NOT LISTED FOR SALE

Estimated Value: $58,000 - $147,000

8 Beds
4 Baths
3,226 Sq Ft
$32/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $3,800 $1 Per Sq Ft

Est. 2,597% increase in value since last sale

Current estimated payment $554/month

301 Days on Market

About This Home

As of May 2023

Welcome to the latest offering from the Detroit Land Bank Authority. 4 unit Brick Quadruplex in a up and coming neighborhood. This property needs a full rehab. Show with caution. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Last Agent to Sell the Property

Gene Kelley

Real Estate One-Southfield License #6501293908 Listed on: 11/23/2021

Real Estate One-Southfield

Co-Listed By

Patricia Phillips

Real Estate One-Southfield License #6506029243

Last Buyer's Agent

Gene Kelley

Real Estate One-Southfield License #6501293908 Listed on: 11/23/2021

Real Estate One-Southfield

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 45.00x120.00

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,226 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W14I011954S

Community Details

Overview

  • 4 Units
  • Ravenswood Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1919
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3826
  • Sq Ft Lower Floor: 600
  • Total Sq Ft: 3226
  • Sq Ft Total Bsmt: 600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 25
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 45.00X120.00
  • Parcel Number: W14I011954S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Multi Family

  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Apr 25, 2023
Sold by
Detroit Land Bank Authority
Bought by
Miranda Altagracia
Seller's Agent
Gene Kelley
Real Estate One-Southfield
Buyer's Agent
Gene Kelley
Real Estate One-Southfield
List Price
$3,750
Sold Price
$3,800
Premium/Discount to List
$50
1.33%
Views
21
Current Estimated Value
$102,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,700
Avg. Annual Appreciation
293.43%

Purchase Details

Closed on
Jan 12, 2017
Sold by
Sabree Eric R
Bought by
Detroit Land Bank Authority
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
Miranda Altagracia $3,800 None Listed On Document
Detroit Land Bank Authority -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2023 05/10/23 Sold $3,800 +1.3% $1 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
11/23/2021 11/23/21 For Sale $3,750 -- $1 / 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 -- $1,000 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $1,129 $0 $0 $0
2019 $1,129 $0 $0 $0
2018 $0 $14,900 $0 $0
2017 $130 $13,700 $0 $0
2016 $945 $57,400 $0 $0
2015 $720 $7,200 $0 $0
2013 $1,003 $10,029 $0 $0
2010 -- $14,371 $718 $13,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210096676

Realcomp

APN: 14-011954