NOT LISTED FOR SALE

5259 Balfour Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $107,000 - $147,000

2 Beds
2 Baths
2,242 Sq Ft
$57/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $5,000 $2 Per Sq Ft

Est. 2,462% increase in value since last sale

Current estimated payment $812/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 2 Car Garage

About This Home

As of April 2015

PERFECT INVESTMENT OPPORTUNITY!! 2 UNIT MULTIFAMILY HOME WITH FULL BRICK EXTERIOR. EACH UNIT HAS 1 BEDROOM/ 1 BATH. PRICED TO SELL & SELLER IS MOTIVATED, BRING ALL OFFERS!!!

Last Agent to Sell the Property

Greg White

Imagine Home Realty License #6501358183 Listed on: 04/11/2015

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00x144.27

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,242 Sq Ft Home
  • 2-Story Property
  • Basement

Parking

  • 2 Car Garage
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • East Detroit Development Cos No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I068756S

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 2242
  • Total Sq Ft: 2242
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Unassigned/General
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 46153.8462
  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00X144.27
  • Parcel Number: W21I068756S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1000

Tax Info

  • Tax Amount Summer: 1056.0000
  • Tax Amount Winter: 87.0000
  • Total Tax: 1143.0000

Multi Family

  • Gross Scheduled Income: 12000.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2015
Closed on
Apr 29, 2015
Sold by
Insidercash Llc
Bought by
Pitchford Rashaunda
Seller's Agent
Greg White
Imagine Home Realty
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$6,000
Sold Price
$5,000
Premium/Discount to List
-$1,000
-16.67%
Current Estimated Value
$128,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,115
Avg. Annual Appreciation
37.01%

Purchase Details

Closed on
Sep 25, 2014
Sold by
System Niche Llc
Bought by
Insidercash Llc

Purchase Details

Closed on
Dec 15, 2011
Sold by
Property Nov11 Llc
Bought by
System Niche Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,950
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 11, 2011
Sold by
Luxor Holdings Llc
Bought by
Property Nov11 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,950
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 10, 2011
Sold by
Stromco Investments Llc
Bought by
Luxor Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,950
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2008
Sold by
Bank Of New York
Bought by
Stromco Investments Llc

Purchase Details

Closed on
Sep 12, 2007
Sold by
Hendley Rejonia G and Hendley William L
Bought by
Bank Of New York and Holders Cwabs Inc Asset Backed Notes Ser
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
Pitchford Rashaunda -- Attorney
Insidercash Llc $32,367 None Available
System Niche Llc $54,000 Embassy Title Agency Inc
Property Nov11 Llc $29,000 Embassy Title Agency Inc
Luxor Holdings Llc $23,500 None Available
Stromco Investments Llc $7,900 Multiple
Bank Of New York $103,050 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pitchford Rashaurida $39,275
Closed Pitchford Rashaunda $22,000
Previous Owner System Niche Llc $28,950
Previous Owner Hendley William L $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2015 04/30/15 Sold $5,000 -16.7% $2 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $6,000 -- $3 / 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 $1,372 $69,700 $0 $0
2024 $1,372 $57,500 $0 $0
2023 $1,576 $45,100 $0 $0
2022 $1,723 $36,900 $0 $0
2021 $1,680 $29,600 $0 $0
2020 $1,662 $27,300 $0 $0
2019 $1,638 $24,700 $0 $0
2018 $1,400 $21,400 $0 $0
2017 $335 $19,800 $0 $0
2016 $1,395 $17,500 $0 $0
2015 $931 $17,500 $0 $0
2013 $1,838 $18,378 $0 $0
2010 -- $26,944 $1,277 $25,667
Source: Public Records

Agents Affiliated with this Home

  • Greg White

    Seller's Agent in 2015

    Greg White

    Imagine Home Realty

    (313) 456-9898

    4 in this area

    209 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2015

    Unidentified Agent

    Unidentified Office

See All Agents

Map

Source: Realcomp

MLS Number: 215032746

Realcomp

APN: 21-068756

Michigan Wayne County Detroit 48224 Morningside

5259 Balfour Rd, Detroit, MI

This home is located at 5259 Balfour Rd, Detroit, MI 48224 since 11 April 2015 and is currently estimated at $128,115, approximately $57 per square foot. This property was built in 1929. 5259 Balfour Rd 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.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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