NOT LISTED FOR SALE

8520 Schaefer Hwy Detroit, MI 48228

Fiskhorn Neighborhood

Estimated Value: $96,000 - $147,000

4 Beds
2 Baths
3,736 Sq Ft
$31/Sq Ft Est. Value

Last Sold July 09, 2015

Last sale price $25,750 $7 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $754/month

39 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Garage

About This Home

As of July 2015

CASH FLOW GEM!! This beautiful brick side-by-side duplex is ready and waiting for the right owner. Current owner is liquidating all inventory and is looking to sell this one ASAP. The property has 2 bedrooms in each unit, 1 bath and separate full basements on each side! This is a bonus for the tenants - they don't have to share a basement and can enjoy full and complete privacy in their homes. All offers must be accompanied by proof of funds. Showings are by appointment only. DO NOT disturb tenants. Property sold via warranty deed.

Last Agent to Sell the Property

Letitia Patterson

RCH Brokerage Legacy Inc License #6502391141 Listed on: 03/10/2015

Last Buyer's Agent

Letitia Patterson

RCH Brokerage Legacy Inc License #6502391141 Listed on: 03/10/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953 | Remodeled in 2012

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 47.00x110.00

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,736 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Community Details

  • 2 Units
  • Robert Oakman Land Cos Aviation Field Sub No 4 L58 P48 Plats Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I029605C7

Property Details

Home Type

Multi-Family

Year Built

Built in 1953 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1953
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3736
  • Total Sq Ft: 3736
  • Sq Ft Total Bsmt: 650

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • Garage: Yes

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 241666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 47.00X110.00
  • Parcel Number: W22I029605C7
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 500

Tax Info

  • Tax Amount Summer: 810.0000
  • Tax Amount Winter: 57.0000
  • Total Tax: 867.0000

Multi Family

  • Gross Scheduled Income: 6000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2016
Sold by
Murray John Patrick
Bought by
Murray Property Llc
Current Estimated Value
$115,481

Purchase Details

Listed on
Mar 10, 2015
Closed on
Jun 4, 2015
Sold by
Triumph Real Estate Llc
Bought by
Murray John Patrick
Seller's Agent
Letitia Patterson
RCH Brokerage Legacy Inc
Buyer's Agent
Letitia Patterson
RCH Brokerage Legacy Inc
List Price
$29,000
Sold Price
$25,750
Premium/Discount to List
-$3,250
-11.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
Jul 3, 2012
Sold by
Fox Realty & Services Llc
Bought by
Triumph Real Estate Llc

Purchase Details

Closed on
Apr 30, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 17, 2010
Sold by
Booth Chutry L
Bought by
Bac Home Loans Servicing Lp
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
Murray Property Llc -- None Available
Murray John Patrick $25,750 Title Connect
Triumph Real Estate Llc $22,500 Bell Title Agency Of Livonia
Federal National Mortgage Association -- None Available
Bac Home Loans Servicing Lp $26,613 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2015 07/09/15 Sold $25,750 -11.2% $7 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $29,000 +173.6% $8 / Sq Ft
01/27/2012 01/27/12 Sold $10,600 +2.9% $3 / Sq Ft View Prior Sale
01/04/2012 01/04/12 Pending -- -- --
12/14/2011 12/14/11 For Sale $10,300 -- $3 / 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 $1,793 $57,600 $0 $0
2024 $1,793 $48,400 $0 $0
2023 $1,742 $37,800 $0 $0
2022 $1,864 $34,700 $0 $0
2021 $1,810 $25,900 $0 $0
2020 $1,810 $24,100 $0 $0
2019 $1,780 $18,000 $0 $0
2018 $1,649 $17,000 $0 $0
2017 $322 $17,000 $0 $0
2016 $794 $6,000 $0 $0
2015 $600 $6,000 $0 $0
2013 $707 $7,068 $0 $0
2010 -- $9,810 $1,064 $8,746
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Letitia Patterson

    RCH Brokerage Legacy Inc

    (248) 506-9426

    22 Total Sales

    Letitia Patterson
    Section Image
  • Donald Castelli

    Seller's Agent in 2012

    Donald Castelli

    Century 21 Professionals Clarkston

    (734) 367-4455

    103 Total Sales

    Donald Castelli
    Section Image

  • S

    Buyer's Agent in 2012

    Shawn Green

    Smart Realty & Investments Inc

    (313) 215-1536

    8 Total Sales

    Shawn Green
    Section Image
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Map

Source: Realcomp

MLS Number: 215020462

Realcomp

APN: 22-0296057

Michigan Wayne County Detroit 48228 Fiskhorn

8520 Schaefer Hwy, Detroit, MI

This home is located at 8520 Schaefer Hwy, Detroit, MI 48228 since 10 March 2015 and is currently estimated at $115,481, approximately $30 per square foot. This property was built in 1953. 8520 Schaefer Hwy is a home located in Wayne County with nearby schools including Barton Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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