NOT LISTED FOR SALE

4516 Cortland St Detroit, MI 48204

Russell Woods Neighborhood

Estimated Value: $59,000 - $145,954

4 Beds
4 Baths
2,400 Sq Ft
$43/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $40,000 $17 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $617/month

160 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 4-minute walk to Russell Woods Park

About This Home

As of January 2022

TWO UNIT BUILDING LOCATED IN THE AMAZING UP AND COMING RUSSEL WOODS AREA! OWNER RECENTLY REMODELED. 2 BEDROOM THAT FEATURES LIVING ROOM, DINING ROOM, FULL BATH IN EACH UNIT. THIS DOUBLE UNIT HOME NEEDS SOME RENOVATIONS. THE OWNER JUST REPLACED ALL WINDOWS. ROOF IS OK. THIS DOUBLE UNIT HOME IS AN IDEAL PURCHASE FOR LARGE FAMILIES OR INVESTORS. COME AND TAKE A LOOK AT YOUR NEXT HIGH LEVEL STREAM OF INCOME! PRICED BELOW MARKET VALUE! BRING ALL OFFERS!

Last Agent to Sell the Property

Marcus Edwards

Redfin Corporation License #6501309672 Listed on: 08/05/2021

Redfin Corporation

Last Buyer's Agent

Cindy Phan

RE/MAX Nexus License #6501427494

RE/MAX Nexus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x110.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W14I004597S

Community Details

Overview

  • 2 Units
  • Russell Woods Subdivision

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$791

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 10100.0000
  • Pets Allowed: Number Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2400
  • Total Sq Ft: 2400
  • Sq Ft Total Bsmt: 1131

Exterior Features

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

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X110.00
  • Parcel Number: W14I004597S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 717.0000
  • Tax Amount Winter: 74.0000
  • Total Tax: 791.0000
  • Taxable Value: 7846.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • 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
Aug 5, 2021
Closed on
Jan 21, 2022
Sold by
Shamika Miller
Bought by
Coast To Coast Usa Llc
Seller's Agent
Marcus Edwards
Redfin Corporation
Buyer's Agent
Cindy Phan
RE/MAX Nexus
List Price
$59,900
Sold Price
$40,000
Premium/Discount to List
-$19,900
-33.22%
Current Estimated Value
$102,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,239
Avg. Annual Appreciation
31.04%

Purchase Details

Closed on
Oct 20, 2016
Sold by
The Detroit Land Bank Authority
Bought by
Miller Shamika

Purchase Details

Closed on
Jan 6, 2015
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Nov 18, 2011
Sold by
Wojtowicz Raymond J
Bought by
Mcclain Richard B

Purchase Details

Closed on
Jul 10, 2011
Sold by
Hamlin Kathy
Bought by
Phoenix 1031 Exchange Service Llc and The 4516 Cortland Land Trust #3502528
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
Coast To Coast Usa Llc $40,000 Speedy Title & Escrow Services
Miller Shamika $1,400 None Available
Detroit Land Bank Authority -- None Available
Mcclain Richard B $500 None Available
Phoenix 1031 Exchange Service Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coast To Coast Usa Llc $165,000
Closed Coast To Coast Usa Llc $100,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $40,000 -16.7% $17 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
11/01/2021 11/01/21 Price Changed $48,000 -4.0% $20 / Sq Ft
10/08/2021 10/08/21 Price Changed $50,000 -7.2% $21 / Sq Ft
09/15/2021 09/15/21 Price Changed $53,900 -6.1% $22 / Sq Ft
08/25/2021 08/25/21 Price Changed $57,400 -4.2% $24 / Sq Ft
08/05/2021 08/05/21 For Sale $59,900 -- $25 / 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 $717 $50,800 $0 $0
2024 $717 $38,800 $0 $0
2023 $694 $5,900 $0 $0
2022 $817 $14,700 $0 $0
2021 $251 $0 $0 $0
2020 $792 $10,100 $0 $0
2019 $881 $7,700 $0 $0
2018 $787 $7,600 $0 $0
2017 $142 $7,500 $0 $0
2016 $340 $0 $0 $0
2015 $80 $800 $0 $0
2013 $1,885 $24,202 $0 $0
2010 -- $33,592 $808 $32,784
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marcus Edwards

    Redfin Corporation

    Section Image

  • C

    Buyer's Agent in 2022

    Cindy Phan

    RE/MAX

    Section Image
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Map

Source: Realcomp

MLS Number: 2210064279

Realcomp

APN: 14-004597

Michigan Wayne County Detroit 48204 Russell Woods

4516 Cortland St, Detroit, MI

This home is located at 4516 Cortland St, Detroit, MI 48204 since 05 August 2021 and is currently estimated at $102,239, approximately $42 per square foot. This property was built in 1926. 4516 Cortland St is a home located in Wayne County with nearby schools including Durfee Elementary-Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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