$19,000
SOLD OCT 29, 2018
6 Beds
2 Baths
2,276 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$8 Per Sq Ft

37% Below List Price

239 Days on Market

About This Home

As of October 2018

GREAT INVESTMENT OPPORTUNITY! UPPER/LOWER FLAT. SELLER MOTIVATED, NOT A SHORT SALE OR FORECLOSURE! DISTRESS SALE!

Vacant home and in good condition.

Last Agent to Sell the Property

Jonathan Pan

Crown Properties International License #6501390613 Listed on: 02/05/2018

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 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34.00x120.00

Home Design

  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,276 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Addition To Dailey Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I002454S

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 2276
  • Total Sq Ft: 2276
  • Sq Ft Total Bsmt: 9999

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 272222.2222
  • Lot Size Area: 0.09
  • Lot Dimensions: 34.00X120.00
  • Parcel Number: W16I002454S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1000

Tax Info

  • Tax Amount Summer: 1208.0000
  • Tax Amount Winter: 129.0000
  • Total Tax: 1337.0000

Multi Family

  • Gross Scheduled Income: 12000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Oct 29, 2018
Sold by
Liu Jihong
Bought by
Equity Wealth Builders Detroit Llc
Seller's Agent
Jonathan Pan
Crown Properties International
Buyer's Agent
Rich Howard
Coldwell Banker Metro Real Estate
List Price
$30,000
Sold Price
$19,000
Premium/Discount to List
-$11,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.95%
Original Mortgage
$40,000
Outstanding Balance
$37,266
Interest Rate
8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$98,956

Purchase Details

Closed on
Mar 29, 2016
Sold by
Pom Investors Llc
Bought by
Liuf Jihong

Purchase Details

Closed on
Nov 19, 2015
Sold by
Ye Wanshan
Bought by
Pom Investors Llc

Purchase Details

Listed on
Oct 9, 2013
Closed on
Jul 30, 2014
Sold by
Pom Investors Llc
Bought by
Ye Wanshan
Seller's Agent
James Silver
Keller Williams Troy
Buyer's Agent
Cathy Hodges
RE/MAX Vision
List Price
$16,500
Sold Price
$15,500
Premium/Discount to List
-$1,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.87%

Purchase Details

Closed on
Apr 3, 2013
Sold by
U S Bank National Association
Bought by
Saint Cyr Robby K

Purchase Details

Closed on
Apr 19, 2012
Sold by
Deane Robert L and Deane Veldia
Bought by
U S Bank National Association
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 Type Sale Price Title Company
Warranty Deed $19,000 Leading Edge Title Agency
Warranty Deed $92,307 None Available
Quit Claim Deed $60,000 None Available
Warranty Deed $60,000 Embassy Title Agency Inc
Quit Claim Deed $4,100 Bay National Title
Sheriffs Deed $60,559 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $40,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $56,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $130,000 -7.1% --
01/14/2025 01/14/25 For Sale $140,000 +636.8% --
10/29/2018 10/29/18 Sold $19,000 -22.4% $8 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
07/25/2018 07/25/18 Price Changed $24,500 -2.0% $11 / Sq Ft
02/26/2018 02/26/18 Price Changed $25,000 -16.7% $11 / Sq Ft
02/05/2018 02/05/18 For Sale $30,000 +93.5% $13 / Sq Ft
07/29/2014 07/29/14 Sold $15,500 -6.1% $7 / Sq Ft
07/22/2014 07/22/14 Pending -- -- --
10/09/2013 10/09/13 For Sale $16,500 -- $7 / 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 $805 $15,100 $0 $0
2023 $1,026 $12,100 $0 $0
2022 $1,082 $11,000 $0 $0
2021 $1,057 $9,300 $0 $0
2020 $1,057 $8,100 $0 $0
2019 $1,128 $8,900 $0 $0
2018 $956 $8,000 $0 $0
2017 $154 $8,100 $0 $0
2016 $1,336 $28,800 $0 $0
2015 $1,180 $11,800 $0 $0
2013 $1,152 $16,446 $0 $0
2010 -- $23,564 $615 $22,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218009292

Realcomp

APN: 16-002454