NOT LISTED FOR SALE

5574 Balfour Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $64,000 - $94,000

4 Beds
2 Baths
2,146 Sq Ft
$39/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $1,200 $1 Per Sq Ft

Est. 6,809% increase in value since last sale

Current estimated payment $517/month

362 Days on Market

About This Home

As of May 2016

MULTI FAMILY HOME, WITH 2-2 BEDROOM UNITS, EACH WITH 1 FULL BATH, KITCHEN, LIVING ROOM, BASEMENT.

Last Agent to Sell the Property

Albert Hakim

City Real Estate Group LLC License #MISPE-6502415090 Listed on: 05/07/2015

Last Buyer's Agent

. Non Mls Member

NON MLS Member License #MISPE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1928

Lot Details

  • 5,227

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 2-Story Property
  • 5,227 Sq Ft Lot
  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 21067731.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 2146

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: 21067731.
  • Lot Dimensions: 40
  • Acreage: 0.12
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $1,276.00
  • Winter Tax: Year: 2014, Amount: $114.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2025
Sold by
Merza Alvin
Bought by
574 Home Llc
Current Estimated Value
$82,911

Purchase Details

Closed on
May 21, 2025
Sold by
Krm Revocable Living Trust
Bought by
Merza Alvin

Purchase Details

Closed on
Mar 27, 2018
Sold by
Martin Ken
Bought by
Krm Revicable Living Trust

Purchase Details

Closed on
Dec 20, 2016
Sold by
Sabree Eric R
Bought by
Martin Ken

Purchase Details

Listed on
May 7, 2015
Closed on
Apr 29, 2016
Sold by
Nimitz Llc
Bought by
Tolliver Richardo
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$6,000
Sold Price
$1,200
Premium/Discount to List
-$4,800
-80%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.25%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Patton Llc
Bought by
Nimitz Llc

Purchase Details

Closed on
Mar 30, 2015
Sold by
Summit Acquisitions Llc
Bought by
Patton Llc

Purchase Details

Closed on
Feb 15, 2014
Sold by
Artesian Equities Llc
Bought by
Summit Acquisitions Llc

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Artesian Equities Llc

Purchase Details

Closed on
Apr 16, 2010
Sold by
Clark Antoine
Bought by
Jones Edwin and Clark Antoine

Purchase Details

Closed on
Apr 5, 2008
Sold by
Fitzpatrick Ronald
Bought by
Clark Antoine

Purchase Details

Closed on
Feb 28, 2008
Sold by
Fannie Mae
Bought by
Clark Antoine

Purchase Details

Closed on
Jan 22, 2007
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 11, 2007
Sold by
Monts Kimberly
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jul 1, 2004
Sold by
Eastside Realty Llc
Bought by
Monts Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Household Financial Corp
Bought by
Eastside Realty Llc
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
574 Home Llc $65,000 None Listed On Document
Merza Alvin -- None Listed On Document
Krm Revicable Living Trust -- None Available
Martin Ken $500 None Available
Tolliver Richardo -- None Available
Nimitz Llc -- None Available
Patton Llc -- None Available
Summit Acquisitions Llc -- None Available
Artesian Equities Llc $3,200 None Available
Jones Edwin -- None Available
Clark Antoine -- None Available
Clark Antoine -- None Available
Clark Antoine -- None Available
Federal National Mortgage Association -- None Available
Citimortgage Inc $99,409 None Available
Monts Kimberly $125,000 --
Eastside Realty Llc $65,000 Regency Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monts Kimberly $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $1,200 -80.0% $1 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
05/07/2015 05/07/15 For Sale $6,000 -- $3 / Sq Ft
Source: Michigan Multiple Listing Service

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 $982 $34,800 $0 $0
2024 $982 $28,400 $0 $0
2023 $952 $22,300 $0 $0
2022 $1,010 $20,000 $0 $0
2021 $985 $16,000 $0 $0
2020 $985 $14,800 $0 $0
2019 $971 $13,500 $0 $0
2018 $861 $11,800 $0 $0
2017 $150 $7,900 $0 $0
2016 $1,425 $17,500 $0 $0
2015 $1,216 $17,500 $0 $0
2013 $2,357 $23,567 $0 $0
2010 -- $34,554 $1,116 $33,438
Source: Public Records

Agents Affiliated with this Home

  • Albert Hakim

    Seller's Agent in 2016

    Albert Hakim

    City Real Estate Group LLC

    (313) 800-7653

    5 in this area

    89 Total Sales

    Albert Hakim
    Section Image

  • .

    Buyer's Agent in 2016

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31241509

Michigan Multiple Listing Service

APN: 21-067731

Michigan Wayne County Detroit 48224 Morningside

5574 Balfour Rd, Detroit, MI

This home is located at 5574 Balfour Rd, Detroit, MI 48224 since 07 May 2015 and is currently estimated at $82,911, approximately $38 per square foot. This property was built in 1928. 5574 Balfour Rd is a home located in Wayne County with nearby schools including Ronald Brown Academy, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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Michigan Multiple Listing Service Source MLS: MiRealSource
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