NOT LISTED FOR SALE

1400 Michigan Ave Detroit, MI 48216

Corktown Neighborhood

Estimated Value: $162,968

-- Bed
-- Bath
6,364 Sq Ft
$26/Sq Ft Est. Value

About This Home

This home is located at 1400 Michigan Ave, Detroit, MI 48216 and is currently estimated at $162,968, approximately $25 per square foot. 1400 Michigan Ave is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2019
Sold by
J & B Development Company Llc
Bought by
1400 Michigan Ave Llc
Current Estimated Value
$162,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Outstanding Balance
$5,354,643
Interest Rate
3.8%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 7, 2010
Sold by
Livi Schwartz Arthur
Bought by
J & B Development Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.01%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
1400 Michigan Ave Llc -- First American Title Ins Co
J & B Development Co Llc $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1400 Michigan Ave Llc $6,000,000
Previous Owner J & B Development Company Llc $200,000
Source: Public Records

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 $4,112 $72,400 $0 $0
2023 $4,014 $67,400 $0 $0
2022 $4,305 $58,900 $0 $0
2021 $4,163 $50,500 $0 $0
2020 $4,968 $42,100 $0 $0
2019 $2,252 $135,300 $0 $0
2018 $1,981 $21,000 $0 $0
2017 $369 $19,600 $0 $0
2016 $2,167 $177,400 $0 $0
2015 $1,930 $19,300 $0 $0
2013 $1,927 $19,266 $0 $0
2010 -- $20,748 $6,685 $14,063
Source: Public Records

Map

Michigan Wayne County Detroit 48216 Corktown

1400 Michigan Ave, Detroit, MI

Homes for Sale in Detroit, MI

This home is located at 1400 Michigan Ave, Detroit, MI 48216 and is currently estimated at $162,968, approximately $25 per square foot. 1400 Michigan Ave is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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