NOT LISTED FOR SALE

784 Park Ave Lincoln Park, MI 48146

Estimated Value: $154,564 - $188,000

3 Beds
2 Baths
1,554 Sq Ft
$108/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $55,000 $35 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,108/month

199 Days on Market

About This Home

As of April 2017

Large two unit - six panel doors throughout, both units have refrigerators and electric stoves - spacious lower unit features two bedrooms (each has lots of closet space), kitchen with tons of cabinets; upper unit is freshly painted, hardwoods refinished, has one bedroom with an additional room off the living room, kitchen with oak cabinets, another additional room could be used as dining, seller leaving one window a/c unit for this apartment; home has a basement with shared laundry, separate electric water meters, copper plumbing separate circuit breakers, large glass block windows, boiler; vinyl windows, double parking pad on site; rental certified in January, purchaser to assume city required exterior inspection. -Lower is tenant occupied, minimum 24 hour notice to show required

Last Agent to Sell the Property

Teresa Hipshire

River Oaks Realty License #6501290990 Listed on: 09/12/2016

Last Buyer's Agent

Zachary Sims

Ambassador Real Estate Inc License #RCO-6501336247

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60.00x100.00
  • Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,554 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Water Heater

Community Details

  • 2 Units
  • Suburban Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45008030201300

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 39.73
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Interior Entry (Interior Access)
  • Total Sq Ft: 1554

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 427857.1429
  • Lot Size Area: 0.14
  • Lot Dimensions: 60.00X100.00
  • Parcel Number: 45008030201300
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 625

Tax Info

  • Tax Amount Summer: 1841.0000
  • Tax Amount Winter: 413.0000
  • Total Tax: 2254.0000

Multi Family

  • Gross Scheduled Income: 7500.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2018
Sold by
Alfa Properties Llc
Bought by
Flamingto Real Estate And Investments Ll
Current Estimated Value
$168,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,049,300
Outstanding Balance
$1,805,477
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
-$1,637,086

Purchase Details

Listed on
Sep 12, 2016
Closed on
Apr 17, 2017
Sold by
Reaume William L and Reaume Gail A
Bought by
Alfa Properties Llc
Seller's Agent
Teresa Hipshire
River Oaks Realty
Buyer's Agent
Zachary Sims
Ambassador Real Estate Inc
List Price
$64,000
Sold Price
$55,000
Premium/Discount to List
-$9,000
-14.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.98%

Purchase Details

Closed on
Aug 30, 2004
Sold by
Miller Ronald Joseph and Miller Stephanie Lynn
Bought by
Reaume William L

Purchase Details

Closed on
May 19, 2004
Sold by
Ellendt Tom D
Bought by
Miller Ronald J

Purchase Details

Closed on
Oct 5, 1998
Sold by
Moore Arlieta Carol A
Bought by
Ellendt Tom D
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 Buyer Sale Price Title Company
Flamingto Real Estate And Investments Ll -- None Available
Alfa Properties Llc $55,000 First American Title
Reaume William L $102,000 First American Title
Miller Ronald J $50,000 --
Ellendt Tom D $60,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flamingto Real Estate And Investments Ll $2,049,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2017 04/14/17 Sold $55,000 -14.1% $35 / Sq Ft
03/30/2017 03/30/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $64,000 -- $41 / 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 $2,660 $84,000 $0 $0
2024 $2,660 $74,100 $0 $0
2023 $2,776 $70,600 $0 $0
2022 $2,586 $57,600 $0 $0
2021 $2,524 $55,600 $0 $0
2020 $2,498 $45,600 $0 $0
2019 $2,093 $39,100 $0 $0
2018 $1,990 $32,900 $0 $0
2017 $943 $30,700 $0 $0
2016 $2,245 $31,700 $0 $0
2015 $3,110 $31,100 $0 $0
2013 $3,190 $33,400 $0 $0
2012 $2,690 $34,400 $6,700 $27,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Teresa Hipshire

    River Oaks Realty

    (734) 652-0503

    12 Total Sales

    Teresa Hipshire
    Section Image
  • Zachary Sims

    Buyer's Agent in 2017

    Zachary Sims

    Ambassador Real Estate Inc

    (313) 407-6328

    7 Total Sales

    Zachary Sims
    Section Image
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Map

Source: Realcomp

MLS Number: 216090918

Realcomp

APN: 45-008-03-0201-300

Michigan Wayne County Lincoln Park 48146

784 Park Ave, Lincoln Park, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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