NOT LISTED FOR SALE

7266 Forrer St Detroit, MI 48228

Warren Avenue Community Neighborhood

Estimated Value: $88,000 - $115,691

4 Beds
2 Baths
1,368 Sq Ft
$74/Sq Ft Est. Value

Last Sold September 08, 2017

Last sale price $39,000 $29 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $669/month

66 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Garage

About This Home

As of September 2017

Investment opportunity! Long term tenants in this brick multi-family. Currently paying $925 per month.Property being sold"as is" with buyer to assume responsibility for any City requirements.

Last Agent to Sell the Property

Samuel Abdoo

Abdoo Realty License #6501379390 Listed on: 06/30/2017

Last Buyer's Agent

Ben Ness

Clyde Realty LLC License #RCO-6501394137

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x132

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,368 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • West Warren Ave Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I053619S

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1368
  • Total Sq Ft: 1368
  • Sq Ft Total Bsmt: 912

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • 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

  • List Price per Acre: 358333.3333
  • Lot Size Area: 0.12
  • Lot Dimensions: 40x132
  • Parcel Number: W22I053619S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 925

Tax Info

  • Tax Amount Summer: 921.0000
  • Tax Amount Winter: 101.0000
  • Total Tax: 1022.0000

Multi Family

  • Gross Scheduled Income: 11100.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2017
Closed on
Sep 8, 2017
Sold by
Pioneer Investments Llc
Bought by
Ave Fenix 14 Llc
Seller's Agent
Samuel Abdoo
Abdoo Realty
Buyer's Agent
Ben Ness
Clyde Realty LLC
List Price
$43,000
Sold Price
$39,000
Premium/Discount to List
-$4,000
-9.3%
Current Estimated Value
$100,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,673
Avg. Annual Appreciation
12.62%

Purchase Details

Closed on
Oct 28, 2005
Sold by
Cek Properties Inc
Bought by
68 Forror Llc
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
Ave Fenix 14 Llc -- None Available
68 Forror Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bet Ter Holdings Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2017 09/08/17 Sold $39,000 -9.3% $29 / Sq Ft
09/04/2017 09/04/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $43,000 +10.3% $31 / Sq Ft
08/08/2017 08/08/17 Off Market $39,000 -- --
07/12/2017 07/12/17 Price Changed $43,000 -4.2% $31 / Sq Ft
06/30/2017 06/30/17 For Sale $44,900 -- $33 / 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 $1,500 $50,200 $0 $0
2024 $1,500 $42,400 $0 $0
2023 $1,456 $34,000 $0 $0
2022 $1,555 $22,900 $0 $0
2021 $1,512 $17,300 $0 $0
2020 $1,511 $15,200 $0 $0
2019 $1,488 $14,100 $0 $0
2018 $1,387 $14,900 $0 $0
2017 $168 $14,800 $0 $0
2016 $1,023 $10,500 $0 $0
2015 $877 $10,500 $0 $0
2013 $1,479 $14,790 $0 $0
2010 -- $40,366 $1,011 $39,355
Source: Public Records

Agents Affiliated with this Home

  • Samuel Abdoo

    Seller's Agent in 2017

    Samuel Abdoo

    Abdoo Realty

    (313) 920-6318

    42 Total Sales

    Samuel Abdoo
    Section Image
  • Ben Ness

    Buyer's Agent in 2017

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    3 in this area

    399 Total Sales

    Ben Ness
    Section Image
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Map

Source: Realcomp

MLS Number: 217056628

Realcomp

APN: 22-053619

Michigan Wayne County Detroit 48228 Warren Avenue Community

7266 Forrer St, Detroit, MI

This home is located at 7266 Forrer St, Detroit, MI 48228 since 30 June 2017 and is currently estimated at $100,673, approximately $73 per square foot. This property was built in 1928. 7266 Forrer St is a home located in Wayne County with nearby schools including Gardner Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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

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