NOT LISTED FOR SALE

4921 Cortland St Detroit, MI 48204

Russell Woods Neighborhood

Estimated Value: $130,000 - $148,000

5 Beds
2 Baths
1,935 Sq Ft
$73/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $123,000 $64 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $851/month

14 Days on Market

Highlights

  • Balcony
  • Porch
  • Laundry Facilities
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of September 2023

Fabulous Russel Woods duplex is ready for a new owner. With just a little bit of work, you'll have a great 2 unit investment property or you can house hack and live in one unit while renting the other. Property was recently converted to a single family home by removing the second floor kitchen- you would need to re-install the second floor kitchen finishes to turn it back into a working duplex. The first floor unit has 3 bedrooms, 1 bathroom, a large living room with fireplace, dining room and kitchen. The upper unit has 2 bedrooms, balcony, bathroom and a large open living room with fireplace. The first floor kitchen has been updated, 2 newer furnaces, vinyl replacement windows, fresh paint, some new carpet, updated bathrooms. Full basement awaits your finishing touches, or just use as extra storage space. Separate utilities, plenty of parking. Also listed as a single family home, MLS 20230046654.

Last Agent to Sell the Property

Joanna Darmanin

KW Metro License #6501312160 Listed on: 07/20/2023

KW Metro

Last Buyer's Agent

Ania Mack

Paramount One Realty LLC License #6501445337

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 36.00 x 135.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,935 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W14I004570S
  • $3,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Russell Woods Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1929
  • State Equalized Value: 400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1935

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Foundation Materials: Block
  • Porch Type: Balcony, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 36.00 x 135.00
  • Parcel Number: W14I004570S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 31.0000
  • Tax Amount Winter: 4.0000
  • Total Tax: 35.0000
  • Taxable Value: 400.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Sep 12, 2023
Sold by
Middle Key Properties Lp
Bought by
Dourrough Rutherford
Seller's Agent
Joanna Darmanin
KW Metro
Buyer's Agent
Ania Mack
Paramount One Realty LLC
List Price
$125,000
Sold Price
$123,000
Premium/Discount to List
-$2,000
-1.6%
Views
138
Current Estimated Value
$141,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,040
Avg. Annual Appreciation
6.64%

Purchase Details

Closed on
Dec 23, 2021
Sold by
Duplido Properties 2019 Llc
Bought by
Middle Key Properties Lp

Purchase Details

Listed on
May 6, 2021
Closed on
Oct 1, 2021
Sold by
Johnsons Redevelopment Group Llc
Bought by
Duplido Properties 2019 Llc
Seller's Agent
Kevin lewis
Realtyflo Inc
Buyer's Agent
Al Bazzy
Expert Business Brokers
List Price
$195,000
Sold Price
$120,000
Premium/Discount to List
-$75,000
-38.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%
Original Mortgage
$125,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2018
Sold by
The Detroit Land Bank Authority
Bought by
Johnson Redevelopment Group Llc

Purchase Details

Closed on
Jan 23, 2014
Sold by
Wayne County Treasurer
Bought by
Detroit Landbank Authority

Purchase Details

Closed on
Jul 1, 2010
Sold by
Light Of Truth Ministry Inc
Bought by
Aryss Group Inc

Purchase Details

Closed on
May 7, 2010
Sold by
Leumas Logistics Llc
Bought by
Light Of Truth Ministry Inc

Purchase Details

Closed on
Oct 15, 2009
Sold by
Whitfield Burgess D
Bought by
The Bank Of New York Mellon and The Bank Of New York
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
Dourrough Rutherford $123,000 None Listed On Document
Rutherford Dourrough $123,000 None Listed On Document
Middle Key Properties Lp $169,000 None Listed On Document
Duplido Properties 2019 Llc $120,000 Liberty Title
Johnson Redevelopment Group Llc $1,000 Title Source Inc
Detroit Landbank Authority -- None Available
Aryss Group Inc $500 None Available
Light Of Truth Ministry Inc -- None Available
The Bank Of New York Mellon $3,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duplido Properties 2019 Llc $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2023 09/15/23 Sold $123,000 -1.6% $64 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $125,000 +4.2% $65 / Sq Ft
10/04/2021 10/04/21 Sold $120,000 -11.0% $62 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
09/17/2021 09/17/21 Price Changed $134,900 -18.2% $70 / Sq Ft
06/27/2021 06/27/21 Price Changed $164,900 -12.8% $85 / Sq Ft
06/08/2021 06/08/21 Price Changed $189,000 -10.0% $98 / Sq Ft
05/07/2021 05/07/21 Price Changed $210,000 +7.7% $109 / Sq Ft
05/06/2021 05/06/21 For Sale $195,000 -- $101 / 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 $1,357 $22,600 $0 $0
2024 $1,357 $18,900 $0 $0
2023 $1,118 $11,400 $0 $0
2022 $417 $400 $0 $0
2021 $275 $400 $0 $0
2020 $275 $400 $0 $0
2019 $35 $400 $0 $0
2018 $0 $0 $0 $0
2017 $1,342 $0 $0 $0
2016 $340 $0 $0 $0
2015 $1,342 $0 $0 $0
2013 $1,342 $13,417 $0 $0
2010 -- $19,224 $637 $18,587
Source: Public Records

Agents Affiliated with this Home

  • Joanna Darmanin

    Seller's Agent in 2023

    Joanna Darmanin

    KW Metro

    (248) 225-7419

    1 in this area

    314 Total Sales

    Joanna Darmanin
    Section Image
  • Ania Mack

    Buyer's Agent in 2023

    Ania Mack

    Paramount One Realty LLC

    (313) 719-5748

    1 in this area

    17 Total Sales

    Ania Mack
    Section Image

  • K

    Seller's Agent in 2021

    Kevin lewis

    Realtyflo Inc

    (248) 390-9586

    1 in this area

    16 Total Sales

    Kevin lewis
    Section Image
  • Al Bazzy

    Buyer's Agent in 2021

    Al Bazzy

    Expert Business Brokers

    (313) 717-8808

    2 in this area

    171 Total Sales

    Al Bazzy
    Section Image

  • A

    Buyer's Agent in 2021

    Ali Bazzy

    Expert Business Brokers

    (313) 717-8808

    2 in this area

    84 Total Sales

    Ali Bazzy
    Section Image
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Map

Source: Realcomp

MLS Number: 20230046683

Realcomp

APN: 14-004570

Michigan Wayne County Detroit 48204 Russell Woods

4921 Cortland St, Detroit, MI

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