NOT LISTED FOR SALE

1311 Somerset Ave Unit 1311-1313 Grosse Pointe Park, MI 48230

Estimated Value: $327,000 - $477,000

6 Beds
2 Baths
2,916 Sq Ft
$136/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $158,000 $54 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $2,391/month

13 Days on Market

About This Home

As of July 2014

FOUR SQUARE INCOME WITH JUST UNDER 3,000 TOTAL SQUARE FEET. IDENTICAL UNITS FEATURES 3 BEDROOMS, 1 BATH, HARDWOOD FLOORS, KITCHEN WITH APPLIANCES, DISHWASHERS. SEPARATE BASEMENT WITH LAUNDRY. SIDE DRIVE WAY, 2 CAR GARAGE. IDEAL FOR OWNER OCCUPIED OR INVESTMENT.

Last Agent to Sell the Property

Mark Monaghan

Sine & Monaghan LLC License #MISPE-6502365516 Listed on: 05/07/2014

Sine & Monaghan LLC

Last Buyer's Agent

Rand Sobczak

Real Estate One Grosse Pointe License #MISPE-6501310516

Real Estate One Grosse Pointe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 4,792

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 118x40
  • Separate Meters
  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39007020040000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 4637
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Foundation Type: Basement

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Water: Public Water At Street
  • Heating System: Steam
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: 39007020040000
  • Lot Dimensions: 118X40
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $1,921.00
  • Winter Tax: Amount: $2,716.00
  • Total Tax: Amount: $4,637.00

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 7, 2014
Closed on
Jul 2, 2014
Sold by
Bamford Michael B and Bamford Mary Sue
Bought by
Peleman Rene Richard
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
Rand Sobczak
Real Estate One Grosse Pointe
List Price
$164,500
Sold Price
$158,000
Premium/Discount to List
-$6,500
-3.95%
Current Estimated Value
$395,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,814
Avg. Annual Appreciation
8.44%
Original Mortgage
$118,500
Outstanding Balance
$90,092
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$305,722

Purchase Details

Closed on
Aug 15, 2003
Sold by
Bachulis Jill R and Bachulis Victor
Bought by
Bamford Michael D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Peleman Rene Richard $158,000 Greco Title Agency Llc
Bamford Michael D $220,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peleman Rene Richard $118,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2014 07/03/14 Sold $158,000 -4.0% $54 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $164,500 -- $56 / Sq Ft
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
2025 $3,822 $152,400 $0 $0
2024 $3,822 $144,000 $0 $0
2023 $2,091 $135,800 $0 $0
2022 $1,987 $120,000 $0 $0
2021 $5,097 $106,200 $0 $0
2019 $4,979 $90,200 $0 $0
2018 $1,894 $77,700 $0 $0
2017 $6,118 $48,500 $0 $0
2016 $4,865 $71,700 $0 $0
2015 $7,490 $74,900 $0 $0
2013 $7,380 $75,200 $0 $0
2012 $2,084 $78,700 $23,200 $55,500
Source: Public Records

Agents Affiliated with this Home

  • Mark Monaghan

    Seller's Agent in 2014

    Mark Monaghan

    Sine & Monaghan LLC

    (313) 402-6998

    12 in this area

    131 Total Sales

    Mark Monaghan
    Section Image
  • Rand Sobczak

    Buyer's Agent in 2014

    Rand Sobczak

    Real Estate One Grosse Pointe

    (313) 882-5200

    5 in this area

    11 Total Sales

    Rand Sobczak
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31191926

Michigan Multiple Listing Service

APN: 39-007-02-0040-000

Michigan Wayne County Grosse Pointe Park 48230

1311 Somerset Ave Unit 1311-1313, Grosse Pointe Park, MI

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Michigan Multiple Listing Service Source MLS: MiRealSource
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