NOT LISTED FOR SALE

7638 Ternes St Dearborn, MI 48126

Oakman Grove Neighborhood

Estimated Value: $216,000 - $290,000

4 Beds
2.5 Baths
1,600 Sq Ft
$157/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $114,500 $72 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,751/month

91 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Satellite Dish
  • Dearborn High School Rated 9+
  • Garage
  • Fenced

About This Home

As of June 2019

GREAT INVESTMENT PROPERTY!!!! LOCATED IN EAST DEARBORN NEAR SHOPPING CENTERS AND SCHOOL!! MULTI FAMILY BRICK HOME FEATURES 2 BEDROOMS UPSTAIRS AND 2 BEDROOMS DOWNSTAIRS!! CURRENTLY RENTED OUT FOR $700 A MONTH UPSTAIRS, DOWNSTAIRS IS VACANT. VERY LITTLE TURN OVER. C OF O READY

Last Agent to Sell the Property

Ali Beydoun

Got Key'D Realty License #6501394866 Listed on: 02/18/2019

Last Buyer's Agent

Teodora Djourova

Hometown Group Real Estate License #RCO-6501352045

Hometown Group Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x114.00
  • Fenced

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Outdoor Features

  • Deck

Utilities

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

Community Details

  • 2 Units
  • Oakman Warren Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32821006317011

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 1600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Satellite Dish
  • Foundation Materials: Brick/Mortar
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

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

Lot Info

  • List Price per Acre: 1387777.7778
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X114.00
  • Parcel Number: 32821006317011
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 9999999

Tax Info

  • Tax Amount Summer: 3404.0000
  • Tax Amount Winter: 401.0000
  • Total Tax: 3805.0000

Multi Family

  • Gross Scheduled Income: 99999999.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Jun 10, 2019
Sold by
Issa Wassim and Beydoun Ali
Bought by
Imam Bashar
Seller's Agent
Ali Beydoun
Got Key'D Realty
Buyer's Agent
Teodora Djourova
Hometown Group Real Estate
List Price
$139,900
Sold Price
$114,500
Premium/Discount to List
-$25,400
-18.16%
Current Estimated Value
$251,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,939
Avg. Annual Appreciation
12.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Imam Bashar $114,500 V1 Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2019 06/10/19 Sold $114,500 -8.3% $72 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/15/2019 04/15/19 Price Changed $124,900 -10.7% $78 / Sq Ft
02/18/2019 02/18/19 For Sale $139,900 -- $87 / 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 $5,205 $116,600 $0 $0
2024 $5,240 $106,800 $0 $0
2023 $4,660 $90,800 $0 $0
2022 $5,365 $84,400 $0 $0
2021 $5,497 $79,000 $0 $0
2019 $3,922 $63,700 $0 $0
2018 $3,404 $56,100 $0 $0
2017 $801 $51,700 $0 $0
2016 $2,917 $53,600 $0 $0
2015 $4,939 $54,250 $0 $0
2013 $4,785 $47,850 $0 $0
2011 -- $52,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ali Beydoun

    Seller's Agent in 2019

    Ali Beydoun

    Got Key'D Realty

    (313) 414-2477

    9 in this area

    641 Total Sales

    Ali Beydoun
    Section Image
  • Teodora Djourova

    Buyer's Agent in 2019

    Teodora Djourova

    Hometown Group Real Estate

    (313) 581-2500

    1 in this area

    204 Total Sales

    Teodora Djourova
    Section Image
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Map

Source: Realcomp

MLS Number: 219013859

Realcomp

APN: 32-10-063-17-011

Michigan Wayne County Dearborn 48126 Oakman Grove

7638 Ternes St, Dearborn, MI

Not Listed for Sale

MultiFamily

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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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