$95,000
SOLD JUN 12, 2020

305 Richton St Highland Park, MI 48203

4 Beds
4 Baths
3,120 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

21% Below List Price

115 Days on Market

About This Home

As of June 2020

ALL 4 UNITS ARE OCCUPIED WITH QUALIFIED TENANTS. TURN KEY INVESTOR. BRICK QUADRUPLEX EACH UNIT HAS 1 BEDROOM .SEPARATE METERED ELECTRIC AND GAS. NEWER FORCED AIR FOR EACH UNIT REPLACED 2020. SOME NEW WINDOWS. GREAT RETURN ON INVESTMENT.

Last Agent to Sell the Property

Samia Kabbani

ARG Realty License #6501354176 Listed on: 09/30/2019

Last Buyer's Agent

Janet Graham

Howard Hanna Franklin License #RCO-6501348293

Howard Hanna Franklin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45.00x125.00

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,120 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 43018010044002

Community Details

Overview

  • 4 Units
  • Bessenger & Moore Sub H. Park Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,551

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 15400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Sq Ft Combined: 3820
  • Sq Ft Lower Floor: 700
  • Total Sq Ft: 3120
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 45
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Highland Park

Lot Info

  • List Price per Acre: 876923.0769
  • Lot Size Area: 0.13
  • Lot Dimensions: 45.00X125.00
  • Parcel Number: 43018010044002
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer
  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 1296.0000
  • Tax Amount Winter: 255.0000
  • Total Tax: 1551.0000
  • Taxable Value: 15400.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Highland Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2020
Sold by
Haspil Patrice
Bought by
F And P Holdings Llc
Current Estimated Value
$179,109

Purchase Details

Closed on
Nov 14, 2020
Sold by
Haspil Patrice
Bought by
F And P Holdings Llc

Purchase Details

Listed on
Sep 30, 2019
Closed on
Jun 12, 2020
Sold by
Giannopoulos Peter
Bought by
Haspil Patrice
Seller's Agent
Samia Kabbani
ARG Realty
Buyer's Agent
Janet Graham
Howard Hanna Franklin
List Price
$119,900
Sold Price
$95,000
Premium/Discount to List
-$24,900
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%
Original Mortgage
$63,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2015
Closed on
Nov 2, 2015
Sold by
J Chapman Holdings Llc
Bought by
Giannopoulos Peter
Seller's Agent
Dean Eveslage
Century 21 Curran & Oberski
Buyer's Agent
Nyota Ellis
Century 21 Curran & Oberski
List Price
$47,500
Sold Price
$36,000
Premium/Discount to List
-$11,500
-24.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.48%

Purchase Details

Closed on
Dec 22, 2014
Sold by
Chapman Jacob
Bought by
J Chapman Holdings Llc

Purchase Details

Listed on
May 5, 2014
Closed on
Jul 11, 2014
Sold by
Carr Andre L
Bought by
Chapman Jacob
Seller's Agent
Maureen Korthas
Michigan Premier Real Estate, LLC
Buyer's Agent
Dean Eveslage
Century 21 Curran & Oberski
List Price
$27,000
Sold Price
$27,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.92%
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Available
Quit Claim Deed -- None Listed On Document
Warranty Deed $95,000 None Available
Warranty Deed $36,000 Title One Inc
Interfamily Deed Transfer -- Title Connect Llc
Warranty Deed $27,000 Title Connect Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $63,000 New Conventional
Previous Owner $68,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $95,000 -16.7% $30 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/22/2020 01/22/20 Price Changed $114,000 -0.8% $37 / Sq Ft
01/05/2020 01/05/20 Price Changed $114,900 -4.2% $37 / Sq Ft
11/18/2019 11/18/19 For Sale $119,900 0.0% $38 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $119,900 +233.1% $38 / Sq Ft
11/06/2015 11/06/15 Sold $36,000 -24.2% $12 / Sq Ft
10/19/2015 10/19/15 Pending -- -- --
06/20/2015 06/20/15 For Sale $47,500 +75.9% $15 / Sq Ft
07/10/2014 07/10/14 Sold $27,000 0.0% $9 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $27,000 -- $9 / 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 $1,690 $47,400 $0 $0
2024 $1,690 $46,400 $0 $0
2023 $1,620 $39,900 $0 $0
2022 $1,851 $29,000 $0 $0
2021 $1,814 $20,200 $0 $0
2019 $1,531 $17,400 $0 $0
2018 $1,296 $15,400 $0 $0
2017 $480 $15,200 $0 $0
2016 $1,841 $16,900 $0 $0
2015 $2,090 $20,900 $0 $0
2013 $1,919 $29,900 $0 $0
2012 $1,305 $32,500 $3,500 $29,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219100502

Realcomp

APN: 43-018-01-0044-002