NOT LISTED FOR SALE

5548 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $53,000 - $97,000

2 Beds
1 Bath
704 Sq Ft
$97/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2023

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

Est. 172% increase in value since last sale

Current estimated payment $533 / mo

3 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA

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.

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

3,920 Sq Ft Lot

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

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 704

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2023
Closed on
Jul 5, 2023
Sold by
Bought by
List Price
$24,900
Sold Price
$25,000
Premium/Discount to List
$100
0.4%
Views
117
Current Estimated Value
$67,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,956
Avg. Annual Appreciation
37.64%

Purchase Details

Closed on
May 28, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2014
Sold by
Bought by

Purchase Details

Closed on
May 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$25,000 None Listed On Document
$17,500 None Available
-- None Available
$8,300 None Available
-- None Available
$1,500 None Available
-- None Available
-- None Available
$5,008 None Available
-- None Available
$60,537 None Available
$58,000 --
$37,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $59,020
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,923 $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

  • A

    Seller's Agent in 2017

    Adebisi Adegboyega

    Royal Real Estate LLC

    (313) 595-5151

    3 in this area

    15 Total Sales

    Adebisi Adegboyega
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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

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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