NOT LISTED FOR SALE

3974 Commonwealth St Detroit, MI 48208

Woodbridge Neighborhood

Estimated Value: $72,000 - $164,000

0.14 Acre
$842,857 Price per Acre
6,098 Sq Ft Lot

Last Sold September 16, 2023

Last sale price $53,500

Est. 121% increase in value since last sale

Current estimated payment $620/month

31 Days on Market

About This Lot

As of September 2023

Great development opportunity in the Woodbridge neighborhood of Detroit. Located in close proximity to Wayne State University, Midtown & Corktown. This 6,110 +/- SF (47x130') vacant land portfolio is zoned R3 allowing for a single or multifamily development. Local architects say both lots combined could house an 18-20 unit apartment building. Included Parcel: 3974 Commonwealth St, Detroit, MI 48208. The adjacent lot, 3958 Commonwealth St, is also listed for sale. Lot is located in a NEZ-H Tax Abatement District!

Last Agent to Sell the Property

Justin Tibble

NEXGEN Realty License #6501337919 Listed on: 08/15/2023

Last Buyer's Agent

James Tumey

O'Connor Realty License #RCO-6501379881

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 47 x 130
  • Cleared Lot
  • Property is zoned Multi-Family, Site Plan Condo

Utilities

  • Sewer in Street

Community Details

  • Avery & Murphys Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08005992.

Property Details

Property Type

Land

Est. Annual Taxes

$324

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 4600.0000
  • AgentOnly_ListPriceByAcre: 446428.5700
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal)

Lot Info

  • Lot Features: Cleared
  • Lot Size Area: 0.14
  • Lot Dimensions: 47 x 130
  • Parcel Number: 08005992.
  • Zoning: Multi-Family, Residential, Site Plan Condo

Tax Info

  • Tax Amount Summer: 26.0000
  • Tax Amount Winter: 298.0000
  • Total Tax: 324.0000
  • Taxable Value: 4600.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Aug 25, 2023
Sold by
Bondy Lukas
Bought by
Altia Woodbridge I Llc
Seller's Agent
Justin Tibble
NEXGEN Realty
Buyer's Agent
James Tumey
O'Connor Realty
List Price
$62,500
Sold Price
$53,500
Premium/Discount to List
-$9,000
-14.4%
Views
14
Current Estimated Value
$118,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,500
Avg. Annual Appreciation
41.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Altia Woodbridge I Llc $107,000 None Listed On Document
Altia Woodbridge I Llc $107,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2023 09/16/23 Sold $53,500 -14.4% --
09/15/2023 09/15/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $62,500 -- --
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 $28 $8,600 $0 $0
2024 $28 $4,600 $0 $0
2023 $27 $4,600 $0 $0
2022 $29 $4,600 $0 $0
2021 $28 $4,600 $0 $0
2020 $28 $4,600 $0 $0
2019 $28 $4,600 $0 $0
2018 $24 $800 $0 $0
2017 $6 $800 $0 $0
2016 $27 $9,800 $0 $0
2015 $30 $300 $0 $0
2013 $67 $667 $0 $0
2010 -- $775 $689 $86
Source: Public Records

Agents Affiliated with this Home

  • Justin Tibble

    Seller's Agent in 2023

    Justin Tibble

    NEXGEN Realty

    (248) 943-4801

    2 in this area

    600 Total Sales

    Justin Tibble
    Section Image
  • James Tumey

    Buyer's Agent in 2023

    James Tumey

    O'Connor Realty

    (586) 419-6271

    4 in this area

    42 Total Sales

    James Tumey
    Section Image
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Map

Source: Realcomp

MLS Number: 20230068490

Realcomp

APN: 08-005992

Michigan Wayne County Detroit 48208 Woodbridge

3974 Commonwealth St, Detroit, MI

Not Listed for Sale

Lots

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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

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