NOT LISTED FOR SALE

4617 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $113,000 - $150,782

5 Beds
4 Baths
1,274 Sq Ft
$102/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $26,000 $20 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $829/month

181 Days on Market

About This Home

As of February 2018

Great chance to produce income with this 2 family property in a very rent-able area. It features separate entrances, 3 bedrooms upstairs with large Kitchen, bath and hardwood floors. 1st floor unit has living room, dining room and 2 bedrooms. Minor work needed. Separate electric and one boiler.
Solid property in stable neighborhood near East English Village and Downtown Grosse Point. A nice maintained neighborhood in Detroit. Quit Claim Deed.

Last Agent to Sell the Property

Dwight Winfrey

Winwood Properties Inc License #6502130704 Listed on: 07/20/2017

Last Buyer's Agent

Ryan Kain

RE/MAX Leading Edge License #6501401697

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

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

Home Design

  • Poured Concrete

Interior Spaces

  • 1,274 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Community Details

  • 2 Units
  • Lodewyck Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I077525S
  • $780 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1928
  • 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: 1274
  • Total Sq Ft: 1274
  • Sq Ft Total Bsmt: 620

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Poured
  • 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: 199993.3333
  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00X133.69
  • Parcel Number: W21I077525S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 1063.0000
  • Tax Amount Winter: 140.0000
  • Total Tax: 1203.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Feb 22, 2018
Sold by
Barrett Shonda
Bought by
Ewing Real Estate Inverstmetns Llcq
Seller's Agent
Dwight Winfrey
Winwood Properties Inc
Buyer's Agent
Ryan Kain
RE/MAX Leading Edge
List Price
$49,999
Sold Price
$26,000
Premium/Discount to List
-$23,999
-48%
Current Estimated Value
$129,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,446
Avg. Annual Appreciation
23.25%

Purchase Details

Closed on
Nov 11, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Barrett Shonda
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
Ewing Real Estate Inverstmetns Llcq $26,000 Estates Title Agency
Barrett Shonda $2,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2018 02/22/18 Sold $26,000 -13.3% $20 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
10/20/2017 10/20/17 Price Changed $29,999 -21.1% $24 / Sq Ft
09/20/2017 09/20/17 Price Changed $38,000 -5.0% $30 / Sq Ft
08/11/2017 08/11/17 Price Changed $40,000 -20.0% $31 / Sq Ft
07/20/2017 07/20/17 For Sale $49,999 -- $39 / 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 $1,819 $65,700 $0 $0
2024 $1,819 $56,900 $0 $0
2023 $1,767 $42,300 $0 $0
2022 $1,891 $29,300 $0 $0
2021 $1,882 $23,100 $0 $0
2020 $1,836 $20,800 $0 $0
2019 $1,485 $17,700 $0 $0
2018 $979 $13,900 $0 $0
2017 $233 $14,200 $0 $0
2016 $1,204 $14,400 $0 $0
2015 $1,440 $14,400 $0 $0
2013 $2,055 $20,552 $0 $0
2010 -- $30,133 $1,084 $29,049
Source: Public Records

Agents Affiliated with this Home

  • Dwight Winfrey

    Seller's Agent in 2018

    Dwight Winfrey

    Winwood Properties Inc

    (313) 229-9474

    17 Total Sales

    Dwight Winfrey
    Section Image
  • Ryan Kain

    Buyer's Agent in 2018

    Ryan Kain

    RE/MAX

    (734) 626-7815

    3 in this area

    375 Total Sales

    Ryan Kain
    Section Image
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Map

Source: Realcomp

MLS Number: 217063581

Realcomp

APN: 21-077525

Michigan Wayne County Detroit 48224 Cornerstone Village

4617 University Place, Detroit, MI

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

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