NOT LISTED FOR SALE

Estimated Value: $226,000 - $397,000

12 Beds
8 Baths
3,132 Sq Ft
$105/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $280,000 $89 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,493/month

97 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Awning
  • 2-minute walk to Sylvester-Seyburn Park

About This Home

As of October 2021

TURNKEY INVESTMENT, LIVE, WORK! SOLID BRICK Quad Total 8-units. Exciting time to be a part of the redevelopment in the area. One building consist of 2-bedrooms /1 bath each, separate basements, 3 of the 4 occupied with M2M tenants; 2nd building vacant, features 1 bedroom / 1 bath each this building requires rehab, both buildings are individually metered; owner pays water. 2-car garage, covered porches, and walkout, lovely backyard and glass block windows. Property has much upswing for an investor with original woodwork. DO NOT DISTURB OR APPORACH TENANTS. Sold "AS IS". BUYER MUST BE ACCOMPANIED BY AGENT, Adhere to COVID19 Guidelines and Landlord Tenant Rights. POF prior to showing. SentriLock Access, Camera on the property. Conduct due diligence during visit. Access to vacant building and 1-vacant 2 bedroom only. Move fast this will not last long and bring your best offer.

Last Agent to Sell the Property

Pernell Potter

Saturn Realty Group License #6501323036 Listed on: 07/14/2021

Last Buyer's Agent

Dwight Winfrey

Winwood Properties Inc License #6502130704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1910

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 68.00x132.00
  • Fenced

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 8 Full Bathrooms
  • 3,132 Sq Ft Home
  • Multi-Level Property
  • Awning
  • Basement
  • Crawl Space

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Breezeway

Utilities

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

Community Details

  • 8 Units
  • Rackhams Subdivision

Listing and Financial Details

  • Assessor Parcel Number W17I009329S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$734

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 4-10 Story
  • Year Built: 1910
  • State Equalized Value: 82100.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Walk-Out Access, Private
  • Sq Ft Combined: 3132
  • Total Sq Ft: 3132
  • Sq Ft Total Bsmt: 4900

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Lighting, Fenced
  • Foundation Materials: Block, Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Balcony, Porch - Covered, Patio, Porch, Breezeway, Patio - Covered, Covered
  • Road Frontage Type: Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Separate Meter
  • Heating: Forced Air, Hot Water, Wall Furnace
  • Sewer: Separate Meters, Sewer at Street
  • Water Heater Fuel: Separate Meters
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.21
  • Lot Dimensions: 68.00X132.00
  • Parcel Number: W17I009329S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 1550

Tax Info

  • Tax Amount Summer: 681.0000
  • Tax Amount Winter: 53.0000
  • Total Tax: 734.0000
  • Taxable Value: 5588.0000

Multi Family

  • Gross Scheduled Income: 18600.00
  • Number Of Units Total: 8
  • Unit Count: 2
  • Number of One Bedroom Units: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 29, 2021
Sold by
Fludd Edward
Bought by
New Detroit Housing Llc
Seller's Agent
Pernell Potter
Saturn Realty Group
Buyer's Agent
Dwight Winfrey
Winwood Properties Inc
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%
Current Estimated Value
$329,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,865
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Sep 14, 2011
Sold by
Anderson Angela
Bought by
Fludd Edward
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
New Detroit Housing Llc $280,000 Red Carpet Title Agency Llc
New Detroit Housing Llc -- Red Carpet Title Agency Llc
Fludd Edward $14,791 None Available
Fludd Edward -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $280,000 -5.1% $89 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/13/2021 10/13/21 Price Changed $295,000 -1.7% $94 / Sq Ft
09/30/2021 09/30/21 For Sale $300,000 0.0% $96 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $300,000 -- $96 / 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 $8,356 $177,700 $0 $0
2024 $8,356 $149,300 $0 $0
2023 $8,129 $117,500 $0 $0
2022 $8,972 $97,600 $0 $0
2021 $735 $77,800 $0 $0
2020 $734 $82,100 $0 $0
2019 $725 $66,500 $0 $0
2018 $752 $51,800 $0 $0
2017 $99 $58,000 $0 $0
2016 $803 $5,500 $0 $0
2015 $550 $5,500 $0 $0
2013 $645 $6,445 $0 $0
2010 -- $9,449 $1,131 $8,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210056009

Realcomp

APN: 17-009329