NOT LISTED FOR SALE

Estimated Value: $20,945 - $223,000

0.05 Acre
$1,789,720 Price per Acre
2,178 Sq Ft Lot

Last Sold February 22, 2024

Last sale price $19,500

Est. 359% increase in value since last sale

Current estimated payment $503/month

4 Days on Market

About This Lot

As of February 2024

Don't miss this incredible opportunity to own prime land in one of Detroit's most sought-after locations. This expansive plot, situated near Downtown Detroit, offers endless potential for developers and investors alike. Boasting a strategic location, this property is ideal for commercial or residential projects. The land's promising size provides ample space for construction, ensuring a truly customizable project. With close proximity to the bustling heart of the city, residents will enjoy easy access to an array of amenities, including shopping centers, restaurants, and cultural attractions. Seize this chance to shape Detroit's future. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Last Agent to Sell the Property

Rashad Elabed

JNA Real Estate License #6501406301 Listed on: 02/08/2024

Last Buyer's Agent

Rashad Elabed

JNA Real Estate License #6501406301 Listed on: 02/08/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 25 x 88

Community Details

  • J W Johnstons Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12007175.

Property Details

Property Type

Land

Est. Annual Taxes

$9

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 300.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Feet: 25
  • Road Frontage Type: Paved

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.05
  • Lot Dimensions: 25 x 88
  • Parcel Number: 12007175.
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 8.0000
  • Tax Amount Winter: 1.0000
  • Total Tax: 9.0000
  • Taxable Value: 300.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Feb 22, 2024
Sold by
Mugianis George C
Bought by
Shaban Jamaal Jime
Seller's Agent
Rashad Elabed
JNA Real Estate
Buyer's Agent
Rashad Elabed
Downtown Realty
List Price
$19,900
Sold Price
$19,500
Premium/Discount to List
-$400
-2.01%
Total Days on Market
4
Views
5
Current Estimated Value
$89,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,986
Avg. Annual Appreciation
228.83%

Purchase Details

Closed on
Oct 17, 2023
Sold by
Wayne County Treasurer
Bought by
Mugianis George C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shaban Jamaal Jime $19,500 None Listed On Document
Mugianis George C $1,900 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $19,500 -2.0% --
02/12/2024 02/12/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $19,900 -- --
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 $9 $300 $0 $0
2023 $8 $300 $0 $0
2022 $9 $300 $0 $0
2021 $9 $300 $0 $0
2020 $9 $100 $0 $0
2019 $9 $100 $0 $0
2018 $8 $100 $0 $0
2017 $2 $100 $0 $0
2016 $9 $100 $0 $0
2015 $10 $100 $0 $0
2013 $21 $212 $0 $0
2010 -- $241 $152 $89
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240004540

Realcomp

APN: 12-007175