NOT LISTED FOR SALE

Estimated Value: $93,000 - $158,000

4 Beds
2 Baths
2,158 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $130,000 $60 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $797/month

53 Days on Market

Highlights

  • Colonial Architecture
  • Terrace
  • Balcony
  • Cass Technical High School Rated 10
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of March 2024

SKY-HIGH ROI - This beautifully restored brick duplex in the bustling Russell Woods community is an investor's dream. Currently fully rented for a total of $1,575 per month. City certified, inspected and professionally managed. Fully refurbished in December 2021 with new electrical, vinyl windows, roof, heating system, hot water tanks, drywall, cabinets, floors and much more. Each unit features 2 bedrooms, living room, dining room, full bathroom and kitchen. Gorgeous oak wood flooring throughout. Tremendous neighborhood with a good mixture of multifamily and single family homes. Call today with any questions.

Last Agent to Sell the Property

Al Baydoun

U.S. Investor Group License #6501424036 Listed on: 01/01/2024

Co-Listed By

Sam Berri

U.S. Investor Group License #6501413969

Last Buyer's Agent

Kevin Cermak

National Realty Centers, Inc License #6501396392

National Realty Centers, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916 | Remodeled in 2021

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 43.00 x 101.00
  • Fenced

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,158 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Terrace

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Stacks Lovett Ave Subdivision

Listing and Financial Details

  • Assessor Parcel Number W14I004385C400
  • $7,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,405

Year Built

Built in 1916 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1916
  • State Equalized Value: 13100.0000
  • Year Renovated: 2021
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2158
  • Total Sq Ft: 2158
  • Sq Ft Total Bsmt: 1062

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 43
  • Porch Type: Balcony, Porch - Covered, Porch, Terrace
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 43.00 x 101.00
  • Parcel Number: W14I004385C400
  • Zone Conform: Yes
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1575

Tax Info

  • Tax Amount Summer: 1294.0000
  • Tax Amount Winter: 111.0000
  • Total Tax: 1405.0000
  • Taxable Value: 12390.0000

Multi Family

  • Gross Scheduled Income: 18900.00
  • Number Of Units Total: 2
  • Number of Two 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
Jan 1, 2024
Closed on
Mar 21, 2024
Sold by
Morel Real Estate Llc
Bought by
Butler Tramaine
Seller's Agent
Al Baydoun
U.S. Investor Group
Buyer's Agent
Kevin Cermak
National Realty Centers, Inc
List Price
$136,000
Sold Price
$130,000
Premium/Discount to List
-$6,000
-4.41%
Views
157
Current Estimated Value
$130,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$662
Avg. Annual Appreciation
0.35%
Original Mortgage
$123,500
Outstanding Balance
$121,616
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$9,046

Purchase Details

Closed on
Nov 30, 2021
Sold by
Rj Property Equity Llc
Bought by
Morel Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2021
Sold by
Monge Adrian O
Bought by
Rj Property Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 12, 2019
Closed on
Sep 6, 2019
Sold by
Champagne John
Bought by
Monge Adrian D
Seller's Agent
Nolan Kimbrough
Clients First, REALTORS®
Buyer's Agent
Realtor Tanisha Garris
Real Estate One-Southfield
List Price
$89,900
Sold Price
$89,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%
Original Mortgage
$85,405
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 25, 2019
Sold by
Thomas Helen and Mallory Emanuel
Bought by
Champagne John
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
Butler Tramaine $130,000 Embassy Title Agency
Butler Tramaine $130,000 Embassy Title Agency
Morel Real Estate Llc $129,900 None Listed On Document
Rj Property Equity Llc $100,000 Embassy Title Agency
Monge Adrian D $89,900 None Available
Champagne John $7,163 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Tramaine $123,500
Closed Butler Tramaine $123,500
Previous Owner Rj Property Equity Llc $65,000
Previous Owner Monge Adrian $85,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $130,000 -4.4% $60 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
01/01/2024 01/01/24 For Sale $136,000 +51.3% $63 / Sq Ft
09/09/2019 09/09/19 Sold $89,900 0.0% $42 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/12/2019 07/12/19 For Sale $89,900 -- $42 / 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 $1,080 $24,500 $0 $0
2024 $1,080 $16,100 $0 $0
2023 $1,294 $13,100 $0 $0
2022 $1,371 $11,800 $0 $0
2021 $1,033 $8,800 $0 $0
2020 $1,331 $11,200 $0 $0
2019 $1,163 $9,300 $0 $0
2018 $1,056 $9,300 $0 $0
2017 $107 $8,500 $0 $0
2016 $787 $24,500 $0 $0
2015 $590 $5,900 $0 $0
2013 $824 $8,239 $0 $0
2010 -- $11,804 $756 $11,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240000033

Realcomp

APN: 14-004385-400