NOT LISTED FOR SALE

Estimated Value: $91,000 - $99,000

3 Beds
2.5 Baths
1,704 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $104,000 $61 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $595/month

22 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 2 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of October 2023

OPPORTUNITY KNOCKS!! MULTIFAMILY HOME LOOKING FOR A NEW OWNER!! LIVE IN THE UPPER UNIT AND COLLECT RENT FROM THE LOWER OR RENT OUT THE UPPER UNIT AND HAVE A SOLID ASSET BRINGING IN A PHENOMENAL RETURN ON YOUR INVESTMENT! LOWER UNIT IS RENTED SECTION 8 FOR $967 PER MONTH. UPPER UNIT IS CURRENTLY VACANT. LOWER UNIT IS A 2 BEDROOM UNIT, UPPER UNIT IS A ONE BEDROOM, IT COULD EASILY RENT FOR $900 A MONTH ON SECTION 8 AS WELL. INQUIRE TODAY!

Last Agent to Sell the Property

Jay Kabbani

Keller Williams Legacy License #6501401180 Listed on: 08/16/2023

Keller Williams Legacy

Last Buyer's Agent

Jay Kabbani

Keller Williams Legacy License #6501401180 Listed on: 08/16/2023

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929 | Remodeled in 2022

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 42.00 x 118.00

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,704 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W21I070509S
  • $3,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Morangs Three Mile Dr Annex Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,145

Year Built

Built in 1929 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1929
  • State Equalized Value: 21800.0000
  • Year Renovated: 2022
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1704
  • Total Sq Ft: 1704
  • Sq Ft Total Bsmt: 963

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 42
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

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

Fee Information

  • Operating Expense: 4000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 42.00 x 118.00
  • Parcel Number: W21I070509S
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 967

Tax Info

  • Tax Amount Summer: 1940.0000
  • Tax Amount Winter: 205.0000
  • Total Tax: 2145.0000
  • Taxable Value: 21800.0000

Multi Family

  • Gross Scheduled Income: 11604.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Oct 11, 2023
Sold by
Cero Descensos Llc
Bought by
Mcdermott Sadiki
Seller's Agent
Jay Kabbani
Keller Williams Legacy
Buyer's Agent
Jay Kabbani
Keller Williams Legacy
List Price
$108,000
Sold Price
$104,000
Premium/Discount to List
-$4,000
-3.7%
Views
42
Current Estimated Value
$94,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,970
Avg. Annual Appreciation
-4.94%
Original Mortgage
$78,000
Outstanding Balance
$76,520
Interest Rate
7.31%
Mortgage Type
Construction
Estimated Equity
$17,510

Purchase Details

Closed on
Oct 27, 2021
Sold by
Harmon Jerry
Bought by
9152 Devonshire Llc

Purchase Details

Closed on
Nov 25, 2003
Sold by
West One Properties Ltd
Bought by
9152 Devonshire 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
Mcdermott Sadiki $104,000 Regions Title
Mcdermott Sadiki $104,000 Regions Title
9152 Devonshire Llc -- None Available
Cero Descensos Llc $75,000 Regions Title Agency Llc
9152 Devonshire Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermott Sadiki $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2023 10/12/23 Sold $104,000 -3.7% $61 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $108,000 -- $63 / 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 $2,909 $42,000 $0 $0
2024 $2,909 $35,300 $0 $0
2023 $2,002 $28,200 $0 $0
2022 $2,346 $21,800 $0 $0
2021 $744 $17,900 $0 $0
2020 $744 $17,100 $0 $0
2019 $734 $14,600 $0 $0
2018 $660 $12,200 $0 $0
2017 $101 $11,300 $0 $0
2016 $811 $16,900 $0 $0
2015 $528 $16,900 $0 $0
2013 $512 $18,752 $0 $0
2010 -- $27,493 $1,310 $26,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230068635

Realcomp

APN: 21-070509