NOT LISTED FOR SALE

853 Ashland St Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $81,633 - $278,000

6 Beds
2 Baths
2,461 Sq Ft
$74/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $70,000 $28 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $1,373/month

9 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Fenced
  • Cass Technical High School Rated 10
  • Heating System Uses Steam
  • Walk-Up Access

About This Home

As of February 2017

Wow they do not build them like this anymore! Awesome investment opportunity. A Beautiful Brick, Two Unit, Turn-Key, with lots of curb appeal... Hardwood Floors, Major updates: Brand New Hot Water Tanks, Electrical, paint, Boiler tune up's, Newer Kitchen, Great location near the water. Taxes have been lowered drastically...This investment will give you a 19%+ return (ROI). Same owner selling the 2 Unit next door, would like to sell them to the same buyer: MLS #217002781.....All data approximate. Buyers agent to verify all information. Please do not approach tenants. Must have 24 hour notice to show.

Last Agent to Sell the Property

Hassan Scheib

Own It Realty License #6502399271 Listed on: 01/11/2017

Last Buyer's Agent

Alex Lauer

Clyde Realty LLC License #RCO-6501387117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916 | Remodeled in 2015

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x115.00
  • Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,461 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Fox Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I062470S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$375

Year Built

Built in 1916 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1916
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Walk-Up Access
  • Sq Ft Combined: 2461
  • Total Sq Ft: 2461
  • Sq Ft Total Bsmt: 1157

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block, Brick/Mortar
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • 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: 987500.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X115.00
  • Parcel Number: W21I062470S
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1500

Tax Info

  • Tax Amount Summer: 371.0000
  • Tax Amount Winter: 4.0000
  • Total Tax: 375.0000

Multi Family

  • Gross Scheduled Income: 18000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2023
Sold by
Tri County Investment Group Llc
Bought by
853 Ashland Llc
Current Estimated Value
$181,408

Purchase Details

Closed on
Sep 14, 2021
Sold by
Hock Marcus
Bought by
Tri County Investment Group Llc

Purchase Details

Listed on
Jan 11, 2017
Closed on
Feb 10, 2017
Sold by
Fairlane Construction And Renovation
Bought by
Hock Marcus
Seller's Agent
Hassan Scheib
Own It Realty
Buyer's Agent
Alex Lauer
Clyde Realty LLC
List Price
$79,000
Sold Price
$70,000
Premium/Discount to List
-$9,000
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%

Purchase Details

Closed on
May 1, 2015
Sold by
Opportunity Resource Fund
Bought by
Fairlane Construction & Renovation Llc

Purchase Details

Closed on
May 29, 2014
Sold by
853 Ashland Associates Llc
Bought by
Opportunity Resource Fund and Michigan Interfaith Trust Fund
Source: Public Records

Range of Values:

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Average Value
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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
853 Ashland Llc -- None Listed On Document
Tri County Investment Group Llc $65,000 None Available
Hock Marcus $70,000 First American Title Ins Co
Fairlane Construction & Renovation Llc $20,000 Attorney
Opportunity Resource Fund $94,909 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2017 02/10/17 Sold $70,000 -11.4% $28 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $79,000 -- $32 / 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 $4,618 $89,100 $0 $0
2024 $4,618 $61,300 $0 $0
2023 $1,260 $46,200 $0 $0
2022 $1,702 $30,300 $0 $0
2021 $1,317 $24,000 $0 $0
2020 $1,656 $20,000 $0 $0
2019 $1,632 $14,600 $0 $0
2018 $1,556 $15,800 $0 $0
2017 $6 $300 $0 $0
2016 $376 $400 $0 $0
2015 $40 $400 $0 $0
2013 $40 $397 $0 $0
2010 -- $397 $397 $0
Source: Public Records

Agents Affiliated with this Home

  • Hassan Scheib

    Seller's Agent in 2017

    Hassan Scheib

    Own It Realty

    (313) 395-0000

    398 Total Sales

    Hassan Scheib
    Section Image
  • Alex Lauer

    Buyer's Agent in 2017

    Alex Lauer

    Clyde Realty LLC

    (313) 230-0510

    24 in this area

    378 Total Sales

    Alex Lauer
    Section Image
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Map

Source: Realcomp

MLS Number: 217002779

Realcomp

APN: 21-062470

Michigan Wayne County Detroit 48215 Jefferson Chalmers

853 Ashland St, Detroit, MI

This home is located at 853 Ashland St, Detroit, MI 48215 since 11 January 2017 and is currently estimated at $181,408, approximately $73 per square foot. This property was built in 1916. 853 Ashland St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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.

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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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