NOT LISTED FOR SALE

8780 Beechwood St Detroit, MI 48204

Tireman Neighborhood

Estimated Value: $150,000 - $374,000

4 Beds
8 Baths
2,910 Sq Ft
$83/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $20,000 $7 Per Sq Ft

Est. 1,105% increase in value since last sale

Current estimated payment $1,318/month

About This Home

As of May 2024

Great 4 unit investment opportunity close to major freeways and midtown/downtown areas. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Last Agent to Sell the Property

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 04/17/2024

Last Buyer's Agent

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 04/17/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x120.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,910 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W16I003687S

Community Details

Overview

  • 4 Units
  • Frederick C Martindale Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1923
  • Pets Allowed: Yes
  • AgentOnly_ListPriceByAcre: 181818.1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.40
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2910

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X120.00
  • Parcel Number: W16I003687S
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
May 17, 2024
Sold by
Detroit Land Bank Authority
Bought by
Wab2 Llc
Seller's Agent
Natasha Richards
Bellabay Realty Tri Counties
Buyer's Agent
Natasha Richards
Bellabay Realty Tri Counties
List Price
$20,000
Sold Price
$20,000
Views
279
Current Estimated Value
$241,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,029
Avg. Annual Appreciation
356.22%

Purchase Details

Closed on
Jul 16, 2014
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr

Purchase Details

Closed on
Aug 8, 2005
Sold by
Estate Of Calvin J Pugh
Bought by
Vaughn Marquis A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wab2 Llc $20,000 None Listed On Document
The Detroit Land Bank Authority -- None Available
Planning & Development Dept City Of Detr -- None Available
Vaughn Marquis A $110,000 Transnation Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $20,000 0.0% $7 / Sq Ft
04/17/2024 04/17/24 For Sale $20,000 -- $7 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
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 $702 $6,000 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $984 $0 $0 $0
2019 $984 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 $340 $0 $0 $0
2015 $658 $0 $0 $0
2013 $658 $6,578 $0 $0
2010 -- $9,425 $572 $8,853
Source: Public Records

Agents Affiliated with this Home

  • Natasha Richards

    Seller's Agent in 2024

    Natasha Richards

    Bellabay Realty Tri Counties

    (313) 204-0310

    13 in this area

    162 Total Sales

    Natasha Richards
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Map

Source: Realcomp

MLS Number: 20240024695

Realcomp

APN: 16-003687

Michigan Wayne County Detroit 48204 Tireman

8780 Beechwood St, Detroit, MI

Not Listed for Sale

MultiFamily

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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