NOT LISTED FOR SALE

511 Woodward Ave Detroit, MI 48226

Downtown Detroit Neighborhood

Estimated Value: $3,059,072

-- Bed
-- Bath
30,240 Sq Ft
$101/Sq Ft Est. Value

About This Home

This home is located at 511 Woodward Ave, Detroit, MI 48226 and is currently estimated at $3,059,072, approximately $101 per square foot. 511 Woodward Ave is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Burton International Academy, and Edward 'Duke' Ellington Conservatory of Music and Art.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2019
Sold by
Wayne County Land Bank Corporation
Bought by
Iconic 511 Llc
Current Estimated Value
$3,059,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500,000
Interest Rate
3.75%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 17, 2019
Sold by
The Charter County Of Wayne
Bought by
Wayne County Land Bank

Purchase Details

Closed on
Feb 28, 2008
Sold by
511 Associates Llc
Bought by
Charter County Of Wayne

Purchase Details

Closed on
Sep 24, 2004
Sold by
511 Woodward Associates Llc
Bought by
511 Associates Llc

Purchase Details

Closed on
Aug 23, 2000
Sold by
Acquisition Properties
Bought by
First Federal Of Michigan Llc

Purchase Details

Closed on
Jun 23, 1997
Sold by
Michigan Consolidated Ga
Bought by
Acquisition Properties

Purchase Details

Closed on
Oct 20, 1994
Sold by
Standard Federal Bank
Bought by
Michigan Consolidated Gas Co
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.

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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.

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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.

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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.

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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
Iconic 511 Llc -- None Available
Wayne County Land Bank -- None Available
Charter County Of Wayne -- None Available
511 Associates Llc -- Lamont Title Corporation
First Federal Of Michigan Llc $2,018,447 --
Acquisition Properties $1,900,000 --
Michigan Consolidated Gas Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iconic-511 Llc $15,292,602
Closed Iconic 511 Llc $13,500,000
Source: Public Records

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 $40,102 $451,700 $0 $0
2024 $40,102 $451,700 $0 $0
2023 $39,597 $451,700 $0 $0
2022 $42,161 $416,900 $0 $0
2021 $131,799 $1,453,700 $0 $0
2020 $60,656 $677,100 $0 $0
2019 $100 $0 $0 $0
2018 $100 $0 $0 $0
2017 $100 $0 $0 $0
2016 $5,806 $0 $0 $0
2015 $100 $0 $0 $0
2013 $100 $0 $0 $0
2010 -- $0 $0 $0
Source: Public Records

Map

Michigan Wayne County Detroit 48226 Downtown Detroit

511 Woodward Ave, Detroit, MI

This home is located at 511 Woodward Ave, Detroit, MI 48226 and is currently estimated at $3,059,072, approximately $101 per square foot. 511 Woodward Ave is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Burton International Academy, 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.

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