NOT LISTED FOR SALE

8873 Kolb St Detroit, MI 48214

East Village Neighborhood

Estimated Value: $70,666 - $85,000

6 Beds
2 Baths
1,728 Sq Ft
$45/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $55,000 $32 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $495/month

5 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of April 2021

This is a fantastic opportunity to own income producing property in the East Village Neighborhood near Downtown and Belle Isle State Park. The property has two bedrooms one bath per unit and is in fair condition. The current tenants has occupied the property for over 30 years and is responsible for gas and electricity. The property at 8879 Kolb which also is a two family own by the same seller is also available

Last Agent to Sell the Property

Gordon Hawkins

Hawkins Realty Group, Inc License #6502355037 Listed on: 02/04/2021

Last Buyer's Agent

Gordon Hawkins

Hawkins Realty Group, Inc License #6502355037 Listed on: 02/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x107.00

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stucco

Interior Spaces

  • 2 Full Bathrooms
  • 1,728 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W19I000800S

Community Details

Overview

  • 2 Units
  • Kolb & Moutards Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$781

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1916
  • State Equalized Value: 8300.0000
  • Pets Allowed: Yes
  • 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: 1728
  • Total Sq Ft: 1728
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Stucco
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 857142.8500
  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X107.00
  • Parcel Number: W19I000800S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1000

Tax Info

  • Tax Amount Summer: 735.0000
  • Tax Amount Winter: 46.0000
  • Total Tax: 781.0000
  • Taxable Value: 4997.0000

Multi Family

  • Gross Scheduled Income: 12000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • 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

Listed on
Feb 4, 2021
Closed on
Apr 15, 2021
Sold by
Roundtreas Property Rental Llc
Bought by
Bradley Marilyn
Seller's Agent
Gordon Hawkins
Hawkins Realty Group, Inc
Buyer's Agent
Gordon Hawkins
Hawkins Realty Group, Inc
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%
Current Estimated Value
$77,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,667
Avg. Annual Appreciation
8.16%
Original Mortgage
$54,003
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 4, 2021
Closed on
Mar 8, 2021
Sold by
Shields Joseph B
Bought by
Newman Alan
Seller's Agent
Gordon Hawkins
Hawkins Realty Group, Inc
Buyer's Agent
Gordon Hawkins
Hawkins Realty Group, Inc
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,003
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2010
Sold by
Roundtrea Emma L
Bought by
Roundtreas Property Rental Llc
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
Bradley Marilyn $55,000 First American Title
Newman Alan $60,000 First American Title Ins Co
Newman Alan $60,000 None Listed On Document
Roundtreas Property Rental Llc -- Colonial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bradley Marilyn $54,003
Previous Owner Bradley Marlyn $54,003
Previous Owner Roundtrea Emma L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $55,000 -8.3% $32 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $60,000 -- $35 / 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 $971 $24,500 $0 $0
2024 $971 $20,200 $0 $0
2023 $1,187 $15,300 $0 $0
2022 $1,270 $11,800 $0 $0
2021 $782 $8,500 $0 $0
2020 $782 $8,300 $0 $0
2019 $774 $7,700 $0 $0
2018 $709 $7,400 $0 $0
2017 $89 $7,700 $0 $0
2016 $754 $5,400 $0 $0
2015 $464 $5,400 $0 $0
2013 $449 $6,302 $0 $0
2010 -- $9,239 $355 $8,884
Source: Public Records

Agents Affiliated with this Home

  • Gordon Hawkins

    Seller's Agent in 2021

    Gordon Hawkins

    Hawkins Realty Group, Inc

    (313) 289-9776

    3 in this area

    37 Total Sales

    Gordon Hawkins
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Map

Source: Realcomp

MLS Number: 2210007797

Realcomp

APN: 19-000800

Michigan Wayne County Detroit 48214 East Village

8873 Kolb St, Detroit, MI

This home is located at 8873 Kolb St, Detroit, MI 48214 since 04 February 2021 and is currently estimated at $77,667, approximately $44 per square foot. This property was built in 1916. 8873 Kolb St is a home located in Wayne County with nearby schools including Nichols Elementary-Middle 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
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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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