NOT LISTED FOR SALE

Estimated Value: $111,000 - $233,087

8 Beds
4 Baths
3,600 Sq Ft
$41/Sq Ft Est. Value

Last Sold January 22, 2018

Last sale price $55,000 $15 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $942/month

24 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • 3-minute walk to Richard Allen Park (formerly Nardin Park)

About This Home

As of January 2018

HIGHEST AND BEST OFFER BY MONDAY 12/18/17 NOON. Investors Special! Fully Occupied quad brick multi-family. Four units which include 2 Bedrooms and 1 Bath in each unit. This will not last long, immediate income with long term tenants. Tenant(s) have 5 year lease. DO NOT DISTURB THE TENANTS. Do not miss out on this great opportunity. Seller is motivated.

Last Agent to Sell the Property

Sherita Moorer

SIM Realty Group, LLC License #6502414240 Listed on: 12/05/2017

Last Buyer's Agent

Sherita Moorer

SIM Realty Group, LLC License #6502414240 Listed on: 12/05/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x120.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,600 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement

Utilities

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

Community Details

  • 4 Units
  • Nardin Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W16I005231S

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 4-10 Story
  • Assessment: 1335.14
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3600
  • Total Sq Ft: 3600
  • Sq Ft Total Bsmt: 1300

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 504545.4545
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X120.00
  • Parcel Number: W16I005231S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 1215.0000
  • Tax Amount Winter: 1465.0000
  • Total Tax: 2680.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2020
Sold by
Sarkar Maitreyee P and Sarkar Maitreyce Paula
Bought by
Diar Global Llc
Current Estimated Value
$147,272

Purchase Details

Listed on
Dec 5, 2017
Closed on
Jan 18, 2018
Sold by
Clark Juan and Progress Transitional
Bought by
Sarkar Maitreyee Paula
Seller's Agent
Sherita Moorer
SIM Realty Group, LLC
Buyer's Agent
Sherita Moorer
SIM Realty Group, LLC
List Price
$55,500
Sold Price
$55,000
Premium/Discount to List
-$500
-0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.87%

Purchase Details

Closed on
Apr 13, 2013
Sold by
Thompson Rosalyn
Bought by
Progress Transitional Nonprofit Housing

Purchase Details

Closed on
Apr 12, 2013
Sold by
Thompson Rosalyn
Bought by
Progress Transitional Nonprofit Housing

Purchase Details

Closed on
Apr 2, 2011
Sold by
Ritter Michelle
Bought by
Thompson Rosalyn

Purchase Details

Closed on
Apr 30, 2009
Sold by
National Asset Management Group Llc
Bought by
Ritter Michele

Purchase Details

Closed on
Jan 6, 2009
Sold by
American Home Mortgage Servicing Inc
Bought by
National Asset Management Group Llc

Purchase Details

Closed on
Sep 19, 2007
Sold by
Harris Teyoune J
Bought by
Wells Fargo Bank Na and Holders Of Asset Backed Securities Corp

Purchase Details

Closed on
Apr 22, 2005
Sold by
Boulware Ronald L and Boulware Carole B
Bought by
Harris Teyoune J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 2005
Sold by
Jones Earnest and Jones Bernice D
Bought by
Boulware Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.5%
Mortgage Type
Unknown
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
Diar Global Llc -- None Available
Sarkar Maitreyee Paula $55,000 None Available
Progress Transitional Nonprofit Housing $30,000 Title Connect Llc
Progress Transitional Nonprofit Housing -- Title Connect Llc
Thompson Rosalyn -- Great Lakes Title Of Michiga
Ritter Michele $6,000 Madison Title Agency Llc
National Asset Management Group Llc $2,250 None Available
Wells Fargo Bank Na $61,200 None Available
Harris Teyoune J $70,000 Commonwealth Land Title
Boulware Ronald $20,000 Commonwealth Land Title
Ronald L Boulware Living Trust -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diar Global Llc $86,900
Previous Owner Harris Teyoune J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $55,000 -0.9% $15 / Sq Ft
12/29/2017 12/29/17 Pending -- -- --
12/05/2017 12/05/17 For Sale $55,500 -- $15 / 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 $1,691 $35,500 $0 $0
2024 $1,691 $29,700 $0 $0
2023 $1,643 $24,100 $0 $0
2022 $1,757 $22,900 $0 $0
2021 $1,707 $16,800 $0 $0
2020 $1,844 $21,600 $0 $0
2019 $1,815 $17,800 $0 $0
2018 $1,236 $16,700 $0 $0
2017 $2,345 $15,200 $0 $0
2016 $2,680 $63,800 $0 $0
2015 $1,190 $11,900 $0 $0
2013 $1,654 $16,544 $0 $0
2010 -- $23,704 $874 $22,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217107505

Realcomp

APN: 16-005231