NOT LISTED FOR SALE

5534 Lakeview St Detroit, MI 48213

Chandler Park Neighborhood

Estimated Value: $93,000 - $193,000

4 Beds
2 Baths
2,291 Sq Ft
$57/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $11,000 $5 Per Sq Ft

Est. 1,077% increase in value since last sale

Current estimated payment $768/month

About This Home

As of June 2018

GREAT INVESTMENT PROPERTY! PURCHASE & LIVE IN ONE UNIT AND RENT ONE OUT! LOCATED INA GREAT RENTAL NEIGHBORHOOD ON THE EASTSIDE OF DETROIT. PROPERTY NEEDS SOME TLC. CHECK IT OUT BEFORE IT'S GONE. PACKAGE DEAL WITH 5974 COPLIN, 5984 LAKEVIEW, 5534 LAKEVIEW, 15039 FREELAND, 16616 GREENVIEW, 17566 STOEPEL, 17183 STOEPEL, 10901 WORDEN, 18200 APPOLINE, 1740 W GRAND BLVD, 15019 STEEL, 1018 DREXEL.

Last Agent to Sell the Property

Albert Hakim

City Real Estate Group LLC License #MISPE-6502415090 Listed on: 06/06/2018

Last Buyer's Agent

Graystone Maddox

Front Page Properties License #RCO-6501387343

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,017

Year Built

  • Built in 1929

Lot Details

  • 3,920

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 2-Story Property
  • 3,920 Sq Ft Lot
  • Community Well
  • Basement

Community Details

  • 2 Units
  • Plat Of Alfred F Steiners Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21052386.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,017

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1929
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 2291

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Community Well
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: 21052386.
  • Lot Dimensions: 40
  • Acreage: 0.09
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2016, Amount: $1,208.00
  • Winter Tax: Year: 2016, Amount: $129.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
May 14, 2018
Sold by
Ling Qiu
Bought by
5534 Lake View Llc
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
Graystone Maddox
Front Page Properties
List Price
$24,900
Sold Price
$11,000
Premium/Discount to List
-$13,900
-55.82%
Current Estimated Value
$129,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,464
Avg. Annual Appreciation
40.07%

Purchase Details

Closed on
Jun 26, 2015
Sold by
Pom Investors Llc
Bought by
Qiu Ling

Purchase Details

Listed on
Sep 9, 2014
Closed on
Apr 8, 2015
Sold by
Reinus Investment Group Llc
Bought by
Pom Investors Llc
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Cathy Hodges
RE/MAX First
List Price
$15,000
Sold Price
$13,000
Premium/Discount to List
-$2,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.32%

Purchase Details

Closed on
Nov 30, 2014
Sold by
Sawabe Masami and Caldwell Tyraa
Bought by
Reinus Investment Group Llc

Purchase Details

Closed on
Dec 15, 2011
Sold by
Dade Llc
Bought by
Sawabe Masami

Purchase Details

Closed on
Jul 27, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Dade Llc

Purchase Details

Closed on
Nov 11, 2010
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
May 5, 2010
Sold by
Shaw Ethan
Bought by
Midfirst Bank

Purchase Details

Closed on
Oct 26, 2006
Sold by
Rooks Ernestine
Bought by
Shaw Ethan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,020
Interest Rate
6.38%
Mortgage Type
FHA
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
5534 Lake View Llc $13,000 Embassy Title Agency
Qiu Ling $60,000 Embassy Title Agency Inc
Pom Investors Llc $15,000 Embassy Title Agency Inc
Reinus Investment Group Llc -- Embassy Title Agency
Sawabe Masami $27,000 None Available
Dade Llc $4,500 None Available
The Secretary Of Housing & Urban Develop -- None Available
Midfirst Bank $80,347 None Available
Shaw Ethan $85,000 Great Lakes Title Michigan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaw Ethan $69,020
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2018 06/25/18 Sold $11,000 -55.8% $5 / Sq Ft
06/11/2018 06/11/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $24,900 +91.5% $11 / Sq Ft
04/14/2015 04/14/15 Sold $13,000 -13.3% $6 / Sq Ft
10/23/2014 10/23/14 Pending -- -- --
09/09/2014 09/09/14 For Sale $15,000 -- $7 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,017 $34,500 $0 $0
2024 $1,017 $29,200 $0 $0
2023 $985 $23,700 $0 $0
2022 $954 $18,500 $0 $0
2021 $939 $11,500 $0 $0
2020 $1,250 $12,400 $0 $0
2019 $1,231 $11,200 $0 $0
2018 $1,110 $10,000 $0 $0
2017 $192 $10,100 $0 $0
2016 $1,336 $11,800 $0 $0
2015 $1,180 $11,800 $0 $0
2013 -- $20,400 $0 $0
2010 -- $29,909 $718 $29,191
Source: Public Records

Agents Affiliated with this Home

  • Albert Hakim

    Seller's Agent in 2018

    Albert Hakim

    City Real Estate Group LLC

    (313) 800-7653

    92 Total Sales

    Albert Hakim
    Section Image

  • G

    Buyer's Agent in 2018

    Graystone Maddox

    Front Page Properties

  • Jeff Glover

    Seller's Agent in 2015

    Jeff Glover

    KW Professionals

    (855) 533-3735

    2 in this area

    2,291 Total Sales

    Jeff Glover
    Section Image
  • Tyraa Caldwell

    Seller Co-Listing Agent in 2015

    Tyraa Caldwell

    Tyraa Nicole Realtors LLC

    (313) 346-3203

    117 Total Sales

    Tyraa Caldwell
    Section Image
  • Cathy Hodges

    Buyer's Agent in 2015

    Cathy Hodges

    RE/MAX of Southeast Michigan

    (248) 885-7696

    7 Total Sales

    Cathy Hodges
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31349735

Michigan Multiple Listing Service

APN: 21-052386

Michigan Wayne County Detroit 48213 Chandler Park

5534 Lakeview St, Detroit, MI

This home is located at 5534 Lakeview St, Detroit, MI 48213 since 06 June 2018 and is currently estimated at $129,464, approximately $56 per square foot. This property was built in 1929. 5534 Lakeview St is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Carstens Academy of Aquatic Science, 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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