NOT LISTED FOR SALE

7645 Kipling St Detroit, MI 48206

Virginia Park Community Neighborhood

Estimated Value: $267,000 - $352,861

6 Beds
2 Baths
2,280 Sq Ft
$133/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $285,725 $125 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,054/month

50 Days on Market

Highlights

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

About This Home

As of March 2023

Ferretti Group presents 7645 Kipling. 1920's classic brick duplex completely renovated and tenant ready. This property features over 2500 sq. feet. Both units are exactly the same 3 bedrooms/1 bathrooms with laundry hook up in unit. NEW kitchens, NEW baths, NEW windows in Entire Property and Updated electrical and plumbing. Perfect rental because it's directly across the street from Henry Ford Hospital. Option to HOUSE HACK and live in one unit while renting out the other. House features a corner lot with a full size garage + a full, dry basement.

Units can rent $1500+ making a total gross income of $3,000/month

Last Agent to Sell the Property

Richard Ferrette

1st Michigan Real Estate License #6504118091 Listed on: 12/08/2022

Last Buyer's Agent

Kyle Poe

EXP Realty License #RCO-6501401999

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913 | Remodeled in 2020

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34.00 x 120.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,280 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W08I005626S

Community Details

Overview

  • 2 Units
  • Irving Place Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,645

Year Built

Built in 1913 | Remodeled in 2020

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1913
  • State Equalized Value: 29600.0000
  • Year Renovated: 2020
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Total Sq Ft: 2280

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Gravel

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 34.00 x 120.00
  • Parcel Number: W08I005626S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 1493.0000
  • Tax Amount Winter: 152.0000
  • Total Tax: 1645.0000
  • Taxable Value: 16612.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Mar 10, 2023
Sold by
Equity Management Group Llc
Bought by
Kempster Ying Marilyn and Huynh Daniel Lap
Seller's Agent
Richard Ferrette
1st Michigan Real Estate
Buyer's Agent
Kyle Poe
EXP Realty
List Price
$299,900
Sold Price
$285,725
Premium/Discount to List
-$14,175
-4.73%
Views
57
Current Estimated Value
$304,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,490
Avg. Annual Appreciation
2.10%
Original Mortgage
$214,294
Outstanding Balance
$206,035
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$98,180

Purchase Details

Closed on
Apr 29, 2022
Sold by
Steve Moves Detroit Llc
Bought by
Equity Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2021
Sold by
Wayne County Bank
Bought by
Lhome Mortgage Trust

Purchase Details

Listed on
Jul 20, 2019
Closed on
Feb 25, 2020
Sold by
Abro Perah
Bought by
Steve Moves Detroit Llc
Seller's Agent
Darnell Wilson
Woodward Square Realty, LLC
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$140,000
Sold Price
$94,000
Premium/Discount to List
-$46,000
-32.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.39%

Purchase Details

Listed on
Jul 20, 2019
Closed on
Feb 10, 2020
Sold by
Metlo Hamida Qais
Bought by
Abro Parah
Seller's Agent
Darnell Wilson
Woodward Square Realty, LLC
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$140,000
Sold Price
$94,000
Premium/Discount to List
-$46,000
-32.86%

Purchase Details

Closed on
Dec 18, 2019
Sold by
Qais Sobh
Bought by
Metlo Hamida Qais

Purchase Details

Closed on
May 7, 2015
Sold by
The Detroit Land Bank Authority
Bought by
Metlo Hamida Qais

Purchase Details

Closed on
Jul 14, 2011
Sold by
Williams Duane E
Bought by
Deutsche Bank National Trust Company
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
Kempster Ying Marilyn $285,725 --
Equity Management Group Llc -- None Listed On Document
Lhome Mortgage Trust $169,309 None Listed On Document
Lhome Mortgage Trust $169,309 None Listed On Document
Steve Moves Detroit Llc -- First American Title
Abro Parah -- None Available
Metlo Hamida Qais -- None Available
Metlo Hamida Qais $11,200 None Available
Deutsche Bank National Trust Company $80,242 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kempster Ying Marilyn $214,294
Previous Owner Equity Management Group Llc $201,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2023 03/10/23 Sold $285,725 +0.3% $125 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $284,900 -3.4% $125 / Sq Ft
01/09/2023 01/09/23 Price Changed $294,900 -1.7% $129 / Sq Ft
12/08/2022 12/08/22 For Sale $299,900 +219.0% $132 / Sq Ft
02/25/2020 02/25/20 Sold $94,000 -24.8% $41 / Sq Ft View Prior Sale
12/18/2019 12/18/19 Pending -- -- --
10/09/2019 10/09/19 Price Changed $125,000 -7.4% $55 / Sq Ft
08/25/2019 08/25/19 Price Changed $135,000 -3.6% $59 / Sq Ft
07/20/2019 07/20/19 For Sale $140,000 +4566.7% $61 / Sq Ft
03/07/2012 03/07/12 Sold $3,000 -37.5% $1 / Sq Ft View Prior Sale
02/02/2012 02/02/12 Pending -- -- --
11/19/2011 11/19/11 For Sale $4,800 -- $2 / Sq Ft
Source: Realcomp

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 $5,660 $79,900 $0 $0
2024 $5,606 $71,100 $0 $0
2023 $4,082 $49,900 $0 $0
2022 $1,892 $29,600 $0 $0
2021 $1,644 $19,000 $0 $0
2020 $953 $15,300 $0 $0
2019 $1,040 $11,500 $0 $0
2018 $935 $10,200 $0 $0
2017 $143 $9,700 $0 $0
2016 $1,007 $24,300 $0 $0
2015 $69 $700 $0 $0
2013 $852 $11,659 $0 $0
2010 -- $16,705 $689 $16,016
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Richard Ferrette

    1st Michigan Real Estate

    Section Image
  • Kyle Poe

    Buyer's Agent in 2023

    Kyle Poe

    EXP Realty

    (734) 838-7320

    1 in this area

    141 Total Sales

    Kyle Poe
    Section Image

  • D

    Seller's Agent in 2020

    Darnell Wilson

    Woodward Square Realty, LLC

    Section Image

  • N

    Buyer's Agent in 2020

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2020

    Unidentified Agent

    Unidentified Office

  • T

    Seller's Agent in 2012

    Tonya Emery

    Temporary Inactive Users

See All Agents

Map

Source: Realcomp

MLS Number: 20221065572

Realcomp

APN: 08-005626

Michigan Wayne County Detroit 48206 Virginia Park Community

7645 Kipling St, Detroit, 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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