NOT LISTED FOR SALE

Estimated Value: $110,000 - $153,000

4 Beds
2 Baths
3,040 Sq Ft
$44/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $2,625 $1 Per Sq Ft

Est. 5,005% increase in value since last sale

Current estimated payment $752/month

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 1-minute walk to Art Park

About This Home

As of May 2024

Great development opportunity and includes 6164 16th St. W10I006211S. All offers must be supported by proof of funds for both the purchase price and construction cost. Site includes adj. vacant lot with fence. Inspectors estimate of minimum cost of repairs at $180,000. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Last Agent to Sell the Property

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 04/17/2024

Last Buyer's Agent

Gene Kelley

Real Estate One-Southfield License #6501293908

Real Estate One-Southfield

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60.00x112.00

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 3,040 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W10I006212S

Community Details

Overview

  • 2 Units
  • Bendelows Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Year Built: 1914
  • 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, Common
  • Sq Ft Combined: 3040
  • Total Sq Ft: 3040
  • Sq Ft Total Bsmt: 1520

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Road Frontage Type: Paved

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: 0.15
  • Lot Dimensions: 60.00X112.00
  • Parcel Number: W10I006212S
  • Zoning: Multi-Family

Multi Family

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

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
May 8, 2024
Sold by
Detroit Land Bank Authority
Bought by
Gage Karen
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
Gene Kelley
Real Estate One-Southfield
List Price
$2,625
Sold Price
$2,625
Total Days on Market
0
Views
59
Current Estimated Value
$133,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,371
Avg. Annual Appreciation
3846.63%

Purchase Details

Closed on
Jan 23, 2014
Sold by
Wayne County Treasurer
Bought by
Detroit Landbank Authority

Purchase Details

Closed on
Jun 9, 2006
Sold by
Lawrence Kim T
Bought by
Hollingsworth Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
6.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 22, 2005
Sold by
Garner Felicia
Bought by
Lawrence Kimberly T
Source: Public Records

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Range of Values:

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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
Gage Karen $2,625 None Listed On Document
Detroit Landbank Authority -- None Available
Hollingsworth Craig $105,000 Michigan Title Agency Inc
Lawrence Kimberly T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hollingsworth Craig $84,000
Previous Owner Hollingsworth Craig $21,000
Previous Owner Garner Felicia $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $2,625 0.0% $1 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $2,625 -- $1 / 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
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $1,028 $0 $0 $0
2019 $1,028 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $931 $0 $0 $0
2013 $931 $20,157 $0 $0
2010 -- $28,882 $840 $28,042
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240024689

Realcomp

APN: 10-006212