NOT LISTED FOR SALE

7620 Kipling St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $215,000 - $361,000

6 Beds
3 Baths
2,316 Sq Ft
$123/Sq Ft Est. Value

Last Sold May 02, 2017

Last sale price $75,000 $32 Per Sq Ft

Est. 281% increase in value since last sale

Current estimated payment $1,614/month

74 Days on Market

Highlights

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

About This Home

As of May 2017

INVESTORS THIS UNIT IS LOCATED NEAR TO HENRY FORD HOSPITAL IN THE NEW CENTER AREA. INCLUDED IN THIS SALE WILL BE ADJACENT LOT W08I005622S, WITH REHAB THIS UNIT WILL HAVE LONG TERM TENANTS WITHIN WALKING DISTANCE TO HOSPITAL AND FISHER THEATRE. LOCATED IN AN AREA WHERE PROPERTY IS HARD TO COME BY THIS MULTI FAMILY UNIT WILL NOT LAST. THE EXTERIOR OF THE UNIT IS VINTAGE AND IN GREAT SHAPE. THE INTERIOR NEEDS WORK BUT WHEN COMPLETED YOU WILL BE ABLE TO GET TOP DOLLAR IN RENTAL INCOME. SHOWINGS ARE BY APPOINTMENT ONLY. TENANT OCCUPIED. B.A.T.V.A.I. SCHEDULE ALL SHOWINGS ALL ONLINE. LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS.

Last Agent to Sell the Property

Lisa Blake

Shain Park, REALTORS® License #6501348146 Listed on: 11/27/2016

Last Buyer's Agent

Lynn Brown

Treasure Homes, Inc License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1914

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x120.00

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,316 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 3 Units
  • Irving Place Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I005623S
  • $326 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,092

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 3 Story
  • Assessment: 340
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3458
  • Sq Ft Lower Floor: 1142
  • Total Sq Ft: 2316
  • Sq Ft Total Bsmt: 1142

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Porch
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • MF Parking: Garages, On Street

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: 1062500.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X120.00
  • Parcel Number: W08I005623S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Yard Maintenance
  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 1006.0000
  • Tax Amount Winter: 86.0000
  • Total Tax: 1092.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/02/2017 05/02/17 Sold $75,000 +21.0% $32 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
11/27/2016 11/27/16 For Sale $62,000 -- $27 / 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 $1,176 $79,300 $0 $0
2024 $1,176 $70,600 $0 $0
2023 $1,141 $49,500 $0 $0
2022 $1,214 $29,300 $0 $0
2021 $1,182 $18,700 $0 $0
2020 $1,182 $15,000 $0 $0
2019 $1,164 $11,200 $0 $0
2018 $1,125 $10,200 $0 $0
2017 $165 $9,700 $0 $0
2016 $1,105 $25,700 $0 $0
2015 $910 $9,100 $0 $0
2013 $912 $12,570 $0 $0
2010 -- $18,010 $608 $17,402
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lisa Blake

    Shain Park, REALTORS®

    Section Image

  • L

    Buyer's Agent in 2017

    Lynn Brown

    Treasure Homes, Inc

    (313) 532-1360

    3 Total Sales

    Lynn Brown
    Section Image
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Map

Source: Realcomp

MLS Number: 216112550

Realcomp

APN: 08-005623

Michigan Wayne County Detroit 48206 Virginia Park Community

7620 Kipling St, Detroit, MI

This home is located at 7620 Kipling St, Detroit, MI 48206 since 27 November 2016 and is currently estimated at $285,978, approximately $123 per square foot. This property was built in 1914. 7620 Kipling 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.

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
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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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