NOT LISTED FOR SALE

3974 Devonshire Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $121,597 - $167,000

4 Beds
2 Baths
1,646 Sq Ft
$86/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $27,000 $16 Per Sq Ft

Est. 425% increase in value since last sale

Current estimated payment $857/month

32 Days on Market

About This Home

As of June 2019

Terrific opportunity for an true two family all brick with separate entrances, separate mechanicals, basements. this all brick property is within an active market for renewal. the seller is accepting cash however if a high down payment seller may consider a land contract. the subject property has not been trashed out so please be aware when viewing the subject. REMS processing fee of $295.00 due from purchaser. buyer agents please view agent remarks.

Last Agent to Sell the Property

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 05/20/2019

Last Buyer's Agent

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 05/20/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x114.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,646 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • East Detroit Development Cos No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I070380S

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1646

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 362727.2727
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X114.00
  • Parcel Number: W21I070380S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1500

Tax Info

  • Tax Amount Summer: 1191.0000
  • Tax Amount Winter: 117.0000
  • Total Tax: 1308.0000

Multi Family

  • Gross Scheduled Income: 18000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Citi Living Llc
Bought by
Bedford Investments Spe Llc
Current Estimated Value
$141,649

Purchase Details

Listed on
May 20, 2019
Closed on
Jun 24, 2019
Sold by
Rta Holdings Llc
Bought by
Citi Living Llc
Seller's Agent
Robert LaBute
Real Estate Management Specialists Inc
Buyer's Agent
Robert LaBute
Real Estate Management Specialists Inc
List Price
$39,900
Sold Price
$27,000
Premium/Discount to List
-$12,900
-32.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.75%

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
Apr 23, 2012
Sold by
Accord Walking In Ione
Bought by
Burke Evette

Purchase Details

Closed on
Mar 19, 2012
Sold by
Helping Hands Housing Llc
Bought by
Walking In One Accord

Purchase Details

Closed on
Jan 30, 2012
Sold by
Home Solutions Partners Iv Reo Llc
Bought by
Helping Hands Housing I Llc

Purchase Details

Closed on
May 27, 2010
Sold by
Mdj Llc
Bought by
Home Solutions Partners Iv Reo Llc

Purchase Details

Closed on
Jan 13, 2009
Sold by
The Bank Of New York Trust Company Na
Bought by
Mdj Llc

Purchase Details

Closed on
Jan 9, 2008
Sold by
Reed Monte and Reed Michelle
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank

Purchase Details

Closed on
Dec 3, 2003
Sold by
Reed Monte
Bought by
Reed Monte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2000
Sold by
Watson Erik
Bought by
Monte Reed
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
Bedford Investments Spe Llc -- None Available
Citi Living Llc $27,000 None Available
Rta Holdings Llc -- None Available
Smith Thomas $4,101 None Available
Burke Evette -- None Available
Walking In One Accord -- None Available
Helping Hands Housing I Llc $8,000 None Available
Home Solutions Partners Iv Reo Llc $15,551 None Available
Mdj Llc -- None Available
The Bank Of New York Trust Co Na $63,750 None Available
Reed Monte -- --
Monte Reed $104,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Monte $125,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $27,000 -32.3% $16 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $39,900 -- $24 / 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 $1,390 $44,200 $0 $0
2024 $1,371 $36,400 $0 $0
2023 $1,331 $28,800 $0 $0
2022 $1,420 $22,600 $0 $0
2021 $1,381 $18,300 $0 $0
2020 $1,381 $16,500 $0 $0
2019 $1,359 $14,100 $0 $0
2018 $1,191 $12,500 $0 $0
2017 $230 $12,100 $0 $0
2016 $1,461 $14,800 $0 $0
2015 $1,480 $14,800 $0 $0
2013 $1,998 $19,982 $0 $0
2010 -- $29,296 $1,268 $28,028
Source: Public Records

Agents Affiliated with this Home

  • Robert LaBute

    Seller's Agent in 2019

    Robert LaBute

    Real Estate Management Specialists Inc

    (313) 533-6300

    8 in this area

    162 Total Sales

    Robert LaBute
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Map

Source: Realcomp

MLS Number: 219046080

Realcomp

APN: 21-070380

Michigan Wayne County Detroit 48224 Morningside

3974 Devonshire Rd, Detroit, MI

Not Listed for Sale

MultiFamily

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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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