NOT LISTED FOR SALE

315 Tuxedo St Highland Park, MI 48203

Estimated Value: $69,000 - $174,000

8 Beds
4 Baths
4,824 Sq Ft
$26/Sq Ft Est. Value

Last Sold January 29, 2024

Last sale price $72,500 $15 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $757/month

163 Days on Market

About This Home

As of January 2024

*INVESTMENT OPPORTUNITY* This brick quadruplex has so much potential but needs a full interior rehab. Each of the 4 units has 2 bedrooms and 1 bath, a living room with fireplace, dining room and kitchen. Unfinished shared basement. New roof installed in 2021. BATVAI. Sold As Is.

Last Agent to Sell the Property

Alan Stalter

Benjamin Management Group, Inc License #6501322697 Listed on: 07/05/2023

Last Buyer's Agent

Clayton Neal

KW Metro License #6501378931

KW Metro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60.00 x 104.50

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 4,824 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 43018110034000

Community Details

Overview

  • 4 Units
  • Robert Oakman Hamilton Boulevard Sub Subdivision

Amenities

  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1916
  • State Equalized Value: 33900.0000
  • Pets Allowed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4824
  • Total Sq Ft: 4824
  • Sq Ft Total Bsmt: 537

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Highland Park

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 60.00 x 104.50
  • Parcel Number: 43018110034000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 48000

Tax Info

  • Tax Amount Summer: 2520.0000
  • Tax Amount Winter: 487.0000
  • Total Tax: 3007.0000
  • Taxable Value: 33900.0000

Multi Family

  • Gross Scheduled Income: 57600.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4

MLS Schools

  • School District: Highland Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Jan 29, 2024
Sold by
Ftf Lending Llc
Bought by
Neal Enterprises Llc
Seller's Agent
Alan Stalter
Benjamin Management Group, Inc
Buyer's Agent
Clayton Neal
KW Metro
List Price
$129,900
Sold Price
$72,500
Premium/Discount to List
-$57,400
-44.19%
Views
261
Current Estimated Value
$116,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,500
Avg. Annual Appreciation
40.13%

Purchase Details

Closed on
Jun 1, 2023
Sold by
Wayne County Bank
Bought by
Ftf Lending Llc

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 8, 2021
Sold by
Knycehomes Properties Llc
Bought by
Sftb Llc
Seller's Agent
Ray Carodine
EXP Realty Main
Buyer's Agent
Tennitia Wilson
Cosmopolitan Real Estate Svs
List Price
$99,000
Sold Price
$55,000
Premium/Discount to List
-$44,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.90%
Original Mortgage
$131,000
Interest Rate
2.8%
Mortgage Type
Balloon

Purchase Details

Listed on
Jul 21, 2020
Closed on
Oct 16, 2020
Sold by
Sabo Ferras
Bought by
Tdab Smart Investments Llc
Seller's Agent
Larry Else
Downtown Realty
Buyer's Agent
Marta Kopania
Downtown Realty
List Price
$35,000
Sold Price
$30,000
Premium/Discount to List
-$5,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.46%

Purchase Details

Closed on
Nov 7, 2018
Sold by
Wayne County Land Bank Corporation
Bought by
Sabo Ferras

Purchase Details

Closed on
Feb 8, 2017
Sold by
Sabree Eric R
Bought by
Wayne County Land Bank

Purchase Details

Closed on
Jan 1, 2013
Sold by
Mckay Margaret
Bought by
Rankins Ricardo G
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
Neal Enterprises Llc $72,500 Vanguard Title
Ftf Lending Llc $111,700 None Listed On Document
Sftb Llc $100,000 Speedy T&E Svcs Llc
Knycehomes Properties Llc $55,000 Speedy T&E Svcs Llc
Tdab Smart Investments Llc $30,000 Speedy T&E Svcs Llc
Transitional Home Llc $59,000 Speedy T&E Svcs Llc
Transitional Home Llc $59,000 Speedy T&E Services Llc
Sabo Ferras $2,250 None Available
Wayne County Land Bank -- None Available
Rankins Ricardo G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sftb Llc $131,000
Previous Owner Detriot Land Bank Authority $25,000
Previous Owner Hogan Kyle $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2024 01/29/24 Sold $72,500 -3.2% $15 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
11/17/2023 11/17/23 Price Changed $74,900 -12.8% $16 / Sq Ft
10/13/2023 10/13/23 Price Changed $85,900 -11.4% $18 / Sq Ft
09/06/2023 09/06/23 Price Changed $97,000 -2.5% $20 / Sq Ft
08/21/2023 08/21/23 Price Changed $99,500 -20.4% $21 / Sq Ft
07/28/2023 07/28/23 Price Changed $125,000 -3.8% $26 / Sq Ft
07/05/2023 07/05/23 For Sale $129,900 +136.2% $27 / Sq Ft
10/13/2021 10/13/21 Sold $55,000 -20.3% $25 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/01/2021 09/01/21 Price Changed $69,000 -30.3% $31 / Sq Ft
08/10/2021 08/10/21 For Sale $99,000 +230.0% $44 / Sq Ft
10/16/2020 10/16/20 Sold $30,000 -14.3% $13 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $35,000 -- $16 / 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 $3,990 $54,300 $0 $0
2023 $2,632 $46,900 $0 $0
2022 $3,007 $33,900 $0 $0
2021 $2,128 $23,700 $0 $0
2019 $1,990 $20,500 $0 $0
2018 $0 $0 $0 $0
2017 $2,020 $0 $0 $0
2016 $2,201 $20,200 $0 $0
2015 $2,478 $24,900 $0 $0
2013 $2,401 $35,600 $0 $0
2012 $1,632 $38,600 $4,800 $33,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230054062

Realcomp

APN: 43-018-11-0034-000