$34,900
SOLD OCT 28, 2024
4 Beds
2 Baths
2,156 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$16 Per Sq Ft

13% Below List Price

124 Days on Market

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • 4-minute walk to Bishop Park
  • Cass Technical High School Rated 10

About This Home

As of October 2024

Property Sold As-is. New windows & front porch have been installed This house is a 2 Flat (address 3021-23 Lothrop)

Buyer needs sign rehab agreement with Land Bank.

Last Agent to Sell the Property

Raphael Fazzolari

Rondo Investment LLC License #6501411681 Listed on: 06/26/2024

Co-Listed By

Kevin Griffin

Rondo Investment LLC License #6501443845

Last Buyer's Agent

Raphael Fazzolari

Rondo Investment LLC License #RCO-6501411681

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 45.00 x 120.00

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,156 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W12I001184S

Community Details

Overview

  • 2 Units
  • Crosman & Mc Kays Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1915
  • State Equalized Value: 18600.0000
  • 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: 2156
  • Total Sq Ft: 2156
  • Sq Ft Total Bsmt: 1080

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 45.00 x 120.00
  • Parcel Number: W12I001184S
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 1263.0000
  • Tax Amount Winter: 113.0000
  • Total Tax: 1376.0000
  • Taxable Value: 11989.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Oct 24, 2024
Sold by
Arkanova M5 Llc
Bought by
Jackson Arthur L
Seller's Agent
Raphael Fazzolari
Rondo Investment LLC
Buyer's Agent
Raphael Fazzolari
Rondo Investment LLC
List Price
$40,000
Sold Price
$34,900
Premium/Discount to List
-$5,100
-12.75%
Total Days on Market
124
Views
101
Current Estimated Value
$37,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,536
Avg. Annual Appreciation
15.02%

Purchase Details

Listed on
Aug 9, 2018
Closed on
Aug 28, 2018
Sold by
Fannie Mae
Bought by
Arkanova M5 Llc
Seller's Agent
Kent Colpaert
Bearing Group
Buyer's Agent
Rhonda Milner
Reach Realty Group
List Price
$4,000
Sold Price
$20,888
Premium/Discount to List
$16,888
422.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Nov 9, 2017
Sold by
Logan Gertrude and Logan Roosevelt
Bought by
Federal National Mortgage Association
Source: Public Records

Similar Homes in Detroit, MI

  • 4383 Allendale St, Detroit, MI 48204

    $39,900

    • 5 Beds
    • 2 Baths
    • 2,062 Sq Ft
    • 4383 Allendale St
    • Detroit, MI

    Exceptional investment opportunity! This two-unit building includes Unit #4383 and Unit #4385, offering great potential for rental income or owner-occupancy. Located in an up-and-coming area surrounded by buildings undergoing renovations and remodeling, this property is poised for growth in value.The first-floor unit has been recently updated with new windows, doors, and kitchen cabinets, and

    Elrashid Zomrawy RE/MAX Leading Edge

    Section Image
  • 3209 Tuxedo St, Detroit, MI 48206

    $35,000

    • 6 Beds
    • 2 Baths
    • 2,746 Sq Ft
    • 3209 Tuxedo St
    • Detroit, MI

    Welcome to this 2-story multifamily brick home, each unit features 3 bedrooms, 1 full bathroom, a cozy fireplace in the living room, and a generously sized kitchen. Conveniently located near schools, shopping, and major freeways. Cash offers only.

    Sherri Saad RE/MAX Leading Edge

    Section Image
  • 7127 Linsdale St, Detroit, MI 48204

    $35,900

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 7127 Linsdale St
    • Detroit, MI

    INVESTOR SPECIAL! Amazing multifamily opportunity in Detroit. Live in one unit and rent the other out or turn this home into a beautiful renovated rental just in time for all of the Detroit Lions fans visiting this season.

    Mark Poloney RE/MAX First

    Section Image
  • 7477 Prairie St, Detroit, MI 48210

    $29,900

    • 6 Beds
    • 2 Baths
    • 2,144 Sq Ft
    • 7477 Prairie St
    • Detroit, MI

    Great investment opportunity offering 3 bedrooms up, 3 down with a 2 car garage. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos.

    Natasha Richards Bellabay Realty Tri Counties

    Section Image
  • 2504 Glendale St, Detroit, MI 48238

    $40,000

    • 6 Beds
    • 2 Baths
    • 2,064 Sq Ft
    • 2504 Glendale St
    • Detroit, MI

    Welcome to this inviting multi-family home, a perfect blend of comfort and opportunity! This property features 3 generously sized bedrooms, 1 bathroom, and a spacious living room filled with natural light- ideal for relaxing or entertaining. The kitchen offers ample space for meal preparation and dining. Step outside to a large backyard, perfect for outdoor activities, gardening, or simply

    Sherri Saad RE/MAX Leading Edge

    Section Image
  • 3771 Clements St, Detroit, MI 48238

    $34,900

    • 4 Beds
    • 2.5 Baths
    • 2,600 Sq Ft
    • 3771 Clements St
    • Detroit, MI

    This property, located at 3771, is a two-unit duplex that is in need of significant rehabilitation. Each unit features 2 bedrooms, offering ample space for tenants or potential owners. The property presents an excellent opportunity for investors or buyers looking to renovate and restore a multi-unit dwelling to its full potential. While the structure requires updates and repairs, the layout

    Pamela Dudewicz Keller Williams Premier

    Section Image
  • 12201 Hartwell St, Detroit, MI 48227

    $32,900

    • 4 Beds
    • 2 Baths
    • 1,666 Sq Ft
    • 12201 Hartwell St
    • Detroit, MI

    LICENSED REAL ESTATE OWNED INVESTORS SPECIAL, MULTIFAMILY, NEEDS TLC!!! BUYERS AGENT TO VERIFY ALL DATA.

    Renae Palmer Real Estate Management Specialists Inc

    Section Image
  • 16017 San Juan Dr, Detroit, MI 48238

    $27,037

    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft
    • 16017 San Juan Dr
    • Detroit, MI

    Welcome to the latest offering from the Detroit Land Bank Authority. Brick Income bungalow located in the Mary grove subdivision. 2 bedrooms down and 1 bedroom up. The highlight of this property is that it comes with 4 vacant lots for you to develop. Sale includes 16005, 16011, 15945 and 15953 San Juan. Bring your design ideas and your creativity and lets see what we can accomplish. Please

    Gene Kelley Real Estate One-Southfield

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $34,900 Embassy Title Agency
Warranty Deed $34,900 Embassy Title Agency
Deed -- None Available
Sheriffs Deed $22,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $75,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $34,900 0.0% $16 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
09/25/2024 09/25/24 Price Changed $34,900 -12.8% $16 / Sq Ft
06/26/2024 06/26/24 For Sale $40,000 +91.5% $19 / Sq Ft
08/31/2018 08/31/18 Sold $20,888 +422.2% $10 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $4,000 -- $2 / 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 $1,048 $22,900 $0 $0
2023 $1,263 $18,600 $0 $0
2022 $1,338 $14,800 $0 $0
2021 $1,305 $11,400 $0 $0
2020 $1,305 $13,700 $0 $0
2019 $1,287 $10,700 $0 $0
2018 $978 $9,400 $0 $0
2017 $182 $9,700 $0 $0
2016 $1,100 $25,000 $0 $0
2015 $949 $12,800 $0 $0
2013 $920 $17,841 $0 $0
2010 -- $25,563 $990 $24,573
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240045566

Realcomp

APN: 12-001184