NOT LISTED FOR SALE

Estimated Value: $527,000 - $866,000

5 Beds
4 Baths
2,919 Sq Ft
$223/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $470,000 $161 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,521/month

20 Days on Market

Highlights

  • Deck
  • Farmhouse Style Home
  • 1-minute walk to 4th & Calumet Park
  • Cass Technical High School Rated 10
  • Porch

About This Home

As of November 2021

Rare Midtown four-unit multifamily! Perfect for live-in owner or as an addition to your rental portfolio. Cash-positive property, pro forma available upon request. Tenants can walk to Wayne State, award winning restaurants and classic Midtown bars. Markets, coffee shops, retail galore. This is your chance to own a piece of the heart of Midtown! Owner has put lots of love into this property; newer roof, newer boiler, brand new hot water heater. New decks. Please contact Garrett with any questions. Preapproval or POF required prior to showing. Please do not disturb tenants. Three of four units currently occupied, two to be vacated within months.

Last Agent to Sell the Property

Garrett Blair

Douglas Rose Realty License #6501426013 Listed on: 08/19/2021

Co-Listed By

Todd Sykes

Berkshire Hathaway HomeServices The Loft Warehouse License #6501379736

Last Buyer's Agent

Katie Wheeler

Match Realty LLC License #RCO-6501400563

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1892

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x100.00

Parking

  • On-Street Parking

Home Design

  • Farmhouse Style Home
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,919 Sq Ft Home
  • 2-Story Property

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W04I000872S

Community Details

Overview

  • 4 Units
  • Plat Of The Rear Of Forsyth Farm Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,446

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Farmhouse
  • Architecture Level: 2 Story
  • Year Built: 1892
  • State Equalized Value: 84900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 2919
  • Total Sq Ft: 2919

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X100.00
  • Parcel Number: W04I000872S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Heat, Electric, Internet, Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Monthly Rental Income: 4900

Tax Info

  • Tax Amount Summer: 1283.0000
  • Tax Amount Winter: 163.0000
  • Total Tax: 1446.0000
  • Taxable Value: 17151.0000

Multi Family

  • Gross Scheduled Income: 58800.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Nov 4, 2021
Sold by
Brownlee Betty J
Bought by
Egoavil Felipe Alfonso and Parodi Erika
Seller's Agent
Garrett Blair
Douglas Rose Realty
Buyer's Agent
Katie Wheeler
Match Realty LLC
List Price
$495,000
Sold Price
$470,000
Premium/Discount to List
-$25,000
-5.05%
Total Days on Market
20
Current Estimated Value
$652,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,143
Avg. Annual Appreciation
9.83%
Original Mortgage
$352,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2005
Sold by
Campbell Carol and Campbell Carol A
Bought by
Brownlee Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
6.04%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Egoavil Felipe Alfonso $470,000 Real Estate Title
Brownlee Betty J $125,000 Colonial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Egoavil Felipe Alfonso $352,500
Previous Owner Brownlee Betty $144,000
Previous Owner Brownlee Betty $118,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $470,000 -5.1% $161 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $495,000 -- $170 / 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
2024 $10,316 $261,300 $0 $0
2023 $10,024 $219,800 $0 $0
2022 $11,185 $155,900 $0 $0
2021 $1,462 $93,400 $0 $0
2020 $1,446 $84,900 $0 $0
2019 $1,424 $70,200 $0 $0
2018 $1,207 $24,600 $0 $0
2017 $305 $16,100 $0 $0
2016 $2,398 $77,500 $0 $0
2015 $3,040 $30,400 $0 $0
2013 $3,196 $31,957 $0 $0
2010 -- $46,853 $7,500 $39,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210068036

Realcomp

APN: 04-000872