$23,000
SOLD NOV 9, 2017
4 Beds
2 Baths
2,076 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$11 Per Sq Ft

8% Below List Price

32 Days on Market

Highlights

  • Covered Patio or Porch
  • Cass Technical High School Rated 10
  • Heating System Uses Steam

About This Home

As of November 2018

Here is an opportunity to own this 2 family flat, live in one rent out the other, or rent out both to receive cash flow. Each unit has 2 bedrooms with some updates. ****Need 24 hour notice to show**** Tenant occupied****

Last Agent to Sell the Property

James Simmons

O'Connor Realty Detroit, LLC License #6501345452 Listed on: 07/29/2017

Last Buyer's Agent

Shane Parker

S&P Realty License #6501397534

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

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

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

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

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Martindale Subdivision

Listing and Financial Details

  • Assessor Parcel Number W14I007503S

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • 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: Private
  • Sq Ft Combined: 2076
  • Total Sq Ft: 2076
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 311250.0000
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X122.00
  • Parcel Number: W14I007503S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 550

Tax Info

  • Tax Amount Summer: 1089.0000
  • Tax Amount Winter: 111.0000
  • Total Tax: 1200.0000

Multi Family

  • Gross Scheduled Income: 13200.00
  • 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%
Current Estimated Value
$123,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,719
Avg. Annual Appreciation
14.67%
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 Type Sale Price Title Company
Warranty Deed $50,000 None Available
Warranty Deed $23,000 Progressive Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $55,000 Unknown
Closed $40,000 Purchase Money Mortgage
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: 217066979

Realcomp

APN: 14-007503