NOT LISTED FOR SALE

Estimated Value: $104,000 - $211,000

6 Beds
3 Baths
3,312 Sq Ft
$45/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $125,400 $38 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,001/month

64 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • 2 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of May 2024

Welcome to this beautifully renovated duplex in the heart of Detroit. This home is move in ready whether you’re looking to move in and rent out the other unit or you’re an investor looking to maximize cash flow in an appreciating market. This duplex offers fresh paint throughout, refinished hardwood floors and new carpet in the bedrooms. Don’t wait for this deal to pass you by!

Last Agent to Sell the Property

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 02/08/2024

Keller Williams Somerset

Co-Listed By

Richard Brown

Keller Williams Somerset License #6501438359

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 02/08/2024

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 122.00

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,312 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Webb Avenue Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I003452S
  • $2,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,289

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1924
  • State Equalized Value: 26100.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 3312
  • Total Sq Ft: 3312
  • Sq Ft Total Bsmt: 1656

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 122.00
  • Parcel Number: W12I003452S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 2086.0000
  • Tax Amount Winter: 203.0000
  • Total Tax: 2289.0000
  • Taxable Value: 22680.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
May 21, 2024
Sold by
Long Life Home Llc
Bought by
Drammm Family Enterprise Llc
Seller's Agent
Joe Hammel
Keller Williams Somerset
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$165,000
Sold Price
$125,400
Premium/Discount to List
-$39,600
-24%
Views
63
Current Estimated Value
$147,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,538
Avg. Annual Appreciation
13.45%
Original Mortgage
$132,300
Outstanding Balance
$130,660
Interest Rate
7.17%
Mortgage Type
Construction
Estimated Equity
$17,278

Purchase Details

Closed on
Nov 12, 2023
Sold by
Gg Zimerman Holdings Llc
Bought by
Long Life Home Llc

Purchase Details

Closed on
Oct 20, 2021
Sold by
Red Roof Properties Llc
Bought by
Gg Zimerman Holdings Llc

Purchase Details

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

Purchase Details

Closed on
Jul 25, 1994
Sold by
B & A Mgmt & Realty Co
Bought by
Eugene T and Rogers Phyllis R
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
Drammm Family Enterprise Llc $125,400 None Listed On Document
Drammm Family Enterprise Llc $125,400 None Listed On Document
Long Life Home Llc -- None Listed On Document
Gg Zimerman Holdings Llc $155,000 None Available
Red Roof Properties Llc $37,000 None Listed On Document
Eugene T $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drammm Family Enterprise Llc $132,300
Closed Drammm Family Enterprise Llc $132,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $125,400 -3.5% $38 / Sq Ft
03/25/2024 03/25/24 Price Changed $129,900 -6.9% $39 / Sq Ft
03/05/2024 03/05/24 Price Changed $139,500 -10.0% $42 / Sq Ft
02/19/2024 02/19/24 Price Changed $155,000 -6.1% $47 / Sq Ft
02/08/2024 02/08/24 For Sale $165,000 -- $50 / 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 $2,556 $38,400 $0 $0
2024 $2,556 $32,600 $0 $0
2023 $2,086 $26,100 $0 $0
2022 $2,228 $21,600 $0 $0
2021 $1,437 $17,500 $0 $0
2020 $1,437 $16,300 $0 $0
2019 $1,417 $15,400 $0 $0
2018 $1,255 $14,500 $0 $0
2017 $221 $14,900 $0 $0
2016 $1,366 $34,600 $0 $0
2015 $1,150 $14,000 $0 $0
2013 $1,114 $19,410 $0 $0
2010 -- $27,810 $1,136 $26,674
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240005756

Realcomp

APN: 12-003452