NOT LISTED FOR SALE

Estimated Value: $19,523 - $68,000

0.14 Acre
$284,579 Price per Acre
6,098 Sq Ft Lot

Last Sold June 19, 2023

Last sale price $16,900

Est. 136% increase in value since last sale

Current estimated payment $210/month

384 Days on Market

About This Lot

As of June 2023

Many years ago, the local hospital organization that owned Riverview Hospital had grand plans to expand the facility. They aggressively purchased all the vacant lots and homes between Jefferson and Vernor and Baldwin and Sheridan. Local lore makes this single for-sale lot all the more interesting: The owner of 672 Baldwin had a falling out with the entity buying up the neighboring property in the area and refused to sell. She was the only owner who refused. The operators of the hospital complex purchased the rest of the neighborhood. They developed part of the site into medical offices and turned the rest into a sea of parking. A few years later, they ended up selling the entire facility. This is why there is a lonely 50-floor-wide lot with an almost out-of-place street sign and sidewalks outlining the dimensions on three sides. One cool feature is that it backs up to the usable alley that connects to Seyburn and the West Village Historic District. Today, new owners operate the hospital complex, and the sole owner of this property who held out for so many years has passed on. The estate is offering the property for sale and hoping it finds a new owner to care for it.

Last Agent to Sell the Property

Bill Swanson

O'Connor Realty Detroit, LLC License #6501381221 Listed on: 05/17/2022

Last Buyer's Agent

Bill Swanson

O'Connor Realty Detroit, LLC License #6501381221 Listed on: 05/17/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00x125.00

Utilities

  • Sewer in Street

Community Details

  • Wessons Subdivision

Listing and Financial Details

  • Assessor Parcel Number W17I011055C62

Property Details

Property Type

Land

Est. Annual Taxes

$19

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 3100.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Sewer: Sewer at Street
  • Water Source: Water at Street

Condo/Co-op/Association

  • Phone: bswanson525@yahoo.com

Lot Info

  • List Price per Acre: 125000.0000
  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00X125.00
  • Parcel Number: W17I011055C62
  • Zoning: Residential
  • Improvements: Sidewalks

Tax Info

  • Tax Amount Summer: 17.0000
  • Tax Amount Winter: 2.0000
  • Total Tax: 19.0000
  • Taxable Value: 214.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 19, 2023
Sold by
Mary Coakley Revocable Living Trust
Bought by
Williams Crystal
Seller's Agent
Bill Swanson
O'Connor Realty Detroit, LLC
Buyer's Agent
Bill Swanson
O'Connor Realty Detroit, LLC
List Price
$65,000
Sold Price
$16,900
Premium/Discount to List
-$48,100
-74%
Views
44
Current Estimated Value
$39,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,941
Avg. Annual Appreciation
39.98%

Purchase Details

Closed on
Oct 10, 2004
Sold by
Coakley Mary
Bought by
Coakley Mary and Mary Coakley Revocable Living Trust
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
Williams Crystal $16,900 Liberty Title
Coakley Mary -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2023 06/19/23 Sold $16,900 -3.4% --
06/06/2023 06/06/23 Pending -- -- --
05/31/2023 05/31/23 Price Changed $17,500 -10.3% --
04/25/2023 04/25/23 Price Changed $19,500 -23.2% --
02/13/2023 02/13/23 Price Changed $25,400 -19.4% --
12/01/2022 12/01/22 Price Changed $31,500 -24.1% --
07/25/2022 07/25/22 Price Changed $41,500 -15.3% --
07/11/2022 07/11/22 Price Changed $49,000 -24.6% --
05/17/2022 05/17/22 For Sale $65,000 -- --
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 $18 $3,400 $0 $0
2024 $18 $3,100 $0 $0
2023 $18 $3,100 $0 $0
2022 $19 $3,100 $0 $0
2021 $19 $3,100 $0 $0
2020 $19 $3,100 $0 $0
2019 $18 $3,100 $0 $0
2018 $16 $1,100 $0 $0
2017 $4 $1,100 $0 $0
2016 $18 $200 $0 $0
2015 $20 $200 $0 $0
2013 $48 $476 $0 $0
2010 -- $554 $450 $104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220037521

Realcomp

APN: 17-01105-562