NOT LISTED FOR SALE

5551 E Outer Dr Detroit, MI 48234

Mount Olivet Neighborhood

Estimated Value: $70,000 - $84,287

3 Beds
1.5 Baths
1,029 Sq Ft
$74/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $33,000 $32 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $506/month

49 Days on Market

Highlights

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

About This Home

As of November 2017

NICE 3 BEDROOM BRICK RANCH HOME WITH 2 CAR GARAGE. GREAT FOR THE FIRST TIME BUYER OR INVESTOR. BIG FINISHED BASEMENT WITH 2 FULL SIZE ROOMS AND HALF BATH. ALL MEASUREMENTS ARE ESTIMATED. BATVAI. SOLD AS IS

Last Agent to Sell the Property

LaTrina Spencer

Supreme Realty License #6502394167 Listed on: 07/12/2017

Last Buyer's Agent

Haroldella Lynch

KW Professionals License #RCO-6501403505

KW Professionals

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 42.00x145.18

Parking

  • 2 Car Garage

Home Design

  • 1,029 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • Gruebner Bros Subdivision

Listing and Financial Details

  • Assessor Parcel Number W17I016287S

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 1729
  • Sq Ft Lower Floor: 700
  • Total Sq Ft: 1029
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 42
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 267857.1429
  • Lot Size Area: 0.14
  • Lot Dimensions: 42.00X145.18
  • Parcel Number: W17I016287S

Tax Info

  • Tax Amount Summer: 1077.0000
  • Tax Amount Winter: 124.0000
  • Total Tax: 1201.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2017
Closed on
Nov 3, 2017
Sold by
Shakoor Adam A and Real Properties Investments Ll
Bought by
Hunter Linda
Seller's Agent
LaTrina Spencer
Supreme Realty
Buyer's Agent
Haroldella Lynch
KW Professionals
List Price
$37,500
Sold Price
$33,000
Premium/Discount to List
-$4,500
-12%
Current Estimated Value
$72,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,979
Avg. Annual Appreciation
11.46%
Original Mortgage
$31,350
Outstanding Balance
$26,332
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$50,240

Purchase Details

Closed on
Nov 6, 2013
Sold by
Charter County Of Wayne
Bought by
Real Properties Investments Llc

Purchase Details

Closed on
Nov 3, 2011
Sold by
Williams Charles T
Bought by
Roberson De Juan

Purchase Details

Closed on
Aug 1, 2009
Sold by
Hannum Billie Jean
Bought by
Williams Charles Timothy

Purchase Details

Closed on
Feb 6, 2009
Sold by
Trott & Trott Pc
Bought by
Hannum Billie J

Purchase Details

Closed on
Jul 23, 2008
Sold by
Pampas Solutions Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 16, 2007
Sold by
Pampas Solutions Llc
Bought by
Sosa Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
6.42%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 12, 2005
Sold by
Byes Vanessa and Hall Sharlonde
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 24, 2003
Sold by
Estate Of Marie T Kulak
Bought by
First Equity Investment Corp
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
Hunter Linda $33,000 None Available
Real Properties Investments Llc $4,700 None Available
Roberson De Juan -- None Available
Williams Charles Timothy -- None Available
Hannum Billie J $6,500 Warranty Title Agency Llc
Federal Home Loan Mortgage Corporation $71,151 None Available
Sosa Paul -- None Available
Federal Home Loan Mortgage Corp $89,766 None Available
First Equity Investment Corp $50,000 Multiple
Byes Vanessa $90,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hunter Linda $31,350
Previous Owner Pampas Solutions Llc $62,500
Previous Owner Pampas Solutions Llc $56,348
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2017 11/03/17 Sold $33,000 -12.0% $32 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $37,500 -- $36 / 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 $1,221 $31,900 $0 $0
2024 $1,221 $27,700 $0 $0
2023 $974 $22,300 $0 $0
2022 $1,061 $18,400 $0 $0
2021 $1,035 $14,700 $0 $0
2020 $1,025 $12,900 $0 $0
2019 $1,010 $11,400 $0 $0
2018 $869 $10,700 $0 $0
2017 $192 $10,100 $0 $0
2016 $1,201 $12,700 $0 $0
2015 $1,270 $12,700 $0 $0
2013 $1,760 $17,596 $0 $0
2010 -- $25,798 $1,253 $24,545
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    LaTrina Spencer

    Supreme Realty

    (313) 575-7987

    62 Total Sales

    Section Image
  • Haroldella Lynch

    Buyer's Agent in 2017

    Haroldella Lynch

    KW Professionals

    (248) 891-9037

    10 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 217060100

Realcomp

APN: 17-016287

Michigan Wayne County Detroit 48234 Mount Olivet

5551 E Outer Dr, Detroit, MI

This home is located at 5551 E Outer Dr, Detroit, MI 48234 since 12 July 2017 and is currently estimated at $76,572, approximately $74 per square foot. This property was built in 1947. 5551 E Outer Dr is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Charles L. Spain Elementary-Middle School, and Bates Academy.

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.

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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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