NOT LISTED FOR SALE

8321 Rathbone St Detroit, MI 48209

Springwells Neighborhood

Estimated Value: $68,000 - $188,375

4 Beds
2 Baths
2,020 Sq Ft
$63/Sq Ft Est. Value

Last Sold February 04, 2017

Last sale price $37,500 $19 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $815/month

105 Days on Market

Highlights

  • Covered Patio or Porch
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of February 2017

**TURN-KEY INVESTMENT** 2 Fantastic side by side Townhouse style units available for sale! Property is fully occupied!! Unit 8321 and 8323 Rathbone are each rented for $475 per month. Each unit features 2 full bedrooms, 1 bathroom, a kitchen, dining room, and living room. Each unit has private entry with separated basements and electric meters! Seller is also selling 8309 and 8311 Rathbone, these 4 units can be purchased as 2 separate duplex's or as a package!! Purchaser to pay $495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Last Agent to Sell the Property

Larry Else

Realtyflo Inc License #6502386964 Listed on: 10/20/2016

Last Buyer's Agent

Larry Else

Realtyflo Inc License #6502386964 Listed on: 10/20/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 37.50x42.00

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,020 Sq Ft Home
  • 2-Story Property
  • Basement
  • Basement Storage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Rathbones Sub Ofo L 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W20I006048S001

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private Storage Locker
  • Sq Ft Combined: 2020
  • Total Sq Ft: 2020
  • Sq Ft Total Bsmt: 1010

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 38
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 997500.0000
  • Lot Size Area: 0.04
  • Lot Dimensions: 37.50X42.00
  • Parcel Number: W20I006048S001
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 950

Tax Info

  • Tax Amount Summer: 1192.0000
  • Tax Amount Winter: 110.0000
  • Total Tax: 1302.0000

Multi Family

  • Gross Scheduled Income: 11400.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Feb 3, 2017
Sold by
Villarruel Francisco J and Villarruel Maria Del Refugio
Bought by
Gutierrez Dario Hernandez
Seller's Agent
Larry Else
Realtyflo Inc
Buyer's Agent
Larry Else
Downtown Realty
List Price
$45,000
Sold Price
$37,500
Premium/Discount to List
-$7,500
-16.67%
Current Estimated Value
$127,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,094
Avg. Annual Appreciation
15.59%

Purchase Details

Closed on
Jun 10, 2016
Sold by
Kuczek Anthony
Bought by
Villarruel Francisco J
Source: Public Records

Range of Values:

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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
Gutierrez Dario Hernandez $37,600 None Available
Villarruel Francisco J $12,000 Minnesota Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2017 02/04/17 Sold $37,500 -16.7% $19 / Sq Ft
02/02/2017 02/02/17 Pending -- -- --
10/20/2016 10/20/16 For Sale $45,000 -- $22 / 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 $1,452 $57,800 $0 $0
2024 $1,452 $47,900 $0 $0
2023 $1,656 $37,300 $0 $0
2022 $1,763 $31,500 $0 $0
2021 $1,716 $25,800 $0 $0
2020 $1,716 $22,800 $0 $0
2019 $1,590 $17,300 $0 $0
2018 $1,487 $14,900 $0 $0
2017 $279 $14,700 $0 $0
2016 $1,319 $11,600 $0 $0
2015 $1,160 $11,600 $0 $0
2013 $40 $395 $0 $0
2010 -- $449 $448 $1
Source: Public Records

Agents Affiliated with this Home

  • Larry Else

    Seller's Agent in 2017

    Larry Else

    Realtyflo Inc

    (313) 466-7253

    1 in this area

    287 Total Sales

    Larry Else
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Map

Source: Realcomp

MLS Number: 216103058

Realcomp

APN: 20-006048-001

Michigan Wayne County Detroit 48209 Springwells

8321 Rathbone St, Detroit, MI

This home is located at 8321 Rathbone St, Detroit, MI 48209 since 20 October 2016 and is currently estimated at $127,594, approximately $63 per square foot. This property was built in 1922. 8321 Rathbone St is a home located in Wayne County with nearby schools including Bennett Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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 2025 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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