NOT LISTED FOR SALE

3380 E Palmer St Detroit, MI 48211

Poletown East Neighborhood

Estimated Value: $21,000 - $179,000

4 Beds
2 Baths
2,452 Sq Ft
$36/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $9,777 $4 Per Sq Ft

Est. 812% increase in value since last sale

Current estimated payment $495/month

79 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • 4-minute walk to Callahan Park
  • Cass Technical High School Rated 10
  • Hot Water Heating System

About This Home

As of August 2021

Opportunity!! 2 story multi-family home located in Detroit's Pole-town neighborhood near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Also included are adjacent lots 3386, 3392 & 3400 Palmer. The DLBA would like to see a thoughtful Land Based Project that incorporates the use of the home either as a residence or ancillary benefit to the land based project. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Last Agent to Sell the Property

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 02/19/2021

Last Buyer's Agent

Nikkia Luckett

United Front Realty LLC License #RCO-6502408006

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $341

Year Built

  • Built in 1913

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 30.00x172.00

Home Design

  • Colonial Architecture
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,452 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W13I003441S

Community Details

Overview

  • 2 Units
  • Charles F Lohrmans Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$341

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1913
  • 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: 2452

Exterior Features

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

Utilities

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

Lot Info

  • List Price per Acre: 83333.3300
  • Lot Size Area: 0.12
  • Lot Dimensions: 30.00X172.00
  • Parcel Number: W13I003441S
  • Zone Conform: Yes
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Sep 1, 2021
Sold by
Detroit Land Bank Authority
Bought by
Saba Family Holdings Llc
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
Nikkia Luckett
United Front Realty LLC
List Price
$10,000
Sold Price
$9,777
Premium/Discount to List
-$223
-2.23%
Current Estimated Value
$89,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,389
Avg. Annual Appreciation
69.69%

Purchase Details

Closed on
Jan 4, 2016
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Jan 6, 2011
Sold by
Wojtowicz Raymond J
Bought by
Planning & Development Dept City Of Detr
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
Saba Family Holdings Llc $9,777 None Available
The Detroit Land Bank Authority -- None Available
Planning & Development Dept City Of Detr -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $9,777 -2.2% $4 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $10,000 -- $4 / 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 $341 $5,900 $0 $0
2024 $341 $4,500 $0 $0
2023 $574 $3,700 $0 $0
2022 $593 $2,900 $0 $0
2021 $1,132 $0 $0 $0
2020 $741 $0 $0 $0
2019 $741 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2013 $741 $0 $0 $0
2010 -- $9,365 $353 $9,012
Source: Public Records

Agents Affiliated with this Home

  • Natasha Richards

    Seller's Agent in 2021

    Natasha Richards

    Bellabay Realty Tri Counties

    (313) 204-0310

    5 in this area

    160 Total Sales

    Natasha Richards
    Section Image
  • Nikkia Luckett

    Buyer's Agent in 2021

    Nikkia Luckett

    United Front Realty LLC

    (313) 332-9556

    1 in this area

    60 Total Sales

    Nikkia Luckett
    Section Image
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Map

Source: Realcomp

MLS Number: 2210010501

Realcomp

APN: 13-003441

Michigan Wayne County Detroit 48211 Poletown East

3380 E Palmer St, Detroit, MI

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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

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