NOT LISTED FOR SALE

Estimated Value: $1,917,968

17 Beds
24 Baths
28,000 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: October 20, 2020

Last sale price $1,380,000 $49 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,623 / mo

43 Days on Market

Highlights

  • 0.48 Acre Lot
  • Baseboard Heating
  • 1-minute walk to Freda-Blesser Playlot

About This Home

As of October 2020

Step into the inviting ambiance of Huron River Dearborn Apartments, where each unit has been meticulously updated to create a welcoming living space. Enjoy the modern charm of a spacious kitchen equipped with sleek stainless-steel appliances and beautiful subway tiling a perfect fusion of style and functionality.

Centrally located in Dearborn on Freda Rd, our apartments offer a prime spot with easy access to all your necessities. Immerse yourself in the convenience of a well-connected neighborhood combined with the comfort of a newly updated home.

Don't miss the opportunity to make Huron River Dearborn Apartments your home. Schedule a viewing today and discover the inviting atmosphere and modern convenience that await you!

1 Pet per unit accepted with a $300 non-refundable pet deposit at an additional charge of $40/month.

Last Agent to Sell the Property

Hassan Scheib

Own It Realty License #6502399271 Listed on: 07/28/2020

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929 | Remodeled in 2020

Lot Details

  • 20,909 Sq Ft Lot
  • Lot Dimensions are 170.00x124.00
  • Property fronts a private road

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 24 Full Bathrooms
  • 28,000 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement

Parking

  • On-Street Parking
  • Unassigned Parking

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 24 Units
  • Detroit Seamless Steel Warren Wyoming Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32821008207008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,086

Year Built

Built in 1929 | Remodeled in 2020

Lot Details

0.48 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1929
  • State Equalized Value: 321400.0000
  • Year Renovated: 2020
  • Pets Allowed: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 24.00
  • Full Bathrooms: 24
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 28000

Exterior Features

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

Garage/Parking

  • MF Parking: On Street, Unassigned/General

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Heating: Baseboard
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 3229166.6667
  • Lot Size Area: 0.48
  • Lot Dimensions: 170.00X124.00
  • Parcel Number: 32821008207008
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Garbage Pickup, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 16100

Tax Info

  • Tax Amount Summer: 16070.0000
  • Tax Amount Winter: 2016.0000
  • Total Tax: 18086.0000
  • Taxable Value: 240952.0000

Multi Family

  • Gross Scheduled Income: 193200.00
  • Number Of Units Total: 24
  • Number of Efficiency Units: 7

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 20, 2020
Sold by
Freda Management Llc
Bought by
Huron River Dearborn Llc
Seller's Agent
Hassan Scheib
Own It Realty
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$1,550,000
Sold Price
$1,380,000
Premium/Discount to List
-$170,000
-10.97%
Current Estimated Value
$1,917,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,968
Avg. Annual Appreciation
6.17%
Original Mortgage
$1,035,000
Outstanding Balance
$918,899
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$999,069

Purchase Details

Closed on
May 29, 2020
Sold by
Freda Apartments Llc
Bought by
Freda Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2009
Sold by
Hb Management Inc
Bought by
Freda Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2002
Sold by
Derderian Audrey
Bought by
Hb Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huron River Dearborn Llc $1,380,000 Fidelity National Title
Freda Management Llc $700,000 None Available
Freda Apartments Llc $300,000 None Available
Hb Inc $300,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huron River Dearborn Llc $1,035,000
Previous Owner Freda Management Llc $1,000,000
Previous Owner Freda Apartments Llc $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2026 05/04/26 Off Market $895 -- --
04/16/2026 04/16/26 Price Changed $895 -5.3% $1 / Sq Ft
03/19/2026 03/19/26 Price Changed $945 +18.9% $1 / Sq Ft
02/25/2026 02/25/26 Price Changed $795 -5.9% $1 / Sq Ft
01/12/2026 01/12/26 Price Changed $845 -5.6% $1 / Sq Ft
01/02/2026 01/02/26 Price Changed $895 +20.1% $1 / Sq Ft
12/05/2025 12/05/25 Price Changed $745 -6.3% $1 / Sq Ft
10/16/2025 10/16/25 Price Changed $795 -10.9% $1 / Sq Ft
10/11/2025 10/11/25 Price Changed $892 0.0% $1 / Sq Ft
10/11/2025 10/11/25 For Rent $892 -0.3% --
11/04/2024 11/04/24 Off Market $895 -- --
10/23/2024 10/23/24 Price Changed $895 +5.9% $1 / Sq Ft
08/31/2024 08/31/24 Price Changed $845 -5.6% $1 / Sq Ft
06/06/2024 06/06/24 Price Changed $895 +5.9% $1 / Sq Ft
05/28/2024 05/28/24 Price Changed $845 +6.3% $1 / Sq Ft
04/18/2024 04/18/24 Price Changed $795 -5.9% $1 / Sq Ft
04/15/2024 04/15/24 For Rent $845 0.0% --
10/20/2020 10/20/20 Sold $1,380,000 -11.0% $49 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $1,550,000 -- $55 / Sq Ft
Source: Realcomp

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 $28,624 $634,700 $0 $0
2024 $28,815 $533,600 $0 $0
2023 $25,626 $507,600 $0 $0
2022 $29,502 $502,600 $0 $0
2021 $30,229 $410,400 $0 $0
2019 $2,016 $321,400 $0 $0
2018 $15,693 $255,000 $0 $0
2017 $3,695 $255,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200059501

Realcomp

APN: 32-100-82-0700-800

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