NOT LISTED FOR SALE

Estimated Value: $104,000 - $133,000

4 Beds
2 Baths
2,016 Sq Ft
$57/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $81,700 $41 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $783/month

44 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Attic Fan
  • 5-minute walk to Russell Woods Park

About This Home

As of November 2020

BEAUTIFUL TURNKEY BRICK TWO FAMILY FLAT IN THE COVETED RUSSEL WOODS SUBDIVISION! PERFECT FOR INVESTOR OR HOMEOWNER WHO WANTS TO LIVE IN LOWER UNIT AND HAVE MORTGAGE PAID BY UPPER UNIT! Lower unit, currently $650/month. Upper unit, recently updated, $750/month, for a total of $1400/month or $16,800 per annum. Each unit has 2 bedrooms and 1 bathroom. Separate electrical, gas, and basements. Hardwood floors, natural fireplace and nice size yard! Warranty Deed provided.

Please do not approach tenants. Showings by appointment with proof of funds or approval letter.

Last Agent to Sell the Property

Hivenna Crockett

Great Lakes Real Estate Agency LLC License #6501355199 Listed on: 08/14/2020

Last Buyer's Agent

Heaven Pennymon

Powell Real Estate License #6501399831

Powell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x119.00

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,016 Sq Ft Home
  • 2-Story Property
  • Attic Fan
  • Carbon Monoxide Detectors
  • Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W14I005164S
  • $1,634 Seller Concession

Community Details

Overview

  • 2 Units
  • Russell Woods Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,676

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 15100.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Carbon Monoxide Alarm(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 2016
  • Total Sq Ft: 2016
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Attic Fan
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 799000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X119.00
  • Parcel Number: W14I005164S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 1533.0000
  • Tax Amount Winter: 143.0000
  • Total Tax: 1676.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • 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
Aug 14, 2020
Closed on
Nov 17, 2020
Sold by
Heal International Holdings Llc
Bought by
Redd Jason L
Seller's Agent
Hivenna Crockett
Great Lakes Real Estate Agency LLC
Buyer's Agent
Heaven Pennymon
Powell Real Estate
List Price
$79,900
Sold Price
$81,700
Premium/Discount to List
$1,800
2.25%
Current Estimated Value
$115,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,477
Avg. Annual Appreciation
7.74%
Original Mortgage
$61,275
Outstanding Balance
$55,756
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$61,193

Purchase Details

Closed on
Jan 25, 2017
Sold by
Pioneer Investments Llc
Bought by
Heal International Holdings Llc

Purchase Details

Closed on
Dec 23, 2016
Sold by
Leg Ventures Llc
Bought by
Pioneer Investments Llc

Purchase Details

Closed on
Apr 22, 2016
Sold by
Charter County Of Wayne
Bought by
Lindsay Gross Leg Ventures Llc
Source: Public Records

Range of Values:

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Average Value
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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
Redd Jason L $81,700 Regions Title Agency Llc
Heal International Holdings Llc -- Regions Title Agency Llc
Pioneer Investments Llc $40,000 None Available
Lindsay Gross Leg Ventures Llc $9,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Jason L $61,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $81,700 +2.3% $41 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/04/2020 09/04/20 Price Changed $79,900 -0.1% $40 / Sq Ft
08/28/2020 08/28/20 Price Changed $80,000 +0.1% $40 / Sq Ft
08/14/2020 08/14/20 For Sale $79,900 -- $40 / 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 $1,927 $59,400 $0 $0
2024 $1,927 $45,500 $0 $0
2023 $2,118 $37,100 $0 $0
2022 $2,263 $28,800 $0 $0
2021 $2,824 $21,300 $0 $0
2020 $1,771 $19,800 $0 $0
2019 $1,676 $15,100 $0 $0
2018 $1,533 $15,500 $0 $0
2017 $178 $15,300 $0 $0
2016 $1,167 $30,700 $0 $0
2015 $980 $9,800 $0 $0
2013 $1,021 $13,580 $0 $0
2010 -- $19,457 $1,042 $18,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200054693

Realcomp

APN: 14-005164