NOT LISTED FOR SALE

5264 Balfour Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $80,886 - $120,000

4 Beds
2 Baths
2,216 Sq Ft
$46/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $51,000 $23 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $733/month

39 Days on Market

Highlights

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

About This Home

As of July 2018

Investors Special. Well maintained multi-family home that is occupied by tenants who hold extensive longevity. Seller has rental receipts that reflect consistent rent payments by tenants. Solid community near main and major streets for excellent ingress and egress with both, private and public transportation.

Last Agent to Sell the Property

Lynn Brown

Treasure Homes, Inc License #6501373713 Listed on: 05/14/2018

Last Buyer's Agent

Ronald Coleman

Fathom Realty MI LLC License #RCO-6506047721

Fathom Realty MI LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x130.00

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,216 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units
  • East Detroit Development Cos No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I067715S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,236

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 2216
  • Total Sq Ft: 2216
  • Sq Ft Total Bsmt: 1108

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 416666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X130.00
  • Parcel Number: W21I067715S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1500

Tax Info

  • Tax Amount Summer: 1122.0000
  • Tax Amount Winter: 114.0000
  • Total Tax: 1236.0000

Multi Family

  • Gross Scheduled Income: 18000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2018
Closed on
Jul 23, 2018
Sold by
Bryant Robert
Bought by
Martini Joerg and Derenzy Elizabeth
Seller's Agent
Lynn Brown
Treasure Homes, Inc
Buyer's Agent
Ronald Coleman
Fathom Realty MI LLC
List Price
$50,000
Sold Price
$51,000
Premium/Discount to List
$1,000
2%
Current Estimated Value
$102,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,472
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Aug 18, 2014
Sold by
Bryant Robert
Bought by
Cb Investments Llc

Purchase Details

Closed on
Jan 29, 2013
Sold by
Cb Investments Llc
Bought by
Bryant Robert

Purchase Details

Closed on
Oct 21, 2009
Sold by
Bryant Robert
Bought by
Cb Investments Llc

Purchase Details

Closed on
Dec 18, 2000
Sold by
Bank Of New York
Bought by
Bryant Robert
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martini Joerg $51,000 Ata National Title Group Llc
Bryant Robert -- Attorneys Title Agency Llc
Cb Investments Llc -- None Available
Bryant Robert -- None Available
Cb Investments Llc -- None Available
Bryant Robert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martini Joerg $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2018 07/23/18 Sold $51,000 +2.0% $23 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $50,000 0.0% $23 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $50,000 -- $23 / 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 $2,103 $64,400 $0 $0
2024 $2,103 $53,100 $0 $0
2023 $2,290 $41,600 $0 $0
2022 $2,448 $34,100 $0 $0
2021 $2,379 $27,300 $0 $0
2020 $2,378 $25,200 $0 $0
2019 $2,705 $22,600 $0 $0
2018 $1,125 $19,000 $0 $0
2017 $189 $17,600 $0 $0
2016 $1,221 $11,600 $0 $0
2015 $1,095 $11,600 $0 $0
2013 $1,928 $19,281 $0 $0
2010 -- $28,269 $1,240 $27,029
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lynn Brown

    Treasure Homes, Inc

    Section Image
  • Ronald Coleman

    Buyer's Agent in 2018

    Ronald Coleman

    Fathom Realty MI LLC

    (248) 722-8454

    70 Total Sales

    Ronald Coleman
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 218040811

Realcomp

APN: 21-067715

Michigan Wayne County Detroit 48224 Morningside

5264 Balfour Rd, Detroit, MI

This home is located at 5264 Balfour Rd, Detroit, MI 48224 since 14 May 2018 and is currently estimated at $102,472, approximately $46 per square foot. This property was built in 1929. 5264 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.

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
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes