NOT LISTED FOR SALE

Estimated Value: $970,091

56 Beds
32 Baths
32,476 Sq Ft
$30/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $550,000 $17 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $7,327/month

107 Days on Market

About This Home

As of July 2021

Amazing Opportunity! This 32-Unit apartment building in New Center - minutes from everything going on in the Woodward Corridor. The entire building is in need of full rehab and is waiting for the perfect investor who wants to make a great return on investment after completion. Phase I & II complete and clean on the building and the parking lot to the west of the building.
BATVAI

Last Listed By

Ryan Heward

Golden Key Real Estate License #6502401117 Listed on: 04/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1919

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 79.00x149.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 32 Full Bathrooms
  • 32,476 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W10I001022S

Community Details

Overview

  • 32 Units
  • Herbert L Bakers Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,703

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 4-10 Story
  • Year Built: 1919
  • State Equalized Value: 310000.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 32.00
  • Full Bathrooms: 32
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 32476
  • Total Sq Ft: 32476
  • Sq Ft Total Bsmt: 8000

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 20
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.27
  • Lot Dimensions: 79.00X149.00
  • Parcel Number: W10I001022S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 8674.0000
  • Tax Amount Winter: 1029.0000
  • Total Tax: 9703.0000
  • Taxable Value: 108519.0000

Multi Family

  • Number Of Units Total: 32
  • Number of One Bedroom Units: 8
  • Number of Two Bedroom Units: 24

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jul 30, 2021
Sold by
Mr Capital Investments Llc
Bought by
Chief Singing Water Reservation Mickey D
Seller's Agent
Ryan Heward
Golden Key Real Estate
Buyer's Agent
Ryan Heward
Golden Key Real Estate
List Price
$799,000
Sold Price
$550,000
Premium/Discount to List
-$249,000
-31.16%
Total Days on Market
107
Current Estimated Value
$970,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,091

Purchase Details

Closed on
Jul 17, 2017
Sold by
Zhou Ping and Zhang Xiangang
Bought by
Mr Capital Investments Llc

Purchase Details

Closed on
Aug 8, 2016
Sold by
Pom Investors Llc
Bought by
Zhou Ping

Purchase Details

Closed on
Jun 29, 2016
Sold by
Zhou Ping and Zhou Xiuqing
Bought by
Pom Investors Llc

Purchase Details

Closed on
Jun 6, 2016
Sold by
Dong Jinhuan
Bought by
Zhou Ping

Purchase Details

Closed on
Dec 7, 2015
Sold by
Pom Investors Llc
Bought by
Dong Jinhuan and Zhou Xiuqing

Purchase Details

Closed on
Dec 4, 2015
Sold by
Stanton Place Llc
Bought by
Pom Investors Llc

Purchase Details

Closed on
Aug 19, 2013
Sold by
Motor City Holding Company Llc
Bought by
Stanton Place Llc

Purchase Details

Closed on
Aug 16, 2013
Sold by
Gu Wenlei
Bought by
Motor City Holding Company Llc

Purchase Details

Closed on
Jul 17, 2013
Sold by
Smith Nate
Bought by
Gu Wenlei

Purchase Details

Closed on
Mar 28, 2012
Sold by
Gu Wenlei
Bought by
Smith Nate

Purchase Details

Closed on
Dec 24, 2009
Sold by
Futurenet Developer Llc
Bought by
Gu Wenlei

Purchase Details

Closed on
Feb 13, 2009
Sold by
Lula Belle Stewart Center Inc
Bought by
Futurenet Developer Llc

Range of Values:

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Average Value
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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
Chief Singing Water Reservation Mickey D $550,000 Tc
Mr Capital Investments Llc $27,000 Lending Edge Title Agency
Zhou Ping $900,000 Attorney
Pom Investors Llc -- None Available
Zhou Ping -- None Available
Dong Jinhuan $900,000 None Available
Pom Investors Llc $270,000 Attorney
Stanton Place Llc $140,000 Fidelity National Title
Motor City Holding Company Llc $50,000 Fidelity National Title
Gu Wenlei -- Fidelity National Title
Smith Nate -- Owners Title Agency Llc
Gu Wenlei $340,000 None Available
Futurenet Developer Llc $133,100 Stewart Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $550,000 -31.2% $17 / Sq Ft
04/13/2021 04/13/21 For Sale $799,000 -- $25 / 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 $22,940 $460,000 $0 $0
2023 $22,330 $381,900 $0 $0
2022 $49,740 $590,700 $0 $0
2021 $9,707 $384,000 $0 $0
2020 $9,703 $310,000 $0 $0
2019 $9,525 $294,500 $0 $0
2018 $8,107 $104,000 $0 $0
2017 $1,834 $97,200 $0 $0
2016 $9,378 $738,200 $0 $0
2015 $9,575 $95,750 $0 $0
2013 $19,153 $191,529 $0 $0
2010 -- $206,271 $17,558 $188,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210025343

Realcomp

APN: 10-001022