NOT LISTED FOR SALE

5755 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $57,000 - $62,982

2 Beds
1 Bath
800 Sq Ft
$75/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $34,000 $42 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $449/month

20 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Porch
  • Cass Technical High School Rated 10
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of August 2020

Attention Investors - 2 BDR Ranch style home, minutes to Ascension (St. John's Hospital Compex) and Grosse Pointe. Great addition to your rental portfolio or for a first time home buyer willing to do a little work. Hardwood floors throughout. 3 year old furnace and water heater. Wooden deck in backyard. Great street off Chandler Park Drive, walking distance to Balduck Park. Property under 24/7 surveillance. Cash sale only.

Last Agent to Sell the Property

Dominick Procopio

RE/MAX First License #MISPE-6501371109 Listed on: 08/05/2020

RE/MAX First

Last Buyer's Agent

Derrick Hudson

EXP Realty Main License #6501419956

EXP Realty Main

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x103
  • Fenced Yard

Home Design

  • Ranch Style House

Interior Spaces

  • 800 Sq Ft Home
  • Basement
  • Block Basement Construction
  • Oven or Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Farmdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21078148.

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type: Investment
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 1039
  • Year Built: 1941
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement: Block
  • Bedrooms: 2
  • Bedroom 1: On 1st Floor, Dimensions: 10 x 12
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On 1st Floor, Dimensions: 8 x 10
  • Bedroom 2 Floor Covering: Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 6 x 8, On Level: First, Flooring: Ceramic
  • Kitchen: On 1st Floor, Dimensions: 8 x 10
  • Kitchen Floor Covering: Vinyl
  • Below Grade Sq Ft: 700
  • Above Grade Finished Sq Ft: 800
  • Total Finished Sq Ft: 800

Exterior Features

  • Exterior: Aluminum
  • Exterior Features: Fenced Yard, Porch, Sidewalks
  • Foundation: Basement
  • Frontage: 50
  • Road: City/County

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Assessments: 240
  • Assessments: Yes
  • Assessor Parcel Number: 21078148.
  • Zoning: Residential
  • Lot Dimensions: 50x103
  • Acreage: 0.12
  • Geo Subdivision: MI
  • Site/Lot Features: Subdivision

Tax Info

  • Summer Tax: Year: 2019, Amount: $713.00
  • Winter Tax: Year: 2019, Amount: $86.00
  • Total Tax: Amount: $1,039.00
  • SEV Year: 2019

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Aug 27, 2020
Sold by
Uptown Homes Investment Llc
Bought by
Reid Vanessa
Seller's Agent
Dominick Procopio
RE/MAX First
Buyer's Agent
Derrick Hudson
EXP Realty Main
List Price
$35,695
Sold Price
$34,000
Premium/Discount to List
-$1,695
-4.75%
Current Estimated Value
$59,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,996
Avg. Annual Appreciation
10.72%

Purchase Details

Listed on
Jun 27, 2016
Closed on
Aug 12, 2016
Sold by
Lyons Management Inc
Bought by
Uptown Homes Investment Llc
Seller's Agent
Damon Jones
Jones Realty LLC
Buyer's Agent
Dominick Procopio
List Price
$14,999
Sold Price
$13,100
Premium/Discount to List
-$1,899
-12.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.55%

Purchase Details

Closed on
May 5, 2016
Sold by
Central Detroit Christian Cdc
Bought by
Lyons Management Inc

Purchase Details

Closed on
Oct 29, 2014
Sold by
Fannie Mae
Bought by
Central Detroit Christian Community Deve

Purchase Details

Closed on
Mar 12, 2014
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 27, 2014
Sold by
Isbell Wayne and Isbell Anetia
Bought by
Bank Of America Na
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Reid Vanessa $34,000 Regions Title Agency Llc
Uptown Homes Investment Llc $15,100 None Available
Lyons Management Inc $4,000 Attorney
Central Detroit Christian Community Deve $13,000 Parks Title
Federal National Mortgage Association -- None Available
Bank Of America Na $77,781 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Isbell Wayne $72,883
Previous Owner Isbell Wayne $75,000
Previous Owner Isbell Wayne $63,100
Previous Owner Isbell Wayne $14,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $34,000 +5.0% $43 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/21/2020 08/21/20 Price Changed $32,395 -9.2% $40 / Sq Ft
08/19/2020 08/19/20 For Sale $35,695 0.0% $45 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $35,695 +172.5% $45 / Sq Ft
08/12/2016 08/12/16 Sold $13,100 -12.7% $17 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $14,999 -- $19 / 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 $1,460 $35,400 $0 $0
2024 $1,460 $30,400 $0 $0
2023 $1,417 $22,700 $0 $0
2022 $1,513 $17,800 $0 $0
2021 $1,471 $14,100 $0 $0
2020 $1,062 $12,700 $0 $0
2019 $1,046 $10,800 $0 $0
2018 $925 $8,900 $0 $0
2017 $173 $9,100 $0 $0
2016 $1,103 $11,400 $0 $0
2015 $1,140 $11,400 $0 $0
2013 $1,621 $16,207 $0 $0
2010 -- $23,762 $1,198 $22,564
Source: Public Records

Agents Affiliated with this Home

  • Dominick Procopio

    Seller's Agent in 2020

    Dominick Procopio

    RE/MAX of Southeast Michigan

    (586) 306-7142

    1 in this area

    48 Total Sales

    Dominick Procopio
    Section Image

  • D

    Buyer's Agent in 2020

    Derrick Hudson

    EXP Realty Main

    Section Image

  • D

    Seller's Agent in 2016

    Damon Jones

    Jones Realty LLC

    (313) 551-9072

    7 Total Sales

    Damon Jones
    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50019590

Michigan Multiple Listing Service

APN: 21-078148

Michigan Wayne County Detroit 48224 Cornerstone Village

5755 Farmbrook St, Detroit, MI

This home is located at 5755 Farmbrook St, Detroit, MI 48224 since 05 August 2020 and is currently estimated at $59,996, approximately $74 per square foot. This property was built in 1941. 5755 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.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Nearby Homes