NOT LISTED FOR SALE

3243 Lockwood St Detroit, MI 48210

Southwest Detroit Neighborhood

Estimated Value: $81,000 - $158,000

4 Beds
2 Baths
1,885 Sq Ft
$53/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $35,000 $19 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $695/month

1 Day on Market

About This Home

As of April 2021

Value Add duplex in Southwest Detroit that needs some TLC. This is a great location for a cash flowing asset. The rents are strong here, you are minutes from Downtown, major freeways and there are great amenities in the neighborhood. This property would be ideal for an investor or owner occupant that would like a tenant to help with the cash flow.

Last Agent to Sell the Property

Ben Ness

Clyde Realty LLC License #6501394137 Listed on: 03/15/2021

Last Buyer's Agent

Alex Lauer

Clyde Realty LLC License #RCO-6501387117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1905

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x114.00

Home Design

  • Duplex

Interior Spaces

  • 2 Full Bathrooms
  • 1,885 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W16I010572S

Community Details

Overview

  • 2 Units
  • MC Millans & Whitings Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$534

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 240
  • Year Built: 1905
  • State Equalized Value: 15200.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1885

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Brick
  • Road Frontage Type: Paved

Utilities

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

Lot Info

  • List Price per Acre: 675000.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X114.00
  • Parcel Number: W16I010572S
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 503.0000
  • Tax Amount Winter: 31.0000
  • Total Tax: 534.0000
  • Taxable Value: 3330.0000

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Mar 30, 2021
Sold by
Dirks Danielle
Bought by
Hanuma Developers Llc
Seller's Agent
Ben Ness
Clyde Realty LLC
Buyer's Agent
Alex Lauer
Clyde Realty LLC
List Price
$54,000
Sold Price
$35,000
Premium/Discount to List
-$19,000
-35.19%
Current Estimated Value
$100,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,819
Avg. Annual Appreciation
26.11%

Purchase Details

Listed on
Apr 25, 2018
Closed on
May 25, 2018
Sold by
Jc Gemini Iii D Llc
Bought by
Drks Danielle
Seller's Agent
Mark Hutter
Detroit Investment Company
Buyer's Agent
Alex Lauer
Clyde Realty LLC
List Price
$14,900
Sold Price
$14,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.94%

Purchase Details

Closed on
Jan 5, 2012
Sold by
Flores Antonio
Bought by
The Federal National Mortgage Associatio

Purchase Details

Closed on
Jan 22, 2007
Sold by
Smith Marvin and Smith Patricia R
Bought by
Flores Antonia

Purchase Details

Closed on
Jul 21, 2006
Sold by
Zdanowicz Cecilia M and Zdanowicz Frank C
Bought by
Smith Marvin
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
Hanuma Developers Llc $35,000 Regions Title Agency Llc
Drks Danielle $14,900 Embassy Title Agency
The Federal National Mortgage Associatio $85,411 None Available
Flores Antonia $90,000 Crossroads Title
Smith Marvin $62,540 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $35,000 -35.2% $19 / Sq Ft
03/23/2021 03/23/21 For Sale $54,000 0.0% $29 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/16/2021 03/16/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $54,000 +262.4% $29 / Sq Ft
05/30/2018 05/30/18 Sold $14,900 0.0% $10 / Sq Ft View Prior Sale
05/02/2018 05/02/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $14,900 0.0% $10 / Sq Ft
10/25/2013 10/25/13 Rented $525 0.0% --
09/26/2013 09/26/13 Under Contract -- -- --
07/10/2013 07/10/13 For Rent $525 -- --
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 $2,019 $37,300 $0 $0
2024 $2,019 $30,500 $0 $0
2023 $1,962 $23,500 $0 $0
2022 $2,102 $21,300 $0 $0
2021 $535 $16,400 $0 $0
2020 $535 $15,200 $0 $0
2019 $490 $11,600 $0 $0
2018 $447 $9,300 $0 $0
2017 $59 $8,200 $0 $0
2016 $579 $13,100 $0 $0
2015 $330 $3,300 $0 $0
2013 $350 $3,500 $0 $0
2010 -- $5,015 $347 $4,668
Source: Public Records

Agents Affiliated with this Home

  • Ben Ness

    Seller's Agent in 2021

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    6 in this area

    407 Total Sales

    Ben Ness
    Section Image
  • Alex Lauer

    Seller Co-Listing Agent in 2021

    Alex Lauer

    Clyde Realty LLC

    (313) 230-0510

    6 in this area

    385 Total Sales

    Alex Lauer
    Section Image
  • Mark Hutter

    Seller's Agent in 2018

    Mark Hutter

    Detroit Investment Company

    (734) 469-4607

    248 Total Sales

    Mark Hutter
    Section Image

  • C

    Seller's Agent in 2013

    Cheryl McNeal

    McNeal OBrien Team LLC

    Section Image
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Map

Source: Realcomp

MLS Number: 2210017058

Realcomp

APN: 16-010572

Michigan Wayne County Detroit 48210 Southwest Detroit

3243 Lockwood St, Detroit, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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