NOT LISTED FOR SALE

5501 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $72,017 - $92,000

3 Beds
1 Bath
1,025 Sq Ft
$82/Sq Ft Est. Value

About This Home

This home is located at 5501 University Place, Detroit, MI 48224 and is currently estimated at $83,754, approximately $81 per square foot. 5501 University Place is a home located in Wayne County with nearby schools including Marquette Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2013
Sold by
Brandon Karla
Bought by
Banks Diresa
Current Estimated Value
$80,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,440
Outstanding Balance
$10,271
Interest Rate
4.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$72,093

Purchase Details

Closed on
Jan 31, 2010
Sold by
Donovan Shaun
Bought by
Brandon Karla

Purchase Details

Closed on
Nov 30, 2008
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
May 23, 2007
Sold by
Mccuen Michael T
Bought by
Wells Fargo Bank Na
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.

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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.

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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.

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Quantarium

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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
Banks Diresa $1,000 First American Title Ins Co
Brandon Karla $4,510 None Available
Secretary Of Housing & Urban Development -- None Available
Wells Fargo Bank Na $62,268 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Diresa $13,440
Source: Public Records

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 $125 $32,000 $0 $0
2024 $125 $27,400 $0 $0
2023 $240 $20,400 $0 $0
2022 $778 $16,200 $0 $0
2021 $251 $0 $0 $0
2020 $834 $11,500 $0 $0
2019 $823 $9,700 $0 $0
2018 $716 $8,100 $0 $0
2017 $157 $8,300 $0 $0
2016 $1,228 $13,100 $0 $0
2015 $1,310 $13,100 $0 $0
2013 $1,869 $18,686 $0 $0
2010 -- $27,396 $857 $26,539
Source: Public Records

Map

Michigan Wayne County Detroit 48224 Cornerstone Village

5501 University Place, Detroit, MI

This home is located at 5501 University Place, Detroit, MI 48224 and is currently estimated at $83,754, approximately $81 per square foot. 5501 University Place is a home located in Wayne County with nearby schools including Marquette Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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