NOT LISTED FOR SALE

4577 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $66,000 - $112,000

3 Beds
1.5 Baths
777 Sq Ft
$111/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $10,250 $13 Per Sq Ft

Est. 733% increase in value since last sale

Current estimated payment $535/month

12 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Heating System Uses Steam
  • Cass Technical High School Rated 10
  • 1 Car Garage

About This Home

As of December 2016

Great opportunity for a owner occupant or investment property. HUD FHA 261-743281. HUD Lead Base Disclosure, FHA Insurability code, "IE" Insurable with Repair Escrow (which applies only to FHA 203(b) financing. 3% or $1000 comm to Selling Broker. NOTE: all HUD Earnest Money Deposits must be held by the Listing Broker and made payable to the Buyer's Closing Company, these funds must be in the form of certified funds and received at the Listing Broker's Office within 48 hours of an Accepted Bid. Buyer selects Closing Agent/Firm.

Last Agent to Sell the Property

Rutha Sharpe

Sharpe Properties Co Inc License #6502140009 Listed on: 10/12/2016

Last Buyer's Agent

Bill West

X1 Realty License #RCO-6502418647

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00x133.69

Parking

  • 1 Car Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Brick Foundation
  • Masonry

Interior Spaces

  • 777 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Lodewyck Subdivision

Listing and Financial Details

  • Assessor Parcel Number W27I071436S

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 777
  • Total Sq Ft: 777
  • Sq Ft Total Bsmt: 777

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Block/Concrete/Masonry, Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 75
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 33333.3333
  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00X133.69
  • Parcel Number: W27I071436S

Tax Info

  • Tax Amount Summer: 695.0000
  • Tax Amount Winter: 167.0000
  • Total Tax: 862.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2015
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop
Current Estimated Value
$85,391

Purchase Details

Closed on
Aug 21, 2014
Sold by
Westbrook Darrell E and Westbrook Bertha
Bought by
Midfirst Bank
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
The Secretary Of Housing & Urban Develop -- Attorney
Midfirst Bank $8,250 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $10,250 +105.0% $13 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/12/2016 10/12/16 For Sale $5,000 -- $6 / 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 $801 $36,300 $0 $0
2024 $801 $32,100 $0 $0
2023 $778 $23,700 $0 $0
2022 $861 $19,800 $0 $0
2021 $842 $15,500 $0 $0
2020 $593 $13,800 $0 $0
2019 $822 $11,600 $0 $0
2018 $675 $10,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rutha Sharpe

    Sharpe Properties Co Inc

  • Bill West

    Buyer's Agent in 2016

    Bill West

    X1 Realty

    (248) 270-2702

    42 Total Sales

    Section Image

  • W

    Buyer's Agent in 2016

    William West

    X1 Realty

See All Agents

Map

Source: Realcomp

MLS Number: 216100557

Realcomp

APN: 27-071436

Michigan Wayne County Detroit 48224 Cornerstone Village

4577 University Place, Detroit, MI

This home is located at 4577 University Place, Detroit, MI 48224 since 12 October 2016 and is currently estimated at $86,501, approximately $111 per square foot. This property was built in 1949. 4577 University Place is a home located in Wayne County with nearby schools including Marquette Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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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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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