8665 Faust Ave Detroit, MI 48228
Franklin Park NeighborhoodEstimated Value: $44,000 - $50,000
3
Beds
1
Bath
687
Sq Ft
$68/Sq Ft
Est. Value
Highlights
- No HOA
- Bungalow
- Forced Air Heating System
- Cass Technical High School Rated 10
- 1-Story Property
About This Home
As of August 2022PROPERTY IS SOLD AS A BUNDLE OF 5 WITH 8608 GREENVIEW, 8664 BRACE, 8690 FAUST, AND 8682 FAUST (VACANT LOT)=$20,000.NOT SOLD SEPARATELY. A COMPLETE RESTORATION IS NEEDED. THE BUYER MUST INCLUDE PLANS FOR REHABBING THE HOME. THE DLBA IS ENTITLED TO A TAX CAPTURE FOR THE 5 TAX YEARS SUBSEQUENT TO TRANSFERRING OWNERSHIP OF THE PROPERTY. THE TAX CAPTURE MAY BE INCOMPATIBLE WITH TAX ABATEMENT THAT ARE OTHERWISE AVAILABLE TO THE SELECTED PURCHASER. DLBA WILL REVIEW REQUESTS TO WAIVE ITS TAX CAPTURE RIGHTS & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING. BATVAI.PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS AND OFFER SUBMISSION INFORMATION.
Last Agent to Sell the Property
RCH Brokerage Legacy Inc License #6501306589 Listed on: 11/23/2021
Home Details
Home Type
- Single Family
Year Built
- Built in 1942
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40.00x133.00
Home Design
- Bungalow
- Poured Concrete
Interior Spaces
- 687 Sq Ft Home
- 1-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Location
- Ground Level
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Bonaparte Park Subdivision
Listing and Financial Details
- Assessor Parcel Number W22I079267S
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2021
Closed on
Jul 7, 2022
Sold by
Detroit Land Bank Authority
Bought by
Al-Yousef Yousef
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Mohamed ElKaluoby
Empire Realty Group
List Price
$5,000
Sold Price
$5,000
Total Days on Market
127
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,000
Avg. Annual Appreciation
122.61%
Purchase Details
Closed on
Nov 30, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority
Purchase Details
Closed on
Mar 31, 2010
Sold by
Takagiwa Hiroyuki and Duenas Juliana Mosquera
Bought by
Mango Group Llc
Purchase Details
Closed on
Sep 29, 2009
Sold by
Secured Asset Management Llc
Bought by
Takagiwa Hiroyuki
Purchase Details
Closed on
Sep 8, 2009
Sold by
Brennan Sandra and Kevelighan Sandra M
Bought by
Secured Asset Management
Purchase Details
Closed on
Jun 13, 1995
Sold by
Myers John
Bought by
Patrick Gray
Purchase Details
Closed on
Dec 7, 1994
Sold by
Shrf Charlene A Brown Pr
Bought by
Union Federal Savings Bank Of India Is
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Al-Yousef Yousef | $20,000 | None Listed On Document | |
| Detroit Land Bank Authority | -- | None Available | |
| Mango Group Llc | -- | None Available | |
| Takagiwa Hiroyuki | $28,000 | Lighthouse Title | |
| Secured Asset Management | $7,875 | Lighthouse Title | |
| Patrick Gray | $30,000 | -- | |
| Union Federal Savings Bank Of India Is | $19,455 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $5,000 | 0.0% | $7 / Sq Ft |
| 03/31/2022 03/31/22 | Pending | -- | -- | -- |
| 11/23/2021 11/23/21 | For Sale | $5,000 | -- | $7 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | -- | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 |
| 2022 | -- | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $1,923 | $0 | $0 | $0 |
| 2019 | $1,923 | $0 | $0 | $0 |
| 2018 | $0 | $4,100 | $0 | $0 |
| 2017 | $29 | $4,100 | $0 | $0 |
| 2016 | $373 | $1,600 | $0 | $0 |
| 2015 | $160 | $1,600 | $0 | $0 |
| 2013 | $988 | $17,183 | $0 | $0 |
| 2010 | -- | $25,192 | $901 | $24,291 |
Source: Public Records
Agents Affiliated with this Home
-
Leonard Pickett
Seller's Agent in 2022
Leonard Pickett
RCH Brokerage Legacy Inc
(313) 510-7887
11 in this area
180 Total Sales
-
Clarence Wilson
Seller Co-Listing Agent in 2022
Clarence Wilson
RCH Brokerage Legacy Inc
(313) 467-0009
13 in this area
231 Total Sales
-
Mohamed ElKaluoby
M
Buyer's Agent in 2022
Mohamed ElKaluoby
Empire Realty Group
(313) 801-9744
8 in this area
31 Total Sales
Map
Source: Realcomp
MLS Number: 2210094460
APN: 22-079267
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