NOT LISTED FOR SALE

8882 Rutherford St Detroit, MI 48228

Joy Community Neighborhood

Estimated Value: $95,000 - $107,000

4 Beds
2 Baths
1,680 Sq Ft
$61/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $55,000 $33 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $653/month

7 Days on Market

Highlights

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

About This Home

As of October 2019

BEST INCOME INVESTMENT IN THE CITY! PERFORMING 2 FAMILY UNIT COLLECTING $600/UNIT... $1200 MONTHLY...ACTUAL...NOT PROJECTED!PROPERTY IS STILL SPLIT IN PUBLIC RECORDS-BUT 8880 RUTHERFORD IS INCLUDED IN THE SALE(W22I055736S004-E RUTHERFORD N 0.79 FT 102 S 23.76 FT 103 FRISCHKORNS JOY RD SUB L70 P57 PLATS, W C R 22/714 24.55 X 110) SELLER IS OUT OF STATE AND CAN NO LONGER MANAGE FROM AFAR. SELLER HAS ONE OTHER FOR SALE DIRECTLY ACROSS THE STREET...8873 RUTHERFORD, PERFORMING JUST AS WELL. THIS IS THE PERFECT OPPORTUNITY TO CREATE LONG TERM WEALTH AND A SOLID PLAN FOR THE FUTURE. TENANTS WANT TO STAY. SELLER WILL ARRANGE SHOWINGS/PRIVATE INSPECTIONS FOR ACCEPTED OFFERS ONLY. QUICK CLOSINGS PREFERRED WITH WARRANTY DEED DELIVERED AT CLOSING. DRIVE BY AND SEE FOR YOURSELF, WITHOUT DISTURBING TENANTS OR WALKING PROPERTIES OF COURSE. AS-IS SALE. ADAMA. BBATVAI.

Last Agent to Sell the Property

Frederick Tavolette

Century 21 Curran & Oberski License #6501367370 Listed on: 09/21/2019

Last Buyer's Agent

Ray Carodine

Community Choice Realty Inc License #RCO-6501305704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 50.00x110.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,680 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 W22I055736S005

Community Details

Overview

  • 2 Units
  • Frischkorns Joy Road Subdivision

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,371

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Townhouse
  • Architecture Level: 2 Story
  • Year Built: 1949
  • State Equalized Value: 19800.0000
  • Pets Allowed: Breed Restrictions
  • 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: 1680
  • Total Sq Ft: 1680
  • Sq Ft Total Bsmt: 840

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 998333.3333
  • Lot Size Area: 0.06
  • Lot Dimensions: 50.00X110.00
  • Parcel Number: W22I055736S005
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 1273.0000
  • Tax Amount Winter: 98.0000
  • Total Tax: 1371.0000
  • Taxable Value: 5150.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two 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
Sep 21, 2019
Closed on
Oct 17, 2019
Sold by
Woodson Latasha
Bought by
Sjb Ags Llc
Seller's Agent
Frederick Tavolette
Century 21 Curran & Oberski
Buyer's Agent
Ray Carodine
Community Choice Realty Inc
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%
Current Estimated Value
$101,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,751
Avg. Annual Appreciation
11.43%
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
Sjb Ags Llc $55,000 Title One Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $55,000 -8.2% $33 / Sq Ft
09/28/2019 09/28/19 Pending -- -- --
09/21/2019 09/21/19 For Sale $59,900 +17.5% $36 / Sq Ft
08/01/2018 08/01/18 Sold $51,000 -7.3% $28 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $55,000 -- $30 / 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 $1,219 $24,800 $0 $0
2024 $1,219 $21,200 $0 $0
2023 $1,183 $16,800 $0 $0
2022 $1,020 $14,900 $0 $0
2021 $1,226 $11,300 $0 $0
2020 $1,284 $11,800 $0 $0
2019 $1,151 $10,300 $0 $0
2018 $636 $9,800 $0 $0
2017 $96 $8,700 $0 $0
2016 $685 $5,900 $0 $0
2015 $590 $5,900 $0 $0
2013 $777 $8,355 $0 $0
2010 -- $11,972 $615 $11,357
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2019

    Frederick Tavolette

    Century 21 Curran & Oberski

    Section Image
  • Ray Carodine

    Buyer's Agent in 2019

    Ray Carodine

    Community Choice Realty Inc

    (248) 497-8787

    1 in this area

    64 Total Sales

    Ray Carodine
    Section Image
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Map

Source: Realcomp

MLS Number: 219097833

Realcomp

APN: 22-055736-005

Michigan Wayne County Detroit 48228 Joy Community

8882 Rutherford St, Detroit, MI

This home is located at 8882 Rutherford St, Detroit, MI 48228 since 21 September 2019 and is currently estimated at $101,751, approximately $60 per square foot. This property was built in 1949. 8882 Rutherford St is a home located in Wayne County with nearby schools including Bates Academy, 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.

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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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