NOT LISTED FOR SALE

Estimated Value: $181,000 - $273,000

6 Beds
2 Baths
3,140 Sq Ft
$70/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $60,000 $19 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $1,374/month

5 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Balcony
  • Cass Technical High School Rated 10

About This Home

As of September 2021

Calling all investors! This giant duplex is located near Boston Edison and Virginia Park. It has a solid foundation, new windows, electrical and good roof. This property is the perfect opportunity for an investor or handyman who wants to finish renovating a home in Detroit. Property is being sold in AS-IS condition. Seller is also offering: 2981 Cortland and 2488 Clements in Detroit. BATVAI

Last Agent to Sell the Property

Jerry Kizy

Keller Williams Somerset License #6501411575 Listed on: 07/08/2021

Keller Williams Somerset

Co-Listed By

Michael Allen

National Realty Centers, Inc License #6501394767

Last Buyer's Agent

RUSSELL WILCOX

Century 21 Curran & Oberski License #6501377484

Century 21 Curran & Oberski

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 36.00x124.00

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,140 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I003051S

Community Details

Overview

  • 2 Units
  • Linwood Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 20200.0000
  • 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: 4140
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 3140
  • Sq Ft Total Bsmt: 1570

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 36
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 36.00X124.00
  • Parcel Number: W12I003051S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 1870.0000
  • Tax Amount Winter: 184.0000
  • Total Tax: 2054.0000
  • Taxable Value: 19361.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2022
Sold by
Michigan Cash Flow Properties Llc
Bought by
Beard Bird Llc
Current Estimated Value
$218,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$173,189
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$45,106

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 24, 2021
Sold by
Homeless 2 Homeownership Inc
Bought by
Michigan Cash Flow Properties Llc
Seller's Agent
Jerry Kizy
Keller Williams Somerset
Buyer's Agent
RUSSELL WILCOX
Century 21 Curran & Oberski
List Price
$60,000
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.13%

Purchase Details

Listed on
Mar 2, 2020
Closed on
May 18, 2020
Sold by
Kap Peace Llc
Bought by
Homeless Homeownership Inc
Seller's Agent
Luke Boyea
Real Broker LLC Troy
Buyer's Agent
Luke Boyea
EXP Realty LLC
List Price
$50,000
Sold Price
$20,000
Premium/Discount to List
-$30,000
-60%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
125.64%

Purchase Details

Closed on
Jan 24, 2020
Sold by
Motown Homes Llc
Bought by
Kai Peace Llc
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
Beard Bird Llc $225,000 --
Beard Bird Llc $225,000 None Listed On Document
Michigan Cash Flow Properties Llc $115,000 First American Title Ins Co
Homeless Homeownership Inc $20,000 None Available
Kai Peace Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beard Bird Llc $180,000
Closed Beard Bird Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2021 09/24/21 Sold $60,000 0.0% $19 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $60,000 +200.0% $19 / Sq Ft
05/21/2020 05/21/20 Sold $20,000 -55.6% $6 / Sq Ft View Prior Sale
05/11/2020 05/11/20 Pending -- -- --
04/26/2020 04/26/20 Price Changed $45,000 -10.0% $14 / Sq Ft
03/02/2020 03/02/20 For Sale $50,000 -- $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 $2,758 $38,800 $0 $0
2024 $2,758 $42,100 $0 $0
2023 $2,927 $33,600 $0 $0
2022 $2,308 $27,000 $0 $0
2021 $2,243 $21,800 $0 $0
2020 $2,053 $20,200 $0 $0
2019 $2,021 $19,000 $0 $0
2018 $1,826 $19,300 $0 $0
2017 $376 $19,800 $0 $0
2016 $1,530 $45,800 $0 $0
2015 $1,510 $15,700 $0 $0
2013 $1,463 $21,754 $0 $0
2010 -- $31,170 $1,040 $30,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210053752

Realcomp

APN: 12-003051