NOT LISTED FOR SALE

902 Oak St Wyandotte, MI 48192

Estimated Value: $403,193

10 Beds
8 Baths
5,000 Sq Ft
$81/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $435,000 $87 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,824/month

155 Days on Market

Highlights

  • Dock Facilities
  • Balcony
  • Forced Air Heating System
  • Colonial Architecture
  • Porch
  • 10 Car Garage

About This Home

As of February 2021

Great Income Opportunity with Potential Increases. Located In Downtown Wyandotte, just few Blocks from Henry Ford Wyandotte Hospital, the Detroit River Front, Bishop Park and some of the Finest Restaurants. Consists of 2 Store Fronts, 4 Apartments, 1 House ( 2830 9th Street), 2 Garages, Fenced Yard, Basement, Laundry and Parking Lot with Shed. Seller has Brought Building up to code with Municipality and Fire Department with all new Electrical and Circuit Breakers to be installed. Potential increase in rentals and Store Fronts as well as Garages Income and Shed Income all potential Income.

Last Agent to Sell the Property

Sada Hojaij

RE/MAX Team 2000 License #6501309939 Listed on: 06/27/2020

RE/MAX Team 2000

Last Buyer's Agent

Chris Griffin

Griffin Properties & Management Co License #6504371176

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1930 | Remodeled in 2019

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 48x154
  • Private Entrance
  • Fenced

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 10 Car Garage
  • Lighted Parking
  • On-Street Parking

Outdoor Features

  • Dock Facilities
  • Balcony
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 57013060027001

Community Details

Overview

  • 5 Units
  • Eureka Iron And Steel Works Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,208

Year Built

Built in 1930 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 63.49
  • Year Built: 1930
  • State Equalized Value: 97800.0000
  • Year Renovated: 2019
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 6.20
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private, Unfinished
  • Sq Ft Combined: 5000
  • Total Sq Ft: 5000
  • Sq Ft Total Bsmt: 1650

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Outside Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 48
  • Porch Type: Balcony, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages, Lighted, On Street, Paved
  • Total Parking Spaces: 10

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street, Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Wyandotte

Lot Info

  • List Price per Acre: 2811875.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 48x154
  • Parcel Number: 57013060027001
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Garbage Pickup
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4490

Tax Info

  • Tax Amount Summer: 5274.0000
  • Tax Amount Winter: 1934.0000
  • Total Tax: 7208.0000
  • Taxable Value: 97800.0000

Multi Family

  • Waterfront Features: Dock Facilities
  • Gross Scheduled Income: 53880.00
  • Number Of Units Total: 5
  • Unit Count: 6
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 3
  • Number Of Units Leased: 5

MLS Schools

  • School District: Wyandotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Feb 12, 2021
Sold by
S & I Properties Llc
Bought by
Tec Premises Llc
Seller's Agent
Sada Hojaij
RE/MAX Team 2000
Buyer's Agent
Chris Griffin
Griffin Properties & Management Co
List Price
$449,900
Sold Price
$435,000
Premium/Discount to List
-$14,900
-3.31%
Current Estimated Value
$403,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,807
Avg. Annual Appreciation
-1.84%
Original Mortgage
$300,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2018
Sold by
Kourletakis Hercules M and Kourletakis Sandra
Bought by
S & I Properties Llc

Purchase Details

Closed on
Apr 12, 2013
Sold by
Kourletakis Hercules M and Kourletakis Sandra
Bought by
Kourletakis Hercules M and Kourletakis Sandra

Purchase Details

Closed on
Nov 25, 1992
Sold by
Posa Andrew William and Posa Lois
Bought by
Kourletakis Hercules M
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
Tec Premises Llc $435,000 First American Title Ins Co
S & I Properties Llc $340,000 Michigan Title Ins Agcy Inc
S & I Properties Llc $340,000 Michigan Title Insurance Agenc
Kourletakis Hercules M -- None Available
Kourletakis Hercules M $135,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andronic Sorinel $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $435,000 -3.3% $87 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $449,900 -- $90 / 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 $7,526 $176,100 $0 $0
2024 $7,526 $157,300 $0 $0
2023 $7,176 $145,200 $0 $0
2022 $9,400 $127,900 $0 $0
2021 $7,355 $117,200 $0 $0
2020 $7,253 $102,800 $0 $0
2019 $7,208 $97,800 $0 $0
2018 $4,585 $93,500 $0 $0
2017 $3,184 $93,500 $0 $0
2016 $6,112 $89,500 $0 $0
2015 $8,229 $92,300 $0 $0
2013 $7,972 $94,700 $0 $0
2012 $3,798 $91,100 $13,300 $77,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200046156

Realcomp

APN: 57-013-06-0027-001