NOT LISTED FOR SALE

2722 Webb St Detroit, MI 48206

Dexter-Linwood Neighborhood

Estimated Value: $117,000 - $151,000

6 Beds
4.5 Baths
3,886 Sq Ft
$34/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $115,000 $30 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $972/month

8 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • High Speed Internet
  • Cass Technical High School Rated 10

About This Home

As of May 2022

BEAUTIFUL upper and lower duplicate currently tenant at $1400 per month ($650 lower unit and $750 upper unit). This allows for a $11,877 NOI annually, after taxes, insurance and management fees and an ROI at 11.9%. Cove ceilings, large rooms all on great block. Close to shopping, schools, parks and public transportation. This is a must see but no showings without an accepted offer first. Please do not disturb tenants.

Last Agent to Sell the Property

Brent Maxwell

Propfoxx License #6501345023 Listed on: 03/14/2022

Last Buyer's Agent

Jerry Weaver

EXP Realty LLC License #RCO-6501375322

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x123.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 3,886 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W10I003219S

Community Details

Overview

  • 2 Units
  • Webb Avenue Sub Subdivision

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,493

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1935
  • State Equalized Value: 27500.0000
  • Pets Allowed: Breed Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Cable Available
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 3886
  • Total Sq Ft: 3886
  • Sq Ft Total Bsmt: 850

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Chimney Cap(s), Lighting
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 909090.9000
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X123.00
  • Parcel Number: W10I003219S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 2262.0000
  • Tax Amount Winter: 231.0000
  • Total Tax: 2493.0000
  • Taxable Value: 24694.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three 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
Mar 14, 2022
Closed on
May 5, 2022
Sold by
Icarus Holdings Detroit 2 Llc
Bought by
2722 Webb Llc
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Jerry Weaver
EXP Realty LLC
List Price
$100,000
Sold Price
$115,000
Premium/Discount to List
$15,000
15%
Current Estimated Value
$130,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,242
Avg. Annual Appreciation
4.90%

Purchase Details

Closed on
Feb 12, 2021
Sold by
Motown Sfr I Llc
Bought by
Icarus Holdings Detroit 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,750
Interest Rate
2.9%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 9, 2018
Closed on
Aug 17, 2018
Sold by
Bella Kouture Llc
Bought by
Motown Sfr 1 Llc
Seller's Agent
Derrick Garland
EXP Realty Main
Buyer's Agent
Brent Maxwell
O'Connor Realty
List Price
$58,000
Sold Price
$58,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$55,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 9, 2018
Closed on
Jul 19, 2018
Sold by
Mz Euro Homes Llc
Bought by
Bella Kouture Llc
Seller's Agent
Derrick Garland
EXP Realty Main
Buyer's Agent
Brent Maxwell
O'Connor Realty
List Price
$58,000
Sold Price
$58,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2014
Sold by
Mj Income Property Llc
Bought by
Mz Euro Homes Llc

Purchase Details

Closed on
Jun 6, 2012
Sold by
Counts Zelia
Bought by
Wadha Mike

Purchase Details

Closed on
May 7, 2012
Sold by
Richardson Marianne Kim and Richardson Steven Leonard
Bought by
Richardson Marianne Kim and Counts Zelia

Purchase Details

Closed on
Jul 13, 2010
Sold by
Counts Zelia
Bought by
Richardson Marianne Kim and Richardson Steven Leonard

Purchase Details

Closed on
Apr 29, 2009
Sold by
Richardson M Kim and Richardson Kimberly
Bought by
Richardson M Kim
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
2722 Webb Llc $115,000 Embassy Title Agency
Icarus Holdings Detroit 2 Llc -- None Available
Motown Sfr 1 Llc $58,000 Embassy Title Agency Inc
Bella Kouture Llc $35,000 Embassy Title Agency Inc
Mz Euro Homes Llc $56,000 Embassy Title Agency
Wadha Mike -- None Available
Richardson Marianne Kim -- None Available
Richardson Marianne Kim -- None Available
Richardson M Kim -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Icarus Holdings Detroit 2 Llc $705,750
Previous Owner Motown Sfr I Llc $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $115,000 +15.0% $30 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $100,000 +72.4% $26 / Sq Ft
08/20/2018 08/20/18 Sold $58,000 0.0% $15 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
06/09/2018 06/09/18 For Sale $58,000 -- $15 / 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 $3,090 $55,700 $0 $0
2024 $3,090 $47,400 $0 $0
2023 $3,250 $37,800 $0 $0
2022 $2,570 $34,000 $0 $0
2021 $2,496 $27,500 $0 $0
2020 $2,495 $25,400 $0 $0
2019 $2,455 $23,900 $0 $0
2018 $1,609 $24,600 $0 $0
2017 $306 $25,200 $0 $0
2016 $1,763 $60,100 $0 $0
2015 $1,680 $16,800 $0 $0
2013 $1,321 $23,382 $0 $0
2010 -- $33,502 $1,139 $32,363
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brent Maxwell

    Propfoxx

    Section Image
  • Jerry Weaver

    Buyer's Agent in 2022

    Jerry Weaver

    EXP Realty LLC

    (734) 999-7105

    1 in this area

    139 Total Sales

    Section Image

  • D

    Seller's Agent in 2018

    Derrick Garland

    EXP Realty Main

    (586) 344-3786

    37 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 2220014337

Realcomp

APN: 10-003219

Michigan Wayne County Detroit 48206 Dexter-Linwood

2722 Webb St, Detroit, MI

This home is located at 2722 Webb St, Detroit, MI 48206 since 14 March 2022 and is currently estimated at $130,501, approximately $33 per square foot. This property was built in 1935. 2722 Webb 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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