NOT LISTED FOR SALE

Estimated Value: $180,000 - $335,897

12 Beds
4 Baths
3,416 Sq Ft
$84/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $298,000 $87 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,765/month

80 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Baseboard Heating

About This Home

As of May 2023

INCOME PRODUCING CERTIFIED 4 Plex!
Fully renovated with four sets of new mechanicals, appliances and plenty of parking. Section 8 tenant currently paying $1350. waiting list for other units! This property is Sec. 8 and LBP Certified with a Warranty Deed.

Last Agent to Sell the Property

Heather Dell

RE/MAX Leading Edge License #6501269116 Listed on: 02/19/2023

RE/MAX Leading Edge

Last Buyer's Agent

Heather Dell

RE/MAX Leading Edge License #6501269116 Listed on: 02/19/2023

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,397

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 119.00

Parking

  • 4 Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,416 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Ponchartrain Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I005626S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,397

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 3416
  • Total Sq Ft: 3416
  • Sq Ft Total Bsmt: 1708

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block, Brick/Mortar
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 119.00
  • Parcel Number: W16I005626S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 5400

Multi Family

  • Gross Scheduled Income: 64800.00
  • Number Of Units Total: 4
  • Number of Three Bedroom Units: 4
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2023
Closed on
May 24, 2023
Sold by
Daad Investments Llc
Bought by
Motley Vanessa
Seller's Agent
Heather Dell
RE/MAX Leading Edge
Buyer's Agent
Heather Dell
RE/MAX Leading Edge
List Price
$290,000
Sold Price
$298,000
Premium/Discount to List
$8,000
2.76%
Views
56
Current Estimated Value
$287,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,776
Avg. Annual Appreciation
-1.63%
Original Mortgage
$286,497
Outstanding Balance
$279,140
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$8,084

Purchase Details

Listed on
Sep 9, 2021
Closed on
Apr 5, 2022
Sold by
Detroit Land Bank Authority
Bought by
Daad Investments Llc
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
David Rabior
Clyde Realty LLC
List Price
$10,000
Sold Price
$12,000
Premium/Discount to List
$2,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1706.29%

Purchase Details

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

Purchase Details

Closed on
Jan 29, 2009
Sold by
U S Bank National Association
Bought by
Dabao Ella T

Purchase Details

Closed on
Nov 29, 2007
Sold by
Hunter Angelia
Bought by
Us Bank Na and Structured Asset Investment Loan Trust 2

Purchase Details

Closed on
Feb 13, 2006
Sold by
Caise Evelyn
Bought by
Hunter Angelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
9.47%
Mortgage Type
Unknown
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
Motley Vanessa $298,000 Fidelity National Title
Daad Investments Llc $12,000 None Listed On Document
Daad Investments Llc $12,000 None Listed On Document
Detroit Landbank Authority -- None Available
Dabao Ella T $8,137 Attorneys Title Agency Llc
Us Bank Na $116,945 None Available
Hunter Angelia $115,000 Great Lakes Title Of Mi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Motley Vanessa $286,497
Previous Owner Hunter Angelia $109,250
Previous Owner Hunter Angelia $5,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $298,000 +2.8% $87 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $290,000 0.0% $85 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
02/19/2023 02/19/23 For Sale $290,000 +2316.7% $85 / Sq Ft
04/14/2022 04/14/22 Sold $12,000 +20.0% $4 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $10,000 -- $3 / 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 $2,397 $34,100 $0 $0
2024 $2,397 $28,500 $0 $0
2023 $1,633 $18,100 $0 $0
2022 $170 $0 $0 $0
2021 $680 $0 $0 $0
2020 $984 $0 $0 $0
2019 $984 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $658 $0 $0 $0
2013 $658 $6,578 $0 $0
2010 -- $9,425 $874 $8,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230012218

Realcomp

APN: 16-005626