NOT LISTED FOR SALE

501 E Bethune St Detroit, MI 48202

North End Neighborhood

Estimated Value: $22,683

0.16 Acre
$141,769 Price per Acre
6,970 Sq Ft Lot

Last Sold April 18, 2023

Last sale price $18,950

Est. 20% increase in value since last sale

Current estimated payment $119/month

163 Days on Market

About This Lot

As of April 2023

Great lot for infill building located in Detroit’s bustling North End neighborhood. Currently there is a 19 unit redevelopment project underway in the neighborhood and a ton of other new developments bringing new life to the area. This lot is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 03/23/2020

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 03/23/2020

Property Details

Property Type

  • Land

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60.00x115.00

Community Details

  • Wm. Y. Hamlin & S. J. Browns Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W03I001900S

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 600.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • List Price per Acre: 156250.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 60.00X115.00
  • Parcel Number: W03I001900S
  • Zoning: Residential

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
Feb 22, 2023
Sold by
Detroit Land Bank Authority
Bought by
Avanath North End Multifamily Llc
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$25,000
Sold Price
$18,950
Premium/Discount to List
-$6,050
-24.2%
Current Estimated Value
$22,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,733

Purchase Details

Closed on
Jan 6, 2015
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Jan 4, 2007
Sold by
Moore Doris Jenkins
Bought by
Apostolic Overcoming Holy Church Of God
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Avanath North End Multifamily Llc $18,950 --
Detroit Land Bank Authority -- None Available
Apostolic Overcoming Holy Church Of God $3,530 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2023 04/18/23 Sold $18,950 -24.2% --
09/02/2020 09/02/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $25,000 -- --
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
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $95 $0 $0 $0
2019 $95 $0 $0 $0
2018 $0 $0 $0 $0
2017 $60 $0 $0 $0
2016 $60 $0 $0 $0
2015 $60 $600 $0 $0
2013 $122 $1,219 $0 $0
2010 -- $1,385 $1,304 $81
Source: Public Records

Agents Affiliated with this Home

  • Leonard Pickett

    Seller's Agent in 2023

    Leonard Pickett

    RCH Brokerage Legacy Inc

    (313) 510-7887

    16 in this area

    158 Total Sales

    Leonard Pickett
    Section Image
  • Clarence Wilson

    Seller Co-Listing Agent in 2023

    Clarence Wilson

    RCH Brokerage Legacy Inc

    (313) 467-0009

    16 in this area

    207 Total Sales

    Clarence Wilson
    Section Image
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Map

Source: Realcomp

MLS Number: 2200023782

Realcomp

APN: 03-001900

Michigan Wayne County Detroit 48202 North End

501 E Bethune St, Detroit, MI

Not Listed for Sale

Lots

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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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