NOT LISTED FOR SALE

5655 Wilmer St Westland, MI 48185

Estimated Value: $124,000 - $254,000

4 Beds
4 Baths
1,280 Sq Ft
$159/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $140,000 $109 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,530/month

2 Days on Market

About This Home

As of May 2019

Very attractive and affordable four family apartment. Good potential for increasing the rent. Income and expenses are actual for 2018. Close to transportation, restaurants, etc. Buyer agent to accompany all showings of model apartment at 5655 Wilmer. Offer to be contingent upon inspection of other three units. Please do not disturb other tenants. Easy lockbox showings. Seller financing possible. Addresses for the property are : 5655, 5659, 5663, 5669 Wilmer.

Last Agent to Sell the Property

Roger Frank

Century 21 Curran & Oberski License #6501219765 Listed on: 05/21/2019

Century 21 Curran & Oberski

Last Buyer's Agent

James Fisher

KW Showcase Realty License #RCO-6501405180

KW Showcase Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1953

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80.00x130.00
  • Private Entrance

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 1,280 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Liquid Propane Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Ford Road Electric Railway Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 56031010257000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,187

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Assessment: 54.08
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 1280
  • Total Sq Ft: 1280

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: LP Gas/Propane
  • Heating: Wall/Floor Furnace
  • Sewer: Sewer at Street
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Wayne-Westland

Lot Info

  • List Price per Acre: 666250.0000
  • Lot Size Area: 0.24
  • Lot Dimensions: 80.00X130.00
  • Parcel Number: 56031010257000
  • Zoning: Residential

Rental Info

  • Deposit Amount: 50000.00
  • Rent Includes: Trash Collection (Garbage Pickup), Heat, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1740

Tax Info

  • Tax Amount Summer: 1871.0000
  • Tax Amount Winter: 316.0000
  • Total Tax: 2187.0000

Multi Family

  • Gross Scheduled Income: 19361.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Wayne-Westland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
May 31, 2019
Sold by
Andrews Rebecca B and Rebecca B Andrews Revocable Tr
Bought by
Lucico Properties Llc
Seller's Agent
Roger Frank
Century 21 Curran & Oberski
Buyer's Agent
James Fisher
KW Showcase Realty
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Current Estimated Value
$218,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,037
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Oct 7, 2002
Sold by
Andrews Rebecca B
Bought by
Andrews Rebecca B
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
Lucico Properties Llc $140,000 Title One Inc
Andrews Rebecca B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robert Of Ghannam Member Of Genco Cap Ll $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $140,000 -12.4% $109 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $159,900 -- $125 / 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 $4,044 $86,200 $0 $0
2024 $4,044 $84,800 $0 $0
2023 $3,859 $76,400 $0 $0
2022 $4,223 $68,500 $0 $0
2021 $4,130 $63,400 $0 $0
2020 $4,084 $59,400 $0 $0
2019 $2,299 $58,600 $0 $0
2018 $1,871 $53,900 $0 $0
2017 $622 $54,200 $0 $0
2016 $2,217 $48,400 $0 $0
2015 $3,162 $31,620 $0 $0
2013 $3,248 $33,600 $0 $0
2012 $2,016 $31,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219047564

Realcomp

APN: 56-031-01-0257-000