NOT LISTED FOR SALE

Estimated Value: $92,000 - $147,102

4 Beds
2 Baths
2,076 Sq Ft
$63/Sq Ft Est. Value

Last Sold November 07, 2018

Last sale price $50,000 $24 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $831/month

63 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Fenced
  • Cass Technical High School Rated 10

About This Home

As of November 2018

Turn key property. Standing tenant, package deal options
Each property has been renovated to a good standard, rental income for each property and tenancy record agreement provided on request.

Last Agent to Sell the Property

Roberta Wilson

Max Broock, Realtors®-Northville License #6501315243 Listed on: 08/14/2018

Max Broock, Realtors®-Northville

Last Buyer's Agent

Rich Howard

Coldwell Banker Metro Real Estate License #6501394011

Coldwell Banker Metro Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x122.00
  • Fenced

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,076 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units
  • Martindale Subdivision

Listing and Financial Details

  • Assessor Parcel Number W14I007503S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,197

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1923
  • 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: 2076
  • Total Sq Ft: 2076
  • Sq Ft Total Bsmt: 1038

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Frontage Feet: 30
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 787500.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X122.00
  • Parcel Number: W14I007503S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 1104.0000
  • Tax Amount Winter: 93.0000
  • Total Tax: 1197.0000

Multi Family

  • Gross Scheduled Income: 13800.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • 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
Aug 14, 2018
Closed on
Oct 31, 2018
Sold by
Rockmar Holdings Llc
Bought by
Equity Wealth Builders Detroit Llc
Seller's Agent
Roberta Wilson
Max Broock, Realtors®-Northville
Buyer's Agent
Rich Howard
Coldwell Banker Metro Real Estate
List Price
$63,000
Sold Price
$50,000
Premium/Discount to List
-$13,000
-20.63%
Total Days on Market
63
Current Estimated Value
$130,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,026
Avg. Annual Appreciation
15.60%
Original Mortgage
$40,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 29, 2017
Closed on
Nov 9, 2017
Sold by
Rogers Sonja Cosey
Bought by
Rockmar Holdings Llc
Seller's Agent
James Simmons
O'Connor Realty Detroit, LLC
Buyer's Agent
Shane Parker
S&P Realty
List Price
$24,900
Sold Price
$23,000
Premium/Discount to List
-$1,900
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
119.10%
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
Equity Wealth Builders Detroit Llc $50,000 None Available
Rockmar Holdings Llc $23,000 Progressive Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equity Wealth Builders Llc $55,000
Closed Equity Wealth Builders Detroit Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2018 11/07/18 Sold $50,000 -20.6% $24 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $63,000 0.0% $30 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $63,000 +173.9% $30 / Sq Ft
11/09/2017 11/09/17 Sold $23,000 -7.6% $11 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
08/20/2017 08/20/17 For Sale $24,900 0.0% $12 / Sq Ft
08/03/2017 08/03/17 Pending -- -- --
07/29/2017 07/29/17 For Sale $24,900 -- $12 / 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 $1,536 $40,900 $0 $0
2024 $1,536 $33,800 $0 $0
2023 $1,738 $27,400 $0 $0
2022 $1,851 $22,800 $0 $0
2021 $1,801 $17,500 $0 $0
2020 $1,801 $21,000 $0 $0
2019 $1,774 $16,200 $0 $0
2018 $1,107 $12,900 $0 $0
2017 $185 $12,300 $0 $0
2016 $1,201 $29,900 $0 $0
2015 $965 $12,000 $0 $0
2013 $935 $16,640 $0 $0
2010 -- $23,843 $673 $23,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218078379

Realcomp

APN: 14-007503