NOT LISTED FOR SALE

Estimated Value: $271,492 - $314,000

4 Beds
2 Baths
2,012 Sq Ft
$146/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $220,000 $109 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,071/month

22 Days on Market

About This Home

As of October 2021

Gorgeous! Spacious! Great investment opportunity in this multi-family home. This is an updated and very well maintained brick property. Each unit has a spacious living room, dining room, huge kitchen, bathroom, and 2 bedrooms. The 2 flats have separate entrances, separate utilities. New roof (2019) new hot water tank, new electrical box, new plumbing, and huge unfinished basement. It is located in a very desirable area in East Dearborn; walking distance to school, shopping, and restaurants. Both units are currently rented for $1,750/m.
Seller will provide C of O.

Last Agent to Sell the Property

Ahmed Almawri

Real Estate One-Dbn Hts/Dbn License #6501344491 Listed on: 09/20/2021

Real Estate One-Dbn Hts/Dbn

Last Buyer's Agent

Ahmed Almawri

Real Estate One-Dbn Hts/Dbn License #6501344491 Listed on: 09/20/2021

Real Estate One-Dbn Hts/Dbn

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 36.00x137.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,012 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 32821017102004

Community Details

Overview

  • 2 Units
  • Maplewood Park Add Subdivision

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,149

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 74400.0000
  • Pets Allowed: Number Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2012
  • Total Sq Ft: 2012
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 36
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Dearborn

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 36.00X137.00
  • Parcel Number: 32821017102004
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 21000

Tax Info

  • Tax Amount Summer: 3678.0000
  • Tax Amount Winter: 471.0000
  • Total Tax: 4149.0000
  • Taxable Value: 56279.0000

Multi Family

  • Gross Scheduled Income: 21000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Oct 29, 2021
Sold by
Quality One Const & Dev Inc
Bought by
Rasheed Muthana
Seller's Agent
Ahmed Almawri
Real Estate One-Dbn Hts/Dbn
Buyer's Agent
Ahmed Almawri
Real Estate One-Dbn Hts/Dbn
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%
Total Days on Market
22
Current Estimated Value
$293,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,373
Avg. Annual Appreciation
8.28%

Purchase Details

Closed on
Aug 14, 2017
Sold by
Achakar Mortada
Bought by
Quality One Construction & Development I

Purchase Details

Listed on
Apr 28, 2014
Closed on
May 6, 2014
Sold by
Beydoun Ghassan and Beydoun Lara
Bought by
Quality One Construction & Development I
Seller's Agent
Sada Hojaij
RE/MAX Team 2000
Buyer's Agent
Sada Hojaij
RE/MAX Team 2000
List Price
$59,000
Sold Price
$48,500
Premium/Discount to List
-$10,500
-17.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.59%

Purchase Details

Closed on
Apr 6, 2011
Sold by
Beydoun Ghassan M and Achkar Mortada
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 11, 2004
Sold by
Mashhour Hassan and Mashhour Hala
Bought by
Beydoun Ghassan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Rasheed Muthana $220,000 None Available
Quality One Construction & Development I -- None Available
Quality One Construction & Development I $48,500 Venture Title Agency Llc
Us Bank National Association $16,804 None Available
Beydoun Ghassan $165,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beydoun Ghassan M $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $220,000 -7.9% $109 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $239,000 +392.8% $119 / Sq Ft
05/05/2014 05/05/14 Sold $48,500 -17.8% $25 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $59,000 -- $30 / 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
2024 $5,156 $105,800 $0 $0
2023 $4,457 $98,100 $0 $0
2022 $5,082 $84,000 $0 $0
2021 $4,203 $79,600 $0 $0
2019 $4,145 $63,700 $0 $0
2018 $3,597 $60,500 $0 $0
2017 $847 $56,100 $0 $0
2016 $3,404 $58,200 $0 $0
2015 $5,220 $52,200 $0 $0
2013 $4,605 $46,050 $0 $0
2011 -- $52,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210078995

Realcomp

APN: 32-10-171-02-004