NOT LISTED FOR SALE

Estimated Value: $183,000 - $278,000

8 Beds
4 Baths
3,996 Sq Ft
$54/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $195,000 $49 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,486/month

13 Days on Market

About This Home

As of September 2021

GREAT INVESTMENT OPPORTUNITY**GREAT LOCATION** 4 UNIT BUILDING LOCATED IN THE HEART OF DETROIT**ALL 4 UNITS FEATURE 2 BEDROOMS WITH BATHROOM AND BASEMENT** EACH UNIT DOES HAVE A SEPARATE PORCH ENTRANCES**EACH UNIT HAS A SEPARATE FURNACE**TENANTS EACH PAY UTILITIES AND OWNER PAYS WATER**THIS IS A GORGEOUS BUILDING THAT HAS BEEN VERY WELL MAINTAINED** PLEASE DO NOT APPROACH THE TENANTS-- ALL QUESTIONS DIRECTED TO REALTORS**ALL DATA AND MEASUREMENTS ARE APPROX**BUYERS AGENT TO VERIFY ALL INFORMATION** MANDATORY**PRE-APPROVED PURCHASER'S ONLY**PLEASE GIVE 24 HOUR NOTICE TO ARRANGE FOR VIEWING**

Last Agent to Sell the Property

Maria Lacaria-Rauti

Century 21 Curran & Oberski License #6501288699 Listed on: 08/06/2021

Century 21 Curran & Oberski

Last Buyer's Agent

Michael Cash

National Realty Centers, Inc License #RCO-6501396901

National Realty Centers, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 60.00x54.00
  • Property fronts a private road

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,996 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W18I007788S

Community Details

Overview

  • 4 Units
  • Kaiers Sub Of Lots 16 Thru 29 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$725

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 33300.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3996
  • Total Sq Ft: 3996
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved, Private, Pub. Sidewalk

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 60.00X54.00
  • Parcel Number: W18I007788S
  • Zoning: Residential

Rental Info

  • Rent Includes: Snow Removal
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 673.0000
  • Tax Amount Winter: 52.0000
  • Total Tax: 725.0000
  • Taxable Value: 5481.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Sep 1, 2021
Sold by
Cuevas Donnas S and Cuevas Ramon A
Bought by
Hines Kurt
Seller's Agent
Maria Lacaria-Rauti
Century 21 Curran & Oberski
Buyer's Agent
Michael Cash
National Realty Centers, Inc
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Current Estimated Value
$216,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,819
Avg. Annual Appreciation
5.38%

Purchase Details

Closed on
May 5, 2021
Sold by
Lacaria Salvatore and Estate Of Rosa Lacaria
Bought by
Cuevas Donnas S and Cuevas Ramon A

Purchase Details

Closed on
Apr 6, 2004
Sold by
Lacaria Frank and Lacaria Rose
Bought by
Cuevas Ramon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Hines Kurt $195,000 Title One Inc
Cuevas Donnas S $132,500 Title One Inc
Cuevas Ramon A $132,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuevas Ramon A $82,500
Closed Hines Kurt $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $195,000 -2.5% $49 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $199,900 -- $50 / 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 $3,663 $99,900 $0 $0
2024 $3,663 $84,600 $0 $0
2023 $3,562 $66,500 $0 $0
2022 $3,833 $41,100 $0 $0
2021 $725 $31,600 $0 $0
2020 $725 $33,300 $0 $0
2019 $716 $25,700 $0 $0
2018 $744 $23,000 $0 $0
2017 $98 $21,000 $0 $0
2016 $794 $5,400 $0 $0
2015 $540 $5,400 $0 $0
2013 $601 $6,011 $0 $0
2010 -- $8,612 $509 $8,103
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210064337

Realcomp

APN: 18-007788