$222,000
SOLD MAY 3, 2023

761 Philip St Detroit, MI 48215

Jefferson Chalmers Neighborhood
4 Beds
4 Baths
3,892 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$57 Per Sq Ft

22% Below List Price

85 Days on Market

About This Home

As of May 2023

4 UNIT INCOME PROPERTY HAS GREAT POTENTIAL. SEPARATE ENTRANCES, SEPARATE METERS, SEPARATE FORCED AIR FURNACES, HOT WATERTANKS ETC. IMPORTANT IMPROVEMENTS RECENTLY DONE INC. ALL NEW ROOF (TEAR OFF), OVER 50 VINYL WINDOWS, STEEL SECURITY & ENTRY DOORS, NEWER FURNACES, PEX PLUMBING, HOT WATER TANKS, CIRCUIT BREAKER ELECTRIC, 2 NEWER KITCHENS, CERAMIC BATHS ETC. located in the "Empowerment Zone" Buyers agent to verify all information in this listing.

Last Agent to Sell the Property

Nadeem Gebrael

Gebrael Management License #FAAR-122418 Listed on: 08/01/2022

Last Buyer's Agent

Nixcole McFarland

Community Choice Realty Inc License #6501312190

Community Choice Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x144.9

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 4 Units
  • Marshland Blvd Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21060773

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,161

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2161
  • Total Tax Year: 2021
  • Year Built: 1924
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Estimated Sq Ft: 3892

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 21060773
  • Lot Dimensions: 40X144.9
  • Acreage: 0.13
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,953.00
  • Winter Tax: Year: 2021, Amount: $208.00
  • Total Tax: Year: 2021, Amount: $2,161.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
May 3, 2023
Sold by
Haogen Holdings Llc
Bought by
Charles Nicole Karen
Seller's Agent
Nadeem Gebrael
Gebrael Management
Buyer's Agent
Nixcole McFarland
Community Choice Realty Inc
List Price
$284,900
Sold Price
$222,000
Premium/Discount to List
-$62,900
-22.08%
Views
10
Current Estimated Value
$273,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,279
Avg. Annual Appreciation
6.92%
Original Mortgage
$216,015
Outstanding Balance
$210,122
Interest Rate
6.28%
Mortgage Type
FHA
Estimated Equity
$50,368

Purchase Details

Closed on
Jul 17, 2017
Sold by
Omega Global Investments Llc
Bought by
Hoagen Holdings Llc

Purchase Details

Listed on
Jul 18, 2015
Closed on
Jul 24, 2015
Sold by
Hamilton Carlos L and Hamilton Alexandra
Bought by
Omega Global Investments Llc
Seller's Agent
John Wallen
Helping Hands Realty, LLC
Buyer's Agent
Kenneth Hunter
The Signature Group Realty, LLC
List Price
$44,500
Sold Price
$35,500
Premium/Discount to List
-$9,000
-20.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.65%

Purchase Details

Closed on
Dec 26, 2007
Sold by
Shore Bank
Bought by
Hamilton Carlos L

Purchase Details

Closed on
Nov 2, 2005
Sold by
Thornton Mark A
Bought by
Shorebank

Purchase Details

Closed on
Aug 19, 2002
Sold by
Chmielewski Michelle M
Bought by
Thornton Mark A
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 Type Sale Price Title Company
Warranty Deed $220,000 Dream Title & Escrow
Warranty Deed -- None Available
Warranty Deed $35,500 Embassy Title Agency Inc
Corporate Deed $12,000 Greco
Sheriffs Deed $95,385 None Available
Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,015 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $222,000 -14.6% $57 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $259,900 -8.8% $67 / Sq Ft
08/01/2022 08/01/22 For Sale $284,900 +702.5% $73 / Sq Ft
07/24/2015 07/24/15 Sold $35,500 0.0% $9 / Sq Ft
07/24/2015 07/24/15 Sold $35,500 -20.2% $9 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
07/18/2015 07/18/15 For Sale $44,500 -10.1% $11 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
01/01/2015 01/01/15 For Sale $49,500 -- $13 / Sq Ft
Source: Michigan Multiple Listing Service

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 $6,420 $119,100 $0 $0
2024 $6,420 $81,900 $0 $0
2023 $2,078 $61,700 $0 $0
2022 $2,227 $43,900 $0 $0
2021 $2,161 $34,700 $0 $0
2020 $2,161 $29,200 $0 $0
2019 $1,602 $21,300 $0 $0
2018 $610 $23,400 $0 $0
2017 $65 $24,000 $0 $0
2016 $642 $3,100 $0 $0
2015 $310 $3,100 $0 $0
2013 $321 $3,213 $0 $0
2010 -- $6,177 $637 $5,540
Source: Public Records

Agents Affiliated with this Home

  • Nadeem Gebrael

    Seller's Agent in 2023

    Nadeem Gebrael

    Gebrael Management

    (810) 423-3718

    1 in this area

    176 Total Sales

    Nadeem Gebrael
    Section Image

  • N

    Buyer's Agent in 2023

    Nixcole McFarland

    Community Choice Realty Inc

    (586) 339-4996

    1 in this area

    22 Total Sales

    Nixcole McFarland
    Section Image

  • J

    Seller's Agent in 2015

    John Wallen

    Helping Hands Realty, LLC

    Section Image

  • K

    Buyer's Agent in 2015

    Kenneth Hunter

    The Signature Group Realty, LLC

    (313) 574-9685

    17 Total Sales

    Kenneth Hunter
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50086556

Michigan Multiple Listing Service

APN: 21-060773

Michigan Wayne County Detroit 48215 Jefferson Chalmers

761 Philip St, Detroit, MI

This home is located at 761 Philip St, Detroit, MI 48215 and is currently priced at $222,000, approximately $57 per square foot. This property was built in 1924. 761 Philip St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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