NOT LISTED FOR SALE

5561 W Outer Dr Detroit, MI 48235

Schulze Neighborhood

Estimated Value: $169,000 - $255,000

3 Beds
2 Baths
1,604 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 02, 2015

Last sale price $21,500 $13 Per Sq Ft

Est. 845% increase in value since last sale

Current estimated payment $1,364/month

39 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 2 Car Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of September 2015

TOTAL REHAB...PROPERTY SUSTAINED FIRE DAMAGE PREVIOUSLY AND THE DRY WALL HAS BEEN STRIPPED OUT. THIS IS FOR A SERIOUS INVESTOR DEDICATED TO RESTORE THIS HOME TO THE GEM IT HAS THE POTENTIAL TO BE. SOLD AS IS. BUYER'S AGENT TO VERIFY ALL DATA. PRIME LOCATION WITH ENDLESS OPPORTUNITIES. SELLER IS MOTIVATED, BUT WILL ONLY ENTERTAIN SERIOUS INQUIRIES.

Last Agent to Sell the Property

Charles Ryan

Keller Williams Home License #6501309474 Listed on: 07/05/2015

Keller Williams Home

Last Buyer's Agent

Cassandra Ford

Community Choice Realty Inc License #6501332043

Community Choice Realty Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x134

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,604 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Mortensons Benj F Mortenc Rest No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I125244S

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 1604
  • Total Sq Ft: 1604
  • Sq Ft Total Bsmt: 569

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 199333.3333
  • Lot Size Area: 0.15
  • Lot Dimensions: 50x134
  • Parcel Number: W22I125244S

Tax Info

  • Tax Amount Summer: 2522.0000
  • Tax Amount Winter: 276.0000
  • Total Tax: 2798.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Face Industries Revocable Living Trust
Bought by
Johnson Ron E
Current Estimated Value
$203,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,750
Outstanding Balance
$176,808
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$26,438

Purchase Details

Closed on
Dec 19, 2018
Sold by
Johnson Ron E
Bought by
The Face Industries Revocable Living Tru

Purchase Details

Listed on
Jul 5, 2015
Closed on
Sep 2, 2015
Sold by
Medley Llc
Bought by
Johnson Ron
Seller's Agent
Charles Ryan
Keller Williams Home
Buyer's Agent
Cassandra Ford
Community Choice Realty Inc
List Price
$29,900
Sold Price
$21,500
Premium/Discount to List
-$8,400
-28.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.05%

Purchase Details

Closed on
Jun 17, 2015
Sold by
Fresh 4 Less Llc
Bought by
Medley Llc

Purchase Details

Listed on
Mar 18, 2014
Closed on
Apr 18, 2014
Sold by
Fannie Mae
Bought by
Medley Llc
Seller's Agent
Jason Megie
Realty Executives Preferred, L
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$1,000
Sold Price
$15,123
Premium/Discount to List
$14,123
1412.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.62%

Purchase Details

Closed on
Nov 13, 2013
Sold by
Onewest Bank Fsb
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Nov 7, 2013
Sold by
Travis Eloise A
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Dec 16, 2002
Sold by
Travis Eloise A
Bought by
Travis Eloise 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
Johnson Ron E -- None Listed On Document
Johnson Ron E -- None Listed On Document
The Face Industries Revocable Living Tru -- None Available
Johnson Ron $21,500 Reputation First Title Agenc
Medley Llc -- None Available
Medley Llc $15,123 None Available
Fannie Mae -- None Available
Onewest Bank Fsb $25,000 None Available
Travis Eloise A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Ron E $180,750
Closed Johnson Ron E $180,750
Previous Owner Travis Eloise A $256,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2015 09/02/15 Sold $21,500 -28.1% $13 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
07/05/2015 07/05/15 For Sale $29,900 +97.7% $19 / Sq Ft
05/02/2014 05/02/14 Sold $15,123 +1412.3% $9 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $1,000 -- $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 $3,489 $52,700 $0 $0
2024 $3,489 $43,000 $0 $0
2023 $1,295 $33,300 $0 $0
2022 $1,381 $27,500 $0 $0
2021 $1,343 $21,400 $0 $0
2020 $1,343 $19,900 $0 $0
2019 $1,522 $14,900 $0 $0
2018 $1,160 $13,000 $0 $0
2017 $222 $11,700 $0 $0
2016 $2,340 $24,800 $0 $0
2015 $2,480 $24,800 $0 $0
2013 $3,649 $36,493 $0 $0
2010 -- $53,503 $1,531 $51,972
Source: Public Records

Agents Affiliated with this Home

  • Charles Ryan

    Seller's Agent in 2015

    Charles Ryan

    Keller Williams Home

    (313) 578-1981

    2 in this area

    186 Total Sales

    Charles Ryan
    Section Image

  • C

    Buyer's Agent in 2015

    Cassandra Ford

    Community Choice Realty Inc

    (313) 570-0899

    14 Total Sales

    Cassandra Ford
    Section Image

  • J

    Seller's Agent in 2014

    Jason Megie

    Realty Executives

  • .

    Buyer's Agent in 2014

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Realcomp

MLS Number: 215069592

Realcomp

APN: 22-125244

Michigan Wayne County Detroit 48235 Schulze

5561 W Outer Dr, Detroit, MI

This home is located at 5561 W Outer Dr, Detroit, MI 48235 since 05 July 2015 and is currently estimated at $203,245, approximately $126 per square foot. This property was built in 1937. 5561 W Outer Dr is a home located in Wayne County with nearby schools including Schulze Academy for Technology and Arts, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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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