NOT LISTED FOR SALE

3485 Sheridan St Detroit, MI 48214

Islandview Neighborhood

Estimated Value: $89,000 - $377,000

4 Beds
2 Baths
2,246 Sq Ft
$95/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $52,500 $23 Per Sq Ft

Est. 308% increase in value since last sale

Current estimated payment $1,478/month

17 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of April 2022

Great opportunity to own a two-Family in the up-and-coming Islandview neighborhood. The property needs work, but comps suggest the after repair value to be in the $300,000 range. The property is near The Commons Coffee shop, Sister Pie, Eastern Market and Three Miles from Downtown Detroit.

Last Agent to Sell the Property

Gordon Hawkins

Hawkins Realty Group, Inc License #6502355037 Listed on: 03/18/2022

Last Buyer's Agent

Tyrone Johnson

EXP Realty LLC License #RCO-6501407933

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916

Lot Details

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

Home Design

  • Colonial Architecture
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,246 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W17I013305S

Community Details

Overview

  • 2 Units
  • Boulevard Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$760

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1916
  • State Equalized Value: 22900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Total Sq Ft: 2246

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X100.00
  • Parcel Number: W17I013305S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2800

Tax Info

  • Tax Amount Summer: 710.0000
  • Tax Amount Winter: 50.0000
  • Total Tax: 760.0000
  • Taxable Value: 5339.0000

Multi Family

  • Gross Scheduled Income: 33600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 18, 2022
Sold by
Nv Debt Series A Llc
Bought by
Shoreline Rentals Llc
Seller's Agent
Gordon Hawkins
Hawkins Realty Group, Inc
Buyer's Agent
Tyrone Johnson
EXP Realty LLC
List Price
$59,000
Sold Price
$52,500
Premium/Discount to List
-$6,500
-11.02%
Current Estimated Value
$214,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,935
Avg. Annual Appreciation
48.98%
Original Mortgage
$83,000
Outstanding Balance
$78,551
Interest Rate
5%
Mortgage Type
Balloon
Estimated Equity
$135,884

Purchase Details

Closed on
Nov 10, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Detroit Neighborhoods Llc

Purchase Details

Closed on
Oct 12, 2012
Sold by
Smith John W and Smith Mina M
Bought by
Handy Morris Kenneth

Purchase Details

Closed on
Jun 6, 2012
Sold by
Peter Bluebird Llc
Bought by
Smith John W and Smith Mina M

Purchase Details

Closed on
Feb 17, 2012
Sold by
Harbour Portfolio Vi Lp
Bought by
Peter Bluebird Llc

Purchase Details

Closed on
Jan 6, 2010
Sold by
Brye Avery and Stewart Denise
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 2, 2006
Sold by
Countrywide Home Loans Inc
Bought by
Homecomings Financial Network Inc

Purchase Details

Closed on
Aug 17, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Aug 10, 2006
Sold by
Chatman Robyn
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jul 11, 2005
Sold by
Chatman Trisha and Baskin Lynn
Bought by
Chatman Robyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2000
Sold by
Chatman Robyn
Bought by
Homecomings Financial Network Inc
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
Shoreline Rentals Llc $52,500 None Listed On Document
Detroit Neighborhoods Llc $3,300 None Available
Handy Morris Kenneth $1,200 None Available
Smith John W $1,509 None Available
Peter Bluebird Llc $700 None Available
Federal National Mortgage Association $24,014 None Available
Homecomings Financial Network Inc -- None Available
Countrywide Home Loans Inc -- None Available
Mortgage Electronic Registration Systems $74,374 None Available
Chatman Robyn -- First American Title
Homecomings Financial Network Inc $4,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoreline Rentals Llc $83,000
Previous Owner Chatman Robyn $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2022 04/18/22 Sold $52,500 -11.0% $23 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $59,000 -- $26 / 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 $4,276 $80,000 $0 $0
2024 $4,276 $67,900 $0 $0
2023 $4,405 $52,800 $0 $0
2022 $1,022 $31,500 $0 $0
2021 $806 $22,900 $0 $0
2020 $806 $22,700 $0 $0
2019 $797 $17,200 $0 $0
2018 $729 $18,900 $0 $0
2017 $94 $19,400 $0 $0
2016 $776 $5,200 $0 $0
2015 $520 $5,200 $0 $0
2013 $604 $6,043 $0 $0
2010 -- $8,859 $345 $8,514
Source: Public Records

Agents Affiliated with this Home

  • Gordon Hawkins

    Seller's Agent in 2022

    Gordon Hawkins

    Hawkins Realty Group, Inc

    (313) 289-9776

    15 in this area

    37 Total Sales

    Gordon Hawkins
    Section Image
  • Tyrone Johnson

    Buyer's Agent in 2022

    Tyrone Johnson

    EXP Realty LLC

    (313) 729-1638

    1 in this area

    65 Total Sales

    Tyrone Johnson
    Section Image
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Map

Source: Realcomp

MLS Number: 2220018477

Realcomp

APN: 17-013305

Michigan Wayne County Detroit 48214 Islandview

3485 Sheridan St, Detroit, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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