NOT LISTED FOR SALE

741 W Euclid St Detroit, MI 48202

Piety Hill Neighborhood
16 Beds
16 Baths
14,116 Sq Ft
6,098 Sq Ft Lot

Last Sold April 11, 2014

Last sale price $180,410 $13 Per Sq Ft

108 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 2-minute walk to McDuffy Park

About This Home

As of April 2014

North of Midtown, New Center Area. M1Rail provides service to area. It stands in the path of Future Development growth. Property enjoys Unique master lease structure. Contact Agent for details. Do NOT contact occupant(s) or Management directly. Building was "gut" rehab in 2005, features all plumbing, all new electrical, and new gas-fired furnaces per unit. Separate Gas and Water Meters for eventual condominium conversion.

Last Agent to Sell the Property

Ronald Rivers

Rivers Realty, Inc License #6502126875 Listed on: 11/07/2013

Co-Listed By

Lauren Rivers

Rivers House License #6501301129

Last Buyer's Agent

Julia Schafer

The Home Store Inc. License #RCO-6501369993

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 16 Full Bathrooms
  • 14,116 Sq Ft Home
  • Multi-Level Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 16 Units
  • Duffield & Dunbar Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W04I001940S

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 4-10 Story
  • Assessment: YES
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 16.00
  • Full Bathrooms: 16
  • Basement: Yes
  • Sq Ft Combined: 14116
  • Total Sq Ft: 14116

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Sideof Street: S

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1392857.0000
  • Lot Size Area: 0.14
  • Lot Dimensions: 50X125
  • Parcel Number: W04I001940S
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Monthly Rental Income: 10542

Tax Info

  • Tax Amount Summer: 8240.0000
  • Tax Amount Winter: 862.0000
  • Total Tax: 9102.0000

Multi Family

  • Gross Scheduled Income: 126500.00
  • Number Of Units Total: 16
  • Number of One Bedroom Units: 16
  • Number Of Units Leased: 16

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2019
Sold by
Euclid New Center Real Estate Llc
Bought by
Gerryan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$371,302
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2016
Sold by
Euclid New Center Real Estate Llc
Bought by
Gerryan Llc

Purchase Details

Listed on
Nov 7, 2013
Closed on
Apr 11, 2014
Sold by
Choice Living Inc
Bought by
Euclid New Center Real Estate Llc
Seller's Agent
Ronald Rivers
Rivers Realty, Inc
Buyer's Agent
Julia Schafer
The Home Store Inc.
List Price
$195,000
Sold Price
$180,410
Premium/Discount to List
-$14,590
-7.48%

Purchase Details

Closed on
Mar 17, 2010
Sold by
Fifth Third Bank
Bought by
Choice Living

Purchase Details

Closed on
Jan 4, 2010
Sold by
Mushtaq Sheikh Enterprises Inc
Bought by
Fifth Third Bank

Purchase Details

Closed on
Feb 20, 2006
Sold by
Lanier Billy and Hogue Yolanda
Bought by
Mushtaq Sheikh Enterprises Inc

Purchase Details

Closed on
Jan 28, 2005
Sold by
Selmas Home
Bought by
Hogue El Billy Lanier

Purchase Details

Closed on
May 3, 1999
Sold by
Enterpris Mushtaq Sheikh
Bought by
Selmas Home

Purchase Details

Closed on
Jul 26, 1996
Sold by
Enterpris Mushtaq Sheikh
Bought by
Alzada Invest Services Inc

Purchase Details

Closed on
May 10, 1994
Sold by
Warren Thomas
Bought by
Alzada Investment Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.48%
Mortgage Type
Commercial
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
Gerryan Llc $320,000 First American Title Ins Co
Gerryan Llc -- First American Title Ins Co
Euclid New Center Real Estate Llc $180,410 Title Connect Llc
Choice Living Inc -- Title Connect Llc
Choice Living $120,000 Multiple
Fifth Third Bank -- None Available
Mushtaq Sheikh Enterprises Inc -- Fidelity National Title
Hogue El Billy Lanier -- --
Selmas Home $50,000 --
Alzada Invest Services Inc $295,000 --
Alzada Investment Services Inc $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerryan Llc $135,000
Open Gerryan Llc $550,000
Previous Owner Mushtaq Sheikh Enterprises Inc $150,000
Previous Owner Alzada Investment Services Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2014 04/11/14 Sold $180,410 -7.5% $13 / Sq Ft
02/23/2014 02/23/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $195,000 -- $14 / 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 $12,368 $509,100 $0 $0
2024 $12,368 $492,200 $0 $0
2023 $11,283 $443,000 $0 $0
2022 $12,128 $393,100 $0 $0
2021 $11,755 $282,500 $0 $0
2020 $11,852 $250,500 $0 $0
2019 $11,549 $238,900 $0 $0
2018 $9,948 $133,500 $0 $0
2017 $2,184 $115,100 $0 $0
2016 $7,885 $150,000 $0 $0
2015 $11,550 $115,500 $0 $0
2013 $10,498 $104,983 $0 $0
2010 -- $113,063 $7,812 $105,251
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ronald Rivers

    Rivers Realty, Inc

  • L

    Seller Co-Listing Agent in 2014

    Lauren Rivers

    Rivers House

    (248) 943-2523

    1 in this area

    22 Total Sales

    Lauren Rivers
    Section Image

  • J

    Buyer's Agent in 2014

    Julia Schafer

    The Home Store Inc.

    (248) 414-5211

    15 Total Sales

    Julia Schafer
    Section Image
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Map

Source: Realcomp

MLS Number: 213119848

Realcomp

APN: 04-001940

Michigan Wayne County Detroit 48202 Piety Hill

741 W Euclid St, Detroit, MI

This home is located at 741 W Euclid St, Detroit, MI 48202 since 07 November 2013. This property was built in 1929. 741 W Euclid 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.

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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

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