NOT LISTED FOR SALE

4071 4th St Wayne, MI 48184

Estimated Value: $234,000 - $248,000

3 Beds
4 Baths
2,296 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $190,000 $83 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,854/month

3 Days on Market

About This Home

As of April 2023

EXCELLENT MULTI-FAMILY IN AMAZING CONDITION IN A PRIME LOCATION. ATTENTION AGENTS: PLEASE EMAIL YOUR QUESTIONS. NO CALLS TO ASK ABOUT INCOME/EXPENSE INFORMATION PLEASE.
UNIT 2 IS VACANT AND IS THE ONLY UNIT THAT IS AVAILABLE FOR SHOWING.

Last Agent to Sell the Property

Robert Kabbani

Keller Williams Legacy License #6506045187 Listed on: 02/21/2023

Keller Williams Legacy

Last Buyer's Agent

Robert Kabbani

Keller Williams Legacy License #6506045187 Listed on: 02/21/2023

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,635

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66.00x134.29

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2,296 Sq Ft Home
  • 1-Story Property
  • Finished Basement

Parking

  • 8 Parking Spaces
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 4 Units
  • David Deforest Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55018050149001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,635

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Year Built: 1967
  • State Equalized Value: 83700.0000
  • Year Renovated: 1967
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Finished
  • Total Sq Ft: 2296

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 950000.0000
  • Lot Size Area: 0.20
  • Lot Dimensions: 66.00x134.29
  • Parcel Number: 55018050149001
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Water, Yard Maintenance
  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 3635.0000
  • Total Tax: 3635.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 4
  • Number of Efficiency Units: 1

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Kabbani Samia
Bought by
Kabbani Sarnia and Kabbani Camille M
Current Estimated Value
$242,458

Purchase Details

Listed on
Feb 21, 2023
Closed on
Mar 31, 2023
Sold by
Tourakit Michigan Llc
Bought by
Kabbani Sarnia
Seller's Agent
Robert Kabbani
Keller Williams Legacy
Buyer's Agent
Robert Kabbani
Keller Williams Legacy
List Price
$275,000
Sold Price
$190,000
Premium/Discount to List
-$85,000
-30.91%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$142,500
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 1, 2017
Closed on
Oct 27, 2017
Sold by
Parker William J and Parker Gloria C
Bought by
Tourakit Michigan Llc
Seller's Agent
Robert Kabbani
Keller Williams Legacy
Buyer's Agent
Robert Kabbani
Keller Williams Legacy
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.52%
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
Kabbani Sarnia -- None Listed On Document
Kabbani Sarnia $190,000 V1 Title Agency
Tourakit Michigan Llc $175,000 Venture Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kabbani Sarnia $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2023 04/07/23 Sold $190,000 0.0% $83 / Sq Ft
04/03/2023 04/03/23 Price Changed $190,000 -30.9% $83 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $275,000 +57.1% $120 / Sq Ft
10/27/2017 10/27/17 Sold $175,000 0.0% $76 / Sq Ft View Prior Sale
08/08/2017 08/08/17 Off Market $175,000 -- --
08/02/2017 08/02/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $175,000 -- $76 / 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 $7,038 $114,600 $0 $0
2024 $6,798 $106,400 $0 $0
2023 $3,818 $93,300 $0 $0
2022 $4,218 $83,700 $0 $0
2021 $4,122 $79,500 $0 $0
2020 $5,443 $74,300 $0 $0
2019 $3,467 $70,200 $0 $0
2018 $3,300 $52,000 $0 $0
2017 $749 $49,900 $0 $0
2016 $2,427 $47,000 $0 $0
2015 $3,094 $46,200 $0 $0
2013 -- $50,200 $0 $0
2012 -- $52,900 $10,900 $42,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230012652

Realcomp

APN: 55-018-05-0149-001