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OFF MARKET: PUBLIC RECORD

7501 Lamphere Detroit, MI 48239 (Parkland)

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  • Single-Family Home
  • 1 full Bathroom
  • 748 sqft
  • Lot size: 5,358 sqft
  • Built in 1949
  • Provided By:
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Property Details for 7501 Lamphere


Sold > MI > Detroit > 48239 > Parkland > 7501 Lamphere
This property is no longer available to rent or buy. This description is from August 15, 2012
Charming, brick, single family home with 3 bedrooms, 1 bathroom and detached garage. This property is based in a desirable friendly family neighbourhood in Detroit.| Why Invest In Detroit | Located in the upper Eastern region of the United States, Detroit is now home to over 5.4 million people. Detroit is the largest city in the state of Michigan and has been massively affected by the economic downturn, which has led to an increased number of property repossessions and foreclosures. This has resulted in a massive shortage of affordable housing in the metropolitan area of Detroit. There ...is currently a waiting list of over 10,000 people. All properties available are 3 to 6 bedroom detached houses and are located in stable working-class communities. Properties can be acquired at very low prices ($40,000), while rental returns remain very high. Combine this with an extremely high rental demand, backed by the US government; its clear to see why Detroit is the right time investors. | US Government-Backed Rental Scheme | Every property is fully renovated detached houses. This goal is aimed at converting foreclosed properties into clean, safe homes to provide working families with a higher quality of housing. Monthly rental income is paid to the investor through the HUD's Section 8 Housing Choice Voucher Program (HCV). The HCV program offers tenants monthly payment contributions (usually 100% of their monthly rent) which are paid directly to the landlord. If the tenants HCV contribution is less than 100%, your appointed property management agent will collect the tenant's rent for you and pay the outstanding monies directly to you. The HCV program has was introduced in 1937 with the aim of ensuring that tenants get quality, maintained and affordable homes and landlords get a quality tenant who wants to live in their property. Tenants are not just placed, they get to choose their home, and it is their choice. This is a win | win for all parties, the tenant by receiving quality accommodation and the landlord by having their property cared for.
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7501 Lamphere Public Records


Official property, sales, and tax information from county (public) records as of 04/2015:
    • Single Family Residential
    • Lot Size: 5,358 sqft
    • Heating: Forced air unit
    • Exterior Walls: Asbestos shingle
    • Tax Rate Code Area: D
    • 1 Bathroom
    • Built In 1949
    • Parking: Detached Garage
    • Subdivision: FRISCHKORNS PARK VIEW (PL
    • 748 sqft
    • Stories: 1 story
    • Parking Spaces: 2
    • County: Wayne

Additional Costs For 7501 Lamphere


Property Taxes and Assessment of 7501 Lamphere


Year Tax Assessment Market
2015 $864 $12,300  $24,600 
Source: Public Records

Price History & Trends


Price History for 7501 Lamphere


Date Event Price Source Agents
03/28/2013 Sold view detail $39,940 Public records Public records  
  • Recording Date
    03/28/2013
  • Contract Date
    03/19/2013
  • Sale Price
    $39,940
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $300
  • County Transfer Tax
    $44
  • Total Transfer Tax
    $344
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Warranty Deed

Real Estate Trends in Parkland

Average listing price for similar homes $83,147 108% above listing price
Average listing price for all homes in Parkland $53,893 26% above listing price

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