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5058 Prescott Street

5058 Prescott Street, Hamtramck, MI 48212
Sold Aug 24, 2021
$165,000
$132,000 by Cmg Mortgage Inc
Mortgage Due Sep 01, 2051
Sold Jul 09, 2021
$155,558
Seller
Local assessors in Hamtramck, MI have categorized 5058 Prescott Street as a residential type of property. The home was built in 1922 and is 102 years old. The property's lot size has been calculated to be 8,276 square feet. The linear feet between the front and back of the lot was measured at 1,340 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5058 Prescott Street has a total of 2,132 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 760 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5058 Prescott Street sold most recently in Aug 19, 2021 for a total of $165,000. If you work out the math, that's approximately a cost of $77.39 per sqft. Before that, the property was also sold for $155,558 in Jun 25, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,511 in taxes each year. 5058 Prescott Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,800. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Aluminum Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Single (not wood)
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,053
  • Garage Type: Garage
  • Garage Square Area: 760
  • Parking Space Count: 3
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,132
  • Building Area: 2,132
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,132
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LINE SHIPMANS SUB
  • Land Acres: 0.19
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: S PRESCOTT W 60 FT OF E 90 FT OF N 134.50 FT 162 EXC W 2.35 FT ON S LINE BG S 1.09 FT ON W LINE SHIPMANS SUB L25 P43 PLATS, W

Ownership

  • Current Owner : RAHMAN ASHRAFUR
  • Previous Owner : RAHMAN AHMEDUR
  • Owner Before Previous Owner: WATT AARON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Detroit City School District
  • School Tax School District: DETROIT
  • Census Tract: 510600

Zoning

  • Zoning: R2

Geography

  • District: 01
  • Parcel: 13005506-7
  • Block: 301
  • Municipality: DETROIT CITY
  • Latitude: 42.4047
  • Longitude: -83.0487

    Address

  • Full Address: 5058 Prescott St
  • Address - House Number: 5058
  • Address - Street Name: Prescott
  • Address - Suffix Type: St
  • State: MI
  • City Name: Hamtramck
  • Carrier Code: C003
  • 4-Digit Zip Code: 3118
  • Zip Code: 48212

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,511
  • Tax Rate Code Area: 82010

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 90,386
  • High Value: 131,650
  • Low Value: 49,121

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $132,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $132,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $97,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 19, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11855120757
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021322565
  • Previous Sale Recording Date: Jul 09, 2021
  • Previous Sale Contract Date: Jun 25, 2021
  • Previous Sale Amount: $155,558
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Coleman A. Young International Airport



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Frequently Asked Questions

What neighborhood is 5058 Prescott Street located in?
The 5058 Prescott Street is a located in the neighborhood of Coleman A. Young International Airport in Coleman A. Young International Airport, Hamtramck.
What is the average sales price for listings in 5058 Prescott Street?
The average sales price for units in 5058 Prescott Street is $0 currently.

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