Seller's Agent in 2024
Sotero Lopez II
EXP Realty Main
(248) 558-2600
1 in this area
161 Total Sales
5251 Farmbrook St Detroit, MI 48224
Cornerstone Village NeighborhoodEstimated Value: $72,000 - $112,000
3
Beds
1
Bath
1,005
Sq Ft
$83/Sq Ft
Est. Value
Highlights
- No HOA
- Bungalow
- Forced Air Heating System
- Cass Technical High School Rated 10
About This Home
As of November 2024This charming home is an excellent opportunity for first-time home buyers or investors. With the potential to rent out for $1600 a month through the Section 8 program, this property promises a steady and reliable income stream. Well-maintained and located in a desirable neighborhood with convenient access to schools, shopping, and public transportation, it offers both comfort and practicality. Whether you're looking to start your homeownership journey or expand your investment portfolio, this home is a fantastic choice. Don’t miss out on this versatile and valuable property! Call for a showing! Furnace and hot water tank will be installed after an accepted offer. (Property has an alarm.) -The alarm is not included-Sold As Is.
"This property has cameras inside and outside the premises"
Last Agent to Sell the Property
EXP Realty Main License #6501379765 Listed on: 08/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1942
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 40.00 x 103.00
Home Design
- Bungalow
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 1,005 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Location
- Ground Level
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Farmbrook Subdivision
Listing and Financial Details
- Assessor Parcel Number W21I078171S
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Nov 12, 2024
Sold by
North Chester Llc
Bought by
Cmw Detroit Llc
Seller's Agent
Sotero Lopez II
EXP Realty Main
Buyer's Agent
Ryan Lonsway
Real Broker LLC Troy
List Price
$79,900
Sold Price
$71,500
Premium/Discount to List
-$8,400
-10.51%
Views
154
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,104
Avg. Annual Appreciation
14.32%
Original Mortgage
$74,476
Outstanding Balance
$73,505
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
$9,444
Purchase Details
Closed on
Nov 13, 2020
Sold by
Meler Rosa and Tentazione Llc
Bought by
North Chester Llc
Purchase Details
Closed on
Oct 16, 2020
Sold by
Burstein & Associates Llc
Bought by
Tentazione Llc
Purchase Details
Closed on
Jul 31, 2019
Sold by
Iron Fist Properties Llc
Bought by
Burstein & Associates Llc
Purchase Details
Closed on
Jun 29, 2018
Sold by
5251 Farmbrook Llc
Bought by
Iron First Properties Llc
Purchase Details
Closed on
Nov 8, 2013
Sold by
Dbc Real Estate & Associates Llc
Bought by
5251 Farmbrook Llc
Purchase Details
Closed on
Nov 7, 2013
Sold by
Wayne County Treasurer
Bought by
Dbc Real Estate & Associates Llc
Purchase Details
Closed on
Dec 31, 2009
Sold by
Garrett Investment Ltd
Bought by
5251 Farmbrook Llc
Purchase Details
Closed on
Dec 17, 2007
Sold by
Hsbc Bank Usa Na
Bought by
Great Lakes Investment Ii Ltd
Purchase Details
Closed on
Aug 16, 2006
Sold by
Halash Jeffery
Bought by
Hsbc Bank Usa Na
Purchase Details
Closed on
Apr 9, 2004
Sold by
Gollman Velina
Bought by
Halash Jeff A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 24, 2003
Sold by
Gollman Velina
Bought by
Countrywide Home Loans Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cmw Detroit Llc | $71,500 | None Listed On Document | |
| Cmw Detroit Llc | $71,500 | None Listed On Document | |
| North Chester Llc | $72,000 | Peak Title Agency Co | |
| Tentazione Llc | $622,500 | Leading Edge Title Agency | |
| Burstein & Associates Llc | $39,000 | Regions Title Agency Llc | |
| Iron First Properties Llc | $27,500 | Regions Title Agency Llc | |
| 5251 Farmbrook Llc | -- | Attorney | |
| Dbc Real Estate & Associates Llc | $6,300 | None Available | |
| 5251 Farmbrook Llc | -- | None Available | |
| Garrett Investment Ltd | $9,000 | None Available | |
| Great Lakes Investment Ii Ltd | $900 | Attorneys Title Agency Llc | |
| Hsbc Bank Usa Na | $95,000 | None Available | |
| Halash Jeff A | $108,000 | Security Title Services | |
| Countrywide Home Loans Inc | $51,044 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cmw Detroit Llc | $74,476 | |
| Closed | Cmw Detroit Llc | $74,476 | |
| Previous Owner | Halash Jeff A | $97,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2024 11/12/24 | Sold | $71,500 | -10.5% | $71 / Sq Ft |
| 11/03/2024 11/03/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | For Sale | $79,900 | -- | $80 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $1,382 | $32,200 | $0 | $0 |
| 2024 | $1,382 | $27,700 | $0 | $0 |
| 2023 | $1,342 | $20,600 | $0 | $0 |
| 2022 | $1,432 | $16,700 | $0 | $0 |
| 2021 | $1,392 | $13,200 | $0 | $0 |
| 2020 | $1,293 | $11,900 | $0 | $0 |
| 2019 | $1,125 | $10,000 | $0 | $0 |
| 2018 | $918 | $8,800 | $0 | $0 |
| 2017 | $171 | $9,000 | $0 | $0 |
| 2016 | $1,056 | $13,400 | $0 | $0 |
| 2015 | $915 | $13,400 | $0 | $0 |
| 2013 | $1,906 | $19,060 | $0 | $0 |
| 2010 | -- | $27,944 | $970 | $26,974 |
Source: Public Records
Agents Affiliated with this Home
-
Sotero Lopez II
-
Ryan Lonsway
Buyer's Agent in 2024
Ryan Lonsway
Real Broker LLC Troy
(248) 765-7691
5 in this area
306 Total Sales
Map
Source: Realcomp
MLS Number: 20240057486
APN: 21-078171
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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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