NOT LISTED FOR SALE

Estimated Value: $97,000 - $303,377

8 Beds
4 Baths
4,216 Sq Ft
$53/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $14,700 $3 Per Sq Ft

Est. 1,442% increase in value since last sale

Current estimated payment $1,395/month

50 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Solar Light Tubes
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of February 2020

Great for experienced investors. Looking for a buyer to rehab this multi-family home, included are four adjacent lots (825,833,839,and 845 Collingwood). The lot is to be used for parking or green space for future tenants of this building.The seller is the Detroit Land Bank Authority. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please see attached documents for DLAB requirements. BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 09/23/2019

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

LaKeita Mitchell

EXP Realty Main License #6501405558

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 42.50x143.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 4,216 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Solar Light Tubes

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W04I002898S

Community Details

Overview

  • 4 Units
  • Greenlawn Sub Being Sly 6 82 Ft Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1919
  • State Equalized Value: 13400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4216
  • Total Sq Ft: 4216
  • Sq Ft Total Bsmt: 2068

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: ENERGY STAR® Qualified Solar Light Tubes
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 42
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 142857.1400
  • Lot Size Area: 0.14
  • Lot Dimensions: 42.50X143.00
  • Parcel Number: W04I002898S
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 775.4300
  • Tax Amount Winter: 52.7500
  • Total Tax: 828.1800

Multi Family

  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Feb 13, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Good Properties Llc
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
LaKeita Mitchell
EXP Realty Main
List Price
$20,000
Sold Price
$14,700
Premium/Discount to List
-$5,300
-26.5%
Current Estimated Value
$226,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,966
Avg. Annual Appreciation
66.46%

Purchase Details

Closed on
Jan 12, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Nov 7, 2013
Sold by
Wayne County Treasurer
Bought by
National Residential Commercial Llc

Purchase Details

Closed on
Jun 21, 2005
Sold by
Randall Spencer and Randall Bessie
Bought by
Davis Neal
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
Good Properties Llc -- None Available
Detroit Land Bank Authority -- None Available
National Residential Commercial Llc $700 None Available
Davis Neal -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Good Properties Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2020 02/13/20 Sold $14,700 -26.5% $3 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $20,000 -- $5 / 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 $1,845 $35,200 $0 $0
2024 $1,845 $29,200 $0 $0
2023 $1,792 $23,200 $0 $0
2022 $1,918 $19,200 $0 $0
2021 $3,475 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $13,900 $0 $0
2017 $106 $13,400 $0 $0
2016 $831 $37,500 $0 $0
2015 $550 $5,500 $0 $0
2013 $655 $6,553 $0 $0
2010 -- $8,690 $916 $7,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219097147

Realcomp

APN: 04-002898