NOT LISTED FOR SALE

Estimated Value: $280,000 - $671,000

11 Beds
5 Baths
6,896 Sq Ft
$74/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $715,000 $104 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $3,129/month

102 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Balcony
  • 3-minute walk to Delores Bennett Park

About This Home

As of June 2019

Five Unit Portfolio in Detroit's North End Neighborhood. The portfolio consists of (2) 2 family flats and 1 single family home. The properties were completely renovated in 2017 and feature hardwood floors and modern kitchens and bathrooms. All 5 units are occupied with (2) finished loft units that can be used for potential value add that are not currently producing income, would be great for Air BNB units or additional space for the current units. Portfolio has a tax abatement until 2021.

Last Agent to Sell the Property

Vincent Mazzola

O'Connor Realty Detroit, LLC License #6501387170 Listed on: 11/19/2018

Co-Listed By

Ryan Cooley

O'Connor Realty Detroit, LLC License #6501329357

Last Buyer's Agent

Elizabeth Tintinalli

@properties Christie's Int'l R.E. Detroit License #6501292285

@properties Christie's Int'l R.E. Detroit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1911 | Remodeled in 2017

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60.00x85.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 5 Full Bathrooms
  • 6,896 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 5 Units
  • Wm. Y. Hamlin & S. J. Browns Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W03I001911S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$814

Year Built

Built in 1911 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 365
  • Year Built: 1911
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Private
  • Total Sq Ft: 6896

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Deck, Patio, Porch, Porch - Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 4993750.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 60.00X85.00
  • Parcel Number: W03I001911S
  • Soil Type: Unknown
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 5774

Tax Info

  • Tax Amount Summer: 765.0000
  • Tax Amount Winter: 49.0000
  • Total Tax: 814.0000

Multi Family

  • Gross Scheduled Income: 69288.00
  • Number Of Units Total: 5

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Jun 7, 2019
Sold by
601 E Bethune Llc
Bought by
601 East Bethune Street Llc
Seller's Agent
Vincent Mazzola
O'Connor Realty Detroit, LLC
Buyer's Agent
Elizabeth Tintinalli
@properties Christie's Int'l R.E. Detroit
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%
Current Estimated Value
$510,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$204,109
Avg. Annual Appreciation
-4.94%

Purchase Details

Closed on
Mar 11, 2016
Sold by
Hawkins Keith and Hawkins Lucille E
Bought by
601 E Bethune Llc

Purchase Details

Closed on
Feb 18, 2016
Sold by
The Detroit Land Bank Authority
Bought by
Hawkins Keith and Hawkins Lucille

Purchase Details

Closed on
Aug 17, 2015
Sold by
Hawkins Keith and Hawkins Lucille
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Apr 22, 2014
Sold by
Hawkins Keith S
Bought by
Hawkins Keith S and Hawkins Lucille E
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
601 East Bethune Street Llc -- None Available
601 E Bethune Llc $20,000 First American Title Ins Co
Hawkins Keith -- Attorney
Detroit Land Bank Authority -- Attorney
Hawkins Keith S -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2019 06/07/19 Sold $715,000 -10.5% $104 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
11/19/2018 11/19/18 For Sale $799,000 0.0% $116 / Sq Ft
11/07/2017 11/07/17 Rented $1,000 0.0% --
10/12/2017 10/12/17 Price Changed $1,000 -13.0% $1 / Sq Ft
10/01/2017 10/01/17 For Rent $1,150 -- --
Source: Realcomp

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 $5,654 $251,100 $0 $0
2024 $5,600 $213,500 $0 $0
2023 $5,447 $153,200 $0 $0
2022 $5,871 $93,200 $0 $0
2021 $5,684 $65,200 $0 $0
2020 $5,682 $61,500 $0 $0
2019 $800 $5,200 $0 $0
2018 $765 $5,200 $0 $0
2017 $99 $5,200 $0 $0
2016 $527 $46,400 $0 $0
2015 $100 $1,000 $0 $0
2013 $592 $5,916 $0 $0
2010 -- $7,846 $1,130 $6,716
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218112013

Realcomp

APN: 03-001911