NOT LISTED FOR SALE

Estimated Value: $73,000 - $128,000

6 Beds
2 Baths
2,726 Sq Ft
$40/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $35,500 $13 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $724/month

9 Days on Market

About This Home

As of November 2018

**CENTRAL LOCATION** This tenant occupied duplex is blocks away from Chase Bank, CVS, Family Dollar, near Russell Woods and Boston Edison! Two 3 bedroom unit upper-lower flat with all separated utilities and private basements for each unit. Rent is $600 per unit! Amazing ROI (Return on Investment)! Great opportunity to get instant cashflow and equity! Purchaser to pay $495 transaction fee to listing broker at closing. Seller to provide warranty deed and title insurance at closing!

Last Agent to Sell the Property

Larry Else

Realtyflo Inc License #6502386964 Listed on: 10/08/2018

Co-Listed By

Rashad Elabed

JNA Real Estate License #6501406301

Last Buyer's Agent

Larry Else

Realtyflo Inc License #6502386964 Listed on: 10/08/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x120.50

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,726 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Linwood Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I003874S

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private, Unfinished
  • Total Sq Ft: 2726

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 350000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X120.50
  • Parcel Number: W12I003874S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 853.0000
  • Tax Amount Winter: 62.0000
  • Total Tax: 915.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Nov 16, 2018
Sold by
Bland James
Bought by
Third Rock Properties Llc
Seller's Agent
Larry Else
Realtyflo Inc
Buyer's Agent
Larry Else
Downtown Realty
List Price
$35,000
Sold Price
$35,500
Premium/Discount to List
$500
1.43%
Current Estimated Value
$110,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,625
Avg. Annual Appreciation
16.68%

Purchase Details

Closed on
Nov 19, 2015
Sold by
Bland James
Bought by
Bland James

Purchase Details

Closed on
Mar 16, 2004
Sold by
Sumling Alan
Bought by
Bland James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Third Rock Properties Llc $35,500 None Available
Bland James $8,401 Attorney
Bland James -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2018 11/16/18 Sold $35,500 +1.4% $13 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $35,000 -- $13 / Sq Ft
Source: Realcomp

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 $1,817 $41,500 $0 $0
2024 $1,545 $35,200 $0 $0
2023 $1,746 $28,100 $0 $0
2022 $1,861 $23,000 $0 $0
2021 $1,810 $18,700 $0 $0
2020 $1,810 $17,300 $0 $0
2019 $1,782 $16,300 $0 $0
2018 $855 $15,300 $0 $0
2017 $124 $15,700 $0 $0
2016 $918 $36,600 $0 $0
2015 $680 $6,800 $0 $0
2013 $941 $9,412 $0 $0
2010 -- $13,485 $989 $12,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218098282

Realcomp

APN: 12-003874

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