NOT LISTED FOR SALE

8892 Brace St Unit Bldg-Unit Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $62,000 - $118,000

-- Bed
1 Bath
808 Sq Ft
$104/Sq Ft Est. Value

About This Home

This home is located at 8892 Brace St Unit Bldg-Unit, Detroit, MI 48228 and is currently estimated at $83,667, approximately $103 per square foot. 8892 Brace St Unit Bldg-Unit 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2025
Sold by
Arreis Holdings Llc
Bought by
Price Rite Investments Llc
Current Estimated Value
$83,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Outstanding Balance
$23,734
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$59,933

Purchase Details

Closed on
Aug 16, 2024
Sold by
National Faith Homebuyers
Bought by
Arreis Holdings Llc

Purchase Details

Closed on
Jan 19, 2018
Sold by
Wayne County Land Bank Corporation
Bought by
National Faith Homebuyers

Purchase Details

Closed on
Aug 30, 2017
Sold by
County Of Wayne
Bought by
Wayne County Land Bank Corp

Purchase Details

Closed on
Aug 29, 2017
Sold by
Sabree Eric R
Bought by
County Of Wayne
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Price Rite Investments Llc $312,000 None Listed On Document
Price Rite Investments Llc $312,000 None Listed On Document
Arreis Holdings Llc $110,000 Vanguard Title
National Faith Homebuyers $28,613 None Available
Wayne County Land Bank Corp -- None Available
County Of Wayne $3,507 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Rite Investments Llc $46,800
Closed Price Rite Investments Llc $46,800
Open Price Rite Investments Llc $234,000
Closed Price Rite Investments Llc $234,000
Source: Public Records

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 $1,012 $18,000 $0 $0
2024 $1,012 $21,100 $0 $0
2023 $982 $17,000 $0 $0
2022 $1,042 $13,500 $0 $0
2021 $1,016 $10,500 $0 $0
2020 $1,015 $9,600 $0 $0
2019 $1,001 $8,600 $0 $0
2018 $240 $0 $0 $0
2017 $146 $7,700 $0 $0
2016 $1,005 $12,700 $0 $0
2015 $1,270 $12,700 $0 $0
2013 $1,719 $17,798 $0 $0
2010 -- $25,502 $972 $24,530
Source: Public Records

Map

Michigan Wayne County Detroit 48228 Franklin Park

8892 Brace St Unit Bldg-Unit, Detroit, MI

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