NOT LISTED FOR SALE

5901 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $81,000 - $113,000

2 Beds
1.5 Baths
932 Sq Ft
$105/Sq Ft Est. Value

Last Sold October 10, 2018

Last sale price $62,000 $67 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $600/month

43 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating and Cooling System
  • Cass Technical High School Rated 10
  • 2 Car Attached Garage
  • Fenced

About This Home

As of October 2018

Completely renovated property in Detroit!!! Corner lot with attached garage and privacy fence! great for investors and home buyers!!! She is move in ready! She will not last long!

Last Agent to Sell the Property

Ali Beydoun

Got Key'D Realty License #6501394866 Listed on: 07/18/2018

Last Buyer's Agent

Janis Chiapparo

II Elite Real Estate Services License #6504292012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1946

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50.00x103.44
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • 932 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Masonry

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Farmdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I078141S
  • $3,668 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$886

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 932

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Block/Concrete/Masonry, Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 457500.0000
  • Lot Size Area: 0.12
  • Lot Dimensions: 50.00X103.44
  • Parcel Number: W21I078141S

Tax Info

  • Tax Amount Summer: 816.0000
  • Tax Amount Winter: 70.0000
  • Total Tax: 886.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Oct 10, 2018
Sold by
Hearts Art For
Bought by
Love Dechone
Seller's Agent
Ali Beydoun
Got Key'D Realty
Buyer's Agent
Janis Chiapparo
II Elite Real Estate Services
List Price
$65,000
Sold Price
$62,000
Premium/Discount to List
-$3,000
-4.62%
Current Estimated Value
$98,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,078
Avg. Annual Appreciation
6.58%
Original Mortgage
$60,877
Outstanding Balance
$54,166
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$43,912

Purchase Details

Closed on
Aug 1, 2017
Sold by
The Detroit Land Bank Authority
Bought by
Art For Hearts

Purchase Details

Closed on
Jan 12, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Autority

Purchase Details

Closed on
Jan 11, 2013
Sold by
Penn State Energy Llc
Bought by
M R M D K Group Ltd Inc

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Penn State Energy Llc

Purchase Details

Closed on
Jan 16, 2008
Sold by
Aegis Mortgage Corp
Bought by
Kane Kenneth

Purchase Details

Closed on
Jan 25, 2007
Sold by
Smith Romona
Bought by
Aegis Mortgage Corp

Purchase Details

Closed on
Jun 23, 2005
Sold by
Redlawski Steve and Redlawski Cynthia
Bought by
Smith Ramona

Purchase Details

Closed on
Mar 23, 2005
Sold by
Abn Amro Mortgage Group Inc
Bought by
Aable Construction

Purchase Details

Closed on
Oct 1, 2003
Sold by
Carter Nathaniel
Bought by
Abn Amro Mortgage Group Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Love Dechone $62,000 Michigan Title Ins Agency In
Art For Hearts $2,640 None Available
Detroit Land Bank Autority -- None Available
M R M D K Group Ltd Inc -- None Available
Penn State Energy Llc $1,500 None Available
Kane Kenneth $4,500 None Available
Aegis Mortgage Corp $97,969 None Available
Smith Ramona $105,000 Colonial Title Company
Smith Ramona -- Colonial
Aable Construction $48,500 Attorneys Title Agency Llc
Abn Amro Mortgage Group Inc $106,710 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Love Dechone $60,877
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2018 10/10/18 Sold $62,000 +12.9% $67 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/13/2018 08/13/18 Price Changed $54,900 -6.9% $59 / Sq Ft
08/07/2018 08/07/18 Price Changed $59,000 -9.2% $63 / Sq Ft
07/18/2018 07/18/18 For Sale $65,000 -- $70 / 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 $1,028 $44,300 $0 $0
2024 $1,012 $20,900 $0 $0
2023 $982 $15,700 $0 $0
2022 $1,042 $14,200 $0 $0
2021 $1,016 $11,200 $0 $0
2020 $1,015 $10,100 $0 $0
2019 $1,001 $8,600 $0 $0
2018 $833 $7,700 $0 $0
2017 $140 $7,900 $0 $0
2016 $889 $1,200 $0 $0
2015 $120 $1,200 $0 $0
2013 $2,343 $23,432 $0 $0
2010 -- $34,353 $1,247 $33,106
Source: Public Records

Agents Affiliated with this Home

  • Ali Beydoun

    Seller's Agent in 2018

    Ali Beydoun

    Got Key'D Realty

    (313) 414-2477

    639 Total Sales

    Ali Beydoun
    Section Image

  • J

    Buyer's Agent in 2018

    Janis Chiapparo

    II Elite Real Estate Services

See All Agents

Map

Source: Realcomp

MLS Number: 218066956

Realcomp

APN: 21-078141

Michigan Wayne County Detroit 48224 Cornerstone Village

5901 Farmbrook St, Detroit, MI

Not Listed for Sale

Detached

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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