NOT LISTED FOR SALE

Estimated Value: $64,000 - $116,000

4 Beds
2 Baths
2,216 Sq Ft
$43/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $65,000 $29 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $561/month

47 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of February 2024

**INVESTORS** Add this 2-unit multi-family to your portfolio today! Located in the resurgent Wildemere Park neighborhood, 2 blocks away from the lovely La Salle Gardens! Each unit features 2 bedrooms, 1 full bathroom, a spacious living room, dining room, and kitchen! The property also features hardwood floors throughout most of the units, forced air heating with the lower unit's furnace being roughly 1 year old, separate gas and electric meters for each unit, mostly vinyl windows, and much more! Sec. 8 rents in the neighborhood are as high as $1,100 per unit, meaning this property will cash flow for years to come! You can also take advantage of the rapidly increasing ARVs, with Wildemere Park 2 units going for as high as 200K, while La Salle Gardens are as high as 325K!

Last Agent to Sell the Property

Ryan Kain

RE/MAX Leading Edge License #6501401697 Listed on: 11/02/2023

RE/MAX Leading Edge

Co-Listed By

Samuel Kain

RE/MAX Leading Edge License #6501415392

Last Buyer's Agent

Brooklynn Barber

Top Agent Realty License #6501440719

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00 x 110.00

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,216 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W12I001274S

Community Details

Overview

  • 2 Units
  • Crosman & MC Kays Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$974

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1913
  • State Equalized Value: 26200.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 100 Amp Service, Cable Available, Circuit Breakers
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2216
  • Total Sq Ft: 2216
  • Sq Ft Total Bsmt: 1097

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 35
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00 x 110.00
  • Parcel Number: W12I001274S
  • Zone Conform: Yes
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 891.0000
  • Tax Amount Winter: 83.0000
  • Total Tax: 974.0000
  • Taxable Value: 9219.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Feb 5, 2024
Sold by
Phillips Rachel L
Bought by
Laurenzi Adrian and Post Diana
Seller's Agent
Ryan Kain
RE/MAX Leading Edge
Buyer's Agent
Brooklynn Barber
Top Agent Realty
List Price
$99,900
Sold Price
$65,000
Premium/Discount to List
-$34,900
-34.93%
Views
85
Current Estimated Value
$95,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,250
Avg. Annual Appreciation
24.72%

Purchase Details

Closed on
Sep 2, 2021
Sold by
Phillips Briana M
Bought by
Phillips Rachel L

Purchase Details

Closed on
Mar 10, 2016
Sold by
3007 Northwestern Llc
Bought by
Phillips Briana

Purchase Details

Closed on
Nov 7, 2013
Sold by
Wayne County Treasurer
Bought by
3007 Northwestern Llc

Purchase Details

Closed on
Oct 3, 2003
Sold by
Johnson Joann
Bought by
Grant Novel
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
Laurenzi Adrian $65,000 None Listed On Document
Laurenzi Adrian $65,000 None Listed On Document
Phillips Rachel L $500 None Available
Phillips Briana $3,000 None Available
3007 Northwestern Llc $500 None Available
Grant Novel $72,500 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $65,000 -27.7% $29 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
11/27/2023 11/27/23 Price Changed $89,900 -10.0% $41 / Sq Ft
11/02/2023 11/02/23 For Sale $99,900 -- $45 / 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 $748 $30,600 $0 $0
2024 $748 $32,400 $0 $0
2023 $891 $26,200 $0 $0
2022 $956 $20,100 $0 $0
2021 $937 $15,100 $0 $0
2020 $929 $18,200 $0 $0
2019 $918 $14,200 $0 $0
2018 $813 $12,300 $0 $0
2017 $149 $12,500 $0 $0
2016 $892 $32,800 $0 $0
2015 $820 $8,200 $0 $0
2013 $1,025 $11,333 $0 $0
2010 -- $16,238 $745 $15,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230089715

Realcomp

APN: 12-001274