NOT LISTED FOR SALE

5555 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $63,000 - $115,000

3 Beds
1 Bath
837 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $57,000 $68 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $583/month

24 Days on Market

Highlights

  • No HOA
  • 1 Car Detached Garage
  • 1-Story Property
  • Cass Technical High School Rated 10
  • Bungalow
  • Forced Air Heating System

About This Home

As of May 2024

Check out this quaint bungalow in the Cornerstone Village neighborhood of Detroit. This home is in a strong community of Detroit with the amenities of Grosse Pointe just minutes away including major grocery stores, shops, and restaurants just around the corner. Also, Balduck Park is a short walk away. This home would make a great starter home or an excellent investment property. Perspective tenants have literally left notes in the door asking to lease this home! Schedule your tour before it's gone.

Last Agent to Sell the Property

Lionez Kimber

Berkshire Hathaway HomeServices The Loft Warehouse License #6501377273 Listed on: 03/29/2024

Berkshire Hathaway HomeServices The Loft Warehouse

Last Buyer's Agent

Ryan Lonsway

Real Broker LLC Troy License #6501424498

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00 x 103.00

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 837 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Rivard Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I078156S

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 Story
  • Assessment: 240.00
  • Year Built: 1941
  • State Equalized Value: 30100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 837
  • Total Sq Ft: 837
  • Sq Ft Total Bsmt: 771

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00 x 103.00
  • Parcel Number: W21I078156S

Tax Info

  • Tax Amount Summer: 1578.0000
  • Tax Amount Winter: 164.0000
  • Total Tax: 1742.0000
  • Taxable Value: 17376.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 15, 2024
Sold by
Domum Housing Llc
Bought by
14A Properties Llc
Seller's Agent
Lionez Kimber
Berkshire Hathaway HomeServices The Loft Warehouse
Buyer's Agent
Ryan Lonsway
Real Broker LLC Troy
List Price
$65,000
Sold Price
$57,000
Premium/Discount to List
-$8,000
-12.31%
Views
130
Current Estimated Value
$82,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,246
Avg. Annual Appreciation
26.01%

Purchase Details

Closed on
Oct 31, 2019
Sold by
Clamaco Holdings Llc
Bought by
Domum Housing Llc

Purchase Details

Closed on
Nov 10, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Clamco Holdings Llc

Purchase Details

Closed on
Jul 10, 2006
Sold by
Vanden Boom Sylvester A
Bought by
Williams Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
11.24%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 2002
Sold by
Vandenboom Sylvester A
Bought by
Vandenboom Sylvester A
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
14A Properties Llc $57,000 First American Title
Domum Housing Llc $28,000 Regions Title Agency Llc
Clamco Holdings Llc $4,918 None Available
Williams Thelma $75,000 Metropolitan Title Company
Vandenboom Sylvester A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Thelma $60,000
Previous Owner Williams Thelma $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $57,000 -12.3% $68 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $65,000 -- $78 / 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 $1,624 $46,900 $0 $0
2024 $1,624 $40,600 $0 $0
2023 $1,578 $30,100 $0 $0
2022 $1,687 $22,500 $0 $0
2021 $1,639 $17,600 $0 $0
2020 $1,638 $15,800 $0 $0
2019 $1,008 $13,500 $0 $0
2018 $892 $11,400 $0 $0
2017 $157 $11,700 $0 $0
2016 $1,171 $12,700 $0 $0
2015 $1,270 $12,700 $0 $0
2013 $1,810 $18,104 $0 $0
2010 -- $971 $970 $1
Source: Public Records

Agents Affiliated with this Home

  • Lionez Kimber

    Seller's Agent in 2024

    Lionez Kimber

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 459-9768

    6 in this area

    49 Total Sales

    Section Image
  • Ryan Lonsway

    Buyer's Agent in 2024

    Ryan Lonsway

    Real Broker LLC Troy

    (248) 765-7691

    5 in this area

    297 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20240019779

Realcomp

APN: 21-078156

Michigan Wayne County Detroit 48224 Cornerstone Village

5555 Farmbrook St, Detroit, MI

This home is located at 5555 Farmbrook St, Detroit, MI 48224 since 29 March 2024 and is currently estimated at $82,246, approximately $98 per square foot. This property was built in 1941. 5555 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.

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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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