$72,000
SOLD JUL 14, 2022

82 Forest St River Rouge, MI 48218

3 Beds
2 Baths
1,380 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

3% Above List Price

36 Days on Market

Highlights

  • Enclosed patio or porch
  • Forced Air Heating System
  • High Speed Internet
  • Awning
  • Laundry Facilities
  • Fenced

About This Home

As of January 2025

***ATENTION INVESTOR BUYERS*** GREAT R.O.I. for the price!!!! C of O complete, 2 family residential property, 2 bedroom 1 bath lower, 1 bedroom 1 bath upper. Full basement w/ common area laundry & separate lockable storage areas for each unit (nearly 1/2 of the basement allocated for each unit) Separate furnaces & hot water tanks for each unit. Recently remodeled, NEW CARPET AND VINYL FLORRING THROUGHOUT BOTH UNITS, Freshly painted throughout, new upper deck. Newer Furnaces - both units. Large enclosed front porch for lower unit. New steel entry doors, separate entrances for both units, both units have access to basement & laundry (laundry units included) Ready to RENT, C of O from city of River Rouge completed no repairs to assume by buyer, ready to be transferred to new owner. Start taking advantage of this RED HOT RENTAL MARKET today!!! Great income stream / low cash outlay. A money maker. Seller has waiting list to rent home, home can be provided w/ units leased if desired.

Last Agent to Sell the Property

Aaron Dake

Real Estate One-Southgate License #6501252686 Listed on: 05/20/2022

Real Estate One-Southgate

Last Buyer's Agent

Glenn Goodman

Temporary Inactive Users License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x110.20
  • Fenced

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,380 Sq Ft Home
  • 2-Story Property
  • Awning
  • Carbon Monoxide Detectors

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Enclosed patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50004140155000

Community Details

Overview

  • 2 Units
  • Abbott & Beymers Great Lakes Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,190

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 16700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common, Private Storage Locker
  • Sq Ft Combined: 1380
  • Total Sq Ft: 1380
  • Sq Ft Total Bsmt: 864

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Awning/Overhang(s), Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Porch - Covered, Porch - Enclosed, Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X110.20
  • Parcel Number: 50004140155000
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 814.0000
  • Tax Amount Winter: 376.0000
  • Total Tax: 1190.0000
  • Taxable Value: 11848.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Jan 18, 2025
Sold by
Ebersole Isaiah
Bought by
Nasher Waddah
Seller's Agent
Pamela Swiercz
Berkshire Hathaway HomeServices Kee Realty Brown
Buyer's Agent
Janelle Pfeiffer
Berkshire Hathaway HomeServices Kee Realty Brown
List Price
$99,900
Sold Price
$63,000
Premium/Discount to List
-$36,900
-36.94%
Views
41
Current Estimated Value
$65,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,525
Avg. Annual Appreciation
13.78%

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 14, 2022
Sold by
1409 Montie Llc
Bought by
Ebersole Isaiah
Seller's Agent
Aaron Dake
Real Estate One-Southgate
Buyer's Agent
Glenn Goodman
Temporary Inactive Users
List Price
$69,900
Sold Price
$72,000
Premium/Discount to List
$2,100
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.10%
Original Mortgage
$70,695
Interest Rate
5.78%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 21, 2020
Closed on
Apr 1, 2021
Sold by
May Alan A and Estate Of Subhash Chand Marwah
Bought by
1409 Montie Llc
Seller's Agent
James Keefer
EXP Realty Taylor
Buyer's Agent
Aaron Dake
Real Estate One-Southgate
List Price
$274,500
Sold Price
$20,000
Premium/Discount to List
-$254,500
-92.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
172.03%

Purchase Details

Closed on
Sep 18, 2008
Sold by
Butkus Helen Y
Bought by
Downriver Community Fcu
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 Type Sale Price Title Company
Warranty Deed $62,250 Stewart Title
Warranty Deed $72,000 Michigan Title Insurance Agenc
Fiduciary Deed $20,000 Ata National Title Group Llc
Sheriffs Deed $57,165 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $70,695 FHA
Previous Owner $60,500 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $63,000 -8.7% $46 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
12/17/2024 12/17/24 Price Changed $69,000 -23.2% $50 / Sq Ft
12/04/2024 12/04/24 Price Changed $89,900 -10.0% $65 / Sq Ft
11/18/2024 11/18/24 For Sale $99,900 +38.8% $72 / Sq Ft
07/14/2022 07/14/22 Sold $72,000 +3.0% $52 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $69,900 +249.5% $51 / Sq Ft
04/01/2021 04/01/21 Sold $20,000 -92.7% $14 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $274,500 -- $199 / 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
2024 $1,483 $34,100 $0 $0
2023 $1,413 $26,300 $0 $0
2022 $1,997 $19,900 $0 $0
2021 $1,190 $16,700 $0 $0
2020 $1,198 $13,900 $0 $0
2019 $817 $12,300 $0 $0
2018 $797 $11,200 $0 $0
2017 $719 $11,500 $0 $0
2016 $1,174 $11,600 $0 $0
2015 $1,214 $14,100 $0 $0
2013 $1,176 $23,500 $0 $0
2012 $2,829 $27,300 $3,200 $24,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220038679

Realcomp

APN: 50-004-14-0155-000