NOT LISTED FOR SALE

81 E Pleasant St River Rouge, MI 48218

Estimated Value: $169,484 - $249,000

6 Beds
7 Baths
2,256 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 29, 2013

Last sale price $70,000 $31 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $1,192/month

48 Days on Market

Highlights

  • Hot Water Heating System
  • Fenced
  • 3-minute walk to John Jakubowski Park

About This Home

As of October 2013

Extremely clean and well maintained 7 unit rental property located in desirable area of River Rouge* Owner has cared for this property - you will be pleasantly surprised* Updated vinyl siding* Lg parking pad at rear for 5-6 vehicles* Updated kitchens* Wallside windows* Updated roof* C/B separate for all units* New Pex plumbing upstairs* Glass block basement windows* Extra lot adds to appealing exterior* At least 24 hour notice to show needed* BATVAI

Last Agent to Sell the Property

Teresa Hipshire

River Oaks Realty License #6501290990 Listed on: 08/10/2013

Last Buyer's Agent

Larry Sarver

Network Realty License #RCO-6501268605

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30x100
  • Fenced

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 7 Full Bathrooms
  • 2,256 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Parking

  • 5 Parking Spaces
  • Paved Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 7 Units
  • Brownlees Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50006040028000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 1/2 Story, Multi/Split (Multi-Level)
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2256

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 5

Utilities

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

Lot Info

  • List Price per Acre: 1141429.0000
  • Lot Size Area: 0.07
  • Lot Dimensions: 30X100
  • Parcel Number: 50006040028000
  • Zone Conform: Yes
  • Zoning: Residential
  • Homestead Percent: 0 Percent

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3160

Tax Info

  • Tax Amount Summer: 2002.0000
  • Tax Amount Winter: 1311.0000
  • Total Tax: 3313.0000

Multi Family

  • Gross Scheduled Income: 37920.00
  • Number Of Units Total: 7
  • Number of Efficiency Units: 2

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2013
Closed on
Dec 3, 2013
Sold by
Strategy Properties Llc
Bought by
Powerone Properties Llc
Seller's Agent
Teresa Hipshire
River Oaks Realty
Buyer's Agent
Larry Sarver
Network Realty
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Current Estimated Value
$196,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,871
Avg. Annual Appreciation
8.87%

Purchase Details

Listed on
Aug 10, 2013
Closed on
Nov 1, 2013
Sold by
Powerone Properties Llc
Bought by
Red Door Investors Llc
Seller's Agent
Teresa Hipshire
River Oaks Realty
Buyer's Agent
Larry Sarver
Network Realty
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%

Purchase Details

Listed on
Aug 10, 2013
Closed on
Oct 29, 2013
Sold by
Labadie Fred J and Labadie Sandra J
Bought by
Strategy Properties Llc
Seller's Agent
Teresa Hipshire
River Oaks Realty
Buyer's Agent
Larry Sarver
Network Realty
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%

Purchase Details

Closed on
Aug 31, 1999
Sold by
Layne Carol
Bought by
Labadie Fred J

Purchase Details

Closed on
Sep 22, 1994
Sold by
Layne James R
Bought by
Forrest James W
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
Powerone Properties Llc -- None Available
Red Door Investors Llc $245,000 None Available
Strategy Properties Llc $70,000 First American Title Ins Co
Labadie Fred J $39,000 --
Forrest James W $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Forrest James W $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2013 10/29/13 Sold $70,000 -12.4% $31 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
08/10/2013 08/10/13 For Sale $79,900 -- $35 / 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 $1,919 $71,600 $0 $0
2024 $1,862 $60,600 $0 $0
2023 $1,774 $47,700 $0 $0
2022 $2,468 $37,300 $0 $0
2021 $2,392 $31,900 $0 $0
2020 $2,408 $26,800 $0 $0
2019 $1,641 $24,300 $0 $0
2018 $1,602 $22,500 $0 $0
2017 $1,469 $23,000 $0 $0
2016 $2,421 $23,700 $0 $0
2015 $3,010 $30,100 $0 $0
2013 $3,284 $47,900 $0 $0
2012 $2,934 $48,400 $3,100 $45,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Teresa Hipshire

    River Oaks Realty

    (734) 652-0503

    12 Total Sales

    Teresa Hipshire
    Section Image

  • L

    Buyer's Agent in 2013

    Larry Sarver

    Network Realty

    (586) 339-2862

    4 Total Sales

    Larry Sarver
    Section Image
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Map

Source: Realcomp

MLS Number: 213081440

Realcomp

APN: 50-006-04-0028-000

Michigan Wayne County River Rouge 48218

81 E Pleasant St, River Rouge, 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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