NOT LISTED FOR SALE

5242 Lakeview St Detroit, MI 48213

Chandler Park Neighborhood

Estimated Value: $86,000 - $93,000

3 Beds
2 Baths
1,824 Sq Ft
$49/Sq Ft Est. Value

Last Sold March 01, 2013

Last sale price $3,000 $2 Per Sq Ft

Est. 2,933% increase in value since last sale

Current estimated payment $498/month

295 Days on Market

About This Home

As of March 2013

MULTI FAMILY PROPERTY. GREAT FOR INVESTORS. BUYER RESPONSIBLE FOR CITY INSPECTION/ACR REQUIRES 24 HOUR NOTICE FOR SHOWINGS. DO NOT APPROACH THE TENANTS. BUYER MUST PAY $395 ADMINISTRATIVE FEE TO BROKER BEFORE CLOSING. SELLER MOTIVATED AND WILL LOOK AT ALL OFFERS.

Last Agent to Sell the Property

Patricia Crowell

North American Real Estate LLC License #6501321228 Listed on: 05/09/2012

Last Buyer's Agent

Patricia Crowell

North American Real Estate LLC License #RCO-6501321228

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 40x102

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2 Full Bathrooms
  • 1,824 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Plat Of Alfred F Steiners Park Sub (Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I052372S

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1824
  • Total Sq Ft: 1824

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 40X102
  • Parcel Number: W21I052372S
  • Zone Conform: Yes
  • Zoning: Residential
  • Homestead Percent: 0 Percent

Rental Info

  • Monthly Rental Income: 625

Tax Info

  • Tax Amount Summer: 2994.0000
  • Tax Amount Winter: 358.0000
  • Total Tax: 3352.0000

Multi Family

  • Gross Scheduled Income: 7500.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2024
Sold by
Detroit Land Bank Authority
Bought by
Warren/Conner Development Coalition
Current Estimated Value
$91,000

Purchase Details

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

Purchase Details

Listed on
May 9, 2012
Closed on
Mar 13, 2013
Sold by
Chen Chung Yung and Chen Susan Manyee
Bought by
Green Kelshontaya
Seller's Agent
Patricia Crowell
North American Real Estate LLC
Buyer's Agent
Patricia Crowell
North American Real Estate LLC
List Price
$11,000
Sold Price
$3,000
Premium/Discount to List
-$8,000
-72.73%

Purchase Details

Closed on
Dec 4, 2007
Sold by
Wachovia Bank Na
Bought by
Chen Chung Yung

Purchase Details

Closed on
Aug 30, 2006
Sold by
Onorati Daniel and Onorati Sakina
Bought by
Wachovia Bank Na and Holders Of Aegis Asset Backed Securities

Purchase Details

Closed on
Mar 13, 2006
Sold by
Onorati Daniel and Onorati George Sakina
Bought by
Onorati Daniel

Purchase Details

Closed on
Sep 14, 2005
Sold by
Richmond Zemens Raymond and Richmond Inger
Bought by
Onorati Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,200
Interest Rate
9.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2005
Sold by
City Of Detroit
Bought by
Romain William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,200
Interest Rate
9.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Romain William
Bought by
Zemens Raymond
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
Warren/Conner Development Coalition $3,750 None Listed On Document
Detroit Land Bank Authority -- None Available
Green Kelshontaya $3,000 Progressive Title
Wachovia Bank Na $97,436 None Available
Onorati Daniel -- Colonial Title Co
Onorati Daniel -- Colonial Title Co
Onorati Daniel $98,000 Colonial Title Co
Romain William $7,658 None Available
Zemens Raymond $27,500 Colonial Title Company
Zemens Raymond -- Colonial Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Onorati Daniel $88,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2013 03/01/13 Sold $3,000 -72.7% $2 / Sq Ft
02/28/2013 02/28/13 Pending -- -- --
05/09/2012 05/09/12 For Sale $11,000 -- $6 / 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 -- $4,300 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 -- $0 $0 $0
2021 $0 $0 $0 $0
2020 $2,206 $0 $0 $0
2019 $2,206 $0 $0 $0
2018 $0 $300 $0 $0
2017 $6 $300 $0 $0
2016 $1,719 $16,300 $0 $0
2015 $1,630 $16,300 $0 $0
2013 $1,905 $19,048 $0 $0
2010 -- $27,927 $718 $27,209
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Patricia Crowell

    North American Real Estate LLC

See All Agents

Map

Source: Realcomp

MLS Number: 212047672

Realcomp

APN: 21-052372

Michigan Wayne County Detroit 48213 Chandler Park

5242 Lakeview St, Detroit, MI

This home is located at 5242 Lakeview St, Detroit, MI 48213 since 09 May 2012 and is currently estimated at $89,500, approximately $49 per square foot. This property was built in 1928. 5242 Lakeview St is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Carstens Academy of Aquatic Science, and Charles L. Spain Elementary-Middle School.

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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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