NOT LISTED FOR SALE

4740 Cortland St Detroit, MI 48204

Russell Woods Neighborhood

Estimated Value: $46,000 - $136,000

-- Bed
2 Baths
2,324 Sq Ft
$34/Sq Ft Est. Value

Last Sold January 24, 2024

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

Est. 100% increase in value since last sale

Current estimated payment $519/month

15 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Garage
  • 3-minute walk to Russell Woods Park
  • Cass Technical High School Rated 10
  • Heating System Uses Steam

About This Home

As of January 2024

Russell Woods Sub, Income Property Opportunity! Spacious brick 2-family flat featuring 2 bedrooms each, living room, dining room, kitchens, separate basements, 2 car garage, and newer boilers just to name a few. Show and Sell.

Last Agent to Sell the Property

Crystal Hardison

KW Advantage License #6506045637 Listed on: 01/06/2024

KW Advantage

Last Buyer's Agent

Crystal Hardison

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35x110

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Community Details

  • 2 Units
  • Russell Woods Subdivision

Listing and Financial Details

  • Tenant pays for electric, water, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 35X110
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1355.85
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: Russell Woods
  • Heat Type:Steam: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 49900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Steam, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Sewer Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 35X110
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1355.85
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
Walausa Llc
Bought by
Det25 Holdings Spe Llc
Current Estimated Value
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$804,600
Outstanding Balance
$797,089
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$717,089

Purchase Details

Closed on
Jan 22, 2023
Sold by
Brown Charles B
Bought by
Walausa Llc

Purchase Details

Closed on
Jul 24, 2019
Sold by
Brown William E
Bought by
Brown Charles B and Brown Charles

Purchase Details

Closed on
Apr 5, 2002
Sold by
Jackson Gloria
Bought by
Brown Catherine
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
Det25 Holdings Spe Llc -- First American Title
Walausa Llc $40,000 None Listed On Document
Brown Charles B -- None Available
Brown Catherine $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Det25 Holdings Spe Llc $804,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2024 01/24/24 Sold $40,000 -19.8% $17 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $49,900 -- $21 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $1,035 $48,400 $0 $0
2024 $1,035 $47,400 $0 $0
2023 $1,250 $38,600 $0 $0
2022 $1,324 $30,600 $0 $0
2021 $2,843 $22,500 $0 $0
2020 $2,190 $20,900 $0 $0
2019 $1,273 $16,000 $0 $0
2018 $1,133 $15,400 $0 $0
2017 $191 $15,100 $0 $0
2016 $1,230 $30,400 $0 $0
2015 $1,180 $11,800 $0 $0
2013 $1,310 $13,101 $0 $0
2010 -- $18,183 $811 $17,372
Source: Public Records

Agents Affiliated with this Home

  • Crystal Hardison

    Seller's Agent in 2024

    Crystal Hardison

    KW Advantage

    (313) 790-4484

    1 in this area

    66 Total Sales

    Crystal Hardison
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24001890

Southwestern Michigan Association of REALTORS®

APN: 14-004595

Michigan Wayne County Detroit 48204 Russell Woods

4740 Cortland St, Detroit, MI

This home is located at 4740 Cortland St, Detroit, MI 48204 since 06 January 2024 and is currently estimated at $80,000, approximately $34 per square foot. This property was built in 1925. 4740 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.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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