NOT LISTED FOR SALE

5232 Wayburn St Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $40,642 - $94,000

3 Beds
1 Bath
902 Sq Ft
$73/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $30,000 $33 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $488/month

119 Days on Market

Highlights

  • No HOA
  • Bungalow
  • 3-minute walk to Corrigan Playground
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of January 2024

INVESTMENT OPPORTUNITY IN MORNINGSIDE! Located on the first block off Alter Rd. minutes away from Grosse Pointe Park. This home is ready for it’s next owner with construction experience. This property would work well for an investor looking for a value-add opportunity to flip OR rent out, or for an owner-occupant looking to make it their own. For investors interested in flipping: after repair value (ARV) of $120K+! Conveniently located within a few blocks of the new $8.2 million dollar East Warren streetscape makeover! Great location minutes away from I-94, hospital, restaurants & shopping.So much potential for a visionary to turn this diamond in the rough into a cash cow or your new primary residence! Schedule your private showing today!

Last Agent to Sell the Property

Nazareth Sanchez

RE/MAX Leading Edge License #6501438534 Listed on: 07/14/2023

RE/MAX Leading Edge

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 36.00 x 125.00

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 902 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Abbott & Beymers Sunderland Pk Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I063459S

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1937
  • State Equalized Value: 17100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 902
  • Total Sq Ft: 902
  • Sq Ft Total Bsmt: 696

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 20
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.10
  • Lot Dimensions: 36.00 x 125.00
  • Parcel Number: W21I063459S

Rental Info

  • Deposit Amount: 10000.00

Tax Info

  • Tax Amount Summer: 1279.0000
  • Tax Amount Winter: 161.0000
  • Total Tax: 1440.0000
  • Taxable Value: 17100.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Jan 12, 2024
Sold by
Ameli Group Inc
Bought by
Metza Fll Llc
Seller's Agent
Nazareth Sanchez
RE/MAX Leading Edge
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$55,000
Sold Price
$30,000
Premium/Discount to List
-$25,000
-45.45%
Views
87
Current Estimated Value
$65,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,911
Avg. Annual Appreciation
56.80%

Purchase Details

Closed on
Sep 16, 2021
Sold by
Painted Tree Real Estate Investments Llc
Bought by
Amell Group Inc

Purchase Details

Closed on
Aug 19, 2020
Sold by
Mcnair Arkeisha Keosha and Davis Arkeisha
Bought by
Painted Tree Real Estate Investments Llc

Purchase Details

Closed on
Nov 7, 2018
Sold by
Craig Tracey
Bought by
Mcnair Arkeisha

Purchase Details

Closed on
Oct 11, 2018
Sold by
Sabree Eric R
Bought by
Craig Tracey

Purchase Details

Closed on
Jun 2, 2018
Sold by
Shelbai Management Co
Bought by
Wilson Julien

Purchase Details

Closed on
Apr 17, 2017
Sold by
One Accord Realty Llc
Bought by
Sunny Capital Group

Purchase Details

Closed on
May 19, 2016
Sold by
Dream Success International Llc
Bought by
Williams Twan

Purchase Details

Closed on
Apr 10, 2016
Sold by
Sheng Kang Ming
Bought by
One Accord Realty Llc

Purchase Details

Closed on
Mar 4, 2014
Sold by
Dream Success International Llc
Bought by
Ming Sheng Kang

Purchase Details

Closed on
Jan 23, 2014
Sold by
Michigan Asset 2 Llc
Bought by
Dream Success International Llc

Purchase Details

Closed on
Nov 7, 2013
Sold by
Wayne County Treasurer
Bought by
Michigan Asset 2 Llc

Purchase Details

Closed on
Oct 10, 2007
Sold by
Gray Diane
Bought by
Beneficial Michigan Inc
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
Metza Fll Llc $30,000 None Listed On Document
Metza Fll Llc $30,000 None Listed On Document
Amell Group Inc $70,000 Embassy Title Agency
Painted Tree Real Estate Investments Llc $20,000 None Available
Mcnair Arkeisha $500 None Available
Craig Tracey $5,600 None Available
Wilson Julien -- None Available
Sunny Capital Group -- None Available
Williams Twan -- Attorney
One Accord Realty Llc -- Attorney
Ming Sheng Kang -- None Available
Dream Success International Llc -- None Available
Michigan Asset 2 Llc $1,100 None Available
Beneficial Michigan Inc $25,160 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2024 01/12/24 Sold $30,000 -36.2% $33 / Sq Ft
11/11/2023 11/11/23 Pending -- -- --
10/28/2023 10/28/23 Price Changed $47,000 -5.8% $52 / Sq Ft
07/27/2023 07/27/23 Price Changed $49,900 -9.3% $55 / Sq Ft
07/14/2023 07/14/23 For Sale $55,000 +175.0% $61 / Sq Ft
11/24/2020 11/24/20 Sold $20,000 0.0% $22 / Sq Ft View Prior Sale
11/11/2020 11/11/20 Rented $800 0.0% --
10/19/2020 10/19/20 Under Contract -- -- --
10/09/2020 10/09/20 For Rent $800 0.0% --
07/22/2020 07/22/20 Pending -- -- --
06/14/2020 06/14/20 For Sale $29,000 -- $32 / 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 $1,670 $30,300 $0 $0
2024 $1,670 $24,700 $0 $0
2023 $1,622 $19,400 $0 $0
2022 $1,735 $17,100 $0 $0
2021 $1,462 $14,000 $0 $0
2020 $1,164 $13,000 $0 $0
2019 $1,147 $11,900 $0 $0
2018 $1,010 $10,600 $0 $0
2017 $186 $9,800 $0 $0
2016 $516 $3,300 $0 $0
2015 $330 $3,300 $0 $0
2013 $814 $8,144 $0 $0
2010 -- $11,939 $795 $11,144
Source: Public Records

Agents Affiliated with this Home

  • Nazareth Sanchez

    Seller's Agent in 2024

    Nazareth Sanchez

    RE/MAX

    (313) 728-6853

    3 in this area

    68 Total Sales

    Nazareth Sanchez
    Section Image

  • U

    Buyer's Agent in 2024

    Unidentified Agent

    Unidentified Office

  • Justin Neil

    Seller's Agent in 2020

    Justin Neil

    JNA Real Estate

    (248) 648-0484

    21 in this area

    263 Total Sales

    Justin Neil
    Section Image

  • L

    Seller's Agent in 2020

    Lemuel Montgomery

    Reynolds Real Estate, LLC

    (313) 918-6900

    1 in this area

    6 Total Sales

    Lemuel Montgomery
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230056287

Realcomp

APN: 21-063459

Michigan Wayne County Detroit 48224 Morningside

5232 Wayburn St, Detroit, MI

This home is located at 5232 Wayburn St, Detroit, MI 48224 since 14 July 2023 and is currently estimated at $65,911, approximately $73 per square foot. This property was built in 1937. 5232 Wayburn St is a home located in Wayne County with nearby schools including Ronald Brown Academy, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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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