NOT LISTED FOR SALE

524 Chalmers St Unit Bldg-Unit Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $135,845 - $161,000

-- Bed
1 Bath
1,708 Sq Ft
$89/Sq Ft Est. Value

About This Home

This home is located at 524 Chalmers St Unit Bldg-Unit, Detroit, MI 48215 and is currently estimated at $152,461, approximately $89 per square foot. 524 Chalmers St Unit Bldg-Unit is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2025
Sold by
Bipp 1 De Llc
Bought by
Banyan Investments Two Llc
Current Estimated Value
$152,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$3,000,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$2,834,241

Purchase Details

Closed on
Mar 5, 2020
Sold by
Banyan Investments Three Llc
Bought by
Bipp 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,799,625
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2019
Sold by
Atomic Star Llc
Bought by
Banyan Investments 3 Llc

Purchase Details

Closed on
Oct 16, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Atomic Star Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Banyan Investments Two Llc -- None Listed On Document
Bipp 1 Llc -- None Available
Banyan Investments 3 Llc -- None Available
Atomic Star Llc $6,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banyan Investments Two Llc $3,000,000
Previous Owner Bipp 1 Llc $1,799,625
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
2024 $1,597 $37,800 $0 $0
2023 $1,551 $28,700 $0 $0
2022 $1,658 $19,600 $0 $0
2021 $1,611 $15,700 $0 $0
2020 $1,505 $14,300 $0 $0
2019 $1,110 $11,000 $0 $0
2018 $979 $9,600 $0 $0
2017 $188 $9,900 $0 $0
2016 $1,515 $18,900 $0 $0
2015 $1,429 $18,900 $0 $0
2013 $1,385 $22,394 $0 $0
2010 -- $32,832 $678 $32,154
Source: Public Records

Map

Michigan Wayne County Detroit 48215 Jefferson Chalmers

524 Chalmers St Unit Bldg-Unit, Detroit, MI

This home is located at 524 Chalmers St Unit Bldg-Unit, Detroit, MI 48215 and is currently estimated at $152,461, approximately $89 per square foot. 524 Chalmers St Unit Bldg-Unit is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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