NOT LISTED FOR SALE

955 Coolidge Hwy River Rouge, MI 48218

Estimated Value: $154,352 - $200,000

4 Beds
2.5 Baths
1,867 Sq Ft
$93/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $135,000 $72 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,210/month

72 Days on Market

About This Home

As of April 2023

This one is a cash cow! Will yield you no less than $1900 per month total. Upper & Lower units are vacant. Lower was paying $1,000 per month. Upper was paying $900 per month. This property is a beautiful piece of history. Built solid. If you want to house hack you can! Live in the lower and rent the upper or vice versa! Enjoy the view from the balcony on the upper unit. If you are an investor here is your chance for a solid investment. We have an excellent property management company we can refer to you. Showings for upper unit available only after an accepted offer. Lower unit is available now to see. IF OFFERING LAND CONTRACT MUST BE 50% DOWN. Call for a showing! (MORE PICS OF INSIDE COMING SOON)

Last Agent to Sell the Property

Sotero Lopez II

EXP Realty Main License #6501379765 Listed on: 12/23/2022

EXP Realty Main

Last Buyer's Agent

Mikaela Vaughn

United Real Estate Detroit LLC License #6501439357

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1908

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 33.00 x 100.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,867 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 50005090014000

Community Details

Overview

  • 2 Units
  • Burke And Riopelles Grand Central Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,679

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 593.00
  • Year Built: 1908
  • State Equalized Value: 30300.0000
  • Pets Allowed: Yes
  • Special Features: None
  • 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: 1867
  • Total Sq Ft: 1867
  • Sq Ft Total Bsmt: 816

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 20
  • Road Frontage Type: Paved

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 33.00 x 100.00
  • Parcel Number: 50005090014000
  • Zoning: Multi-Family, Residential

Rental Info

  • Deposit Amount: 75000.00
  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 2037.0000
  • Tax Amount Winter: 642.0000
  • Total Tax: 2679.0000
  • Taxable Value: 20919.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2023
Sold by
Abobo Esther
Bought by
Lvhb2 Llc
Current Estimated Value
$173,338

Purchase Details

Listed on
Dec 23, 2022
Closed on
Apr 26, 2023
Sold by
Hp Snap Downriver Llc
Bought by
Abobo Esther
Seller's Agent
Sotero Lopez II
EXP Realty Main
Buyer's Agent
Mikaela Vaughn
United Real Estate Detroit LLC
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%
Views
230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%
Original Mortgage
$101,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
The City Of River Rouge A Municipal Corp
Bought by
Hp Snap Downriver Llc

Purchase Details

Closed on
Aug 10, 2018
Sold by
Sabree Eric R
Bought by
City Of River Rouge

Purchase Details

Closed on
Jan 22, 2015
Sold by
Mph Llc
Bought by
Argertian Real Estate Deals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,700
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2014
Closed on
Oct 17, 2014
Sold by
Platinum Real Estate Holdings Llc
Bought by
Mph Llc
Seller's Agent
Brian Carolan
Coldwell Banker Realty Solutions
Buyer's Agent
Brian Carolan
Coldwell Banker Realty Solutions
List Price
$24,900
Sold Price
$18,500
Premium/Discount to List
-$6,400
-25.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.67%

Purchase Details

Listed on
Jun 17, 2014
Closed on
Oct 3, 2014
Sold by
Zapata Blanca A and Zapata Sotero
Bought by
Platitum Real Estate Holdings Llc
Seller's Agent
Brian Carolan
Coldwell Banker Realty Solutions
Buyer's Agent
Brian Carolan
Coldwell Banker Realty Solutions
List Price
$24,900
Sold Price
$18,500
Premium/Discount to List
-$6,400
-25.7%

Purchase Details

Closed on
May 20, 2003
Sold by
Wancha Robert C
Bought by
Zapata Sotero
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
Lvhb2 Llc -- None Listed On Document
Abobo Esther $135,000 Speedy Title & Escrow Services
Hp Snap Downriver Llc -- None Available
City Of River Rouge $4,869 None Available
Argertian Real Estate Deals Llc $70,750 None Available
Mph Llc $45,000 None Available
Platitum Real Estate Holdings Llc $18,500 First American Title Ins Co
Zapata Sotero $17,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abobo Esther $101,250
Previous Owner Argertian Real Estate Deals Llc $55,700
Previous Owner Argentian Real Estate Deals Llc $55,700
Previous Owner Zapata Sotero $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $135,000 -3.5% $72 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
12/23/2022 12/23/22 For Sale $139,900 0.0% $75 / Sq Ft
02/09/2020 02/09/20 Rented $750 0.0% --
12/16/2019 12/16/19 For Rent $750 0.0% --
10/06/2014 10/06/14 Sold $18,500 -25.7% $10 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $24,900 -- $13 / 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 $3,428 $58,200 $0 $0
2024 $3,428 $49,900 $0 $0
2023 $1,509 $39,200 $0 $0
2022 $2,699 $30,300 $0 $0
2021 $2,035 $25,700 $0 $0
2020 $2,048 $21,800 $0 $0
2019 $1,396 $19,600 $0 $0
2018 $1,595 $17,300 $0 $0
2017 $1,128 $17,600 $0 $0
2016 $1,860 $18,200 $0 $0
2015 $2,290 $22,900 $0 $0
2013 $3,580 $37,600 $0 $0
2012 $3,223 $36,400 $3,200 $33,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221069495

Realcomp

APN: 50-005-09-0014-000