NOT LISTED FOR SALE

5497 E Outer Dr Detroit, MI 48234

Mount Olivet Neighborhood

Estimated Value: $74,000 - $137,283

3 Beds
1 Bath
1,122 Sq Ft
$81/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $35,900 $32 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $607/month

2 Days on Market

Highlights

  • Ranch Style House
  • Ground Level Unit
  • Covered Patio or Porch
  • Cass Technical High School Rated 10
  • No HOA
  • 1 Car Detached Garage

About This Home

As of April 2021

LONG STANDING TENANT OCCUPIED PROPERTY LOCATED SOUTH OF SEVEN MILE, ON THE EAST SIDE OF E. OUTER DRIVE. TENANT HAS BEEN IN THE HOME SINCE NOVEMBER 2019, AND IS CURRENTLY MONTH TO MONTH. $795 PER MONTH. THIS PROPERTY FEATURES A 1 CAR DETACHED GARAGE, FIREPLACE, DINING ROOM, NICE KITCHEN, AND AN UNFINISHED BASEMENT. PERFECT OPPORTUNITY FOR AN INVESTOR!!!

Last Agent to Sell the Property

Mark Hutter

Detroit Investment Company License #6502372594 Listed on: 03/01/2021

Last Buyer's Agent

Greg Majewski

Detroit Investment Company License #6501415616

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 42 x 145

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,122 Sq Ft Home
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Covered Patio or Porch
  • Ground Level Unit

Community Details

  • No Home Owners Association
  • Gruebner Bros Subdivision

Listing and Financial Details

  • Assessor Parcel Number W17I016294C5

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1946
  • State Equalized Value: 13900.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1122

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 256428.5714
  • Lot Size Area: 0.14
  • Lot Dimensions: 42 X 145
  • Parcel Number: W17I016294C5

Tax Info

  • Tax Amount Summer: 1171.5500
  • Tax Amount Winter: 109.6800
  • Total Tax: 1281.2300

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2022
Sold by
Limar Llc
Bought by
Mapalu Llc
Current Estimated Value
$81,102

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 2, 2021
Sold by
Springville Value Resources Llc
Bought by
Limar Llc
Seller's Agent
Mark Hutter
Detroit Investment Company
Buyer's Agent
Greg Majewski
Detroit Investment Company
List Price
$35,900
Sold Price
$35,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.56%

Purchase Details

Closed on
Nov 7, 2017
Sold by
Amarachi Chidundu Chuks and Amarachi Chidundu
Bought by
Springville Value Resources

Purchase Details

Closed on
Nov 1, 2017
Sold by
Amarachi Chidundu Chuks and Amarachi Chidundu
Bought by
Springville Value Resources

Purchase Details

Closed on
Jun 27, 2017
Sold by
Ardis Construction Inc
Bought by
Chidundu Chukus

Purchase Details

Listed on
Jul 19, 2016
Closed on
Oct 9, 2016
Sold by
Avdo Qamil and Demir Klodiana
Bought by
Ardis Construction Inc
Seller's Agent
Meghan Schubring
Pearl Real Estate
Buyer's Agent
Flora Grishaj
Temporary Inactive Users
List Price
$11,000
Sold Price
$12,500
Premium/Discount to List
$1,500
13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.62%

Purchase Details

Listed on
Jul 19, 2016
Closed on
Aug 17, 2016
Sold by
Fannie Mae
Bought by
Avdo Qamil
Seller's Agent
Meghan Schubring
Pearl Real Estate
Buyer's Agent
Flora Grishaj
Temporary Inactive Users
List Price
$11,000
Sold Price
$12,500
Premium/Discount to List
$1,500
13.64%

Purchase Details

Closed on
Sep 3, 2015
Sold by
Dixon Alma
Bought by
Fannie Mae and Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mapalu Llc $57,500 None Listed On Document
Mapalu Llc $57,500 None Listed On Document
Limar Llc $35,900 Embassy Title Agency Inc
Springville Value Resources -- None Available
Springville Value Resources -- None Available
Chidundu Chukus $35,000 Regions Title Agency Llc
Ardis Construction Inc -- None Available
Avdo Qamil $12,500 Best Homes Title Agency Llc
Fannie Mae -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $35,900 0.0% $32 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $35,900 +187.2% $32 / Sq Ft
08/31/2016 08/31/16 Sold $12,500 +13.6% $11 / Sq Ft View Prior Sale
08/03/2016 08/03/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $11,000 -- $10 / 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 $2,182 $34,300 $0 $0
2024 $2,156 $29,900 $0 $0
2023 $2,095 $24,100 $0 $0
2022 $1,439 $19,600 $0 $0
2021 $1,284 $15,700 $0 $0
2020 $1,283 $13,900 $0 $0
2019 $1,264 $12,400 $0 $0
2018 $1,110 $11,300 $0 $0
2017 $203 $10,700 $0 $0
2016 $1,272 $13,700 $0 $0
2015 $1,370 $13,700 $0 $0
2013 $1,808 $19,027 $0 $0
2010 -- $27,895 $1,253 $26,642
Source: Public Records

Agents Affiliated with this Home

  • Mark Hutter

    Seller's Agent in 2021

    Mark Hutter

    Detroit Investment Company

    (734) 469-4607

    1 in this area

    241 Total Sales

    Mark Hutter
    Section Image
  • Greg Majewski

    Buyer's Agent in 2021

    Greg Majewski

    Detroit Investment Company

    (248) 564-1972

    2 in this area

    93 Total Sales

    Greg Majewski
    Section Image
  • Meghan Schubring

    Seller's Agent in 2016

    Meghan Schubring

    Pearl Real Estate

    (586) 489-7286

    95 Total Sales

    Meghan Schubring
    Section Image

  • F

    Buyer's Agent in 2016

    Flora Grishaj

    Temporary Inactive Users

    Section Image
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Map

Source: Realcomp

MLS Number: 2210013228

Realcomp

APN: 17-0162945

Michigan Wayne County Detroit 48234 Mount Olivet

5497 E Outer Dr, Detroit, MI

Not Listed for Sale

Detached

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

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