NOT LISTED FOR SALE

3045 Cortland St Detroit, MI 48206

Dexter-Linwood Neighborhood
30 Beds
33 Baths
29,602 Sq Ft
9,583 Sq Ft Lot

Last Sold January 04, 2018

Last sale price $300,000 $10 Per Sq Ft

23 Days on Market

Highlights

  • 0.22 Acre Lot
  • Forced Air Heating System
  • Ceiling Fan
  • Cass Technical High School Rated 10

About This Home

As of January 2018

For sale half price! Distress sale 28 apartments. Rent potential $201,600 / annually. 3% commission to buyer agent. Fantastic investment opportunity.

Last Agent to Sell the Property

Jonathan Pan

Crown Properties International License #6501390613 Listed on: 11/13/2017

Co-Listed By

Andrew Mimikos

AutoCity Realty LLC License #6501152128

Last Buyer's Agent

KATHRYN STICKLEY

Added Value Realty LLC License #RCO-6501327028

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80.62x120.50

Parking

  • On-Street Parking

Home Design

  • Poured Concrete
  • Asphalt

Interior Spaces

  • 29,602 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Liquid Propane Gas Water Heater
  • Sewer in Street

Community Details

  • 28 Units
  • Linwood Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I003822S

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 4-10 Story
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 28.50
  • Full Bathrooms: 28
  • Half Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 29602
  • Total Sq Ft: 29602
  • Sq Ft Total Bsmt: 10000

Exterior Features

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

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: LP Gas/Propane
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1613636.3636
  • Lot Size Area: 0.22
  • Lot Dimensions: 80.62X120.50
  • Parcel Number: W12I003822S
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 600

Tax Info

  • Tax Amount Summer: 6847.0000
  • Tax Amount Winter: 32758.0000
  • Total Tax: 39605.0000

Multi Family

  • Gross Scheduled Income: 201600.00
  • Number Of Units Total: 28
  • Unit Count: 3
  • Number of Efficiency Units: 8
  • Number of One Bedroom Units: 10
  • Number of Two Bedroom Units: 10
  • Number Of Units Leased: 7

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Cortland Residences Llc
Bought by
3045 Cortland Llc

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 28, 2017
Sold by
Zhou Zhongei and Kung Tao
Bought by
Corland Resdences Llc
Seller's Agent
Jonathan Pan
Crown Properties International
Buyer's Agent
KATHRYN STICKLEY
Added Value Realty LLC
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%

Purchase Details

Closed on
Jul 22, 2015
Sold by
Monopoly Investments Llc
Bought by
Pom Investors Llc

Purchase Details

Closed on
Oct 15, 2014
Sold by
Reinus Investment Group Llc
Bought by
Monopoly Investments Llc

Purchase Details

Closed on
May 16, 2014
Sold by
R J Daniels Property Management Llc
Bought by
Reinus Investment Group Llc

Purchase Details

Closed on
Sep 6, 2013
Sold by
Dembicki Joseph
Bought by
R J Daniels Property Management Llc
Source: Public Records

Range of Values:

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Average Value
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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
3045 Cortland Llc -- None Listed On Document
Corland Resdences Llc $300,000 Leading Edge Title Agency
Pom Investors Llc $270,000 Attorney
Monopoly Investments Llc -- None Available
Reinus Investment Group Llc -- None Available
R J Daniels Property Management Llc $175,000 North American Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2018 01/04/18 Sold $300,000 -15.5% $10 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/22/2017 11/22/17 Price Changed $355,000 +18.7% $12 / Sq Ft
11/13/2017 11/13/17 For Sale $299,000 -- $10 / 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 $8,172 $943,200 $0 $0
2024 $8,172 $887,700 $0 $0
2023 $7,957 $748,900 $0 $0
2022 $8,597 $668,500 $0 $0
2021 $11,004 $440,800 $0 $0
2020 $10,134 $351,700 $0 $0
2019 $8,159 $331,200 $0 $0
2018 $6,947 $93,100 $0 $0
2017 $64,073 $87,100 $0 $0
2016 $39,606 $837,300 $0 $0
2015 $7,744 $87,100 $0 $0
2013 $7,502 $87,148 $0 $0
2010 -- $93,856 $9,533 $84,323
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Pan

    Seller's Agent in 2018

    Jonathan Pan

    Crown Properties International

    (734) 717-8336

    68 Total Sales

    Jonathan Pan
    Section Image

  • A

    Seller Co-Listing Agent in 2018

    Andrew Mimikos

    AutoCity Realty LLC

    Section Image

  • K

    Buyer's Agent in 2018

    KATHRYN STICKLEY

    Added Value Realty LLC

    (734) 516-8223

    2 Total Sales

    KATHRYN STICKLEY
    Section Image

  • G

    Buyer's Agent in 2018

    Georgia Kapsalis

    Added Value Realty LLC

    (248) 787-7325

    8 Total Sales

    Georgia Kapsalis
    Section Image
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Map

Source: Realcomp

MLS Number: 217102067

Realcomp

APN: 12-003822

Michigan Wayne County Detroit 48206 Dexter-Linwood

3045 Cortland St, Detroit, MI

This home is located at 3045 Cortland St, Detroit, MI 48206 since 13 November 2017. This property was built in 1928. 3045 Cortland St is a home located in Wayne County with nearby schools including Durfee Elementary-Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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