NOT LISTED FOR SALE

5516 University Place Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $58,000 - $91,000

3 Beds
1 Bath
704 Sq Ft
$108/Sq Ft Est. Value

Last Sold March 28, 2013

Last sale price $4,020 $6 Per Sq Ft

Est. 1,785% increase in value since last sale

Current estimated payment $472/month

20 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating System
  • Cass Technical High School Rated 10

About This Home

As of March 2013

HUD HOMES SOLD AS IS. FHA INSURABILITY CODE. LEAD BASE PAINT NOTICES, $1250 COMM TO SELLING BRKR, ACCESS W/HUD KEY, SHOW ANYTIME, NEW HOMES EACH DAY.

Last Agent to Sell the Property

Chad Evans

Pointes Realty LLC License #6502382206 Listed on: 02/19/2013

Last Buyer's Agent

Sandra Archer-Johnson

Archer Real Estate License #RCO

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 35x133

Home Design

  • Bungalow

Interior Spaces

  • 704 Sq Ft Home
  • 1.5-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Marseilles Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I077357S

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: YES
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 704
  • Total Sq Ft: 704

Exterior Features

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

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 45455.0000
  • Lot Size Area: 0.11
  • Lot Dimensions: 35X133
  • Parcel Number: W21I077357S

Tax Info

  • Tax Amount Summer: 1841.0000
  • Tax Amount Winter: 192.0000
  • Total Tax: 2033.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2013
Closed on
Mar 22, 2013
Sold by
Secretary Of Housing & Urban Development
Bought by
Cash Shimicah
Seller's Agent
Chad Evans
Pointes Realty LLC
Buyer's Agent
Sandra Archer-Johnson
Archer Real Estate
List Price
$5,000
Sold Price
$4,020
Premium/Discount to List
-$980
-19.6%
Current Estimated Value
$75,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,749
Avg. Annual Appreciation
26.58%

Purchase Details

Closed on
Dec 9, 2011
Sold by
Suntrust Mortgage Inc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 6, 2011
Sold by
Lynch Amy and Lynch Amy R
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
Jun 30, 2004
Sold by
Dumaw Linda Jean
Bought by
Lynch Amy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving
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 Buyer Sale Price Title Company
Cash Shimicah $4,020 None Available
The Secretary Of Housing & Urban Develop -- None Available
Suntrust Mortgage Inc $86,104 None Available
Lynch Amy R $74,900 Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch Amy $79,291
Previous Owner Lynch Amy R $74,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2013 03/28/13 Sold $4,020 -19.6% $6 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $5,000 +81.8% $7 / Sq Ft
08/01/2012 08/01/12 Sold $2,750 -45.0% $4 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $5,000 -- $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
2025 $746 $33,800 $0 $0
2024 $746 $29,000 $0 $0
2023 $843 $21,600 $0 $0
2022 $1,813 $16,800 $0 $0
2021 $251 $0 $0 $0
2020 $929 $11,900 $0 $0
2019 $874 $10,100 $0 $0
2018 $758 $8,800 $0 $0
2017 $171 $9,000 $0 $0
2016 $997 $12,600 $0 $0
2015 $1,260 $12,600 $0 $0
2013 $1,797 $17,966 $0 $0
2010 -- $26,341 $933 $25,408
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Chad Evans

    Pointes Realty LLC

    Section Image

  • S

    Buyer's Agent in 2013

    Sandra Archer-Johnson

    Archer Real Estate

    (586) 879-6314

    1 in this area

    39 Total Sales

    Sandra Archer-Johnson
    Section Image

  • P

    Seller Co-Listing Agent in 2012

    Paula Baljian

    Pointes Real Estate

    Section Image
  • Tyraa Caldwell

    Buyer's Agent in 2012

    Tyraa Caldwell

    Tyraa Nicole Realtors LLC

    (313) 346-3203

    4 in this area

    118 Total Sales

    Tyraa Caldwell
    Section Image
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Map

Source: Realcomp

MLS Number: 213015776

Realcomp

APN: 21-077357

Michigan Wayne County Detroit 48224 Cornerstone Village

5516 University Place, Detroit, MI

This home is located at 5516 University Place, Detroit, MI 48224 since 19 February 2013 and is currently estimated at $75,769, approximately $107 per square foot. This property was built in 1939. 5516 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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