NOT LISTED FOR SALE

5539 Sheridan St Detroit, MI 48213

Gratiot Town-Kettering Neighborhood

Estimated Value: $58,000 - $170,000

6 Beds
2 Baths
2,560 Sq Ft
$49/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $140,600 $55 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $689/month

53 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Balcony
  • Ceiling Fan

About This Home

As of December 2023

**Investor Special**
Completely renovated Multi family home with new everything Ready for tenants!
PROJECTED INCOME = 2400 MONTHLY AND 28,800 ANNUAL!

Last Agent to Sell the Property

George Jarrous

Century 21 Curran & Oberski License #6501434076 Listed on: 09/09/2023

Century 21 Curran & Oberski

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Remodeled in 2023

Lot Details

  • Lot Dimensions are 35 x 110
  • Fenced

Parking

  • Garage

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,560 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17013171.
  • $2,812 Seller Concession

Community Details

Overview

  • 2 Units
  • Gallaghers Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • Year Renovated: 2023
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Carbon Monoxide Alarm(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2560
  • Total Sq Ft: 2560
  • Sq Ft Total Bsmt: 1275

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 35
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 35 x 110
  • Parcel Number: 17013171.
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2400

Multi Family

  • Gross Scheduled Income: 28800.00
  • 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
Sep 9, 2023
Closed on
Dec 1, 2023
Sold by
Osaigbovo William
Bought by
Edwards Neisha and Edwards Courtney
Seller's Agent
George Jarrous
Century 21 Curran & Oberski
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$150,000
Sold Price
$140,600
Premium/Discount to List
-$9,400
-6.27%
Views
199
Current Estimated Value
$125,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,820
Avg. Annual Appreciation
-5.44%
Original Mortgage
$105,450
Outstanding Balance
$104,202
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$23,357

Purchase Details

Closed on
Apr 17, 2023
Sold by
Detroit Land Bank Authority
Bought by
Osaigbovo William

Purchase Details

Closed on
Dec 22, 2015
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Dec 31, 2008
Sold by
Wojtowicz Raymond J
Bought by
Planning & Development Dept City Of Detr

Purchase Details

Closed on
Mar 21, 2005
Sold by
Ford Glen
Bought by
Potts Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
8.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 31, 2002
Sold by
Corbet Clifton E
Bought by
Morgan Stanley Dean Witter Capital
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
Edwards Neisha $140,600 Embassy Title Agency
Osaigbovo William $1,200 None Listed On Document
The Detroit Land Bank Authority -- None Available
Planning & Development Dept City Of Detr -- None Available
Potts Peter $72,000 Multiple
Morgan Stanley Dean Witter Capital $39,898 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Neisha $105,450
Previous Owner Potts Peter $61,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $140,600 +0.4% $55 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/21/2023 10/21/23 Price Changed $140,000 -6.7% $55 / Sq Ft
09/09/2023 09/09/23 For Sale $150,000 -- $59 / 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 -- $53,100 $0 $0
2024 $45 $600 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $1,645 $0 $0 $0
2019 $1,645 $0 $0 $0
2018 $0 $600 $0 $0
2017 $8 $600 $0 $0
2016 $562 $400 $0 $0
2015 $40 $400 $0 $0
2013 $1,332 $13,322 $0 $0
2010 -- $19,532 $432 $19,100
Source: Public Records

Agents Affiliated with this Home

  • George Jarrous

    Seller's Agent in 2023

    George Jarrous

    Century 21 Curran & Oberski

    (313) 942-9007

    3 in this area

    157 Total Sales

    George Jarrous
    Section Image
  • Joe Hammel

    Buyer's Agent in 2023

    Joe Hammel

    Keller Williams Somerset

    (330) 844-5209

    1 in this area

    1,019 Total Sales

    Joe Hammel
    Section Image
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Map

Source: Realcomp

MLS Number: 20230075469

Realcomp

APN: 17-013171

Michigan Wayne County Detroit 48213 Gratiot Town-Kettering

5539 Sheridan St, Detroit, MI

This home is located at 5539 Sheridan St, Detroit, MI 48213 since 09 September 2023 and is currently estimated at $125,780, approximately $49 per square foot. This property was built in 1924. 5539 Sheridan St is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Southeastern High 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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