NOT LISTED FOR SALE

35010 Elm St Wayne, MI 48184

Estimated Value: $174,000 - $260,000

3 Beds
3 Baths
2,112 Sq Ft
$105/Sq Ft Est. Value

Last Sold February 06, 2015

Last sale price $60,000 $28 Per Sq Ft

Est. 269% increase in value since last sale

Current estimated payment $1,538/month

20 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating System
  • Garage

About This Home

As of February 2015

THREE UNIT BRICK APARTMENT LOCATED IN ONE OF WAYNE'S GREAT OLDER NEIGHBORHOODS. YOU COULD LIVE IN THE GROUND FLOOR UNIT, WHICH FEATURES 2 BEDROOMS, LARGE DINING ROOM, KITCHEN, LIVING ROOM, BATH, AND RENT THE EFFICIENCY AND 1 BEDROOM APARTMENT UPSTAIRS. THE UPPER AND LOWER UNITS HAVE THEIR OWN SEPARATE BASEMENT, STORAGE AREA, AND SEPARATE ELECTRIC METERS. UNIT 2 AND 3 COULD BE CONVERETED AS 1 UNIT, AND A GARAGE. A GOOD OPPORTUNITY. CITY CERTS HAVE BEEN COMPLETED. SHOWN BY APPOINTMENT ONLY. PLEASE ALLOW 24 HOURS TO SHOW.LATPAO

Last Agent to Sell the Property

Joel Clark

Preferred, Realtors® Ltd License #6501274503 Listed on: 11/25/2014

Last Buyer's Agent

George Jonte Crane

3DX Real Estate LLC License #RCO-6501316613

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x137

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,112 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Dunlavy Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55003060010002

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 2112
  • Total Sq Ft: 2112
  • Sq Ft Total Bsmt: 1056

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 66
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: On Street

Utilities

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

Schools

  • School District: Wayne-Westland

Lot Info

  • List Price per Acre: 414500.0000
  • Lot Size Area: 0.20
  • Lot Dimensions: 66x137
  • Parcel Number: 55003060010002
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Heat, Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 2767.0000
  • Tax Amount Winter: 380.0000
  • Total Tax: 3147.0000

Multi Family

  • Gross Scheduled Income: 5000.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2014
Closed on
Feb 6, 2015
Sold by
Villa Kathryn
Bought by
Pesic Milos
Seller's Agent
Joel Clark
Preferred, Realtors® Ltd
Buyer's Agent
George Jonte Crane
3DX Real Estate LLC
List Price
$82,500
Sold Price
$60,000
Premium/Discount to List
-$22,500
-27.27%
Current Estimated Value
$221,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,275
Avg. Annual Appreciation
12.61%
Original Mortgage
$45,000
Outstanding Balance
$35,114
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$173,666

Purchase Details

Closed on
Sep 3, 2014
Sold by
Villa Kathryn
Bought by
Villa Kathryn and Anthony Villa Trust
Source: Public Records

Range of Values:

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Average Value
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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
Pesic Milos $60,000 Title One Inc
Villa Kathryn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pesic Milos $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2015 02/06/15 Sold $60,000 -27.3% $28 / Sq Ft
12/15/2014 12/15/14 Pending -- -- --
11/25/2014 11/25/14 For Sale $82,500 -- $39 / 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 $3,791 $89,600 $0 $0
2023 $3,616 $91,600 $0 $0
2022 $4,002 $77,900 $0 $0
2021 $3,910 $71,200 $0 $0
2020 $4,553 $61,300 $0 $0
2019 $3,283 $56,200 $0 $0
2018 $3,125 $51,900 $0 $0
2017 $986 $50,600 $0 $0
2016 $3,657 $47,100 $0 $0
2015 $4,379 $45,600 $0 $0
2013 $4,260 $43,500 $0 $0
2012 -- $44,800 $9,200 $35,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 214121321

Realcomp

APN: 55-003-06-0010-002