NOT LISTED FOR SALE

3500 Southfield Fwy Dearborn, MI 48124

Snow Woods Neighborhood

Estimated Value: $291,304 - $310,000

4 Beds
2 Baths
1,964 Sq Ft
$154/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $280,000 $143 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,184/month

2 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • 3-minute walk to Pine-Linden Park

About This Home

As of July 2024

Welcome to 3500 Southfield Fwy! Rare incoming generating side-by-side brick duplex. Fantastic house-hacking opportunity living in 1 unit and renting out the other. Two bed, 1 bath units with spacious living room and master bedroom. Each unit has its own garage, backyard, and separately metered so tenants can pay for all utilities. As-is Sale. Buyer will need to obtain temporary C of O from the City of Dearborn.
3500: Vacant. Available for showings. Previous rent $1,400/mo. All appliances included with sale.
3502: Tenant occupied. Long-term tenant paying $1,000/mo and is currently month-to-month. Available for showing on accepted offer. All appliances are owned by tenant.
Please call/text listing agent with any questions. Showings are not permitted without a Michigan licensed realtor present.

Last Agent to Sell the Property

Alex Reinhardt

Keller Williams Legacy License #6501430275 Listed on: 07/08/2024

Keller Williams Legacy

Last Buyer's Agent

Sam Sakka

RE/MAX Leading Edge License #6501315179

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100.00 x 98.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,964 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Stevens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32820935218025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,235

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1950
  • State Equalized Value: 120000.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1964
  • Total Sq Ft: 1964
  • Sq Ft Total Bsmt: 1014

Exterior Features

  • Roof Material: Asphalt
  • 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
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 9630.00

Schools

  • School District: Dearborn

Lot Info

  • Lot Size Area: 0.23
  • Lot Dimensions: 100.00 x 98.00
  • Parcel Number: 32820935218025
  • Zone Conform: Yes
  • Zoning: Multi-Family, Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2800

Tax Info

  • Tax Amount Summer: 5507.0000
  • Tax Amount Winter: 728.0000
  • Total Tax: 6235.0000
  • Taxable Value: 95655.0000

Multi Family

  • Gross Scheduled Income: 33600.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Jul 26, 2024
Sold by
Dragos Timothy
Bought by
Charaf Holdings Llc
Seller's Agent
Alex Reinhardt
Keller Williams Legacy
Buyer's Agent
Sam Sakka
RE/MAX Leading Edge
List Price
$315,000
Sold Price
$280,000
Premium/Discount to List
-$35,000
-11.11%
Views
38
Current Estimated Value
$301,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,576
Avg. Annual Appreciation
7.18%

Purchase Details

Listed on
Sep 29, 2021
Closed on
Dec 30, 2021
Sold by
Mount Jr Herbert F
Bought by
Dragos Timothy
Seller's Agent
Joseph DeRose
EXP Realty Main
Buyer's Agent
Alex Reinhardt
Keller Williams Legacy
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.76%
Original Mortgage
$144,000
Interest Rate
3.05%
Mortgage Type
New Conventional
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
Charaf Holdings Llc $280,000 None Listed On Document
Dragos Timothy $180,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dragos Timothy $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $280,000 -11.1% $143 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $315,000 +75.0% $160 / Sq Ft
12/30/2021 12/30/21 Sold $180,000 -- $92 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
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 $6,476 $136,900 $0 $0
2024 $6,476 $120,500 $0 $0
2023 $5,507 $120,000 $0 $0
2022 $6,339 $91,100 $0 $0
2021 $5,004 $86,500 $0 $0
2019 $5,926 $78,200 $0 $0
2018 $5,001 $76,500 $0 $0
2017 $1,008 $70,500 $0 $0
2016 $4,052 $70,200 $0 $0
2015 $6,214 $65,100 $0 $0
2013 $6,020 $60,200 $0 $0
2011 -- $68,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Reinhardt

    Seller's Agent in 2024

    Alex Reinhardt

    Keller Williams Legacy

    (888) 501-7085

    2 in this area

    22 Total Sales

    Alex Reinhardt
    Section Image

  • S

    Buyer's Agent in 2024

    Sam Sakka

    RE/MAX

    (313) 574-5242

    1 in this area

    65 Total Sales

    Sam Sakka
    Section Image
  • Joseph DeRose

    Seller's Agent in 2021

    Joseph DeRose

    EXP Realty Main

    (313) 550-0433

    2 in this area

    10 Total Sales

    Joseph DeRose
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240048032

Realcomp

APN: 32-09-352-18-025

Michigan Wayne County Dearborn 48124 Snow Woods

3500 Southfield Fwy, Dearborn, MI

This home is located at 3500 Southfield Fwy, Dearborn, MI 48124 since 08 July 2024 and is currently estimated at $301,576, approximately $153 per square foot. This property was built in 1950. 3500 Southfield Fwy is a home located in Wayne County with nearby schools including Snow Elementary School, Stout Middle School, and Edsel Ford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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