NOT LISTED FOR SALE

5973 Farmbrook St Detroit, MI 48224

Cornerstone Village Neighborhood

Estimated Value: $90,000 - $121,000

3 Beds
1 Bath
1,206 Sq Ft
$88/Sq Ft Est. Value

Last Sold October 03, 2013

Last sale price $7,500 $6 Per Sq Ft

Est. 1,307% increase in value since last sale

Current estimated payment $681/month

5 Days on Market

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Patio
  • Cass Technical High School Rated 10
  • Porch
  • Bungalow

About This Home

As of October 2013

HUD Home. Sold AS-IS by electronic bid only. NOW only available to owner occupants for the first 5 days on the market up until 9-4-13, after that if not sold it will be open to all bidders including investors. 3 bedroom, 1 bath brick bungalow with a full unfinished basement and 1-Car detached garage with a fenced in yard. Repairs exceed $5000. CASH Only. Buyer must have current verification of CASH funds no more than 30 days old.

Last Agent to Sell the Property

Steve Katsaros

KW Metro License #6502401342 Listed on: 08/31/2013

KW Metro

Co-Listed By

Ricky Aaron

Urban Capital LLC License #6502421309

Last Buyer's Agent

Michael Penny

R Property Team License #RCO-6501365046

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40 x 103
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 1,206 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lodewyck No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I078133S

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: YES
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1206

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • 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: 72000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 40 X 103
  • Parcel Number: W21I078133S

Tax Info

  • Tax Amount Summer: 2304.0000
  • Tax Amount Winter: 680.0000
  • Total Tax: 2984.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2013
Closed on
Oct 1, 2013
Sold by
Secretary Of Housing & Urban Development
Bought by
Mccain Denise
Seller's Agent
Steve Katsaros
KW Metro
Buyer's Agent
Michael Penny
R Property Team
List Price
$7,200
Sold Price
$7,500
Premium/Discount to List
$300
4.17%
Current Estimated Value
$105,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,051
Avg. Annual Appreciation
24.16%

Purchase Details

Closed on
Nov 5, 2012
Sold by
Bank Of America Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Oct 25, 2012
Sold by
Zukerman Rakhim and Rudman Gulnara
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 15, 2010
Sold by
Amos Seville
Bought by
Zukerman Rakhim

Purchase Details

Closed on
Nov 25, 2008
Sold by
Federal National Mortgage Association
Bought by
Amos Seville

Purchase Details

Closed on
Feb 5, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 2, 2008
Sold by
Siladke Mark
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 8, 2006
Sold by
Stefani Darren J
Bought by
Siladke Mark
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
Mccain Denise $7,500 None Available
Secretary Of Housing & Urban Development -- None Available
Bank Of America Na $96,289 None Available
Zukerman Rakhim $85,000 Embassy Title Agency Inc
Amos Seville $14,500 Warranty Title Agency Llc
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $97,549 None Available
Siladke Mark $88,000 Title Source Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2013 10/03/13 Sold $7,500 +4.2% $6 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
08/31/2013 08/31/13 For Sale $7,200 -- $6 / 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 $1,532 $48,700 $0 $0
2024 $1,512 $42,200 $0 $0
2023 $1,468 $31,400 $0 $0
2022 $1,568 $26,300 $0 $0
2021 $1,933 $20,600 $0 $0
2020 $1,523 $18,500 $0 $0
2019 $1,499 $15,900 $0 $0
2018 $1,310 $13,900 $0 $0
2017 $266 $14,200 $0 $0
2016 $1,477 $16,300 $0 $0
2015 $1,630 $16,300 $0 $0
2013 $2,317 $23,165 $0 $0
2010 -- $33,963 $998 $32,965
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steve Katsaros

    KW Metro

    Section Image

  • R

    Seller Co-Listing Agent in 2013

    Ricky Aaron

    Urban Capital LLC

    (313) 739-8467

    8 Total Sales

    Ricky Aaron
    Section Image

  • M

    Buyer's Agent in 2013

    Michael Penny

    R Property Team

See All Agents

Map

Source: Realcomp

MLS Number: 213089681

Realcomp

APN: 21-078133

Michigan Wayne County Detroit 48224 Cornerstone Village

5973 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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