NOT LISTED FOR SALE

8955 Otsego St Detroit, MI 48204

Petoskey-Otsego Neighborhood

Estimated Value: $88,000 - $200,000

8 Beds
4 Baths
3,534 Sq Ft
$43/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $85,000 $24 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $927/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 3-minute walk to McShane Playground

About This Home

As of July 2024

4 Unit on Detroit's West Side in the Petoskey-Otsego neighborhood. Each unit features 2 bedrooms, 1 bathroom, living room, dining room and kitchen. Needs some TLC but has great potential! Perfect for all buyers. Live in one unit and rent the rest or add it to your portfolio. Sold as is. BUYER TO PAY $495 PROCESSING FEE TO LISTING BROKER.

Last Agent to Sell the Property

Mikhail Grigoryan

Detroit Progress Realty LLC License #6502425564 Listed on: 05/31/2024

Last Buyer's Agent

James Fedishin

KW Professionals License #6501445178

KW Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4 Full Bathrooms
  • 3,534 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 W14I007310S

Community Details

Overview

  • 4 Units
  • Lambrecht Kelly & Cos Grand River Terminal Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,578

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1926
  • State Equalized Value: 27400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3534
  • Total Sq Ft: 3534
  • Sq Ft Total Bsmt: 1767

Exterior Features

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

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Parcel Number: W14I007310S
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1432.0000
  • Tax Amount Winter: 146.0000
  • Total Tax: 1578.0000
  • Taxable Value: 15484.0000

Multi Family

  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 18, 2024
Sold by
New Artesian Partners Llc
Bought by
8955 Ostego St 1 Llc
Seller's Agent
Mikhail Grigoryan
Detroit Progress Realty LLC
Buyer's Agent
James Fedishin
KW Professionals
List Price
$85,000
Sold Price
$85,000
Views
40
Current Estimated Value
$150,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,946
Avg. Annual Appreciation
14.02%
Original Mortgage
$140,000
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 17, 2023
Sold by
Wayne County Treasurer
Bought by
Newport Assets 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
8955 Ostego St 1 Llc $85,000 None Listed On Document
New Artesian Partners Llc -- None Listed On Document
Newport Assets Llc $19,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8955 Otsego St 1 Llc $285,000
Closed 8955 Ostego St 1 Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $85,000 0.0% $24 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $85,000 -- $24 / 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 $1,475 $41,000 $0 $0
2024 $1,475 $33,900 $0 $0
2023 $1,432 $27,400 $0 $0
2022 $1,529 $24,100 $0 $0
2021 $1,486 $18,400 $0 $0
2020 $1,486 $22,200 $0 $0
2019 $1,463 $17,200 $0 $0
2018 $1,134 $14,300 $0 $0
2017 $251 $13,600 $0 $0
2016 $1,267 $33,100 $0 $0
2015 $1,380 $13,800 $0 $0
2013 $1,521 $19,117 $0 $0
2010 -- $27,390 $692 $26,698
Source: Public Records

Agents Affiliated with this Home

  • Mikhail Grigoryan

    Seller's Agent in 2024

    Mikhail Grigoryan

    Detroit Progress Realty LLC

    (313) 888-6060

    4 in this area

    373 Total Sales

    Mikhail Grigoryan
    Section Image
  • James Fedishin

    Buyer's Agent in 2024

    James Fedishin

    KW Professionals

    (313) 920-4823

    1 in this area

    41 Total Sales

    James Fedishin
    Section Image
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Map

Source: Realcomp

MLS Number: 20240037578

Realcomp

APN: 14-007310

Michigan Wayne County Detroit 48204 Petoskey-Otsego

8955 Otsego St, Detroit, MI

This home is located at 8955 Otsego St, Detroit, MI 48204 since 31 May 2024 and is currently estimated at $150,946, approximately $42 per square foot. This property was built in 1926. 8955 Otsego St is a home located in Wayne County with nearby schools including Thirkell Elementary 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
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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