NOT LISTED FOR SALE

Estimated Value: $88,000 - $158,000

6 Beds
2 Baths
2,171 Sq Ft
$58/Sq Ft Est. Value

Last Sold November 10, 2023

Last sale price $87,000 $40 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $863/month

48 Days on Market

About This Home

As of November 2023

Spacious Duplex with 3 Bedrooms in Each Unit - Great Investment Opportunity!

Welcome to 4075 Seyburn, Detroit, MI - a fantastic duplex property that offers both comfort and investment potential. This well-maintained property features two generous units, each boasting 3 bedrooms.

Unit 1 is a savvy investor's dream, already leased to a reliable Section 8 tenant who pays $990 a month. This guaranteed income stream provides a stable foundation for your investment portfolio.

Unit 2 is thoughtfully designed, featuring 3 bedrooms that provide ample space for families or individuals looking for comfortable living arrangements. convenient location ensures easy access to local amenities, schools, parks, and transportation options.

Key Features:

Duplex with 3 Bedrooms in Each Unit
Unit 1 Rented to Section 8 Tenant for $990/month
Unit 2 Offers Open-Concept Living
Well-Maintained Property
Spacious Backyard
Convenient Location near Amenities and Transportation

Whether you're looking to expand your real estate portfolio or searching for a property with income-generating potential, 4075 Seyburn presents an exciting opportunity. Don't miss out on this chance to own a versatile duplex in a thriving Detroit community. Schedule a viewing today and explore the possibilities this property has to offer!

Last Agent to Sell the Property

Marta Kopania

Realtyflo Inc License #6501424283 Listed on: 08/07/2023

Last Buyer's Agent

Russ Ragone

KW Showcase Realty License #6501436991

KW Showcase Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1910 | Remodeled in 2023

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 46.00 x 160.00

Home Design

  • Bungalow
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,171 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W17I010849S

Community Details

Overview

  • 2 Units
  • C M Harmons Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,523

Year Built

Built in 1910 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1910
  • State Equalized Value: 21900.0000
  • Year Renovated: 2023
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2171
  • Total Sq Ft: 2171
  • Sq Ft Total Bsmt: 1019

Exterior Features

  • Foundation Details: Basement
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas, Wood
  • Heating: Wall/Floor Furnace
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 46.00 x 160.00
  • Parcel Number: W17I010849S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 990

Tax Info

  • Tax Amount Summer: 1351.0000
  • Tax Amount Winter: 172.0000
  • Total Tax: 1523.0000
  • Taxable Value: 18284.0000

Multi Family

  • Gross Scheduled Income: 11880.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2023
Closed on
Nov 9, 2023
Sold by
Benouattas Ahissa
Bought by
Barron Terence
Seller's Agent
Marta Kopania
Realtyflo Inc
Buyer's Agent
Russ Ragone
KW Showcase Realty
List Price
$120,000
Sold Price
$87,000
Premium/Discount to List
-$33,000
-27.5%
Views
79
Current Estimated Value
$124,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,880
Avg. Annual Appreciation
31.46%

Purchase Details

Closed on
Oct 19, 2021
Sold by
Pareso Llc
Bought by
Benouattas Ahissa

Purchase Details

Listed on
Feb 19, 2019
Closed on
Mar 1, 2019
Sold by
Khan Shamron
Bought by
Pareso Llc
Seller's Agent
Maynard Neal
NERG Real Estate Experts
Buyer's Agent
Chanell Rice
Community Choice Realty Inc
List Price
$14,000
Sold Price
$17,000
Premium/Discount to List
$3,000
21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.67%

Purchase Details

Closed on
Nov 15, 2004
Sold by
Us Bank Na
Bought by
Khan Shamroon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2003
Sold by
Webb Delores M
Bought by
U S Bank National Assn and Csfb Abs Trust Series 2001-He12
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
Barron Terence $87,000 Old Woodward Title Agency
Benouattas Ahissa -- None Available
Pareso Llc $17,000 First Title And Escrow Inc
Khan Shamroon $5,000 Attorneys Title Agency Llc
U S Bank National Assn $40,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khan Shamroon $63,000
Previous Owner Khan Shamroon $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2023 11/10/23 Sold $87,000 -17.1% $40 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/13/2023 09/13/23 Price Changed $105,000 -8.7% $48 / Sq Ft
09/10/2023 09/10/23 Price Changed $115,000 -4.2% $53 / Sq Ft
08/21/2023 08/21/23 For Sale $120,000 0.0% $55 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $120,000 +605.9% $55 / Sq Ft
03/01/2019 03/01/19 Sold $17,000 +21.4% $11 / Sq Ft
02/27/2019 02/27/19 For Sale $14,000 0.0% $9 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $14,000 -- $9 / 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 $2,212 $40,100 $0 $0
2024 $2,212 $33,500 $0 $0
2023 $1,387 $26,600 $0 $0
2022 $1,724 $21,900 $0 $0
2021 $1,785 $17,700 $0 $0
2020 $1,868 $18,400 $0 $0
2019 $781 $15,000 $0 $0
2018 $700 $13,100 $0 $0
2017 $111 $14,500 $0 $0
2016 $856 $6,100 $0 $0
2015 $610 $6,100 $0 $0
2013 $711 $7,107 $0 $0
2010 -- $10,420 $632 $9,788
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230065683

Realcomp

APN: 17-010849