NOT LISTED FOR SALE

4120 Somerset Ave Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $72,000 - $107,000

3 Beds
2 Baths
1,143 Sq Ft
$80/Sq Ft Est. Value

About This Home

This home is located at 4120 Somerset Ave, Detroit, MI 48224 and is currently estimated at $91,312, approximately $79 per square foot. 4120 Somerset Ave is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Bates Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Burns Marvis and Bedford Investments Us Lp
Bought by
Bedford Investments Spe Llc
Current Estimated Value
$91,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,285,000
Outstanding Balance
$2,073,283
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$1,981,971

Purchase Details

Closed on
Mar 1, 2020
Sold by
Wiggins Djuan
Bought by
Bedford Investments Us Lp

Purchase Details

Closed on
Oct 16, 2013
Sold by
Merritt Latisha
Bought by
Wiggins Djuan

Purchase Details

Closed on
Oct 24, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Merritt Latisha

Purchase Details

Closed on
Feb 8, 2011
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Aug 5, 2010
Sold by
Chapman Deidra M
Bought by
Midfirst Bank

Purchase Details

Closed on
Feb 29, 1996
Sold by
Chapman Deidra M
Bought by
R E Investments Inc
Source: Public Records

Range of Values:

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
Bedford Investments Spe Llc -- None Available
Bedford Investments Us Lp -- None Available
Wiggins Djuan $2,500 None Available
Merritt Latisha $4,000 None Available
The Secretary Of Housing & Urban Develop -- None Available
Midfirst Bank $46,648 None Available
R E Investments Inc $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bedford Investments Spe Llc $2,285,000
Source: Public Records

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 $1,241 $32,900 $0 $0
2024 $1,241 $26,900 $0 $0
2023 $1,205 $21,300 $0 $0
2022 $1,284 $19,300 $0 $0
2021 $1,249 $15,600 $0 $0
2020 $1,249 $14,000 $0 $0
2019 $1,230 $11,800 $0 $0
2018 $1,081 $11,200 $0 $0
2017 $203 $10,700 $0 $0
2016 $1,308 $14,100 $0 $0
2015 $1,410 $14,100 $0 $0
2013 $1,907 $19,065 $0 $0
2010 -- $27,952 $1,187 $26,765
Source: Public Records

Map

Michigan Wayne County Detroit 48224 Morningside

4120 Somerset Ave, Detroit, MI

This home is located at 4120 Somerset Ave, Detroit, MI 48224 and is currently estimated at $91,312, approximately $79 per square foot. 4120 Somerset Ave is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Bates Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes