$60,000
SOLD JAN 6, 2020
8 Beds
4 Baths
4,464 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$13 Per Sq Ft

9% Above List Price

5 Days on Market

About This Home

As of December 2024

THIS IS A SUPER INVESTMENT WITH INCOME POTENTIAL THAT IS GREAT. 4 2 BR UNITS WITH SEPARATE UTILITIES (LIGHTS & GAS). THE OWNER PAYS WATER BILL ONLY. LET'S DEAL!!!

Last Agent to Sell the Property

Otis Sheard

O Sheard Realty LLC License #6501093306 Listed on: 12/04/2019

Last Buyer's Agent

Rich Howard

Coldwell Banker Metro Real Estate License #6501394011

Coldwell Banker Metro Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Remodeled in 2017

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45.00x128.00
  • Property fronts a private road

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 4,464 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Storage

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Separate Water Meter
  • Liquid Propane Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Security Land Cos Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I002731S

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 240
  • Year Built: 1924
  • State Equalized Value: 27400.0000
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Private Storage Locker, Unfinished
  • Sq Ft Combined: 4464
  • Total Sq Ft: 4464
  • Sq Ft Total Bsmt: 2232

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 45
  • Road Frontage Type: Private

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: LP Gas/Propane
  • Heating: Forced Air, Separate Meters, Wall/Floor Furnace
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Community, Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 423076.9231
  • Lot Size Area: 0.13
  • Lot Dimensions: 45.00X128.00
  • Parcel Number: W16I002731S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 2166.0000
  • Tax Amount Winter: 226.0000
  • Total Tax: 2392.0000
  • Taxable Value: 24371.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2024
Closed on
Dec 4, 2024
Sold by
Equity Wealth Builders Detroit Llc
Bought by
Robinson Keely
Seller's Agent
Steven Riley
DOBI Real Estate
Buyer's Agent
Steven Riley
DOBI Real Estate
List Price
$250,000
Sold Price
$250,000
Views
15
Current Estimated Value
$249,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$416
Avg. Annual Appreciation
-0.22%
Original Mortgage
$187,500
Outstanding Balance
$186,206
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$63,378

Purchase Details

Listed on
Dec 4, 2019
Closed on
Jan 3, 2020
Sold by
Mintyre Management Group Llc
Bought by
Equity Wealth Builders Detroit Llc
Seller's Agent
Otis Sheard
O Sheard Realty LLC
Buyer's Agent
Rich Howard
Coldwell Banker Metro Real Estate
List Price
$55,000
Sold Price
$60,000
Premium/Discount to List
$5,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.65%
Original Mortgage
$90,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 28, 2016
Sold by
Boatmon Lonyet
Bought by
Boatmon N Boatmon Co Llc

Purchase Details

Closed on
Nov 11, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Boatmon Boatmon N

Purchase Details

Closed on
May 23, 2007
Sold by
Payne Tarin
Bought by
Us Bank Na and Asset Backed Securities Corp Home Equity

Purchase Details

Closed on
Apr 18, 2006
Sold by
Cartwright Anthony
Bought by
Payne Tarin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
10.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 25, 2004
Sold by
Triangle Group Llc
Bought by
Cartwright Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 12, 2002
Sold by
Infinity Group Llc
Bought by
Triangle Group Llc

Purchase Details

Closed on
Dec 15, 2001
Sold by
Allen Sylvester T
Bought by
Infinity Group
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Twenty Two Title
Warranty Deed $60,000 Embassy Title Agency Inc
Interfamily Deed Transfer -- Title Connect Llc
Interfamily Deed Transfer -- Title Connect Llc
Warranty Deed $56,000 Title Connect Llc
Quit Claim Deed $3,700 None Available
Sheriffs Deed $70,550 None Available
Warranty Deed $135,000 Wolverine Title & Escrow Age
Corporate Deed $105,000 Golden Title
Corporate Deed -- Golden Title
Warranty Deed $80,000 Golden Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $187,500 New Conventional
Previous Owner $100,000 Commercial
Previous Owner $90,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $121,500 Unknown
Previous Owner $94,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Sold $250,000 0.0% $56 / Sq Ft
10/08/2024 10/08/24 For Sale $250,000 +316.7% $56 / Sq Ft
01/06/2020 01/06/20 Sold $60,000 +9.1% $13 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
12/04/2019 12/04/19 For Sale $55,000 -- $12 / 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 $2,721 $56,100 $0 $0
2024 $2,721 $49,700 $0 $0
2023 $2,645 $39,500 $0 $0
2022 $2,841 $34,200 $0 $0
2021 $2,754 $28,800 $0 $0
2020 $2,438 $25,000 $0 $0
2019 $2,397 $27,400 $0 $0
2018 $2,172 $23,800 $0 $0
2017 $463 $24,400 $0 $0
2016 $1,203 $86,300 $0 $0
2015 $967 $18,400 $0 $0
2013 $937 $25,621 $0 $0
2010 -- $10,125 $830 $9,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219120431

Realcomp

APN: 16-002731