NOT LISTED FOR SALE

Estimated Value: $1,309,000 - $1,642,000

4 Beds
3 Baths
2,703 Sq Ft
$528/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $885,000 $327 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,074/month

30 Days on Market

Highlights

  • Deck
  • Porch
  • Programmable Thermostat
  • Cass Technical High School Rated 10
  • Patio
  • 3-minute walk to 4th & Calumet Park

About This Home

As of August 2019

In the heart of Midtown is this completely renovated duplex. Each unit has 2 bedrooms w/ 2 baths in the lower unit & 1 in the upper; all baths are beautifully tiled. There are wood floors throughout the building. The kitchens are beautifully appointed and have granite countertops, stainless steel KitchenAid appliances, handsome plumbing & light fixtures, and bar seating for guests. The upper unit has a vaulted ceiling, tons of natural light and a private roof-top deck. This duplex is a historic building converted into modern living spaces, each with private entrances in the front & back, and a brand new roof in 2018. The back yard has new privacy fencing, spaces for dedicated off-street parking and even your own green space. It is surrounded by restaurants, coffee shops, and retail shops, as well as the Q-Line, Bike Stations and expressways. It is a turn-key investment, or choose to live in one unit and rent or use the other as your office. A unique offering with nothing else like it!

Last Agent to Sell the Property

Paula Kania Law

Max Broock, REALTORS®-Birmingham License #6502362480 Listed on: 06/20/2019

Last Buyer's Agent

Dominick Procopio

RE/MAX First License #6501371109

RE/MAX First

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915 | Remodeled in 2018

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 32x130
  • Private Entrance
  • Fenced

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,703 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 2 Parking Spaces
  • Lighted Parking
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W04I003413S

Community Details

Overview

  • 2 Units
  • Berrys John G Resub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1915 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1915
  • Year Renovated: 2018
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Programmable Thermostat
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2703
  • Total Sq Ft: 2703
  • Sq Ft Total Bsmt: 1100

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Exterior Features: Fenced, Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 32
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, Lighted, Paved
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 9250000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 32X130
  • Parcel Number: W04I003413S
  • Zoning: Commercial
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 5500

Tax Info

  • Tax Amount Summer: 22953.0000
  • Tax Amount Winter: 2785.0000
  • Total Tax: 25738.0000

Multi Family

  • Gross Scheduled Income: 66000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Aug 2, 2019
Sold by
Bollinger Robert and Martinez Simon
Bought by
4468 Third Street Llc
Seller's Agent
Paula Kania Law
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Dominick Procopio
RE/MAX First
List Price
$925,000
Sold Price
$885,000
Premium/Discount to List
-$40,000
-4.32%
Total Days on Market
30
Current Estimated Value
$1,427,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,045
Avg. Annual Appreciation
8.53%

Purchase Details

Listed on
Jan 23, 2018
Closed on
Feb 8, 2018
Sold by
Midtown Detroit Partners Llc
Bought by
Bollinger Robert
Seller's Agent
Matt O'Laughlin
Sold by VIE
Buyer's Agent
Paula Kania Law
Max Broock, REALTORS®-Birmingham
List Price
$829,000
Sold Price
$828,000
Premium/Discount to List
-$1,000
-0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%

Purchase Details

Closed on
Jan 10, 2017
Sold by
Live Midtown Detroit Llc
Bought by
Midtown Detrlt Partners Llc

Purchase Details

Closed on
Oct 14, 2013
Sold by
Debates Raymond
Bought by
Live Midtown Detroit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2013
Sold by
Hales Tabernacle United Primitive Baptis
Bought by
Debates Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.58%
Mortgage Type
Commercial
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
4468 Third Street Llc -- None Available
Bollinger Robert $828,000 Title Source Inc
Midtown Detrlt Partners Llc -- First American Title Ins Co
Midtown Detroit Partners Llc -- First American Title
Live Midtown Detroit Llc -- None Available
Debates Raymond $105,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Live Midtown Detroit Llc $180,000
Previous Owner Live Midtown Detroit Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold $885,000 -4.3% $327 / Sq Ft
06/20/2019 06/20/19 For Sale $925,000 +11.7% $342 / Sq Ft
02/08/2018 02/08/18 Sold $828,000 -0.1% $306 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $829,000 -- $307 / 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
2024 $24,763 $325,400 $0 $0
2023 $45,483 $589,500 $0 $0
2022 $53,527 $681,900 $0 $0
2021 $51,763 $589,000 $0 $0
2020 $53,137 $596,600 $0 $0
2019 $41,863 $590,500 $0 $0
2018 $22,953 $293,700 $0 $0
2017 $488 $30,800 $0 $0
2016 $2,367 $30,300 $0 $0
2015 $2,540 $27,500 $0 $0
2013 $100 $0 $0 $0
2010 -- $6,240 $6,240 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219060126

Realcomp

APN: 04-003413