NOT LISTED FOR SALE

1123 Wayburn St Unit 25 Grosse Pointe, MI 48230

Estimated Value: $297,000 - $380,000

4 Beds
2 Baths
2,052 Sq Ft
$162/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $325,000 $158 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,954/month

16 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Cass Technical High School Rated 10
  • Balcony
  • Garage

About This Home

As of January 2024

Great rental investment opportunity or occupy one unit and rent out the other unit! Walking distance Charlevoix and Kercheval that offer plenty of dinning, entertainment, and stores. This fully renovated two-family is rent ready. Renovations include new kitchen cabinets with granite counter tops. Beautifully renovated bathrooms. All hardwood floors have been refinished, new kitchen and bathroom tile floors, and entire home has been professionally painted including exterior. New furnaces, both A/C's, both HWTs, windows, plumbing stack, and glass block windows. Home does offer a 2 car garage off alley in back. Cosmetically, there is nothing left to do. Outdoors, front and rear balconies. The basement contains individual spaces for each unit with washer/dryer facilities for each unit. Additionally, the unfinished third-floor space will be great for storage for upper unit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all info.

Last Listed By

James Haidar

RE/MAX First License #6501326730 Listed on: 12/23/2023

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1912 | Remodeled in 2023

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00 x 101.50
  • Fenced

Parking

  • Garage

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,052 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 39008070046000

Community Details

Overview

  • 2 Units
  • Turnbull And Epsteans Jefferson Ave Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,173

Year Built

Built in 1912 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1912
  • State Equalized Value: 116600.0000
  • Year Renovated: 2023
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2052
  • Total Sq Ft: 2052
  • Sq Ft Total Bsmt: 1020

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl, Wood
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 30
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00 x 101.50
  • Parcel Number: 39008070046000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 3200

Tax Info

  • Tax Amount Summer: 1200.0000
  • Tax Amount Winter: 1973.0000
  • Total Tax: 3173.0000
  • Taxable Value: 48224.0000

Multi Family

  • Gross Scheduled Income: 38400.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2023
Closed on
Jan 26, 2024
Sold by
Fpj Investments Llc
Bought by
Venture Commercial Properties Llc
Seller's Agent
James Haidar
RE/MAX First
Buyer's Agent
Tiroca Battle
REALTEAM Real Estate
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%
Total Days on Market
16
Views
88
Current Estimated Value
$331,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,888
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Sep 29, 2023
Sold by
Budziak James
Bought by
Fpj Investments Llc

Purchase Details

Closed on
Jul 15, 2015
Sold by
Brian J Obyme J and Brian Margaret L
Bought by
Budziak James

Purchase Details

Closed on
Apr 15, 2015
Sold by
Obyrne Brain J and Obyrne Margaret L
Bought by
Obyrne Brian J

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Venture Commercial Properties Llc $325,000 Shores Title
Fpj Investments Llc -- None Listed On Document
Budziak James -- Shores Title
Obyrne Brian J -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $325,000 -7.1% $158 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
12/23/2023 12/23/23 For Sale $349,900 -- $171 / Sq Ft
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 $1,256 $119,900 $0 $0
2023 $1,200 $116,600 $0 $0
2022 $1,140 $102,400 $0 $0
2021 $2,924 $92,500 $0 $0
2019 $2,856 $79,000 $0 $0
2018 $1,087 $59,100 $0 $0
2017 $3,740 $40,700 $0 $0
2016 $2,906 $47,200 $0 $0
2015 $4,067 $41,400 $0 $0
2013 -- $41,300 $0 $0
2012 $1,083 $42,700 $6,400 $36,300
Source: Public Records

Agents Affiliated with this Home

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Source: Realcomp

MLS Number: 20230104988

Realcomp

APN: 39-008-07-0046-000