NOT LISTED FOR SALE

5531 Welton St Detroit, MI 48204

Nardin Park Neighborhood

Estimated Value: $46,000 - $65,000

3 Beds
1 Bath
759 Sq Ft
$75/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $6,000 $8 Per Sq Ft

Est. 855% increase in value since last sale

Current estimated payment $359/month

15 Days on Market

Highlights

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

About This Home

As of June 2016

THIS HOME IS A DIAMOND IN THE ROUGH WITH LOTS OF POTENTIAL. THE INSIDE OF THE HOME FEATURES BEAUTIFUL TILE FLOORING THROUGH OUT, THE UPSTAIRS HAS BURBER CARPET, AND THE HOME HAS UPDATED ELECTRICAL AND PLUMBING. HOME IS CENTRALLY LOCATED NEXT TO PARKS, SCHOOLS, SHOPPING CENTERS, AND LOCAL FREEWAYS FOR AN EASY COMMUTE TO WORK. COME TAKE A LOOK AT THIS HOME, YOU WILL NOT BE DISAPPOINTED.

Last Agent to Sell the Property

Joe Dakroub

RE/MAX Leading Edge License #6501342959 Listed on: 05/12/2016

RE/MAX Leading Edge

Last Buyer's Agent

Joe Dakroub

RE/MAX Leading Edge License #6501342959 Listed on: 05/12/2016

RE/MAX Leading Edge

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 32.00x112.00

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 759 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
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Frank C Reaume & Othmar G Schwinds Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I005367S

Home Details

Home Type

Single Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 759
  • Total Sq Ft: 759
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 32
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 41250.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 32.00X112.00
  • Parcel Number: W16I005367S

Tax Info

  • Tax Amount Summer: 469.0000
  • Tax Amount Winter: 36.0000
  • Total Tax: 505.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2017
Sold by
Gomez Oscar Martinez
Bought by
Pritchet Eugene
Current Estimated Value
$57,276

Purchase Details

Listed on
May 12, 2016
Closed on
Jun 15, 2016
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Gomez Oscar Martinez
Seller's Agent
Joe Dakroub
RE/MAX Leading Edge
Buyer's Agent
Joe Dakroub
RE/MAX Leading Edge
List Price
$3,300
Sold Price
$6,000
Premium/Discount to List
$2,700
81.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.68%

Purchase Details

Closed on
Mar 4, 2013
Sold by
Bank Of America Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 12, 2012
Sold by
Easley Malika
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 15, 2006
Sold by
Sinkford Arvetta
Bought by
Easley Malika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,333
Interest Rate
6.36%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2003
Sold by
Buford Deshawn D
Bought by
Sinkford Arvetta

Purchase Details

Closed on
Apr 1, 2003
Sold by
Simmons Nettie
Bought by
Simmons Nettie
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
Pritchet Eugene $1,250 None Available
Gomez Oscar Martinez $6,000 1St Am Title
The Secretary Of Housing & Urban Develop -- Attorney
Bank Of America Na $92,302 None Available
Easley Malika $85,000 Security Title Services
Sinkford Arvetta $63,000 First American Title Ins Co
Simmons Nettie -- Genesis Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Easley Malika $84,333
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $6,000 +81.8% $8 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $3,300 -- $4 / 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 $567 $10,800 $0 $0
2024 $567 $8,900 $0 $0
2023 $549 $6,840 $0 $0
2022 $643 $6,600 $0 $0
2021 $627 $4,900 $0 $0
2020 $626 $6,300 $0 $0
2019 $619 $4,680 $0 $0
2018 $562 $4,500 $0 $0
2017 $78 $4,100 $0 $0
2016 $495 $17,300 $0 $0
2015 $380 $3,800 $0 $0
2013 $427 $4,266 $0 $0
2010 -- $6,112 $515 $5,597
Source: Public Records

Agents Affiliated with this Home

  • Joe Dakroub

    Seller's Agent in 2016

    Joe Dakroub

    RE/MAX

    (313) 457-0100

    61 Total Sales

    Joe Dakroub
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Map

Source: Realcomp

MLS Number: 216046150

Realcomp

APN: 16-005367

Michigan Wayne County Detroit 48204 Nardin Park

5531 Welton St, Detroit, MI

This home is located at 5531 Welton St, Detroit, MI 48204 since 12 May 2016 and is currently estimated at $57,276, approximately $75 per square foot. This property was built in 1919. 5531 Welton St is a home located in Wayne County with nearby schools including Durfee Elementary-Middle School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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

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