I003726S
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2020
Closed on
Aug 11, 2021
Sold by
Detroit Land Bank Authority
Bought by
New Detroit Housing Llc
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$16,000
Sold Price
$12,000
Premium/Discount to List
-$4,000
-25%
Current Estimated Value
$89,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,170
Avg. Annual Appreciation
61.39%

Purchase Details

Closed on
Jun 10, 2015
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr

Purchase Details

Closed on
Mar 22, 2007
Sold by
Charter County Of Wayne
Bought by
Nakamura Investments Llc

Purchase Details

Closed on
May 29, 2003
Sold by
Howard Alice and Hicks Angela
Bought by
Swint Audra
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
New Detroit Housing Llc $12,000 None Available
The Detroit Land Bank Authority -- Attorney
Planning & Development Dept City Of Detr -- None Available
Nakamura Investments Llc -- None Available
Swint Audra $120,000 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2021 08/05/21 Sold $12,000 -25.0% $2 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
12/23/2020 12/23/20 For Sale $16,000 -- $3 / 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 $60 $1,500 $0 $0
2024 $60 $800 $0 $0
2023 $62 $800 $0 $0
2022 $70 $800 $0 $0
2021 $125 $0 $0 $0
2020 $2,681 $0 $0 $0
2019 $2,681 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,030 $0 $0 $0
2016 $340 $0 $0 $0
2015 $1,030 $10,300 $0 $0
2013 $2,390 $23,903 $0 $0
2010 -- $34,249 $1,483 $32,766
Source: Public Records

Agents Affiliated with this Home

  • Leonard Pickett

    Seller's Agent in 2021

    Leonard Pickett

    RCH Brokerage Legacy Inc

    (313) 510-7887

    8 in this area

    174 Total Sales

    Leonard Pickett
    Section Image
  • Clarence Wilson

    Seller Co-Listing Agent in 2021

    Clarence Wilson

    RCH Brokerage Legacy Inc

    (313) 467-0009

    9 in this area

    228 Total Sales

    Clarence Wilson
    Section Image
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Map

Source: Realcomp

MLS Number: 2200101098

Realcomp

APN: 10-003726

Michigan Wayne County Detroit 48206 Dexter-Linwood

2702 Sturtevant St, Detroit, MI

This home is located at 2702 Sturtevant St, Detroit, MI 48206 since 23 December 2020 and is currently estimated at $89,170, approximately $16 per square foot. This property was built in 1924. 2702 Sturtevant St is a home located in Wayne County with nearby schools including Durfee Elementary-Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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

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