NOT LISTED FOR SALE

3450 Townsend St Detroit, MI 48214

Islandview Neighborhood

Estimated Value: $272,000 - $363,000

4 Beds
2 Baths
2,350 Sq Ft
$129/Sq Ft Est. Value

Last Sold March 08, 2023

Last sale price $10,000 $4 Per Sq Ft

Est. 2,930% increase in value since last sale

Current estimated payment $1,598/month

140 Days on Market

About This Home

As of March 2023

Brick 2 family offered by the Detroit land bank authority for sale. Sale also includes 2985 Seyburn and 2970 Baldwin as well. 3 multi units for one price. Exterior pictures only, show with caution. 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. Please refer to DLBA proposal guidelines. BUNDLE CANNOT BE SPLIT!

Last Agent to Sell the Property

Gene Kelley

Real Estate One-Southfield License #6501293908 Listed on: 05/16/2022

Real Estate One-Southfield

Co-Listed By

Patricia Phillips

Real Estate One-Southfield License #6506029243

Last Buyer's Agent

Gene Kelley

Real Estate One-Southfield License #6501293908 Listed on: 05/16/2022

Real Estate One-Southfield

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x100.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,350 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W17I011950S

Community Details

Overview

  • 2 Units
  • Boulevard Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1904
  • 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: 2350

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X100.00
  • Parcel Number: W17I011950S
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Clutch Consulting Llc
Bought by
Clutch Consulting Llc
Current Estimated Value
$303,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$417,931
Interest Rate
6.63%
Estimated Equity
-$114,931

Purchase Details

Listed on
May 16, 2022
Closed on
Mar 9, 2023
Sold by
Detroit Land Bank Authority
Bought by
Clutch Consulting Llc
Seller's Agent
Gene Kelley
Real Estate One-Southfield
Buyer's Agent
Gene Kelley
Real Estate One-Southfield
List Price
$20,000
Sold Price
$10,000
Premium/Discount to List
-$10,000
-50%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
264.04%

Purchase Details

Closed on
May 25, 2016
Sold by
Barnes Stephen
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr
Source: Public Records

Range of Values:

Collateral Analytics

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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
Clutch Consulting Llc -- First American Title
Clutch Consulting Llc $30,000 --
Detroit Land Bank Authority -- None Available
Barnes Stephen -- Attorney
Planning & Development Dept City Of Detr -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clutch Consulting Llc $425,000
Closed Clutch Consulting Llc $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2023 03/08/23 Sold $10,000 -50.0% $4 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $20,000 -- $9 / 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 -- $41,700 $0 $0
2024 $113 $1,500 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $784 $0 $0 $0
2019 $784 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $601 $0 $0 $0
2013 $601 $11,539 $0 $0
2010 -- $16,917 $345 $16,572
Source: Public Records

Agents Affiliated with this Home

  • Gene Kelley

    Seller's Agent in 2023

    Gene Kelley

    Real Estate One

    (248) 506-1257

    9 in this area

    131 Total Sales

    Gene Kelley
    Section Image
  • Patricia Phillips

    Seller Co-Listing Agent in 2023

    Patricia Phillips

    Real Estate One

    (313) 673-3774

    7 in this area

    85 Total Sales

    Patricia Phillips
    Section Image
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Map

Source: Realcomp

MLS Number: 2220036825

Realcomp

APN: 17-011950

Michigan Wayne County Detroit 48214 Islandview

3450 Townsend 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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