NOT LISTED FOR SALE

Estimated Value: $86,985 - $177,000

3 Beds
2.5 Baths
2,302 Sq Ft
$59/Sq Ft Est. Value

Last Sold February 10, 2021

Last sale price $28,000 $12 Per Sq Ft

Est. 382% increase in value since last sale

Current estimated payment $975/month

135 Days on Market

Highlights

  • Porch
  • Cass Technical High School Rated 10
  • Fenced

About This Home

As of February 2021

Very interesting opportunity for an income property that could be converted to a single family home having over 2300 sq.ft of living space. The subject has separate side entrances, original stick built kitchens still intact. Surprising how the upper unit has such a cool original kitchen with a ceramic counter glass uppers and a built-in Ice box. Bonus is the walk up third floor / attic. The subject was originally built having steam heat which has been removed and GFA attempted. Front porch and steps have been reconditioned, vinyl siding above belt. REMS processing fee of $295.00 due from purchaser.

Last Agent to Sell the Property

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 09/18/2020

Last Buyer's Agent

Daniel Ericksen

O'Connor Realty Detroit, LLC License #6506047792

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00x114.00
  • Fenced

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,302 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W21I070683S

Community Details

Overview

  • 2 Units
  • East Detroit Development Cos No 1 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 1 1/2 Story
  • Year Built: 1927
  • State Equalized Value: 19700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Access Only, Unfinished
  • Sq Ft Combined: 2302
  • Total Sq Ft: 2302
  • Sq Ft Total Bsmt: 1310

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 379000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00X114.00
  • Parcel Number: W21I070683S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 1307.0000
  • Tax Amount Winter: 128.0000
  • Total Tax: 1435.0000
  • Taxable Value: 13502.0000

Multi Family

  • Gross Scheduled Income: 19200.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2021
Sold by
Foundation Builders Llc
Bought by
Bedford Investments Us Lp
Current Estimated Value
$134,996

Purchase Details

Listed on
Sep 18, 2020
Closed on
Feb 10, 2021
Sold by
Rta Holdings Llc
Bought by
Foundation Builders Llc
Seller's Agent
Robert LaBute
Real Estate Management Specialists Inc
Buyer's Agent
Daniel Ericksen
O'Connor Realty Detroit, LLC
List Price
$37,900
Sold Price
$28,000
Premium/Discount to List
-$9,900
-26.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.88%

Purchase Details

Closed on
Aug 12, 2015
Sold by
Smith Thomas and Smith Suzanne
Bought by
Rta Holdings Llc

Purchase Details

Closed on
Dec 1, 2014
Sold by
Wayne County Treasurer
Bought by
Smith Thomas and Rta Holdings Llc

Purchase Details

Closed on
Dec 14, 2010
Sold by
Wojtowicz Raymond J
Bought by
The Angel Group Llc

Purchase Details

Closed on
Jul 27, 2005
Sold by
Blackford Gerald L
Bought by
Belser Steven R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.5%
Mortgage Type
Stand Alone First
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
Bedford Investments Us Lp $35,000 Regions Title Agency Llc
Foundation Builders Llc $28,000 Title One Inc
Rta Holdings Llc -- None Available
Smith Thomas $7,100 None Available
The Angel Group Llc $3,999 None Available
Belser Steven R $85,000 Golden Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Belser Steven R $115,500
Previous Owner Belser Steven R $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2021 02/10/21 Sold $28,000 -26.1% $12 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $37,900 0.0% $16 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
09/18/2020 09/18/20 For Sale $37,900 -- $16 / 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 $2,941 $65,200 $0 $0
2024 $2,941 $54,200 $0 $0
2023 $2,859 $42,700 $0 $0
2022 $3,072 $32,400 $0 $0
2021 $1,458 $26,200 $0 $0
2020 $1,457 $23,600 $0 $0
2019 $1,435 $19,700 $0 $0
2018 $1,255 $17,700 $0 $0
2017 $245 $17,000 $0 $0
2016 $1,479 $15,100 $0 $0
2015 $1,510 $15,100 $0 $0
2013 $2,044 $20,441 $0 $0
2010 -- $29,969 $1,268 $28,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200074038

Realcomp

APN: 21-070683