NOT LISTED FOR SALE

7297 Faust Ave Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $68,486 - $79,000

3 Beds
1 Bath
960 Sq Ft
$77/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $55,000 $57 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $506/month

55 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Covered Patio or Porch

About This Home

As of June 2022

Great investment opportunity! Needs minor rehab. Either keep the property as an income property or make it your own to move in!

Last Agent to Sell the Property

Ryan Heward

Golden Key Real Estate License #6502401117 Listed on: 03/18/2022

Co-Listed By

Dustin Shaeffer

Golden Key Real Estate License #6501410272

Last Buyer's Agent

Ryan Heward

Golden Key Real Estate License #6502401117 Listed on: 03/18/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1948

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x125.00

Parking

  • 1 Parking Garage Space

Home Design

  • 960 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Ground Level
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Warrendale No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I079372S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,052

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 240
  • Year Built: 1948
  • State Equalized Value: 11800.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 960
  • Total Sq Ft: 960
  • Sq Ft Total Bsmt: 760

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: 1 Assigned Space

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X125.00
  • Parcel Number: W22I079372S

Tax Info

  • Tax Amount Summer: 965.0000
  • Tax Amount Winter: 87.0000
  • Total Tax: 1052.0000
  • Taxable Value: 9310.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 20, 2022
Sold by
Didier Nolet Llc
Bought by
Saleh Yasir Ali-Muthan
Seller's Agent
Ryan Heward
Golden Key Real Estate
Buyer's Agent
Ryan Heward
Golden Key Real Estate
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%
Current Estimated Value
$74,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,122
Avg. Annual Appreciation
9.20%

Purchase Details

Closed on
Jun 15, 2017
Sold by
Big3 Property Llc
Bought by
Didier Nolet Llc

Purchase Details

Closed on
May 31, 2017
Sold by
Trivium Capital Group Llci
Bought by
Big 3 Property Llc

Purchase Details

Closed on
Nov 22, 2011
Sold by
Wayne County Treasurer
Bought by
Trivium Capital Group Llc

Purchase Details

Closed on
Dec 9, 2005
Sold by
Freeman Theresa
Bought by
Benjamin Terencia

Purchase Details

Closed on
Oct 26, 2005
Sold by
Freeman Theresa
Bought by
Michigan State Housing Development Autho

Purchase Details

Closed on
Jan 12, 1995
Sold by
Terry Ozak
Bought by
Theresa Freeman
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Saleh Yasir Ali-Muthan $55,000 None Listed On Document
Didier Nolet Llc $43,900 None Available
Big 3 Property Llc $27,000 None Available
Trivium Capital Group Llc $1,900 None Available
Benjamin Terencia $75,000 Fatic
Michigan State Housing Development Autho $28,147 None Available
Theresa Freeman $29,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $55,000 -8.3% $57 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $60,000 -- $63 / 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 $1,369 $27,900 $0 $0
2024 $1,369 $23,300 $0 $0
2023 $1,328 $18,200 $0 $0
2022 $1,081 $15,600 $0 $0
2021 $1,053 $11,800 $0 $0
2020 $1,052 $11,000 $0 $0
2019 $1,037 $9,500 $0 $0
2018 $918 $8,800 $0 $0
2017 $105 $9,000 $0 $0
2016 $729 $5,800 $0 $0
2015 $580 $5,800 $0 $0
2013 $870 $8,700 $0 $0
2010 -- $25,399 $733 $24,666
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ryan Heward

    Golden Key Real Estate

    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dustin Shaeffer

    Golden Key Real Estate

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2220015585

Realcomp

APN: 22-079372

Michigan Wayne County Detroit 48228 Franklin Park

7297 Faust Ave, Detroit, MI

This home is located at 7297 Faust Ave, Detroit, MI 48228 since 18 March 2022 and is currently estimated at $74,122, approximately $77 per square foot. This property was built in 1948. 7297 Faust Ave is a home located in Wayne County with nearby schools including Carver STEM Academy, 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes