NOT LISTED FOR SALE

1311 Somerset Ave Unit 1313 Grosse Pointe Park, MI 48230

Estimated Value: $293,000 - $527,000

6 Beds
2 Baths
2,916 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 03, 2014

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

Est. 148% increase in value since last sale

Current estimated payment $2,485/month

13 Days on Market

Highlights

  • Garage
  • George Defer Elementary School Rated A
  • Heating System Uses Steam

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 #6501168047 Listed on: 05/07/2014

Sine & Monaghan LLC

Last Buyer's Agent

Rand Sobczak

Real Estate in the Pointes License #6501310516

Real Estate in the Pointes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 118x40x118x40

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,916 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 2 Units
  • Somerset Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39007020040000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 267.5
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 2916
  • Total Sq Ft: 2916
  • Sq Ft Total Bsmt: 1450

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 118
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Dimensions: 118X40X118X40
  • Parcel Number: 39007020040000
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1625

Tax Info

  • Tax Amount Summer: 1921.0000
  • Tax Amount Winter: 2716.0000
  • Total Tax: 4637.0000

Multi Family

  • Gross Scheduled Income: 19500.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Grosse Pointe

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 in the Pointes
List Price
$164,500
Sold Price
$158,000
Premium/Discount to List
-$6,500
-3.95%
Current Estimated Value
$392,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,284
Avg. Annual Appreciation
8.36%
Original Mortgage
$118,500
Interest Rate
4.11%
Mortgage Type
New Conventional

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 $200,000
Closed Peleman Rene Richard $118,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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: 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 $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

    132 Total Sales

    Mark Monaghan
    Section Image

  • R

    Buyer's Agent in 2014

    Rand Sobczak

    Real Estate in the Pointes

    Section Image
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Map

Source: Realcomp

MLS Number: 214040669

Realcomp

APN: 39-007-02-0040-000

Michigan Wayne County Grosse Pointe Park 48230

1311 Somerset Ave Unit 1313, Grosse Pointe Park, MI

This home is located at 1311 Somerset Ave Unit 1313, Grosse Pointe Park, MI 48230 since 07 May 2014 and is currently estimated at $392,284, approximately $134 per square foot. This property was built in 1926. 1311 Somerset Ave Unit 1313 is a home located in Wayne County with nearby schools including George Defer Elementary School, Pierce Middle School, and Grosse Pointe South High School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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