NOT LISTED FOR SALE

5540 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $16,000 - $94,000

0.09 Acre
$618,522 Price per Acre
3,920 Sq Ft Lot

Last Sold April 16, 2018

Last sale price $599 $1 Per Sq Ft

Est. 9,193% increase in value since last sale

Current estimated payment $304/month

4 Days on Market

About This Lot

As of April 2018

Great opportunity to own a lot in the cornerstone village neighborhood of Detroit. Come be a part of Detroit's booming market! This vacant land is ready for use and is just a few blocks away from Balduck Park.

Last Agent to Sell the Property

Scott Lark

RE/MAX Nexus License #6501320335 Listed on: 02/01/2018

Last Buyer's Agent

Lee Lark

Keller Williams Paint Creek License #6501299715

Keller Williams Paint Creek

Property Details

Property Type

  • Land

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00x100.57

Utilities

  • Sewer in Street

Community Details

  • Rivard Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I078024S

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 9900.0000
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Feet: 40
  • Road Frontage Type: Paved

Utilities

  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 6655.5556
  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00X100.57
  • Parcel Number: W21I078024S
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 827.0000
  • Tax Amount Winter: 114.0000
  • Total Tax: 941.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2021
Sold by
Charboneau Norman and Charboneau Norman
Bought by
Jgc Real Estate Llc
Current Estimated Value
$55,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400
Outstanding Balance
$5,812
Interest Rate
3.1%
Mortgage Type
Stand Alone Second
Estimated Equity
$46,855

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 12, 2018
Sold by
Michigan State Housing Development Autho
Bought by
Charboneau Norman
Seller's Agent
Scott Lark
RE/MAX Nexus
Buyer's Agent
Lee Lark
Keller Williams Paint Creek
List Price
$599
Sold Price
$599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.41%

Purchase Details

Closed on
Nov 15, 2012
Sold by
Howard Jacqueline
Bought by
Michigan State Housing Development Autho
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
Jgc Real Estate Llc $1,500 Chirco Title Agency Inc
Charboneau Norman $599 None Available
Michigan State Housing Development Autho $47,168 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jgc Real Estate Llc $6,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2018 04/16/18 Sold $599 0.0% $1 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $599 -- $1 / 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 $22 $1,300 $0 $0
2024 $22 $300 $0 $0
2023 $22 $300 $0 $0
2022 $23 $300 $0 $0
2021 $23 $300 $0 $0
2020 $1,024 $10,300 $0 $0
2019 $1,010 $8,700 $0 $0
2018 $658 $7,100 $0 $0
2017 $137 $7,200 $0 $0
2016 $941 $11,700 $0 $0
2015 $1,170 $11,700 $0 $0
2013 $1,663 $16,634 $0 $0
2010 -- $24,388 $958 $23,430
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott Lark

    RE/MAX

    Section Image
  • Lee Lark

    Buyer's Agent in 2018

    Lee Lark

    Keller Williams Paint Creek

    (248) 321-1238

    139 Total Sales

    Lee Lark
    Section Image
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Map

Source: Realcomp

MLS Number: 218008612

Realcomp

APN: 21-078024

Michigan Wayne County Detroit 48224 Cornerstone Village

5540 Farmbrook St, Detroit, MI

This home is located at 5540 Farmbrook St, Detroit, MI 48224 since 01 February 2018 and is currently estimated at $55,667, approximately $79 per square foot. 5540 Farmbrook St 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.

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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