NOT LISTED FOR SALE

72 W Philadelphia St Detroit, MI 48202

Piety Hill Neighborhood

Estimated Value: $132,000 - $296,000

24 Beds
8 Baths
2,562 Sq Ft
$91/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $890,000 $347 Per Sq Ft

Current estimated payment $1,609/month

38 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 5-minute walk to Pat Lane Park

About This Home

As of October 2021

Outstanding package of multifamily assets in up and coming North End! Sale includes 72 Philadelphia (fully occupied duplex remodeled 2019) 82 Philadelphia (fully occupied duplex remodeled 2018) 92 W Philadelphia (vacant rehab ready duplex) 98 W Philadelphia (45 x 122 fenced parking lot) and 112 W Philadelphia (vacant, rent ready duplex, remodeled 2016. Value add opportunity with lots of room to grow the rent roll. Over 10,000 square feet of leasable space! Strategically located near New Center, WSU campus, Downtown Detroit.

Last Agent to Sell the Property

Ben Ness

Clyde Realty LLC License #6501394137 Listed on: 09/10/2021

Co-Listed By

Alex Lauer

Clyde Realty LLC License #6501387117

Last Buyer's Agent

Carlo Gobba

EXP Realty LLC License #RCO-6501278999

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1915

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33.00x122.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 2,562 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W02I001280S

Community Details

Overview

  • 8 Units
  • Smiths Sub N 1/2 Lot 2 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,693

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1915
  • State Equalized Value: 35000.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2562
  • Total Sq Ft: 2562
  • Sq Ft Total Bsmt: 350

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 33.00X122.00
  • Parcel Number: W02I001280S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 4640

Tax Info

  • Tax Amount Summer: 2441.0000
  • Tax Amount Winter: 252.0000
  • Total Tax: 2693.0000
  • Taxable Value: 26595.0000

Multi Family

  • Gross Scheduled Income: 55680.00
  • Number Of Units Total: 8
  • Unit Count: 8
  • Number of Three Bedroom Units: 8
  • Number Of Units Leased: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2018
Sold by
Jefferspn Melvin D
Bought by
Recraft Llc
Current Estimated Value
$234,333
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
Recraft Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Recraft Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $890,000 -9.2% $347 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $980,000 -- $383 / 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 $4,020 $103,600 $0 $0
2024 $4,020 $82,600 $0 $0
2023 $4,155 $66,300 $0 $0
2022 $4,466 $47,200 $0 $0
2021 $2,694 $39,800 $0 $0
2020 $2,693 $35,000 $0 $0
2019 $2,650 $26,100 $0 $0
2018 $1,039 $24,600 $0 $0
2017 $169 $25,000 $0 $0
2016 $1,124 $33,400 $0 $0
2015 $879 $10,700 $0 $0
2013 $852 $12,693 $0 $0
2010 -- $16,832 $553 $16,279
Source: Public Records

Agents Affiliated with this Home

  • Ben Ness

    Seller's Agent in 2021

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    2 in this area

    400 Total Sales

    Ben Ness
    Section Image
  • Alex Lauer

    Seller Co-Listing Agent in 2021

    Alex Lauer

    Clyde Realty LLC

    (313) 230-0510

    2 in this area

    379 Total Sales

    Alex Lauer
    Section Image
  • Carlo Gobba

    Buyer's Agent in 2021

    Carlo Gobba

    EXP Realty LLC

    (248) 781-2156

    1 in this area

    126 Total Sales

    Carlo Gobba
    Section Image

  • S

    Buyer's Agent in 2021

    Susan Sniegocki

    KW Platinum Port Huron

See All Agents

Map

Source: Realcomp

MLS Number: 2210076126

Realcomp

APN: 02-001280

Michigan Wayne County Detroit 48202 Piety Hill

72 W Philadelphia St, Detroit, MI

This home is located at 72 W Philadelphia St, Detroit, MI 48202 since 10 September 2021 and is currently estimated at $234,333, approximately $91 per square foot. This property was built in 1915. 72 W Philadelphia St is a home located in Wayne County with nearby schools including Thirkell Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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