NOT LISTED FOR SALE

426 Genessee St River Rouge, MI 48218

Estimated Value: $141,000 - $209,000

6 Beds
5 Baths
2,568 Sq Ft
$72/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $145,000 $56 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,440/month

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • 3-minute walk to Memorial Park

About This Home

As of May 2023

Quadraplex in prime River Rouge. Fully occupied with long term tenants. The current rents are below market value and can be raised.

Last Agent to Sell the Property

Ryan Heward

Golden Key Real Estate License #6502401117 Listed on: 04/17/2023

Co-Listed By

Dustin Shaeffer

Golden Key Real Estate License #6501410272

Last Buyer's Agent

Johnny Gewarges

EXP Realty License #6501397543

EXP Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30.60 x 143.00

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Block Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 2,568 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Bellaires Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50004210040001

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 42900.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2568
  • Total Sq Ft: 2568
  • Sq Ft Total Bsmt: 1284

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 30.60 x 143.00
  • Parcel Number: 50004210040001
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2375

Tax Info

  • Tax Amount Summer: 2948.0000
  • Tax Amount Winter: 1358.0000
  • Total Tax: 4306.0000
  • Taxable Value: 42900.0000

Multi Family

  • Gross Scheduled Income: 28500.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 3

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Apr 27, 2023
Sold by
Holly11 Llc
Bought by
Harper-Connors Investment Llc
Seller's Agent
Ryan Heward
Golden Key Real Estate
Buyer's Agent
Johnny Gewarges
EXP Realty
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%
Total Days on Market
0
Current Estimated Value
$185,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,667
Avg. Annual Appreciation
12.69%

Purchase Details

Closed on
Jun 21, 2021
Sold by
Tazet Gerard
Bought by
Holly 11 Llc

Purchase Details

Closed on
Mar 13, 2017
Sold by
Lesur Property Invest Llc
Bought by
Tazel Gerard

Purchase Details

Closed on
May 9, 2016
Sold by
Sidelnikov Sergey and Sidelnikov Tanya
Bought by
Lesur Property Invest Llc

Purchase Details

Listed on
Dec 15, 2013
Closed on
Jun 5, 2014
Sold by
Walls Terrilynn and Walls Michael D
Bought by
Sidelnikov Sergey
Seller's Agent
Kathleen Sugajski
Real Estate One-Southgate
Buyer's Agent
Kevin Sabuda
Metropolitan Real Estate
List Price
$41,400
Sold Price
$36,000
Premium/Discount to List
-$5,400
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.08%
Original Mortgage
$25,200
Interest Rate
4.18%
Mortgage Type
New Conventional
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
Harper-Connors Investment Llc $145,000 None Listed On Document
Holly 11 Llc $252,000 None Available
Tazel Gerard -- None Available
Lesur Property Invest Llc $65,000 Fidelity Natl Title Co Llc
Sidelnikov Sergey $36,000 Michigan Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harper-Connors Investment Llc $578,700
Previous Owner Sidelnikov Sergey $25,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2023 05/10/23 Sold $145,000 -12.1% $56 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $165,000 +358.3% $64 / Sq Ft
06/06/2014 06/06/14 Sold $36,000 -13.0% $12 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
12/15/2013 12/15/13 For Sale $41,400 0.0% $14 / Sq Ft
02/28/2013 02/28/13 Rented $450 0.0% --
02/25/2013 02/25/13 Under Contract -- -- --
02/25/2013 02/25/13 For Rent $450 0.0% --
02/18/2013 02/18/13 Rented $450 0.0% --
02/15/2013 02/15/13 Under Contract -- -- --
11/15/2012 11/15/12 For Rent $450 -- --
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
2024 $4,781 $69,600 $0 $0
2023 $3,096 $54,800 $0 $0
2022 $4,306 $42,900 $0 $0
2021 $2,679 $36,400 $0 $0
2020 $2,697 $30,800 $0 $0
2019 $1,838 $27,600 $0 $0
2018 $1,794 $25,200 $0 $0
2017 $1,645 $25,700 $0 $0
2016 $2,712 $26,500 $0 $0
2015 $3,360 $33,600 $0 $0
2013 $2,924 $54,800 $0 $0
2012 $2,613 $53,000 $3,500 $49,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230028136

Realcomp

APN: 50-004-21-0040-001