NOT LISTED FOR SALE

3181 W 8 Mile Rd Detroit, MI 48221

Green Acres Neighborhood

Estimated Value: $256,000 - $297,000

4 Beds
2 Baths
1,543 Sq Ft
$180/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $218,000 $141 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,472/month

6 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Cass Technical High School Rated 10
  • Porch
  • Bungalow

About This Home

As of August 2022

Completely refinished bungalow in the Green Acres neighborhood of Detroit features a stunning interior with beautiful hardwood floors, a spacious updated kitchen, and a partially finished basement. Large entry living room with coved ceilings, built-in shelves, and a cozy natural fireplace. Living room flows into a lovely traditional dining room. Charming updated kitchen with stainless steel appliances, recessed lighting, and plenty of cabinet and counter space. Two nice sized bedrooms share a full bath on the entry level. One bedroom with access to the back deck. Two additional bedrooms and a second full bath on the upper level. Full basement, partially finished with a wood panel rec room, laundry, and lots of storage space. Fenced backyard with a patio and alley access. Small pull off street for easy parking out front. Close to downtown Ferndale, local parks, and Woodward Ave. Shopping. Welcome Home!

Last Agent to Sell the Property

Jim Shaffer

Good Company License #6502380733 Listed on: 07/07/2022

Good Company

Last Buyer's Agent

Isaac Kim

Century 21 Curran & Oberski License #6501435944

Century 21 Curran & Oberski

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1941

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00
  • Fenced

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,543 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Partially Finished Basement

Kitchen

  • Free-Standing Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Woodward Subdivision

Listing and Financial Details

  • Assessor Parcel Number W02I006193S

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,886

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1941
  • State Equalized Value: 57700.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Range Hood
  • Total Sq Ft: 1543

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Block
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Fencing: Fenced

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Parcel Number: W02I006193S

Tax Info

  • Tax Amount Summer: 2599.0000
  • Tax Amount Winter: 287.0000
  • Total Tax: 2886.0000
  • Taxable Value: 30301.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2023
Sold by
Lee Yun
Bought by
Lee Yun and Kim Isaac
Current Estimated Value
$277,397

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 17, 2022
Sold by
Michelle Carter
Bought by
Lee Yun
Seller's Agent
Jim Shaffer
Good Company
Buyer's Agent
Isaac Kim
Century 21 Curran & Oberski
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$207,100
Interest Rate
5.3%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 15, 2021
Sold by
Favret Dennis
Bought by
Carter Michelle

Purchase Details

Closed on
Mar 29, 2021
Sold by
Favret Ivan
Bought by
Favret Dennis

Purchase Details

Closed on
Mar 1, 2017
Sold by
Lloyd Hong Cho Wong Revocable Trust
Bought by
Favret Ivan

Purchase Details

Closed on
Mar 1, 2007
Sold by
Lloyd Hong Cho Wong Revocable Trust
Bought by
Favret Ivan
Source: Public Records

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 Buyer Sale Price Title Company
Lee Yun -- None Listed On Document
Lee Yun $218,000 Stewart Title Guaranty Company
Carter Michelle -- None Available
Carter Michelle -- None Listed On Document
Favret Dennis $500 None Available
Favret Dennis -- None Listed On Document
Favret Ivan -- None Available
Favret Ivan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Yun $207,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2022 08/17/22 Sold $218,000 -3.1% $141 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $225,000 -- $146 / 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 $234 $4,500 $0 $0
2024 $234 $4,000 $0 $0
2023 $4,765 $75,700 $0 $0
2022 $3,350 $71,000 $0 $0
2021 $2,885 $57,700 $0 $0
2020 $2,884 $47,700 $0 $0
2019 $2,835 $37,500 $0 $0
2018 $2,445 $31,900 $0 $0
2017 $532 $29,200 $0 $0
2016 $2,713 $32,200 $0 $0
2015 $2,930 $29,300 $0 $0
2013 $3,024 $30,854 $0 $0
2010 -- $42,825 $897 $41,928
Source: Public Records

Agents Affiliated with this Home

  • Jim Shaffer

    Seller's Agent in 2022

    Jim Shaffer

    Good Company

    (248) 834-3030

    7 in this area

    3,706 Total Sales

    Jim Shaffer
    Section Image
  • Isaac Kim

    Buyer's Agent in 2022

    Isaac Kim

    Century 21 Curran & Oberski

    (248) 930-2391

    1 in this area

    12 Total Sales

    Isaac Kim
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20221012478

Realcomp

APN: 02-006193

Michigan Wayne County Detroit 48220 Green Acres

3181 W 8 Mile Rd, Detroit, MI

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes