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5951 University Place

5951 University Place, Detroit, MI 48224
Property in Finney
Sold May 09, 2012
$48,000
$47,130 by Ross Mortgage Corp
Mortgage Due May 01, 2042
Sold Feb 14, 2011
$9,000
5951 University Place in Detroit, MI was first built in 1944 and is 80 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5951 University Place has 982 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,340. In total, the area measurement of the land is 5,227 square feet.

Learn more about the property and building on this page. There is a covered porch. The home has a gable style roof. For those who need parking, there is a garage. The garage is 280 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Apr 30, 2012 for $48,000. That's $48.88 per sqft. Prior to that sales transaction, the property was also sold in Feb 1, 2011 for $9,000. 5951 University Place was last assessed in 2023. The total value of the property was assessed at $29,500. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,088. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Quality: C
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 776
  • Garage Type: Garage
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 400
  • Total Building Area: 982
  • Building Area: 982
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 982
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LODEWYCK SUB
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W UNIVERSITY PL 123 LODEWYCK SUB NO 1 L53 P26 PLATS, W C R 21/866 40 X 133.57A

Ownership

  • Current Owner : WADE TASHA
  • Current Owner 2: WADE TASHA D
  • Previous Owner : RIZZO JOHN
  • Previous Owner 2: RIZZO CANDICE
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Detroit City School District
  • School Tax School District: DETROIT
  • Census Tract: 501500

Zoning

  • Zoning: R1

Geography

  • District: 01
  • Parcel: 21077463.
  • Block: 404
  • Municipality: DETROIT CITY
  • Latitude: 42.416
  • Longitude: -82.9275

    Address

  • Full Address: 5951 University Pl
  • Address - House Number: 5951
  • Address - Street Name: University
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: Detroit
  • Carrier Code: C023
  • 4-Digit Zip Code: 1375
  • Zip Code: 48224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,088
  • Tax Rate Code Area: 82010

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 46,136
  • High Value: 67,198
  • Low Value: 25,073

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $47,130
  • First Open Lien Mortgage Lender: ROSS MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 09, 2012
  • First Open Lien Mortgage Loan Amount: $47,130
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2042

    Market Valuation

  • Market Total Value: $59,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2012
  • Current Sale Recording Date: May 09, 2012
  • Current Sale Transaction ID: 1186290335
  • Current Sale Price: $48,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012236496
  • Previous Sale Recording Date: Feb 14, 2011
  • Previous Sale Contract Date: Feb 01, 2011
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: ROSS MORTGAGE CORP
  • First Mortgage Transaction Date: May 09, 2012
  • First Mortgage Loan Amount: $47,130
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2042

About Far East Detroit



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Frequently Asked Questions

What neighborhood is 5951 University Place located in?
The 5951 University Place is a located in the neighborhood of Finney in Far East Detroit, Detroit.
What is the average sales price for listings in 5951 University Place?
The average sales price for units in 5951 University Place is $0 currently.

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