NOT LISTED FOR SALE

5548 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $52,000 - $85,000

2 Beds
1 Bath
704 Sq Ft
$92/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $25,000 $36 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $509/month

3 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 2 Car Detached Garage

About This Home

As of June 2023

MOVE IN READY HOUSE FOR SALE ON DETROITS EAST SIDE, CLOSER TO THE GROSSE POINTE AREA . THIS RANCH STYLE HOME OFFERS A TWO CAR GARAGE ON A QUIET STREET. PERFECT FOR FIRST TIME HOMEBUYERS OR INVESTORS LOOKING TO BUILD PORTFOLIO. FOUNDATIONAL ISSUE IN BASEMENT MAY NEED REINFORCEMENT. NO LAND CONTRACT. OWNER OCCUPIED. SHOWINGS AVAILABLE ANYTIME. PLEASE SCHEDULE AN APPOINTMENT BEFORE APPROACHING PROPERTY.

Last Agent to Sell the Property

Sam Hindo

Hindo Realty Group License #6501420086 Listed on: 03/25/2023

Hindo Realty Group

Last Buyer's Agent

Sam Hindo

Hindo Realty Group License #6501420086 Listed on: 03/25/2023

Hindo Realty Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00 x 101.00

Parking

  • 2 Car Detached Garage

Home Design

  • 704 Sq Ft Home
  • Ranch Style House
  • Poured Concrete
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Rivard Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I078025S

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 240.00
  • Year Built: 1940
  • State Equalized Value: 13000.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 4
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 704
  • Total Sq Ft: 704
  • Sq Ft Total Bsmt: 704

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 25
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 276666.6600
  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00 x 101.00
  • Parcel Number: W21I078025S

Tax Info

  • Tax Amount Summer: 887.0000
  • Tax Amount Winter: 100.0000
  • Total Tax: 987.0000
  • Taxable Value: 10639.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2023
Closed on
Jul 5, 2023
Sold by
Mitchell Elihu
Bought by
Mott Wagner Llc
Seller's Agent
Sam Hindo
Hindo Realty Group
Buyer's Agent
Sam Hindo
Hindo Realty Group
List Price
$24,900
Sold Price
$25,000
Premium/Discount to List
$100
0.4%
Views
117
Current Estimated Value
$64,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,474
Avg. Annual Appreciation
55.32%

Purchase Details

Closed on
May 28, 2020
Sold by
S Hagerman Mlc Rentals Llc
Bought by
Mitchell Elihu

Purchase Details

Closed on
Jun 15, 2018
Sold by
Mlc Rentals Llc
Bought by
Mitchell Elihu

Purchase Details

Closed on
Nov 16, 2017
Sold by
Sabree Eric R
Bought by
Hagermna S

Purchase Details

Closed on
Sep 10, 2015
Sold by
Royal Real Estate Llc
Bought by
Ama Property Management Llc

Purchase Details

Closed on
Nov 18, 2014
Sold by
Wayne County Treasurer
Bought by
Royal Real Estate Llc

Purchase Details

Closed on
May 16, 2012
Sold by
Ama Property Management Llc
Bought by
Amadeg & Associates Llc

Purchase Details

Closed on
Jan 10, 2011
Sold by
Adegboyega Adebisi
Bought by
Ama Property Management Llc

Purchase Details

Closed on
Jun 2, 2010
Sold by
Donovan Shaun
Bought by
Adegboyega Adebisi

Purchase Details

Closed on
Oct 2, 2009
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Apr 1, 2009
Sold by
Coleman Terry M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 25, 2002
Sold by
Littleton Tameka
Bought by
Coleman Terry M

Purchase Details

Closed on
Dec 4, 1996
Sold by
Mickelson Daniel H
Bought by
Tameka Littleton
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
Mott Wagner Llc $25,000 None Listed On Document
Mitchell Elihu $17,500 None Available
Mitchell Elihu -- None Available
Hagermna S $8,300 None Available
Ama Property Management Llc -- None Available
Royal Real Estate Llc $1,500 None Available
Amadeg & Associates Llc -- None Available
Ama Property Management Llc -- None Available
Adegboyega Adebisi $5,008 None Available
The Secretary Of Housing & Urban Develop -- None Available
Wells Fargo Bank Na $60,537 None Available
Coleman Terry M $58,000 --
Tameka Littleton $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Terry M $59,020
Closed Mitchell Elihu $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $25,000 0.0% $36 / Sq Ft
03/28/2023 03/28/23 Off Market $25,000 -- --
03/28/2023 03/28/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $24,900 +1364.7% $35 / Sq Ft
04/19/2017 04/19/17 Sold $1,700 -43.3% $2 / Sq Ft
03/25/2017 03/25/17 Price Changed $2,999 -76.8% $4 / Sq Ft
01/26/2017 01/26/17 For Sale $12,900 -- $18 / 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 $1,900 $25,700 $0 $0
2024 $1,900 $21,900 $0 $0
2023 $908 $16,400 $0 $0
2022 $987 $13,000 $0 $0
2021 $794 $10,300 $0 $0
2020 $794 $9,300 $0 $0
2019 $784 $7,900 $0 $0
2018 $702 $6,000 $0 $0
2017 $127 $6,700 $0 $0
2016 $1,201 $12,700 $0 $0
2015 $1,270 $12,700 $0 $0
2013 $1,810 $18,100 $0 $0
2010 -- $26,537 $958 $25,579
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sam Hindo

    Hindo Realty Group

    (248) 470-0565

    1 in this area

    50 Total Sales

    Sam Hindo
    Section Image

  • A

    Seller's Agent in 2017

    Adebisi Adegboyega

    Royal Real Estate LLC

    (313) 595-5151

    4 in this area

    28 Total Sales

    Adebisi Adegboyega
    Section Image
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Map

Source: Realcomp

MLS Number: 20230022140

Realcomp

APN: 21-078025

Michigan Wayne County Detroit 48224 Cornerstone Village

5548 Farmbrook St, Detroit, MI

This home is located at 5548 Farmbrook St, Detroit, MI 48224 since 25 March 2023 and is currently estimated at $64,474, approximately $91 per square foot. This property was built in 1940. 5548 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
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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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