NOT LISTED FOR SALE

3432 Clark St Wayne, MI 48184

Estimated Value: $209,000 - $230,000

4 Beds
2 Baths
2,236 Sq Ft
$97/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $166,000 $74 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,729/month

3 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Balcony

About This Home

As of March 2022

HIGHEST AND BEST OFFER DUE BY 2/28 AT 5PM. Great opportunity for those looking to invest in real estate. This 2 story property has an upper and lower unit with lots of interior character. Live in one of the units and rent the other if you choose too. Each unit has separate basements. Lower unit includes refrigerator, stove and dishwasher and upper unit includes refrigerator and stove. Property is walking distance for the tenants to visit the downtown area for some shopping or to grab a bite to eat. Both units have separate meters, furnaces (both 12 years old), HWT (2012,2020) and A/C (2009, 2019) systems. The roof is 10 years old. Both units are currently rented and gross $19k/yr in rental income with limited expenses. Currently, owner pays the water bill and separately bills each tenant for their share. The CofA will be provided at closing. Let this be the year for you to begin investing in real estate or to grow your real estate portfolio. Give us a call today to schedule a showing.

Last Agent to Sell the Property

Jeffrey Smith

Island Realty - KW Advantage License #6501419348 Listed on: 02/25/2022

Co-Listed By

Jan Smith

Island Realty - KW Advantage License #6501291669

Last Buyer's Agent

Karen Ryckman

Remerica United Realty License #RCO-6502330671

Remerica United Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 45.00x165.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,236 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Unfinished Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • Paved Parking
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Isabella Clark Sub No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55006050080000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,257

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 81600.0000
  • Foundation Features: Sump Pump
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Access, Private
  • Sq Ft Combined: 2236
  • Total Sq Ft: 2236
  • Sq Ft Total Bsmt: 1118

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 45
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: W

Garage/Parking

  • MF Parking: On Street, Paved, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Wayne-Westland

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 45.00X165.00
  • Parcel Number: 55006050080000
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1575

Tax Info

  • Tax Amount Summer: 1956.0000
  • Tax Amount Winter: 301.0000
  • Total Tax: 2257.0000
  • Taxable Value: 29844.0000

Multi Family

  • Gross Scheduled Income: 18900.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 18, 2022
Sold by
Wenden Properties Llc
Bought by
Moore Christopher
Seller's Agent
Jeffrey Smith
Island Realty - KW Advantage
Buyer's Agent
Karen Ryckman
Remerica United Realty
List Price
$165,000
Sold Price
$166,000
Premium/Discount to List
$1,000
0.61%
Current Estimated Value
$217,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,438
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Nov 17, 2009
Sold by
Danville Dennis R and Zokoe Danville Wendy L
Bought by
Wenden Properties Llc

Purchase Details

Closed on
Dec 8, 2004
Sold by
Johnson Mark K and Wenderlich Chris A
Bought by
Comerica Bank
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
Moore Christopher $166,000 Michigan Title Insurance Agenc
Wenden Properties Llc -- None Available
Danville Dennis R $37,500 Title One Inc
Comerica Bank $150,612 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $166,000 +0.6% $74 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $165,000 -- $74 / 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
2024 $6,338 $99,200 $0 $0
2023 $6,610 $103,300 $0 $0
2022 $2,280 $88,500 $0 $0
2021 $2,228 $81,600 $0 $0
2020 $2,597 $72,000 $0 $0
2019 $1,880 $67,500 $0 $0
2018 $1,790 $62,500 $0 $0
2017 $537 $60,900 $0 $0
2016 $2,081 $56,400 $0 $0
2015 $2,730 $54,700 $0 $0
2013 $2,645 $52,700 $0 $0
2012 -- $55,900 $8,100 $47,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220011477

Realcomp

APN: 55-006-05-0080-000