NOT LISTED FOR SALE

8082 Faust Ave Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $61,000 - $68,106

2 Beds
1 Bath
701 Sq Ft
$94/Sq Ft Est. Value

Last Sold June 11, 2014

Last sale price $4,000 $6 Per Sq Ft

Est. 1,544% increase in value since last sale

Current estimated payment $430/month

74 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • 2 Car Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of June 2014

Aluminum exterior ranch with GFA heat, finished basement, 2 car garage, newer windows, nice kitchen. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

William Adams

Adams Realty Services License #6501158021 Listed on: 03/26/2014

Last Buyer's Agent

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1944

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x131

Parking

  • 2 Car Garage

Home Design

  • 701 Sq Ft Home
  • Ranch Style House
  • Block Foundation

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • Richland Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I078463S

Home Details

Home Type

Single Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: YES
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 901
  • Sq Ft Lower Floor: 200
  • Total Sq Ft: 701
  • Sq Ft Total Bsmt: 650

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • List Price per Acre: 41658.3333
  • Lot Size Area: 0.12
  • Lot Dimensions: 40X131
  • Parcel Number: W22I078463S

Tax Info

  • Tax Amount Summer: 1285.0000
  • Tax Amount Winter: 144.0000
  • Total Tax: 1429.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2014
Closed on
May 28, 2014
Sold by
Fannie Mae
Bought by
Jones Kerry
Seller's Agent
William Adams
Adams Realty Services
Buyer's Agent
Clarence Wilson
RCH Brokerage Legacy Inc
List Price
$5,250
Sold Price
$4,000
Premium/Discount to List
-$1,250
-23.81%
Current Estimated Value
$65,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,777
Avg. Annual Appreciation
28.35%

Purchase Details

Closed on
Sep 25, 2012
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 13, 2012
Sold by
Poole Marsha R
Bought by
Citimortgage Inc
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
Jones Kerry $4,000 Servicelink Llc
Federal National Mortgage Association -- None Available
Citimortgage Inc $72,012 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poole Marsha R $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2014 06/11/14 Sold $4,000 -23.8% $6 / Sq Ft
06/08/2014 06/08/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $5,250 -- $7 / 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 $864 $27,900 $0 $0
2024 $864 $23,300 $0 $0
2023 $837 $18,200 $0 $0
2022 $907 $15,600 $0 $0
2021 $800 $11,900 $0 $0
2020 $810 $11,100 $0 $0
2019 $866 $9,700 $0 $0
2018 $910 $8,700 $0 $0
2017 $169 $8,900 $0 $0
2016 $1,290 $12,400 $0 $0
2015 $1,240 $12,400 $0 $0
2013 $1,798 $18,645 $0 $0
2010 -- $27,336 $899 $26,437
Source: Public Records

Agents Affiliated with this Home

  • William Adams

    Seller's Agent in 2014

    William Adams

    Adams Realty Services

    (248) 582-3300

    3 in this area

    157 Total Sales

    William Adams
    Section Image
  • Clarence Wilson

    Buyer's Agent in 2014

    Clarence Wilson

    RCH Brokerage Legacy Inc

    (313) 467-0009

    13 in this area

    229 Total Sales

    Clarence Wilson
    Section Image
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Map

Source: Realcomp

MLS Number: 214024885

Realcomp

APN: 22-078463

Michigan Wayne County Detroit 48228 Franklin Park

8082 Faust Ave, Detroit, MI

This home is located at 8082 Faust Ave, Detroit, MI 48228 since 26 March 2014 and is currently estimated at $65,777, approximately $93 per square foot. This property was built in 1944. 8082 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
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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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