$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%
Views
101
Current Estimated Value
$79,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,172
Avg. Annual Appreciation
136.53%

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

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 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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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
2025 $1,048 $27,900 $0 $0
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

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Map

Source: Realcomp

MLS Number: 20240045566

Realcomp

APN: 12-001184