NOT LISTED FOR SALE

35755 Chestnut St Wayne, MI 48184

Estimated Value: $212,397 - $272,000

4 Beds
2 Baths
2,006 Sq Ft
$122/Sq Ft Est. Value

Last Sold December 09, 2016

Last sale price $114,000 $57 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,560/month

236 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Fenced
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of December 2016

***INVESTMENT OPPORTUNITY*** ALL BRICK COLONIAL STYLE DUPLEX LOCATED IN THE CITY OF WAYNE (NEAR DOWNTOWN) AND CLOSE TO SHOPPING, RESTAURANTS, AND PARKS, 35755 AND 35757 CHESTNUT STREET OFFERING YOU 2 BEDROOMS AND 1 FULL BATH IN EACH UNIT, PRIVATE BASEMENT FOR EACH UNIT, OVERSIZED 2.5 CAR DETACHED GARAGE (SHARED), NEW ROOF INSTALLED ON HOUSE AND GARAGE IN 2006, NEW HOT WATER TANK INSTALLED IN 35757, CEILING FANS IN 35757, A/C IN 35755, COMPLETELY FENCED YARD, NICE SIZE COVERED FRONT PORCH, BOTH UNITS SOLID AND CONSISTENTLY RENTED WITH A CAP RATE OF 10 PERCENT, PRIVATE SHOWINGS ONLY, CALL TO SCHEDULE TODAY!

Last Agent to Sell the Property

Chad Jishi

KW Professionals License #6501352918 Listed on: 04/17/2016

KW Professionals

Last Buyer's Agent

Chad Jishi

KW Professionals License #6501352918 Listed on: 04/17/2016

KW Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940 | Remodeled in 2016

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00x133.00x50.00x133.00
  • Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,006 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 2 Car Garage
  • Lighted Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Wayne Highlands Sub Wayne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55003010115000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1940
  • Year Renovated: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private, Unfinished
  • Total Sq Ft: 2006

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Poured
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S

Garage/Parking

  • MF Parking: Garages, Lighted, Paved, Unassigned/General
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 798000.0000
  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00X133.00X50.00X133.00
  • Parcel Number: 55003010115000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1520

Tax Info

  • Tax Amount Summer: 4050.0000
  • Tax Amount Winter: 500.0000
  • Total Tax: 4550.0000

Multi Family

  • Gross Scheduled Income: 18240.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2022
Sold by
Valdivia Joseph S and Valdivia Cynthia A
Bought by
Verhines John C and Verhines Brenda C
Current Estimated Value
$244,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,350
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2016
Closed on
Dec 9, 2016
Sold by
Valdivia Joseph S and Valdivia Cynthia A
Bought by
Verhines John C
Seller's Agent
Chad Jishi
KW Professionals
Buyer's Agent
Chad Jishi
KW Professionals
List Price
$129,700
Sold Price
$114,000
Premium/Discount to List
-$15,700
-12.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
May 28, 2003
Sold by
Chaveriat Mark and Chaveriat Cheryl
Bought by
Valdivia Joseph S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Verhines John C $114,000 None Listed On Document
Verhines John C -- None Available
Valdivia Joseph S $180,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Verhines John C $42,350
Closed Verhines John C $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2016 12/09/16 Sold $114,000 -12.1% $57 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
04/17/2016 04/17/16 For Sale $129,700 -- $65 / 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 $3,324 $110,600 $0 $0
2024 $3,242 $103,000 $0 $0
2023 $3,094 $107,100 $0 $0
2022 $3,516 $91,400 $0 $0
2021 $3,425 $84,000 $0 $0
2020 $4,198 $75,400 $0 $0
2019 $2,796 $70,500 $0 $0
2018 $2,636 $63,200 $0 $0
2017 $950 $61,500 $0 $0
2016 $4,649 $64,300 $0 $0
2015 $6,204 $63,900 $0 $0
2013 $6,010 $61,500 $0 $0
2012 -- $63,000 $8,100 $54,900
Source: Public Records

Agents Affiliated with this Home

  • Chad Jishi

    Seller's Agent in 2016

    Chad Jishi

    KW Professionals

    (734) 304-0000

    5 in this area

    213 Total Sales

    Chad Jishi
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 216035826

Realcomp

APN: 55-003-01-0115-000

Michigan Wayne County Wayne 48184

35755 Chestnut St, Wayne, MI

Not Listed for Sale

MultiFamily

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

Nearby Homes