NOT LISTED FOR SALE

Estimated Value: $221,000 - $257,000

2 Beds
2 Baths
1,224 Sq Ft
$193/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $155,000 $127 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,544/month

75 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 4-minute walk to Hemlock Park

About This Home

As of October 2021

Here’s your chance to create positive cash flow!! This is a great opportunity to own a multi-family home in the heart of east Dearborn. Both units are currently rented out with long term tenants. Both units have 2 bedrooms and 1 bathroom. Become a home owner, move in, and lease out the second unit. Short distance to shopping, schools and parks. Bring your best offers. C of O ready

Last Agent to Sell the Property

Khalil Hojeij

Empire Realty Group License #6501399526 Listed on: 06/01/2021

Co-Listed By

Ahmad Hojeije

Empire Realty Group License #6501302544

Last Buyer's Agent

Ahmad Hojeije

Empire Realty Group License #6501302544

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34.00x119.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,224 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 32821008311020

Community Details

Overview

  • 2 Units
  • Robert Oakmans Oakman Blvd & Miller Ave Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,146

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 57200.0000
  • Pets Allowed: Yes
  • 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: 1224
  • Total Sq Ft: 1224
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Dearborn

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 34.00X119.00
  • Parcel Number: 32821008311020
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes

Tax Info

  • Tax Amount Summer: 2789.0000
  • Tax Amount Winter: 357.0000
  • Total Tax: 3146.0000
  • Taxable Value: 42665.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Oct 5, 2021
Sold by
Hojeij Zahra
Bought by
Wassim Abbott
Seller's Agent
Khalil Hojeij
Empire Realty Group
Buyer's Agent
Ahmad Hojeije
Empire Realty Group
List Price
$199,000
Sold Price
$155,000
Premium/Discount to List
-$44,000
-22.11%
Current Estimated Value
$235,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,717
Avg. Annual Appreciation
11.32%
Original Mortgage
$108,500
Outstanding Balance
$83,932
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$151,785

Purchase Details

Closed on
Jan 4, 2013
Sold by
Salem One Inc
Bought by
Hojeij Zahra

Purchase Details

Closed on
Dec 19, 2012
Sold by
Bank Of New York
Bought by
Salem One Inc

Purchase Details

Closed on
Jan 12, 2012
Sold by
Altaie Bashar
Bought by
Bank Of New York

Purchase Details

Closed on
Mar 10, 2005
Sold by
Hadi Laith
Bought by
Altaie Bashar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.89%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2004
Sold by
Dasilva Jennifer L
Bought by
Hadi Laith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,750
Interest Rate
7.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 6, 2002
Sold by
Equicredit Corp Of America
Bought by
Pledged Property Ii Llc

Purchase Details

Closed on
Mar 14, 2002
Sold by
Baydoun Rihab
Bought by
Equicredit Corp Of America
Source: Public Records

Range of Values:

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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
Wassim Abbott $155,000 None Available
Hojeij Zahra $25,000 None Available
Salem One Inc $23,460 None Available
Bank Of New York $131,479 None Available
Altaie Bashar -- --
Hadi Laith $146,400 Title One Inc
Pledged Property Ii Llc $93,453 Nova Title Agency
Equicredit Corp Of America $107,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wassim Abbott $108,500
Previous Owner Altaie Bashar $140,000
Previous Owner Hadi Laith $131,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $155,000 -3.1% $127 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $159,900 -8.6% $131 / Sq Ft
07/05/2021 07/05/21 Price Changed $174,999 -7.4% $143 / Sq Ft
06/11/2021 06/11/21 Price Changed $189,000 -5.0% $154 / Sq Ft
06/01/2021 06/01/21 For Sale $199,000 -- $163 / 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 $3,149 $94,600 $0 $0
2024 $3,149 $89,200 $0 $0
2023 $2,897 $59,300 $0 $0
2022 $3,522 $60,400 $0 $0
2021 $3,186 $54,900 $0 $0
2019 $3,390 $49,200 $0 $0
2018 $2,730 $45,300 $0 $0
2017 $642 $40,400 $0 $0
2016 $2,580 $40,700 $0 $0
2015 $3,957 $42,850 $0 $0
2013 $3,780 $37,800 $0 $0
2011 -- $41,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210040697

Realcomp

APN: 32-10-083-11-020