$61,000
SOLD APR 4, 2025

391 Palmerston St River Rouge, MI 48218

6 Beds
2 Baths
1,760 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • Dogs and Cats Allowed
  • Forced Air Heating System

About This Home

As of April 2025

Attention investors. Take a look at this duplex located in one of the hottest Real Estate markets in Metro Detroit. This property requires a mostly cosmetic rehab to increase the value by tens of thousands. You can buy, fix, and rent... Then enjoy a substantial equity position. Or you can buy, fix, and BRRR this duplex and pull out all of your cash while making a substantial ROI. House hackers are also welcome. These units can rent for 1000 or more per door easily once this project is complete. This could be a cash cow for any savvy investor. Don't wait on this one or it will be gone fast. Bring in the spring with your new duplex!

Last Agent to Sell the Property

David Rabior

Clyde Realty LLC License #6501406276 Listed on: 03/18/2025

Last Buyer's Agent

Renzo Delzo

New Era Real Estate LLC License #6501427777

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30.00 x 142.50

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,760 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 50009010720000

Community Details

Overview

  • 2 Units
  • River Rouge Park Sub Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 50900.0000
  • Pets Allowed: Cats OK, Dogs OK
  • 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: 1760
  • Total Sq Ft: 1760
  • Sq Ft Total Bsmt: 896

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Hot Water
  • Sewer: Sewer at Street
  • Water Source: Community

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 30.00 x 142.50
  • Parcel Number: 50009010720000
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1498.0000
  • Tax Amount Winter: 630.0000
  • Total Tax: 2128.0000
  • Taxable Value: 21808.0000

Multi Family

  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2025
Closed on
Apr 3, 2025
Sold by
Zilberow Ronald
Bought by
Golden Key Solutions Llc
Seller's Agent
David Rabior
Clyde Realty LLC
Buyer's Agent
Renzo Delzo
New Era Real Estate LLC
List Price
$60,000
Sold Price
$61,000
Premium/Discount to List
$1,000
1.67%
Views
16
Current Estimated Value
$72,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,951
Avg. Annual Appreciation
81.55%

Purchase Details

Listed on
Mar 18, 2025
Closed on
Mar 11, 2025
Sold by
Zilberov Ronald
Bought by
J & R Estate Llc
Seller's Agent
David Rabior
Clyde Realty LLC
Buyer's Agent
Renzo Delzo
New Era Real Estate LLC
List Price
$60,000
Sold Price
$61,000
Premium/Discount to List
$1,000
1.67%
Views
16

Purchase Details

Listed on
Mar 18, 2025
Closed on
Mar 6, 2025
Sold by
Lyons Robert L
Bought by
Zilberov Ronald
Seller's Agent
David Rabior
Clyde Realty LLC
Buyer's Agent
Renzo Delzo
New Era Real Estate LLC
List Price
$60,000
Sold Price
$61,000
Premium/Discount to List
$1,000
1.67%
Views
16
Source: Public Records

Similar Home in River Rouge, MI

  • 140 Division St, River Rouge, MI 48218

    $50,000

    • 6 Beds
    • 2 Baths
    • 1,539 Sq Ft
    • 140 Division St
    • River Rouge, MI

    THIS IS A GREAT OPPORTUNITY TO OWN A GREAT INVESTMENT PROPERTY OR LARGE HOME IN A GREAT AREA IN WALKING DISTANCE TO SCHOOLS AND WITH FREEWAYS CLOSE BY. THIS HOME CAN BE A 2 UNIT INVESTMENT PROPERTY WITH 3 BEDROOMS AND 1 BATHROOM IN EACH UNIT. THERE IS A FULL BASEMENT AND A 2 CAR GARAGE. ALL BUYERS SHALL BE WITH A REALTOR LICENSED IN MICHIGAN WHEN VIEWING PROPERTY.

    Clifford Rockefeller Rockefeller Realty

    Section Image

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 Type Sale Price Title Company
Warranty Deed $61,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $35,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Sold $61,000 +1.7% $35 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $60,000 +30.4% $34 / Sq Ft
03/06/2025 03/06/25 Sold $46,000 0.0% $26 / Sq Ft
03/03/2025 03/03/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $46,000 -- $26 / 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 $1,498 $50,900 $0 $0
2023 $1,427 $40,000 $0 $0
2022 $1,985 $30,900 $0 $0
2021 $1,924 $26,300 $0 $0
2020 $1,937 $22,300 $0 $0
2019 $1,320 $20,000 $0 $0
2018 $1,288 $18,100 $0 $0
2017 $1,179 $18,400 $0 $0
2016 $1,943 $19,000 $0 $0
2015 $2,370 $23,700 $0 $0
2013 $2,435 $39,000 $0 $0
2012 $2,176 $37,900 $3,500 $34,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20250017614

Realcomp

APN: 50-009-01-0720-000