NOT LISTED FOR SALE

4366 Balfour Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $129,000 - $167,601

4 Beds
2 Baths
2,222 Sq Ft
$65/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $109,000 $49 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,001/month

35 Days on Market

About This Home

As of August 2021

Fully occupied duplex on one of the best streets in Morningside. Well maintained, professionally managed asset currently brining in $1445 between the two units. Both units actively leased. No showings without accepted offer! Do not disturb tenants!

Last Agent to Sell the Property

Ben Ness

Clyde Realty LLC License #6501394137 Listed on: 05/05/2021

Co-Listed By

Alex Lauer

Clyde Realty LLC License #6501387117

Last Buyer's Agent

Kiara Waymer

EXP Realty Main License #6501430471

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x130.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,222 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W21I067661S

Community Details

Overview

  • 2 Units
  • East Detroit Development Cos No 3 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,952

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 25200.0000
  • Pets Allowed: Yes
  • 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: 2222
  • Total Sq Ft: 2222
  • Sq Ft Total Bsmt: 400

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 833333.3300
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X130.00
  • Parcel Number: W21I067661S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 1445

Tax Info

  • Tax Amount Summer: 1779.0000
  • Tax Amount Winter: 173.0000
  • Total Tax: 1952.0000
  • Taxable Value: 18217.0000

Multi Family

  • Gross Scheduled Income: 17340.00
  • Number Of Units Total: 2
  • Unit Count: 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

Closed on
Apr 25, 2025
Sold by
Tesh 1 Llc
Bought by
Aleta Capital Llc
Current Estimated Value
$143,650

Purchase Details

Closed on
Feb 3, 2025
Sold by
Huynh William
Bought by
Tesh 1 Llc

Purchase Details

Listed on
May 5, 2021
Closed on
Aug 4, 2021
Sold by
4366 Balfour Llc
Bought by
Lombard Asset Management Llc
Seller's Agent
Ben Ness
Clyde Realty LLC
Buyer's Agent
Kiara Waymer
EXP Realty Main
List Price
$100,000
Sold Price
$109,000
Premium/Discount to List
$9,000
9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$76,300
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2016
Sold by
Sabree Eric R
Bought by
4366 Balfou Llc

Purchase Details

Closed on
Nov 14, 2006
Sold by
Pearsall Maryann
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2005-Wl1

Purchase Details

Closed on
Aug 10, 2006
Sold by
Pearsall Maryann
Bought by
Long Beach Mortgage Co

Purchase Details

Closed on
Jun 5, 2001
Sold by
J & J Youth Services
Bought by
Pearsall Willye J
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
Aleta Capital Llc $136,000 Michigan Investment Title
Aleta Capital Llc $136,000 Michigan Investment Title
Tesh 1 Llc $60,000 Detroit Metro Title Agency
Lombard Asset Management Llc -- None Available
Huynh William $109,000 First American Title
4366 Balfou Llc $8,800 None Available
Deutsche Bank National Trust Co $3,000 None Available
Long Beach Mortgage Co $95,859 None Available
Pearsall Willye J $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huynh William $76,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Sold $109,000 +9.0% $49 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $100,000 -- $45 / 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 $2,974 $69,600 $0 $0
2024 $2,974 $57,900 $0 $0
2023 $3,137 $45,600 $0 $0
2022 $3,365 $34,600 $0 $0
2021 $1,953 $28,000 $0 $0
2020 $1,952 $25,200 $0 $0
2019 $1,922 $21,400 $0 $0
2018 $1,684 $17,800 $0 $0
2017 $324 $17,100 $0 $0
2016 $1,762 $20,900 $0 $0
2015 $2,090 $20,900 $0 $0
2013 $2,823 $28,234 $0 $0
2010 -- $41,395 $1,263 $40,132
Source: Public Records

Agents Affiliated with this Home

  • Ben Ness

    Seller's Agent in 2021

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    22 in this area

    403 Total Sales

    Ben Ness
    Section Image
  • Alex Lauer

    Seller Co-Listing Agent in 2021

    Alex Lauer

    Clyde Realty LLC

    (313) 230-0510

    20 in this area

    383 Total Sales

    Alex Lauer
    Section Image

  • K

    Buyer's Agent in 2021

    Kiara Waymer

    EXP Realty Main

    Section Image
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Map

Source: Realcomp

MLS Number: 2210032297

Realcomp

APN: 21-067661

Michigan Wayne County Detroit 48224 Morningside

4366 Balfour Rd, Detroit, MI

This home is located at 4366 Balfour Rd, Detroit, MI 48224 since 05 May 2021 and is currently estimated at $143,650, approximately $64 per square foot. This property was built in 1928. 4366 Balfour Rd 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.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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