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26598 East Carnegie Park Drive

26598 East Carnegie Park Drive, Southfield, MI 48034
Property in Southfield
Sold Aug 20, 2015
Transfer
$8,265,000 by Wintrust Bank Na
Mortgage Due Jun 27, 2026
Sold Mar 22, 2012
Transfer
$5,640,000 by The Northern Trust Company
Mortgage
26598 East Carnegie Park Drive has been categorized by the local assessors in Southfield, MI as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The building has a total of 3 stories. The area measurement of the land has been determined as 255,262 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $336,053 in taxes each year. 26598 East Carnegie Park Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $5,341,940. If we break it down further, the land itself was valued at $446,710. Improvements to the property, however, were assessed at a total of $4,895,230. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Building Quality: B
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 255,262
  • Total Building Area: 123
  • Gross Building Area: 123
  • Building Area: 123
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE CARNEGIE PARK APARTMENTS
  • Land Acres: 5.86
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: T1N, R10E, SEC 18 PART OF S 1/2 OF SEC BEG AT PT DIST E 78.74 FT & N 60 FT & E 574.57 FT FROM S 1/4 COR, TH N 61.29 FT, TH

Ownership

  • Current Owner : SG CARNEGIE PARK LLC
  • Previous Owner : CPI APARTMENT FUND 2012 LLC
  • Owner Before Previous Owner: 21ST CENTURY CP LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Southfield Public School District
  • School Tax School District: 63060
  • Census Tract: 160900

Zoning

  • Zoning: RC

Geography

  • District: 76
  • Section: 18
  • Parcel: 76-24-18-400-033
  • Meridian: SEC 18 TWN 01N RNG 10E
  • Municipality: SOUTHFIELD CITY
  • Latitude: 42.4869
  • Longitude: -83.3062

    Address

  • Full Address: 26598 E Carnegie Park Dr
  • Address - House Number: 26598
  • Street Direction: E
  • Address - Street Name: Carnegie Park
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Southfield
  • Zip Code: 48034

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $336,053

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $23,440,000
  • First Open Lien Mortgage Lender: WINTRUST BANK NA
  • First Open Lien Mortgage Recording Date: Jul 31, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $8,265,000
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 27, 2026
  • Second Open Lien Mortgage Lender: WINTRUST BANK NA
  • Second Open Lien Mortgage Recording Date: Jul 31, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $15,175,000
  • Second Open Lien Mortgage Term: 36
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan
  • Second Open Lien Mortgage Loan Due Date: Jun 27, 2026

    Market Valuation

  • Market Total Value: $10,683,880
  • Market Land Value: $893,420
  • Market Improvement Value: $9,790,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,341,940
  • Assessed Land Value: $446,710
  • Assessed Improvements Value: $4,895,230

    Sales

  • Current Sale Contract Date: Aug 14, 2015
  • Current Sale Recording Date: Aug 20, 2015
  • Current Sale Transaction ID: 1302069097
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 169002
  • Previous Sale Recording Date: Mar 22, 2012
  • Previous Sale Contract Date: Mar 16, 2012
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: CITIGROUP GLOBAL MARKETS REALT
  • First Mortgage Transaction Date: Aug 20, 2015
  • First Mortgage Loan Amount: $12,420,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Sep 06, 2025

    Previous Mortgages

  • Previous Mortgage Lender: THE NORTHERN TRUST COMPANY
  • Previous Mortgage Transaction Date: Mar 22, 2012
  • Previous Mortgage Loan Amount: $5,640,000
  • Previous Mortgage Loan Type: Commercial

About Southfield



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Nearby Rentals

Unit for rent at 29160 Village Road, Southfield, MI, 48034

$1,545 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,382 ft²
29160 Village Road, Southfield, MI, 48034 Listing by David M Heinrich

Frequently Asked Questions

What neighborhood is 26598 East Carnegie Park Drive located in?
The 26598 East Carnegie Park Drive is a located in the neighborhood of Southfield in Southfield, Southfield.
What is the average sales price for listings in 26598 East Carnegie Park Drive?
The average sales price for units in 26598 East Carnegie Park Drive is $0 currently.

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