NOT LISTED FOR SALE

4835 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $87,000 - $91,000

3 Beds
1 Bath
506 Sq Ft
$174/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $13,500 $27 Per Sq Ft

Est. 553% increase in value since last sale

Current estimated payment $630/month

11 Days on Market

Highlights

  • Ground Level Unit
  • No HOA
  • Bungalow
  • Cass Technical High School Rated 10
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of June 2020

Investors & flippers are you looking for your next fixer upper, well look no further cause this little hidden gem is just that. With a creative eye and some elbow grease this 3 bedroom 1 bathroom bungalow can become the talk if the block. Sold via warranty deed with a clear title no back taxes or water dues. Buyer to pay $395 processing fee to listing broker. As-is sale. Buyer responsible for city inspections or requirements, if any exist. Land Contract terms available at $20,000 purchase price, $8,000 down payment, 8% interest, $600/month, term is negotiable. Call to schedule your showing today! Sold via warranty deed with a clear title no back taxes or water dues. Buyer to pay $395 processing fee to listing broker. As-is sale. Buyer responsible for city inspections or requirements, if any exist. Land Contract terms available at $20,000 purchase price, $8,000 down payment, 8% interest, $600/month, term is negotiable. Call to schedule your private showing today!

Last Agent to Sell the Property

Derek Lievens

Market Elite Inc License #6501393040 Listed on: 06/03/2020

Last Buyer's Agent

Derek Lievens

Market Elite Inc License #6501393040 Listed on: 06/03/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00x134.00

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Harris Mary L Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I077520S

Home Details

Home Type

Single Family

Est. Annual Taxes

$51

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1925
  • State Equalized Value: 800.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 506
  • Total Sq Ft: 506
  • Sq Ft Total Bsmt: 500

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 99333.3333
  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00X134.00
  • Parcel Number: W21I077520S

Rental Info

  • Deposit Amount: 8000.00

Tax Info

  • Tax Amount Summer: 44.0000
  • Tax Amount Winter: 7.0000
  • Total Tax: 51.0000
  • Taxable Value: 716.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2023
Sold by
Ailes James Walter
Bought by
Detroit Land Bank Authority
Current Estimated Value
$88,097

Purchase Details

Listed on
Jun 3, 2020
Closed on
Jun 22, 2020
Sold by
D With W Holdings Llc
Bought by
Ailes James Michael
Seller's Agent
Derek Lievens
Market Elite Inc
Buyer's Agent
Derek Lievens
Market Elite Inc
List Price
$14,900
Sold Price
$13,500
Premium/Discount to List
-$1,400
-9.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.73%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Detroit Land Bank Authority -- None Listed On Document
Ailes James Michael $13,500 Red Carpet Title Agency Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2020 06/23/20 Sold $13,500 -9.4% $27 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $14,900 -- $29 / 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 $1,921 $0 $0 $0
2024 $1,921 $33,700 $0 $0
2023 $1,157 $24,900 $0 $0
2022 $1,249 $16,800 $0 $0
2021 $1,215 $13,200 $0 $0
2020 $720 $11,800 $0 $0
2019 $776 $9,900 $0 $0
2018 $641 $9,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Derek Lievens

    Seller's Agent in 2020

    Derek Lievens

    Market Elite Inc

    (586) 251-0291

    1 in this area

    94 Total Sales

    Derek Lievens
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200040022

Realcomp

APN: 27-073260

Michigan Wayne County Detroit 48224 Cornerstone Village

4835 University Place, Detroit, MI

This home is located at 4835 University Place, Detroit, MI 48224 since 03 June 2020 and is currently estimated at $88,097, approximately $174 per square foot. This property was built in 1925. 4835 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes