$65,000
SOLD OCT 30, 2024
6 Beds
2.5 Baths
2,800 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

35% Below List Price

89 Days on Market

Highlights

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

About This Home

As of April 2025

Investor special, great investment opportunity with upside potential. The area is undergoing several major improvement projects and is close to Boston Edison. All of the yesteryear charm is still intact, but with a little sweat equity this could be a real GEM with increasing value and rents over the next several years. Now is time to start your investment in Detroit and be a part of the rebirth.

Last Agent to Sell the Property

Tim Bledsoe

@properties Christie's Int'l RE Grosse Pointe License #6501344597 Listed on: 07/21/2024

@properties Christie's Int'l RE Grosse Pointe

Last Buyer's Agent

Griselda Guzman

Keller Williams Legacy License #6501440762

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 122.00

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I004056S

Community Details

Overview

  • 2 Units
  • Oakmans Robt Cherry Lane Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1926
  • State Equalized Value: 29900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 2800
  • Total Sq Ft: 2800
  • Sq Ft Total Bsmt: 1400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

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

Fee Information

  • Operating Expense: 8000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 122.00
  • Parcel Number: W12I004056S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2200

Tax Info

  • Tax Amount Summer: 1541.0000
  • Tax Amount Winter: 147.0000
  • Total Tax: 1688.0000
  • Taxable Value: 15601.0000

Multi Family

  • Gross Scheduled Income: 26400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2025
Closed on
Apr 25, 2025
Sold by
Construction Twins Llc
Bought by
Tait Jerel
Seller's Agent
Henry Laurent
RE/MAX Leading Edge
Buyer's Agent
Latawn Oden
Exit United Realty Professionals
List Price
$283,900
Sold Price
$275,000
Premium/Discount to List
-$8,900
-3.13%
Views
5512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-74.65%
Original Mortgage
$270,018
Outstanding Balance
$269,782
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
-$66,457

Purchase Details

Listed on
Jul 21, 2024
Closed on
Oct 30, 2024
Sold by
Smith Deborah J and Morrissette Deborah
Bought by
Construction Twins Llc
Seller's Agent
Tim Bledsoe
@properties Christie's Int'l RE Grosse Pointe
Buyer's Agent
Griselda Guzman
Keller Williams Legacy
List Price
$100,000
Sold Price
$65,000
Premium/Discount to List
-$35,000
-35%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1918.55%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Morrissette Gary
Bought by
Morrissette Deborah

Purchase Details

Closed on
Jul 1, 1995
Sold by
Smith George H
Bought by
Deborah Gary and Deborah Morrissette
Source: Public Records

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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 $275,000 None Listed On Document
Warranty Deed $65,000 Ata National Title
Deed -- --
Deed $26,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,018 FHA
Previous Owner $27,900 Stand Alone Second
Previous Owner $55,300 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $275,000 +5.8% $98 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $259,900 -8.5% $93 / Sq Ft
02/11/2025 02/11/25 For Sale $283,900 +336.8% $101 / Sq Ft
10/30/2024 10/30/24 Sold $65,000 0.0% $23 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $65,000 -3.0% $23 / Sq Ft
09/11/2024 09/11/24 Price Changed $66,995 -4.3% $24 / Sq Ft
09/10/2024 09/10/24 Price Changed $69,995 -3.5% $25 / Sq Ft
09/08/2024 09/08/24 Price Changed $72,500 -3.2% $26 / Sq Ft
09/06/2024 09/06/24 Price Changed $74,900 -0.1% $27 / Sq Ft
09/04/2024 09/04/24 Price Changed $75,000 -16.2% $27 / Sq Ft
08/26/2024 08/26/24 Price Changed $89,500 -8.7% $32 / Sq Ft
08/06/2024 08/06/24 Price Changed $98,000 -2.0% $35 / Sq Ft
07/28/2024 07/28/24 Price Changed $99,995 0.0% $36 / Sq Ft
07/21/2024 07/21/24 For Sale $100,000 -- $36 / 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 $1,334 $37,400 $0 $0
2023 $1,541 $29,900 $0 $0
2022 $1,639 $24,500 $0 $0
2021 $1,596 $19,800 $0 $0
2020 $1,595 $18,400 $0 $0
2019 $1,445 $17,300 $0 $0
2018 $1,263 $16,400 $0 $0
2017 $253 $16,800 $0 $0
2016 $1,394 $39,600 $0 $0
2015 $1,390 $13,900 $0 $0
2013 $1,400 $19,247 $0 $0
2010 -- $27,577 $992 $26,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240052430

Realcomp

APN: 12-004056