NOT LISTED FOR SALE

4563 Commonwealth St Detroit, MI 48208

Woodbridge Neighborhood

Estimated Value: $1,320,254

14 Beds
8 Baths
7,108 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $1,150,000 $162 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,846/month

20 Days on Market

About This Home

As of October 2022

O’Connor Real Estate is pleased to offer for sale the Crozier & Audrey apartment buildings in the historic Woodbridge neighborhood. Anchoring the vibrant corner of Commonwealth and West Forest, the two quadplex buildings are home to eight apartments that feature charming original details with modern updates and a lush green courtyard for the residents. Open House Tour Dates Wednesday 6/22 1:30pm - 3:30pm. Call for Offers Monday 6/27 by 5pm.The Crozier & Audrey buildings are located within the historic Woodbridge neighborhood of Detroit, and just a few blocks from Wayne State University. The two brick quadplex apartment buildings anchor the corner of Commonwealth & West Forest and are designed alike with a large covered front porch, original cornice wrapping the facade, bay windows, wood trim work, and a landscaped courtyard for the residents. There are original hardwood floors throughout the eight apartments, and also feature terrazzo bathroom floors, stainless appliances and rear patios. Two of the apartments have been updated with modern kitchens and spa-like bathrooms with zero entry showers. The unfinished garden level features resident storage and could be finished into two additional apartments.

Last Agent to Sell the Property

James Tumey

O'Connor Realty Detroit, LLC License #6501379881 Listed on: 06/17/2022

Last Buyer's Agent

James Tumey

O'Connor Realty Detroit, LLC License #6501379881 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913 | Remodeled in 2000

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58.00 x 130.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 7,108 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Walk-Out Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W08I006229S

Community Details

Overview

  • 8 Units
  • More Than One Subdivision Involved

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,523

Year Built

Built in 1913 | Remodeled in 2000

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1913
  • State Equalized Value: 68100.0000
  • Year Renovated: 2000
  • Pets Allowed: Breed Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Access
  • Sq Ft Combined: 7108
  • Total Sq Ft: 7108
  • Sq Ft Total Bsmt: 3554

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: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 58.00 x 130.00
  • Parcel Number: W08I006229S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water, Yard Maintenance
  • Monthly Rental Income: 10830

Tax Info

  • Tax Amount Summer: 1395.0000
  • Tax Amount Winter: 128.0000
  • Total Tax: 1523.0000
  • Taxable Value: 13554.0000

Multi Family

  • Gross Scheduled Income: 129960.00
  • Number Of Units Total: 8
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 6
  • Number Of Units Leased: 8

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Sep 30, 2022
Sold by
4563 Commonwealth Llc
Bought by
4563 Commonwealth Properties Llc
Seller's Agent
James Tumey
O'Connor Realty Detroit, LLC
Buyer's Agent
James Tumey
O'Connor Realty
List Price
$1,455,000
Sold Price
$1,150,000
Premium/Discount to List
-$305,000
-20.96%
Total Days on Market
20
Current Estimated Value
$1,320,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,254
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Jan 9, 2015
Sold by
Hixson Douglas C
Bought by
Hixson Douglas C and The Douglas C Hixson Living Trust
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
4563 Commonwealth Properties Llc $1,150,000 Ata National Title
Hixson Douglas C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hixson Douglas C $433,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $1,150,000 -21.0% $162 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $1,455,000 -- $205 / 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 $29,224 $427,000 $0 $0
2023 $28,586 $368,200 $0 $0
2022 $1,464 $215,200 $0 $0
2021 $1,423 $68,100 $0 $0
2020 $1,423 $64,700 $0 $0
2019 $1,501 $45,700 $0 $0
2018 $1,326 $42,000 $0 $0
2017 $238 $35,700 $0 $0
2016 $1,446 $196,200 $0 $0
2015 $1,240 $12,400 $0 $0
2013 $1,468 $14,676 $0 $0
2010 -- $21,517 $1,296 $20,221
Source: Public Records

Agents Affiliated with this Home

  • James Tumey

    Seller's Agent in 2022

    James Tumey

    O'Connor Realty Detroit, LLC

    (586) 419-6271

    5 in this area

    49 Total Sales

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Map

Source: Realcomp

MLS Number: 20221006969

Realcomp

APN: 08-006229

Michigan Wayne County Detroit 48208 Woodbridge

4563 Commonwealth St, Detroit, MI

This home is located at 4563 Commonwealth St, Detroit, MI 48208 since 17 June 2022 and is currently estimated at $1,320,254, approximately $185 per square foot. This property was built in 1913. 4563 Commonwealth St is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

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