$1,400,000
SOLD AUG 26, 2024

10612 Grand River Rd Brighton, MI 48116

17 Beds
9 Baths
7,382 Sq Ft
1.7 Acres

Recently Sold

34 Days on Market

Highlights

  • 1.7 Acre Lot
  • Spencer Road Elementary School Rated A
  • Baseboard Heating

About This Home

As of August 2024

The ONE11 Residences – Brighton are located in Brighton, Michigan on Grand River Rd. The building consists of 9 apartment units with plenty of parking. The property is currently 100% occupied grossing over $10,325 per month. Of the 9 apartment units, eight of them are 2 bedroom 1 bath (740 square feet), and the other is a 1 bedroom 1 bath. All 9 units have been completely renovated from top to bottom in the past two years. The entire parking lot was redone last year with new asphalt, all new water heaters, freshly painted exterior, new lighting, signage, and addresses. There is plenty of parking which is included in the rent. Also included in the rent are newly built storage units in the lower level. The building heated through baseboard heat powered by a boiler, and the tenants have window AC units to keep the apartment cool in the summer. Landlord pays for water and heat, the tenant pays for electricity through the individually metered units. Landlord is reimbursed by Tenants for Gas & Water.

Last Agent to Sell the Property

Tim Shayoka

Prime Real Estate Co, LLC License #6502431221 Listed on: 07/09/2024

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 1.7 Acre Lot
  • Lot Dimensions are 168.00 x 440.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 9 Full Bathrooms
  • 7,382 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 1233300008

Community Details

Overview

  • 9 Units

Pet Policy

  • The building has rules on how big a pet can be within a unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,520

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1960
  • State Equalized Value: 396600.0000
  • Pets Allowed: Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 9.00
  • Full Bathrooms: 9
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 7382
  • Total Sq Ft: 7382
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 168
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard, Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Brighton

Lot Info

  • Lot Size Area: 1.70
  • Lot Dimensions: 168.00 x 440.00
  • Parcel Number: 1233300008
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 10325

Tax Info

  • Tax Amount Summer: 12529.0000
  • Tax Amount Winter: 3991.0000
  • Total Tax: 16520.0000
  • Taxable Value: 396600.0000

Multi Family

  • Gross Scheduled Income: 123900.00
  • Number Of Units Total: 9
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 8
  • Number Of Units Leased: 9

MLS Schools

  • School District: Brighton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Aug 26, 2024
Sold by
10612 Brighton Group Llc
Bought by
10612 Brighton Llc
Seller's Agent
Tim Shayoka
Prime Real Estate Co, LLC
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$1,400,000
Sold Price
$1,240,000
Premium/Discount to List
-$160,000
-11.43%
Views
79

Purchase Details

Closed on
Aug 31, 2022
Sold by
Pondiew Llc
Bought by
10612 Brighton Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$887,200
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2022
Sold by
Pullukat Living Trust
Bought by
Pondiew Llc

Purchase Details

Closed on
Jun 4, 2002
Sold by
Sellars H Marilyn
Bought by
Pullukat Philip and Pullukat Angelina

Purchase Details

Closed on
Jul 26, 2001
Sold by
Merithew Francis A and Merithew Judith R
Bought by
Sellars H Marilyn
Source: Public Records

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- --
Quit Claim Deed -- None Listed On Document
Warranty Deed $120,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $887,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 For Rent $1,250 +6.4% --
12/04/2024 12/04/24 Off Market $1,175 -- --
09/20/2024 09/20/24 For Rent $1,175 0.0% --
08/26/2024 08/26/24 Sold -- -- --
08/12/2024 08/12/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $1,400,000 0.0% $190 / Sq Ft
04/03/2024 04/03/24 For Rent $1,175 0.0% --
01/20/2024 01/20/24 Price Changed $1,175 0.0% $2 / Sq Ft
01/20/2024 01/20/24 For Rent $1,175 -2.1% --
10/23/2023 10/23/23 Price Changed $1,200 +2.1% $2 / Sq Ft
10/20/2023 10/20/23 For Rent $1,175 -- --
Source: Realcomp

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 $13,136 $447,000 $0 $0
2023 $12,529 $396,600 $0 $0
2022 $6,536 $185,700 $0 $0
2021 $6,536 $194,100 $0 $0
2020 $6,545 $188,400 $0 $0
2019 $9,501 $185,700 $0 $0
2018 $9,397 $154,300 $0 $0
2017 $9,451 $154,300 $0 $0
2016 $9,577 $146,800 $0 $0
2014 $11,020 $157,940 $0 $0
2012 $11,020 $178,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240048782

Realcomp

APN: 12-33-300-008