NOT LISTED FOR SALE

5081 Somerset Ave Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $129,685 - $216,000

4 Beds
2 Baths
2,056 Sq Ft
$76/Sq Ft Est. Value

Last Sold October 02, 2015

Last sale price $3,000 $1 Per Sq Ft

Est. 5,089% increase in value since last sale

Current estimated payment $974/month

142 Days on Market

About This Home

As of October 2015

MULTI FAMILY HOME, WITH 2-2 BEDROOM UNITS, EACH WITH 1 FULL BATH, KITCHEN, LIVING ROOM, BASEMENT, 2 CAR GARAGE.

Last Agent to Sell the Property

Albert Hakim

City Real Estate Group LLC License #MISPE-6502415090 Listed on: 05/12/2015

Last Buyer's Agent

. Non Mls Member

NON MLS Member License #MISPE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,901

Year Built

  • Built in 1929

Lot Details

  • 4,792

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 2-Story Property
  • 4,792 Sq Ft Lot
  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 21067512.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,901

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Foundation Type: Basement

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: 21067512.
  • Lot Dimensions: 40
  • Acreage: 0.11
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $1,117.00
  • Winter Tax: Year: 2014, Amount: $94.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2019
Sold by
The Detroit Land Bank Authority
Bought by
Alter Mile Group Llc
Current Estimated Value
$155,671

Purchase Details

Closed on
Jan 12, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Dec 21, 2015
Sold by
Ramsey Milan
Bought by
Wen Haiying

Purchase Details

Listed on
May 12, 2015
Closed on
Oct 2, 2015
Sold by
Nimitz Llc
Bought by
Ramsey Milan
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$6,000
Sold Price
$3,000
Premium/Discount to List
-$3,000
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.96%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Patton Llc
Bought by
Nimitz Llc

Purchase Details

Closed on
Mar 30, 2015
Sold by
Summit Acquisitions Llc
Bought by
Patton Llc

Purchase Details

Closed on
Feb 15, 2014
Sold by
Artesian Equities Llc
Bought by
Summit Acquisitions Llc

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Artesian Equities Llc

Purchase Details

Closed on
Feb 26, 2008
Sold by
Washington Mutual Bank
Bought by
Fickling Netha

Purchase Details

Closed on
Jul 12, 2007
Sold by
Evans William and Evans Latressa
Bought by
Washington Mutual Bank
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
Alter Mile Group Llc $13,000 None Available
Detroit Land Bank Authority -- None Available
Wen Haiying -- None Available
Ramsey Milan -- None Available
Nimitz Llc -- None Available
Patton Llc -- None Available
Summit Acquisitions Llc -- None Available
Artesian Equities Llc $2,101 None Available
Fickling Netha $6,000 Service Link
Washington Mutual Bank $82,909 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2015 10/02/15 Sold $3,000 -50.0% $1 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $6,000 -- $3 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,901 $51,200 $0 $0
2024 $1,901 $42,100 $0 $0
2023 $2,093 $33,100 $0 $0
2022 $2,235 $27,900 $0 $0
2021 $2,172 $22,400 $0 $0
2020 $2,172 $20,700 $0 $0
2019 $0 $0 $0 $0
2018 $0 $16,000 $0 $0
2017 $134 $14,800 $0 $0
2016 $963 $8,200 $0 $0
2015 $820 $8,200 $0 $0
2013 $1,958 $19,578 $0 $0
2010 -- $28,703 $1,206 $27,497
Source: Public Records

Agents Affiliated with this Home

  • Albert Hakim

    Seller's Agent in 2015

    Albert Hakim

    City Real Estate Group LLC

    (313) 800-7653

    5 in this area

    89 Total Sales

    Albert Hakim
    Section Image

  • .

    Buyer's Agent in 2015

    . Non Mls Member

    NON MLS Member

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31242348

Michigan Multiple Listing Service

APN: 21-067512

Michigan Wayne County Detroit 48224 Morningside

5081 Somerset Ave, Detroit, MI

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Michigan Multiple Listing Service Source MLS: MiRealSource
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