NOT LISTED FOR SALE

1224 Wayburn St Unit 1226 Grosse Pointe, MI 48230

Estimated Value: $312,000 - $352,000

4 Beds
2 Baths
1,938 Sq Ft
$170/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $300,000 $155 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,135/month

32 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Balcony
  • George Defer Elementary School Rated A
  • Tennis Courts
  • Porch

About This Home

As of July 2022

Steps from Grosse Pointe's trending West Park Neighborhood and a 15-minute drive to downtown Detroit, this property is a MUST SEE! Both units have hardwood floors, tastefully updated kitchens and baths, and fresh neutral paint. Recent capital improvements like the newer tear-off roof, warrantied Wallside windows, and many upgraded fixtures, appliances, furnace and HWH make for a low-maintenance money-making opportunity. Upper unit has central air and is rented month-to-month by 5-year tenant and lower unit is ready for a new tenant. Divided basement includes washer and dryer for each unit and separate electrical.

Last Listed By

Caitlin Kashef

Higbie Maxon Agney Inc License #MISPE-6506048441 Listed on: 05/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1919

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30 x 101
  • Private Entrance

Parking

  • 2 Car Parking Spaces

Home Design

  • Duplex
  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 39 007 16 0066 000

Community Details

Overview

  • 2 Units
  • Schiappacasses Subdivision

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,882

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Duplex, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Year Built: 1919
  • Mail City: Grosse Pointe Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Ceramic Floors, Hardwood Floors
  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, Full
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Sub Room Description: Living Room
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 1938

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch, Sidewalks, Storms/Screens, Street Lights, Exterior Balcony
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Water: Public Water At Street
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public At Street

Condo/Co-op/Association

  • Community Amenities: Sidewalks, Tennis Courts, Private Entry

Lot Info

  • Assessor Parcel Number: 39 007 16 0066 000
  • Location: Walk To School
  • Lot Dimensions: 30 x 101
  • Acreage: 0.07
  • Lot Description: Sidewalks
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,487.27
  • Winter Tax: Year: 2021, Amount: $2,394.24
  • Taxable Value: 59018
  • Total Tax: Amount: $3,881.51
  • SEV Year: 2021

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 22, 2022
Sold by
Lynn Spencer Rebecca
Bought by
Ball Douglas
Seller's Agent
Caitlin Kashef
Higbie Maxon Agney Inc
Buyer's Agent
Mark DerManulian
Metropolitan Real Estate Group
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%
Total Days on Market
32
Current Estimated Value
$328,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,975
Avg. Annual Appreciation
3.51%
Original Mortgage
$294,566
Outstanding Balance
$284,774
Interest Rate
5.81%
Mortgage Type
FHA
Estimated Equity
$45,397

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
Ball Douglas $300,000 Reputation First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball Douglas L $294,566
Previous Owner Forton Rebecca $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $300,000 +0.3% $155 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $299,000 0.0% $154 / Sq Ft
09/28/2020 09/28/20 Rented $1,000 0.0% --
08/31/2020 08/31/20 Under Contract -- -- --
08/12/2020 08/12/20 For Rent $1,000 +25.0% --
08/23/2014 08/23/14 Rented $800 -5.9% --
08/22/2014 08/22/14 Under Contract -- -- --
08/10/2014 08/10/14 For Rent $850 -- --
Source: Michigan Multiple Listing Service

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 $3,635 $146,500 $0 $0
2023 $3,538 $142,200 $0 $0
2022 $1,513 $124,300 $0 $0
2021 $3,882 $111,200 $0 $0
2019 $3,792 $94,900 $0 $0
2018 $1,443 $71,000 $0 $0
2017 $4,788 $53,000 $0 $0
2016 $3,769 $62,400 $0 $0
2015 $5,399 $55,000 $0 $0
2013 $5,230 $54,700 $0 $0
2012 $1,412 $56,600 $9,400 $47,200
Source: Public Records

Agents Affiliated with this Home

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Source: Michigan Multiple Listing Service

MLS Number: 50074988

Michigan Multiple Listing Service

APN: 39-007-16-0066-000