NOT LISTED FOR SALE

585 Mount Vernon St Detroit, MI 48202

North End Neighborhood

Estimated Value: $186,000 - $311,000

4 Beds
2 Baths
2,170 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $1,850,000 $853 Per Sq Ft

Current estimated payment $1,783/month

224 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Porch

About This Home

As of August 2023

Renovated DUPLEX. (2) 2-Bedroom x 1-Bathroom Units available for purchase. Both are currently tenant occupied and producing positive income. Both are renovated and over 1000 square feet.

This property is part of a 10-property portfolio package deal including the follow MLS numbers for $2,600,000 (8% Cap)...located in North End: 20221051795, 20221051887, 20221052661, 20221051895, 20221052645, 20221052644, 20221052651,20221052654, 20221052658, 20221052662, 20221058226, 20221058256

Last Agent to Sell the Property

Matt O'Laughlin

Sold by Vie License #6501365647 Listed on: 01/11/2023

Co-Listed By

Suzanne O'Brien

Real Estate One GPF License #6501305554

Last Buyer's Agent

Leonard Pickett

RCH Brokerage Legacy Inc License #RCO-6501306589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1911

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00 x 110.00

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,170 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W03I002097S

Community Details

Overview

  • 2 Units
  • Kochs Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$951

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1911
  • State Equalized Value: 23800.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2170
  • Total Sq Ft: 2170
  • Sq Ft Total Bsmt: 912

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00 x 110.00
  • Parcel Number: W03I002097S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2790

Tax Info

  • Tax Amount Summer: 871.0000
  • Tax Amount Winter: 80.0000
  • Total Tax: 951.0000
  • Taxable Value: 8742.0000

Multi Family

  • Gross Scheduled Income: 33480.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Aug 28, 2023
Sold by
Rocalisa Llc
Bought by
Aikam Properties Limited Partnership
Seller's Agent
Matt O'Laughlin
Sold by Vie
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$389,900
Sold Price
$1,850,000
Premium/Discount to List
$1,460,100
374.48%
Views
183
Current Estimated Value
$264,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,585,180
Avg. Annual Appreciation
-63.10%
Original Mortgage
$172,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2023
Closed on
Aug 21, 2023
Sold by
585 Mt Vernon Llc and Gsm Northend Portfolio Llc
Bought by
Talamanca Llc
Seller's Agent
Matt O'Laughlin
Sold by Vie
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$389,900
Sold Price
$1,850,000
Premium/Discount to List
$1,460,100
374.48%
Views
183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2017
Sold by
Grossgold Jodi
Bought by
585 Mt Vernon Llc

Purchase Details

Closed on
Dec 23, 2016
Sold by
Jordon Leverne
Bought by
Grossgold Jodi

Purchase Details

Closed on
Sep 23, 2015
Sold by
Jordan Leverne
Bought by
Grossgold Jodi
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
Aikam Properties Limited Partnership $246,000 None Listed On Document
Rocalisa Llc -- Fidelity National Title
Talamanca Llc $1,850,000 Fidelity National Title
585 Mt Vernon Llc -- None Available
Grossgold Jodi -- First American Title
Grossgold Jodi $500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aikam Properties Limited Partn $222,456
Closed Aikam Properties Limited Partnership $172,000
Open Talamanca Llc $1,860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $1,850,000 +428.6% $853 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
04/03/2023 04/03/23 Price Changed $350,000 -10.2% $161 / Sq Ft
01/11/2023 01/11/23 For Sale $389,900 -- $180 / 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 $4,078 $80,700 $0 $0
2024 $4,078 $52,800 $0 $0
2023 $1,047 $37,900 $0 $0
2022 $1,104 $23,800 $0 $0
2021 $1,079 $16,700 $0 $0
2020 $1,079 $15,800 $0 $0
2019 $1,065 $12,000 $0 $0
2018 $956 $8,000 $0 $0
2017 $44 $11,200 $0 $0
2016 $545 $22,200 $0 $0
2015 $220 $2,200 $0 $0
2013 $235 $2,354 $0 $0
2010 -- $3,121 $482 $2,639
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Matt O'Laughlin

    Sold by Vie

    Section Image
  • Suzanne O'Brien

    Seller Co-Listing Agent in 2023

    Suzanne O'Brien

    Real Estate One

    (313) 516-6644

    1 in this area

    90 Total Sales

    Section Image
  • Leonard Pickett

    Buyer's Agent in 2023

    Leonard Pickett

    RCH Brokerage Legacy Inc

    (313) 510-7887

    18 in this area

    177 Total Sales

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230002592

Realcomp

APN: 03-002097

Michigan Wayne County Detroit 48202 North End

585 Mount Vernon St, Detroit, MI

This home is located at 585 Mount Vernon St, Detroit, MI 48202 since 11 January 2023 and is currently estimated at $264,820, approximately $122 per square foot. This property was built in 1911. 585 Mount Vernon St is a home located in Wayne County with nearby schools including Golightly Education Center, 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
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes