NOT LISTED FOR SALE

Estimated Value: $87,000 - $134,000

3 Beds
2 Baths
1,807 Sq Ft
$62/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $120,000 $66 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $798/month

28 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 4-minute walk to Phelps Playground
  • Cass Technical High School Rated 10

About This Home

As of August 2022

Great investment opportunity for an investor or owner occupant! The lower unit is occupied with a tenant, leased until 3/31/23, rent is $900 plus $45 for water, tenant pays own electricity and gas. Upper unit is recently vacant. Move in to the upper unit and continue to rent out the lower unit or bring your new tenant! Both units have updated kitchens, are freshly painted and carpeted throughout. Upper unit has an enclosed balcony. Lower unit has a formal dining rm and eat-in kitchen. Two-car garage and basement are shared spaces with a half bath in the basement and plenty of storage. Washer and dryer included and shared between units! This is a true multi-family! Each unit has its own mechanics, electric and gas meters but there is only one/shared water meter. Pictures are of the vacant upper unit and the lower unit prior to tenant moving in. All measurements are estimated, Agents/Buyers to verify all info. Listing broker to hold EMD, no exceptions. Buyer to assume any city required repairs, including inspections. ***Please do not disturb the tenants of the occupied unit*** This property is under professional property management.

Last Agent to Sell the Property

Sandra McGee

The Home Store Inc. License #6501350241 Listed on: 05/25/2022

Last Buyer's Agent

Jonathan McCaffrey

GoodHome Realty LLC License #6501437968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1939

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x125.00

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,807 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W22I027504S

Community Details

Overview

  • 2 Units
  • Buckingham Park Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,343

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1939
  • State Equalized Value: 17700.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1807
  • Total Sq Ft: 1807
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X125.00
  • Parcel Number: W22I027504S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 1195.0000
  • Tax Amount Winter: 148.0000
  • Total Tax: 1343.0000

Multi Family

  • Gross Scheduled Income: 19200.00
  • 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
May 25, 2022
Closed on
Aug 11, 2022
Sold by
Your Better Housing Llc
Bought by
Mccaffrey Jason P
Seller's Agent
Sandra McGee
The Home Store Inc.
Buyer's Agent
Jonathan McCaffrey
GoodHome Realty LLC
List Price
$119,900
Sold Price
$120,000
Premium/Discount to List
$100
0.08%
Current Estimated Value
$112,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,838
Avg. Annual Appreciation
-2.37%
Original Mortgage
$90,000
Outstanding Balance
$86,730
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$24,892

Purchase Details

Closed on
Jan 25, 2019
Sold by
Pfaff Michael
Bought by
Your Better Housing Llc

Purchase Details

Closed on
Sep 5, 2018
Sold by
Gwh Properties Llc
Bought by
Pfaff Michael

Purchase Details

Closed on
Feb 17, 2017
Sold by
Manna Development Corporatin
Bought by
Gwh Properties Llc

Purchase Details

Closed on
Feb 23, 2015
Sold by
Fannie Mae
Bought by
Manna Development Corporation

Purchase Details

Closed on
Feb 12, 2014
Sold by
Wells Fargo Bank Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 6, 2014
Sold by
Davis Naomi
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 10, 2006
Sold by
Davis Naomi and Davis Willie H
Bought by
Davis Naomi

Purchase Details

Closed on
Mar 31, 2004
Sold by
Davis Naomi and Davis Willie H
Bought by
Davis Naomi
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
Mccaffrey Jason P $120,000 None Listed On Document
Your Better Housing Llc -- None Available
Pfaff Michael $82,250 None Available
Gwh Properties Llc $10,000 Title Connect Llc
Manna Development Corporation $15,000 None Available
Fannie Mae -- None Available
Wells Fargo Bank Na $42,172 None Available
Davis Naomi -- None Available
Davis Naomi -- Title Giant Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccaffrey Jason P $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2022 08/11/22 Sold $120,000 +0.9% $66 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/13/2022 06/13/22 Price Changed $118,900 -0.8% $66 / Sq Ft
05/25/2022 05/25/22 For Sale $119,900 0.0% $66 / Sq Ft
04/30/2021 04/30/21 Rented $575 0.0% --
04/28/2021 04/28/21 Under Contract -- -- --
04/11/2021 04/11/21 For Rent $575 0.0% --
03/19/2021 03/19/21 Under Contract -- -- --
03/03/2021 03/03/21 For Rent $575 -17.9% --
11/23/2020 11/23/20 Rented $700 0.0% --
11/13/2020 11/13/20 Under Contract -- -- --
11/10/2020 11/10/20 For Rent $700 -- --
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 $2,243 $37,400 $0 $0
2024 $2,243 $31,500 $0 $0
2023 $2,180 $25,200 $0 $0
2022 $1,659 $21,200 $0 $0
2021 $1,612 $17,700 $0 $0
2020 $1,612 $15,500 $0 $0
2019 $1,355 $12,600 $0 $0
2018 $1,279 $12,200 $0 $0
2017 $163 $11,900 $0 $0
2016 $1,096 $10,000 $0 $0
2015 $1,000 $10,000 $0 $0
2013 $1,398 $13,977 $0 $0
2010 -- $20,027 $777 $19,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220040632

Realcomp

APN: 22-027504