$175,000
SOLD MAY 16, 2022
6 Beds
4 Baths
5,124 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$34 Per Sq Ft

12% Below List Price

35 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Programmable Thermostat

About This Home

As of December 2024

FULLY RENOVATED AND RENTAL CERTIFIED INVESTMENT OPPORTUNITY in one of the city's hottest areas!
Newer roof, new windows, mechanicals, electrical, plumbing, NEW kitchens, NEW ceramic tile full baths and one tub/stand up shower in each unit.
Fireplace in each unit-
One-year leases just signed at $1200. each TENANTS PAY ALL UTILITIES and manage basic maintenance. THERE IS NOTHING TO DO BUT COLLECT RENT!
APPOINTMENT ONLY

Last Agent to Sell the Property

Heather Dell

RE/MAX Leading Edge License #6501269116 Listed on: 04/01/2022

RE/MAX Leading Edge

Co-Listed By

Jay Taylor

Good Company License #6501394740

Last Buyer's Agent

Ronnie Alauddin

EXP Realty Main License #6501411264

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2022

Parking

  • 4 Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 4 Full Bathrooms
  • 5,124 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Programmable Thermostat
  • Liquid Propane Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 40 x 123 x 40 x 122

Listing and Financial Details

  • Assessor Parcel Number W12I003464S

Community Details

Overview

  • 2 Units
  • Webb Ave Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,381

Year Built

Built in 1925 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1925
  • State Equalized Value: 22500.0000
  • Year Renovated: 2022
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Programmable Thermostat
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5124
  • Total Sq Ft: 5124
  • Sq Ft Total Bsmt: 2300

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Foundation Materials: Block, Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: LP Gas/Propane
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: LP Gas/Propane
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 40 x 123 x 40 x 122
  • Parcel Number: W12I003464S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 1268.0000
  • Tax Amount Winter: 113.0000
  • Total Tax: 1381.0000
  • Taxable Value: 11920.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2024
Closed on
Dec 16, 2024
Sold by
Schweber Jacobo and Schweber Dina
Bought by
16159 Log Cabin St Llc
Seller's Agent
Ronnie Alauddin
EXP Realty Main
Buyer's Agent
Ronnie Alauddin
EXP Realty Main
List Price
$129,900
Sold Price
$70,000
Premium/Discount to List
-$59,900
-46.11%
Views
45
Current Estimated Value
$134,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,453
Avg. Annual Appreciation
82.10%
Original Mortgage
$140,000
Outstanding Balance
$82,800
Interest Rate
6.69%
Mortgage Type
Construction
Estimated Equity
$26,275

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 16, 2022
Sold by
Red Roof Properties Llc
Bought by
Schweber Jacobo and Schweber Dina
Seller's Agent
Heather Dell
RE/MAX Leading Edge
Buyer's Agent
Ronnie Alauddin
EXP Realty Main
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.80%

Purchase Details

Closed on
Feb 25, 2021
Sold by
M & F Housing Llc
Bought by
Red Roof Properties Llc

Purchase Details

Closed on
Dec 23, 2020
Sold by
Rogers Eugene T and Rogers Phyllis R
Bought by
M & F Housing Llc
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 $70,000 None Listed On Document
Warranty Deed $175,000 Parks Title
Warranty Deed $37,000 None Listed On Document
Warranty Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 Construction
Previous Owner $43,900 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $70,000 -46.1% $20 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $129,900 0.0% $38 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $129,900 -25.8% $38 / Sq Ft
05/16/2022 05/16/22 Sold $175,000 -10.3% $34 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
04/18/2022 04/18/22 Price Changed $195,000 -2.0% $38 / Sq Ft
04/01/2022 04/01/22 For Sale $199,000 -- $39 / 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 $2,117 $49,900 $0 $0
2024 $2,117 $42,400 $0 $0
2023 $2,303 $25,500 $0 $0
2022 $1,616 $27,700 $0 $0
2021 $1,381 $22,500 $0 $0
2020 $1,380 $20,800 $0 $0
2019 $1,361 $19,600 $0 $0
2018 $1,207 $18,600 $0 $0
2017 $209 $19,000 $0 $0
2016 $1,313 $44,300 $0 $0
2015 $1,091 $13,100 $0 $0
2013 $1,057 $18,237 $0 $0
2010 -- $26,130 $1,136 $24,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220022334

Realcomp

APN: 12-003464