NOT LISTED FOR SALE

5779 Oldtown St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $96,000 - $126,805

3 Beds
1.5 Baths
1,325 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $50,000 $38 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $738/month

15 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Porch
  • Laundry Facilities

About This Home

As of August 2020

This charming home has many recent updates including an updated kitchen and bathroom, new sewer line from the house to the city main. The living room and dining room have nice hardwood floors. New furnace and hot water tank installed this year, most of the windows are 3-4 years old, and the second floor and stairs have new high quality carpet, new interior, exterior and security doors. Located down the road from Balduck Park and St. Johns, with quick access to I-94, this home has an ideal location. Schedule your showing today! Please note that the home has active video monitoring/recording. Land contract terms are available for this home. Make this charming colonial your new home!

Last Agent to Sell the Property

Mike Procissi

Power House Group Realty License #6502431163 Listed on: 07/14/2020

Last Buyer's Agent

Tami Jo Schuetzler

RE/MAX Leading Edge License #RCO

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940 | Remodeled in 2019

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00x110.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,325 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Additional Features

  • Porch
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number W21I075489S

Community Details

Overview

  • No Home Owners Association
  • Paschke Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1940 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1940
  • State Equalized Value: 16900.0000
  • Year Renovated: 2019
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Sq Ft Combined: 1325
  • Total Sq Ft: 1325
  • Sq Ft Total Bsmt: 670

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 599000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00X110.00
  • Parcel Number: W21I075489S

Rental Info

  • Deposit Amount: 30000.00

Tax Info

  • Tax Amount Summer: 1137.0000
  • Tax Amount Winter: 140.0000
  • Total Tax: 1277.0000
  • Taxable Value: 14745.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2022
Sold by
Jaqueline Griffin
Bought by
Mcleod Magda
Current Estimated Value
$112,701

Purchase Details

Listed on
Jul 14, 2020
Closed on
Aug 21, 2020
Sold by
Hanek Mohamed
Bought by
Griffin Jaqueline
Seller's Agent
Mike Procissi
Power House Group Realty
Buyer's Agent
Tami Jo Schuetzler
RE/MAX Leading Edge
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.02%

Purchase Details

Closed on
Nov 21, 2017
Sold by
The Detroit Land Bank Authority
Bought by
Hanek Mohamed

Purchase Details

Closed on
May 23, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Jan 16, 2014
Sold by
Clark Maurice
Bought by
Dukes Latesha

Purchase Details

Closed on
Jun 4, 2010
Sold by
5779 Oldtown St Trust and Kethman Ronald J
Bought by
Clark Maurice

Purchase Details

Closed on
May 1, 2009
Sold by
Home Savers Of America
Bought by
5779 Oldtown St Trust

Purchase Details

Closed on
Aug 15, 2006
Sold by
Boston Longfellow Inc
Bought by
Hall Ii Jon C

Purchase Details

Closed on
Oct 26, 2005
Sold by
Deutsch Bank National Trust Co
Bought by
Boston Longfellow Inc

Purchase Details

Closed on
Jul 3, 2003
Sold by
Williams Robert L and Williams Anita
Bought by
Bankers Trust Co Of California Na
Source: Public Records

Range of Values:

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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
Mcleod Magda -- None Listed On Document
Griffin Jaqueline $50,000 First American Title Ins Co
Hanek Mohamed -- None Available
Detroit Land Bank Authority -- None Available
Dukes Latesha $19,260 None Available
Clark Maurice -- Pavilion Title Agency Inc
5779 Oldtown St Trust $32,600 None Available
Home Savers Of America $13,000 None Available
Hall Ii Jon C $134,000 Enterprise Title Solutions
Boston Longfellow Inc $61,655 None Available
Bankers Trust Co Of California Na $95,728 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $50,000 -16.5% $38 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $59,900 -- $45 / 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 $1,711 $55,800 $0 $0
2024 $1,711 $48,500 $0 $0
2023 $1,660 $36,100 $0 $0
2022 $2,217 $27,800 $0 $0
2021 $2,152 $21,900 $0 $0
2020 $1,570 $19,600 $0 $0
2019 $1,277 $16,900 $0 $0
2018 $1,087 $14,400 $0 $0
2017 $279 $14,700 $0 $0
2016 $1,302 $17,600 $0 $0
2015 $1,760 $17,600 $0 $0
2013 $2,514 $25,137 $0 $0
2010 -- $36,854 $1,148 $35,706
Source: Public Records

Agents Affiliated with this Home

  • Mike Procissi

    Seller's Agent in 2020

    Mike Procissi

    Power House Group Realty

    (734) 258-2113

    287 Total Sales

    Mike Procissi
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Map

Source: Realcomp

MLS Number: 2200054139

Realcomp

APN: 21-075489

Michigan Wayne County Detroit 48224 Cornerstone Village

5779 Oldtown St, Detroit, MI

This home is located at 5779 Oldtown St, Detroit, MI 48224 since 14 July 2020 and is currently estimated at $112,701, approximately $85 per square foot. This property was built in 1940. 5779 Oldtown 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.

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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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