$35,500
SOLD JUL 24, 2015

761 Philip St Detroit, MI 48215

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

Recently Sold

$9 Per Sq Ft

28% Below List Price

85 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Private Entrance
  • Cass Technical High School Rated 10
  • Garage
  • Fenced

About This Home

As of May 2023

4 UNIT INCOME PROPERTY HAS GREAT POTENTIAL. SEPARATE ENTRANCES, SEPARATE METERS, SEPARATE FORCED AIR FURNACES, HOT WATER TANKS 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" *FULL TIME CARETAKER LIVES AT HOUSE = EZ SHOWINGS* ALSO AVAILABLE ON A LEASE WITH OPTION TO PURCHASE $15,000 TO START AND MONTHLY PAYMENTS OF $1437 FOR 24 MOS.* 4 FIREPLACES, BASEMENT PLUMBED FOR SEPARATE LAUNDRIES, ALL BRICK EXTERIOR, REGULAR PORCH STEPS + HANDICAP RAMP

Last Agent to Sell the Property

John Wallen

Helping Hands Realty, LLC License #6501288962 Listed on: 01/01/2015

Last Buyer's Agent

Kenneth Hunter

The Signature Group Realty, LLC License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Remodeled in 2008

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00x144.49
  • Private Entrance
  • Fenced

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,892 Sq Ft Home
  • 2-Story Property
  • Basement

Parking

  • Garage
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Community Details

  • 4 Units
  • Marshland Blvd Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I060773S

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1924
  • Year Renovated: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Sq Ft Combined: 3892
  • Total Sq Ft: 3892
  • Sq Ft Total Bsmt: 973

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: On Street, Unassigned/General

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: 341538.4615
  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00X144.49
  • Parcel Number: W21I060773S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 579.0000
  • Tax Amount Winter: 423.0000
  • Total Tax: 1002.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

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: 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 $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: Realcomp

MLS Number: 215022605

Realcomp

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 $35,500, approximately $9 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.

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

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