NOT LISTED FOR SALE

504 Trowbridge St Detroit, MI 48202

Gateway Community Neighborhood

Estimated Value: $185,000 - $292,000

2 Beds
3.5 Baths
3,188 Sq Ft
$78/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $225,000 $71 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,755/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Balcony
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Porch
  • Fenced

About This Home

As of June 2022

Beautiful recently renovated 3 story colonial located around Boston-Edison Historic District. 3187 sq ft of charm and character. This home is equip with everything you need. Perfect for big family, rental or Air BnB. New roof/flooring/paint/New electrical/Plumbing and Hvac to name a few. Amazing opportunity to be a part of growing Detroit community. Still has lot of room to add more character and amenities to the property. Giving the size of the house, lot more can be done.

Last Agent to Sell the Property

Fahad Sultan

Motown Property Management Inc License #6501397223 Listed on: 05/07/2022

Last Buyer's Agent

Michael Dempsey-klott

The Brokerage Real Estate Enthusiasts License #RCO-6501418579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2021

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 44.00x120.00
  • Fenced

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 3,188 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

Listing and Financial Details

  • Assessor Parcel Number W03I002763S
  • $550 Seller Concession

Community Details

Overview

  • 2 Units
  • Callaway & Thomas Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$245

Year Built

Built in 1920 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 500.0000
  • Year Renovated: 2021
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3188
  • Total Sq Ft: 3188
  • Sq Ft Total Bsmt: 1400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 44
  • 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)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 44.00X120.00
  • Parcel Number: W03I002763S
  • Zone Conform: Yes
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 41.7700
  • Tax Amount Winter: 204.6600
  • Total Tax: 245.0000
  • Taxable Value: 500.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four 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
May 7, 2022
Closed on
Jun 30, 2022
Sold by
Under One Investments
Bought by
Westman Victoria K and Cramer Richard
Seller's Agent
Fahad Sultan
Motown Property Management Inc
Buyer's Agent
Michael Dempsey-klott
The Brokerage Real Estate Enthusiasts
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$250,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,511
Avg. Annual Appreciation
8.55%
Original Mortgage
$220,924
Outstanding Balance
$211,698
Interest Rate
5.09%
Mortgage Type
FHA
Estimated Equity
$79,454

Purchase Details

Closed on
Dec 9, 2020
Sold by
Rahman Kazi
Bought by
Under One Investments Inc

Purchase Details

Closed on
Nov 11, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Rahman Kazi E
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
Westman Victoria K $225,000 None Listed On Document
Under One Investments Inc $30,000 None Listed On Document
Under One Investments Inc $30,000 Etitle Agency Inc
Rahman Kazi E $3,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westman Victoria K $220,924
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $225,000 0.0% $71 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/07/2022 05/07/22 For Sale $225,000 -- $71 / 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 $4,677 $113,900 $0 $0
2024 $4,677 $93,700 $0 $0
2023 $30 $500 $0 $0
2022 $44 $500 $0 $0
2021 $205 $500 $0 $0
2020 $44 $500 $0 $0
2019 $44 $500 $0 $0
2018 $38 $500 $0 $0
2017 $9 $500 $0 $0
2016 $187 $3,100 $0 $0
2015 $210 $2,100 $0 $0
2013 $419 $4,194 $0 $0
2010 -- $4,766 $813 $3,953
Source: Public Records

Agents Affiliated with this Home

  • Fahad Sultan

    Seller's Agent in 2022

    Fahad Sultan

    Motown Property Management Inc

    (734) 341-5900

    2 in this area

    61 Total Sales

    Section Image
  • Michael Dempsey-klott

    Buyer's Agent in 2022

    Michael Dempsey-klott

    The Brokerage Real Estate Enthusiasts

    (586) 265-4632

    1 in this area

    46 Total Sales

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Map

Source: Realcomp

MLS Number: 2220034074

Realcomp

APN: 03-002763

Michigan Wayne County Detroit 48202 Gateway Community

504 Trowbridge St, Detroit, MI

This home is located at 504 Trowbridge St, Detroit, MI 48202 since 07 May 2022 and is currently estimated at $247,767, approximately $77 per square foot. This property was built in 1920. 504 Trowbridge St is a home located in Wayne County with nearby schools including Golightly Education Center, 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.

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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