NOT LISTED FOR SALE

8242 Brace St Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $60,000 - $71,000

3 Beds
1.5 Baths
871 Sq Ft
$76/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2023

Last sale price $64,000 $73 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $447 / mo

44 Days on Market

Highlights

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

About This Home

As of July 2023

Investors and first-time home buyers, here's your wonderful opportunity! Don't miss this spacious three bedroom Ranch home! Located very close to Southfield Highway. This property has enormous potential to generate passive income. This sale includes a vacant adjacent Lot on the south side of the building. The property is being sold AS-IS. Schedule your private showing today!

Last Agent to Sell the Property

Elrashid Zomrawy

RE/MAX Leading Edge License #6501447487 Listed on: 05/12/2023

RE/MAX Leading Edge

Co-Listed By

Sherri Saad

RE/MAX Leading Edge License #6502418620

Last Buyer's Agent

Elrashid Zomrawy

RE/MAX Leading Edge License #6501447487 Listed on: 05/12/2023

RE/MAX Leading Edge

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1943

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 128.00

Parking

  • 1 Car Detached Garage

Home Design

  • 871 Sq Ft Home
  • Ranch Style House

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Bonaparte Park Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number W22I080989S

Home Details

Home Type

Single Family

Est. Annual Taxes

$288

Year Built

Built in 1943

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Warranty: Yes
  • Year Built: 1943
  • State Equalized Value: 4100.0000
  • Foundation Features: Insulating Concrete Forms
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 871

Exterior Features

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

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • 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

Lot Info

  • List Price per Acre: 582500.0000
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 128.00
  • Parcel Number: W22I080989S

Tax Info

  • Tax Amount Summer: 249.0000
  • Tax Amount Winter: 39.0000
  • Total Tax: 288.0000
  • Taxable Value: 4100.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 27, 2023
Sold by
Rodriguez Ivan
Bought by
Woodward West Holdings Llc
Seller's Agent
Elrashid Zomrawy
RE/MAX Leading Edge
Buyer's Agent
Elrashid Zomrawy
RE/MAX Leading Edge
List Price
$84,900
Sold Price
$64,000
Premium/Discount to List
-$20,900
-24.62%
Views
101
Current Estimated Value
$66,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,281
Avg. Annual Appreciation
1.25%

Purchase Details

Closed on
Feb 11, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Rodriguez Ivan

Purchase Details

Closed on
Jan 13, 2016
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
May 10, 2012
Sold by
Riskel Llc
Bought by
Arreguin Silvia Jimenez and Barba Hector

Purchase Details

Closed on
Apr 30, 2010
Sold by
Riskel Llc
Bought by
Barba Hector and Arrequin Silvia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Sep 29, 2006
Sold by
Mortgage Ltd
Bought by
Irby Thaddaeus A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,866
Interest Rate
6.5%
Mortgage Type
VA

Purchase Details

Closed on
Nov 16, 2005
Sold by
Newson Reginald
Bought by
Mortgage Ltd
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
Woodward West Holdings Llc $64,000 None Listed On Document
Rodriguez Ivan $4,200 None Available
Detroit Land Bank Authority -- None Available
Arreguin Silvia Jimenez -- None Available
Barba Hector $10,000 None Available
Flagstar Bank Fsb -- None Available
Mortgage Electronic Registration Systems $12,190 None Available
Irby Thaddaeus A $89,900 None Available
Mortgage Ltd $27,001 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barba Hector $9,000
Previous Owner Irby Thaddaeus A $92,866
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $64,000 -8.4% $73 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/13/2023 06/13/23 Price Changed $69,900 -11.5% $80 / Sq Ft
06/06/2023 06/06/23 Price Changed $79,000 -6.9% $91 / Sq Ft
05/30/2023 05/30/23 For Sale $84,900 0.0% $97 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $84,900 -- $97 / Sq Ft
Source: Realcomp

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 $1,179 $14,800 $0 $0
2024 $1,161 $12,100 $0 $0
2023 $571 $8,930 $0 $0
2022 $598 $4,100 $0 $0
2021 $668 $4,900 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $550 $0 $0 $0
2016 $240 $5,500 $0 $0
2015 $550 $5,500 $0 $0
2013 $1,645 $16,452 $0 $0
2010 -- $24,120 $892 $23,228
Source: Public Records

Agents Affiliated with this Home

  • Elrashid Zomrawy

    Seller's Agent in 2023

    Elrashid Zomrawy

    RE/MAX

    (313) 721-2897

    3 in this area

    17 Total Sales

    Elrashid Zomrawy
    Section Image
  • Sherri Saad

    Seller Co-Listing Agent in 2023

    Sherri Saad

    RE/MAX of Southeast Michigan

    (313) 598-5322

    15 in this area

    574 Total Sales

    Sherri Saad
    Section Image
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Map

Source: Realcomp

MLS Number: 20230036664

Realcomp

APN: 22-080989

Michigan Wayne County Detroit 48228 Franklin Park

8242 Brace St, Detroit, MI

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
Copyright 2026 Realcomp II Ltd. Shareholders
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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