NOT LISTED FOR SALE

Estimated Value: $371,761

30 Beds
21 Baths
23,904 Sq Ft
$16/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $315,000 $13 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,382/month

20 Days on Market

Highlights

  • 0.22 Acre Lot
  • Cass Technical High School Rated 10
  • Private Entrance

About This Home

As of August 2022

The Shelbourne is a 1926 build that is a 21-unit vacant redevelopment opportunity, with (12) one-bedroom, one-bathroom units and (9) two bedroom, one-bathroom units. The building still has original hardwood floors and woodwork that can be restored. The building is located in the Petosky-Otsego neighborhood between Boston Edison, N LaSalle, Virginia Park and Russell Woods. The property is in need of a full gut renovation. Great opportunity to rehab, rent and collect residual income.

Last Agent to Sell the Property

Shane Parker

S&P Realty License #6501397534 Listed on: 06/03/2022

Last Buyer's Agent

Dmitriy Selektor

EXP Realty Main License #6502341316

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 90.00x107.00
  • Private Entrance

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • 21 Full Bathrooms
  • 23,904 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I002847S

Community Details

Overview

  • 21 Units
  • Dexter Boulevard Heights Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,859

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1926
  • State Equalized Value: 181400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 21.00
  • Full Bathrooms: 21
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 23904
  • Total Sq Ft: 23904
  • Sq Ft Total Bsmt: 7968

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Private Entry
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 90
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.22
  • Lot Dimensions: 90.00X107.00
  • Parcel Number: W12I002847S
  • Zoning: Commercial

Tax Info

  • Tax Amount Summer: 7018.0000
  • Tax Amount Winter: 841.0000
  • Total Tax: 7859.0000
  • Taxable Value: 88877.0000

Multi Family

  • Number Of Units Total: 21
  • Unit Count: 2
  • Number of One Bedroom Units: 12
  • Number of Two Bedroom Units: 9

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Aug 22, 2022
Sold by
Marc Mcdaniels
Bought by
3295 Rochester 1 Llc
Seller's Agent
Shane Parker
S&P Realty
Buyer's Agent
Dmitriy Selektor
EXP Realty Main
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Total Days on Market
20
Current Estimated Value
$371,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,761
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
May 7, 2021
Sold by
Detroit Son Llc
Bought by
Mcdaniels Marc

Purchase Details

Closed on
Mar 30, 2017
Sold by
Hayakawa Masayuld
Bought by
3295 Rochester Llc

Purchase Details

Closed on
Feb 28, 2017
Sold by
3295 Rochester Llc
Bought by
Detroit Sdn Llc

Purchase Details

Closed on
Feb 24, 2017
Sold by
Japan Fronties Co Lt
Bought by
3295 Rochester Llc

Purchase Details

Closed on
Aug 10, 2014
Sold by
Reinus Investment Group Llc
Bought by
Japan Frontier Co

Purchase Details

Closed on
Jan 20, 2010
Sold by
Bayview Loan Servicing Llc
Bought by
Ib Property Holdings Llc

Purchase Details

Closed on
Jan 7, 2010
Sold by
Watson Robin L
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Jun 7, 2006
Sold by
Multi Property Development Llc
Bought by
Watson Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2004
Sold by
Hendrix Jacqueline
Bought by
Multi Property Development Llc

Purchase Details

Closed on
Mar 24, 2004
Sold by
Wesley John A and Love Jacqueline B
Bought by
Hendrix Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.62%
Mortgage Type
Commercial
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
3295 Rochester 1 Llc $315,000 --
3295 Rochester 1 Llc $315,000 None Listed On Document
Mcdaniels Marc $212,000 First American Title
3295 Rochester Llc -- None Available
3295 Rochester Llc -- None Available
Detroit Sdn Llc $70,000 None Available
3295 Rochester Llc -- None Available
3295 Rochester Llc -- None Available
3295 Rochester Llc -- None Available
3295 Rochester Llc -- None Available
Japan Frontier Co $240,000 None Available
Ib Property Holdings Llc -- None Available
Bayview Loan Servicing Llc $129,000 None Available
Watson Robin $395,000 None Available
Multi Property Development Llc -- --
Hendrix Jacqueline $375,000 Great Lakes Title Of Mi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watson Robin L $34,000
Previous Owner Watson Robin L $316,000
Previous Owner Hendrix Jacqueline $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $315,000 -3.1% $13 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $325,000 -- $14 / 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 $14,187 $227,800 $0 $0
2024 $14,187 $214,500 $0 $0
2023 $13,811 $178,100 $0 $0
2022 $13,545 $153,800 $0 $0
2021 $8,446 $181,400 $0 $0
2020 $8,674 $141,800 $0 $0
2019 $7,712 $131,600 $0 $0
2018 $6,567 $84,000 $0 $0
2017 $2,933 $155,500 $0 $0
2016 $15,968 $616,200 $0 $0
2015 $15,320 $153,200 $0 $0
2013 $5,323 $153,208 $0 $0
2010 -- $165,000 $6,941 $158,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220043532

Realcomp

APN: 12-002847