NOT LISTED FOR SALE

5280 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $87,000 - $105,383

2 Beds
1 Bath
997 Sq Ft
$94/Sq Ft Est. Value

Last Sold December 22, 2014

Last sale price $10,000 $10 Per Sq Ft

Est. 833% increase in value since last sale

Current estimated payment $607/month

Highlights

  • Cape Cod Architecture
  • Deck
  • 1.5 Car Detached Garage
  • Cass Technical High School Rated 10
  • Fenced Yard
  • Porch

About This Home

As of December 2014

This 2 bedroom, 1.5 bath brick Cape Cod has a natural fireplace in the living room, an upper covered deck off the bedroom, a 1.5 detached garage and a fenced yard. This is close to I-94 and Balduck Park. This is a Fannie Mae property.

Last Agent to Sell the Property

Kent Colpaert

Bearing Group License #MISPE-6502334886 Listed on: 10/25/2014

Last Buyer's Agent

Ramona Green

Bearing Group License #MISPE-6501368152

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,412

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x133
  • Fenced Yard

Parking

  • 1.5 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • 997 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Farmbrook Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I077350S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,412

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Cape Cod
  • Structure Style: 1 1/2 Story
  • Year Built: 1940
  • Mail City: Detroit
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplaces: LivRoom Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Full
  • Bedrooms: 2
  • Bedroom 1: On Upper Floor, Dimensions: 20 x 12
  • Bedroom 2: On Upper Floor, Dimensions: 11 x 10
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Types: Living Room
  • Dining Room: On Entry Level, Dimensions: 12 x 12
  • Kitchen: On Entry Level, Dimensions: 12 x 9
  • Living Room: On Entry Level, Dimensions: 21 x 12
  • Above Grade Finished Sq Ft: 997
  • Total Finished Sq Ft: 997

Exterior Features

  • Exterior: Brick
  • Exterior Features: Deck, Fenced Yard, Porch, Sidewalks
  • Foundation: Basement
  • Frontage: 50
  • Road: Paved Street

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1.5
  • Parking: 1 Space
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water at Street

Lot Info

  • Assessor Parcel Number: W21I077350S
  • Zoning: Residential
  • Lot Dimensions: 50x133
  • Acreage: 0.16
  • Geo Subdivision: MI

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2014
Closed on
Dec 22, 2014
Sold by
Fannie Mae
Bought by
Ashford Dale
Seller's Agent
Kent Colpaert
Bearing Group
Buyer's Agent
Ramona Green
Bearing Group
List Price
$14,900
Sold Price
$10,000
Premium/Discount to List
-$4,900
-32.89%
Current Estimated Value
$93,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,346
Avg. Annual Appreciation
22.86%

Purchase Details

Closed on
Nov 21, 2013
Sold by
Blanding Richard L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 30, 2008
Sold by
Blanding Richard L
Bought by
Blanding Richard L and Richard L Blanding Revocable Living Tr

Purchase Details

Closed on
Apr 22, 2005
Sold by
Joiner Clifton G and Joiner Angel
Bought by
Blanding Richard L
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
Ashford Dale $10,000 Best Homes Title Agency Llc
Federal National Mortgage Association $111,424 None Available
Blanding Richard L -- None Available
Blanding Richard L $115,000 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2014 12/22/14 Sold $10,000 -32.9% $10 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
10/25/2014 10/25/14 For Sale $14,900 -- $15 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,412 $47,100 $0 $0
2024 $1,412 $40,500 $0 $0
2023 $1,131 $30,200 $0 $0
2022 $1,463 $23,300 $0 $0
2021 $1,182 $18,400 $0 $0
2020 $1,422 $16,600 $0 $0
2019 $1,400 $13,900 $0 $0
2018 $1,225 $12,800 $0 $0
2017 $13 $700 $0 $0
2016 $363 $1,400 $0 $0
2015 $137 $1,400 $0 $0
2013 $135 $1,353 $0 $0
2010 -- $1,353 $1,352 $1
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kent Colpaert

    Bearing Group

  • R

    Buyer's Agent in 2014

    Ramona Green

    Bearing Group

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31218093

Michigan Multiple Listing Service

APN: 21-077350

Michigan Wayne County Detroit 48224 Cornerstone Village

5280 University Place, Detroit, MI

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Michigan Multiple Listing Service Source MLS: MiRealSource
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