NOT LISTED FOR SALE

Estimated Value: $90,000 - $111,000

4 Beds
2 Baths
892 Sq Ft
$114/Sq Ft Est. Value

Last Sold August 06, 2015

Last sale price $53,000 $59 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $607/month

20 Days on Market

Highlights

  • No HOA
  • Porch
  • 2-minute walk to Harold G Cross Park
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of August 2015

Lambrecht Realty, LLC is pleased to present this turn-key investment opportunity, priced to provide a 15% or higher annual return. The subject property is a 3 bedroom 1 bathroom bungalow that features, new mechanical systems and updated finishes. Moreover, the Property is tenant occupied at $1300 per month. Duplex comes part of a package of 5 or can be bought individually. PLEASE DO NOT DIRECTLY CONTACT OWNER OR TENANT OR ANYONE AT THE SUBJECT PROPERTY. IGNORING THIS REQUIREMENT WILL DISQUALIFY ANY POTENTIAL PURCHASERS.

Last Agent to Sell the Property

Kofi Thomas

Temporary Inactive Users License #6501381139 Listed on: 06/30/2015

Last Buyer's Agent

Kofi Thomas

Temporary Inactive Users License #RCO-6501381139

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

Year Built

  • Built in 1944

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 29.00x100.00

Home Design

  • 892 Sq Ft Home
  • Half Duplex
  • Bi-Level Home
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • Robert Oakman Land Cos Aviation Field No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W18I018500S

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$816

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: 1/2 Duplex with Land
  • Architecture Level: Bi-Level
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 1338
  • Sq Ft Lower Floor: 446
  • Total Sq Ft: 892
  • Sq Ft Total Bsmt: 446

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 28
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • 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: 800000.0000
  • Lot Size Area: 0.07
  • Lot Dimensions: 29.00X100.00
  • Parcel Number: W18I018500S

Tax Info

  • Tax Amount Summer: 751.0000
  • Tax Amount Winter: 65.0000
  • Total Tax: 816.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Aug 5, 2015
Sold by
Electra Investments Llc
Bought by
Madussi Llc
Seller's Agent
Kofi Thomas
Temporary Inactive Users
Buyer's Agent
Kofi Thomas
Temporary Inactive Users
List Price
$45,000
Sold Price
$53,000
Premium/Discount to List
$8,000
17.78%
Current Estimated Value
$101,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,774
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Dec 23, 2013
Sold by
Grier Lajuan
Bought by
Silver Capital Group Llc

Purchase Details

Closed on
Aug 17, 2012
Sold by
Howard Sterling and Howard Jacqueline
Bought by
Grier Lajuan P
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
Madussi Llc $57,500 None Available
Silver Capital Group Llc -- None Available
Grier Lajuan P $9,900 Title Connect Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Sterling $87,750
Previous Owner Howard Sterling $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2015 08/06/15 Sold $53,000 +17.8% $59 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $45,000 -- $50 / 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 $764 $27,600 $0 $0
2024 $764 $22,900 $0 $0
2023 $740 $17,800 $0 $0
2022 $781 $15,100 $0 $0
2021 $763 $12,100 $0 $0
2020 $763 $10,500 $0 $0
2019 $753 $7,900 $0 $0
2018 $776 $8,100 $0 $0
2017 $105 $8,100 $0 $0
2016 $829 $6,500 $0 $0
2015 $516 $6,500 $0 $0
2013 $764 $7,639 $0 $0
2010 -- $10,602 $770 $9,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215045704

Realcomp

APN: 18-018500