NOT LISTED FOR SALE

7842 Faust Ave Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $73,045 - $84,000

3 Beds
1 Bath
1,017 Sq Ft
$79/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $78,000 $77 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $563/month

33 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Bungalow

About This Home

As of June 2024

FULL SECTION 8 VOUCHER**GORGEOUS & UPDATED**AMAZING WARRENDALE NEIGHBORHOOD **3 BED BRICK corner Bungalow on a quiet block would make a great addition to your rental portfolio. Located near Dearborn on Detroit's Westside, this performing property is rented for $838 per month to a great Tenant, section 8 pays the full amount, just sit back and collect the rent. Home was fully updated in 2023 and has gorgeous hardwood flooring throughout and features a large living room, updated full bath and terrific floor plan. Massive eat-in Kitchen has new cabinets, flooring, subway backsplash granite counter tops and breakfast nook. All 3 bedrooms are spacious, including the private upper bungalow suite. Exterior features included a large fenced yard, vinyl windows, 3D roof and detached 2 car garage. Full Basement is clean and has a newer furnace and water tank. Location near Dearborn suburbs offers numerous dining and entertainment options. Grab this one fast. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! This one is Truly and investors dream!

Last Agent to Sell the Property

Hassan Hammoud

U.S. Investor Group License #6501457390 Listed on: 05/05/2024

Co-Listed By

Sam Berri

U.S. Investor Group License #6501413969

Last Buyer's Agent

Ben Ness

Clyde Realty LLC License #6501394137

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1948 | Remodeled in 2023

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00 x 140.00

Parking

  • 2 Car Detached Garage

Home Design

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

Interior Spaces

  • 1,017 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Richland Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I078452S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,552

Year Built

Built in 1948 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240.00
  • Year Built: 1948
  • State Equalized Value: 20900.0000
  • Year Renovated: 2023
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1017
  • Total Sq Ft: 1017
  • Sq Ft Total Bsmt: 761

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00 x 140.00
  • Parcel Number: W22I078452S

Tax Info

  • Tax Amount Summer: 1409.0000
  • Tax Amount Winter: 143.0000
  • Total Tax: 1552.0000
  • Taxable Value: 15185.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2024
Closed on
Jun 14, 2024
Sold by
Bricksave 046 Llc
Bought by
Huang Shuangshuang
Seller's Agent
Hassan Hammoud
U.S. Investor Group
Buyer's Agent
Ben Ness
Clyde Realty LLC
List Price
$84,900
Sold Price
$78,000
Premium/Discount to List
-$6,900
-8.13%
Views
56
Current Estimated Value
$80,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,810
Avg. Annual Appreciation
3.15%

Purchase Details

Closed on
Aug 27, 2020
Sold by
Rpj Real Estate Llc
Bought by
Bricksave 046 Llc

Purchase Details

Closed on
Jun 3, 2020
Sold by
Meliquina Llc
Bought by
Rpj Real Estate Llc

Purchase Details

Closed on
Jan 24, 2013
Sold by
Metro Global Holdings Llc
Bought by
Meliquina Llc

Purchase Details

Listed on
May 22, 2012
Closed on
Jul 11, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Metro Global Holding Llc
Seller's Agent
Jeahad Kadaf
Heights Realty Group
Buyer's Agent
Omar Ghazzawi
Keller Williams Legacy
List Price
$7,000
Sold Price
$7,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.58%

Purchase Details

Closed on
Jan 12, 2011
Sold by
Everhome Mortgage Company
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 1, 2010
Sold by
Johnson Dorothy
Bought by
Everhome Mortgage Company and Alliance Mortgage Company

Purchase Details

Closed on
Jan 18, 2008
Sold by
Goldfarb Bonding Agency Llc
Bought by
Johnson Dorothy

Purchase Details

Closed on
Jul 28, 2004
Sold by
Johnson Dorothy A and Johnson Dorothy
Bought by
Goldfarb Bonding Agency Llc
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
Huang Shuangshuang $78,000 Paramount Title
Bricksave 046 Llc $58,900 Embassy Title Agency Inc
Rpj Real Estate Llc $15,000 Embassy Title Agency
Meliquina Llc $40,830 Bell Title Agency Of Livonia
Metro Global Holding Llc $7,000 None Available
The Secretary Of Housing & Urban Develop -- None Available
Everhome Mortgage Company $62,243 None Available
Johnson Dorothy -- Philip F Greco Title Company
Goldfarb Bonding Agency Llc -- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Dorothy $4,599
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $78,000 -8.1% $77 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/05/2024 05/05/24 For Sale $84,900 +1112.9% $83 / Sq Ft
07/16/2012 07/16/12 Sold $7,000 0.0% $6 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
05/22/2012 05/22/12 For Sale $7,000 -- $6 / 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 $1,451 $32,000 $0 $0
2024 $1,451 $26,800 $0 $0
2023 $1,409 $20,900 $0 $0
2022 $1,504 $18,500 $0 $0
2021 $877 $14,000 $0 $0
2020 $877 $13,100 $0 $0
2019 $865 $11,600 $0 $0
2018 $771 $11,300 $0 $0
2017 $128 $11,500 $0 $0
2016 $836 $7,000 $0 $0
2015 $700 $7,000 $0 $0
2013 $2,109 $21,092 $0 $0
2010 -- $30,924 $871 $30,053
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Hassan Hammoud

    U.S. Investor Group

    (313) 702-2552

    3 in this area

    35 Total Sales

    Section Image
  • Sam Berri

    Seller Co-Listing Agent in 2024

    Sam Berri

    U.S. Investor Group

    (248) 255-9114

    5 in this area

    157 Total Sales

    Section Image
  • Ben Ness

    Buyer's Agent in 2024

    Ben Ness

    Clyde Realty LLC

    (313) 230-0510

    17 in this area

    402 Total Sales

    Section Image

  • J

    Seller's Agent in 2012

    Jeahad Kadaf

    Heights Realty Group

    (313) 558-0508

    Section Image
  • Omar Ghazzawi

    Buyer's Agent in 2012

    Omar Ghazzawi

    Keller Williams Legacy

    (313) 477-7447

    5 in this area

    200 Total Sales

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240027769

Realcomp

APN: 22-078452

Michigan Wayne County Detroit 48228 Franklin Park

7842 Faust Ave, Detroit, MI

This home is located at 7842 Faust Ave, Detroit, MI 48228 since 05 May 2024 and is currently estimated at $80,261, approximately $78 per square foot. This property was built in 1948. 7842 Faust Ave is a home located in Wayne County with nearby schools including Bates Academy, 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
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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