J
Seller's Agent in 2024
Jacob Davis
Jim Saros Real Estate Services
(269) 832-3035
7 in this area
23 Total Sales
1322 Wayburn St Unit 1324 Grosse Pointe, MI 48230
Estimated Value: $316,000 - $357,000
4
Beds
2
Baths
1,920
Sq Ft
$172/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Deck
- Porch
- George Defer Elementary School Rated A
- Balcony
- Forced Air Heating and Cooling System
About This Home
As of February 2024Nestled between Grosse Pointe Park's two busiest streets for dining/nightlife, Charlevoix and Kercheval, this fully renovated two-family building emerges as a superior investment opportunity. This Upper/Lower Flat building caters to either owner-occupants seeking to have a part of their monthly mortgage paid for or shrewd investors seeking steady returns. Nothing has been left untouched in this building, both mechanically and cosmetically; this owner is truly meticulous! Cosmetically, there is nothing left to do: renovated kitchens with new cabinets, stone surfaces, subway tile backsplash, and new appliances; renovated bathrooms with new fixtures, new tile flooring, and subway tile showers; replacement light fixtures throughout; refinished hardwoods throughout; and more! Mechanically, the property is future-proofed, having seen significant updates: a brand-new central AC system (September 2023); replacement Wallside Windows throughout the entire building (with transferrable warranty); a newer tear-off composite shingle roof; GFA furnaces; updated plumbing, including a replacement PVC drain pipe "Plumbing Stack" (2023); and updated electrical. Outdoors, front and rear balconies offer relaxation spaces, and a 2-car detached garage provides utility. The basement contains individual storage spaces, complete with washer/dryer facilities for each unit. Additionally, the unfinished third-floor space is easily finished with the ability to add an additional bedroom with a minimal up-front cost (and upside in rents)! As the epitome of location, design, and enduring quality, 1322 Wayburn promises investors both substantial income and minimal upkeep.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1924
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 34.00 x 101.50
Parking
- 4 Car Garage
Home Design
- Colonial Architecture
- Brick Foundation
- Composition Roof
- Stucco
- Vinyl Construction Material
Interior Spaces
- 2 Full Bathrooms
- 1,920 Sq Ft Home
- 3-Story Property
- ENERGY STAR Qualified Windows
- Unfinished Basement
- Basement Storage
Outdoor Features
- Balcony
- Deck
- Exterior Lighting
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 39007130017000
Community Details
Overview
- 2 Units
- Alter Heights Sub Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2023
Closed on
Feb 14, 2024
Sold by
Mcmillan Stewart B
Bought by
Dutch Rental Properties Llc
Seller's Agent
Jacob Davis
Jim Saros Real Estate Services
Buyer's Agent
Carlo Gobba
List Price
$350,000
Sold Price
$315,000
Premium/Discount to List
-$35,000
-10%
Total Days on Market
44
Views
229
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,544
Avg. Annual Appreciation
4.30%
Original Mortgage
$220,500
Outstanding Balance
$218,289
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$113,183
Purchase Details
Closed on
Feb 22, 2018
Sold by
Dawson David and Dawson Margarete
Bought by
Mcmillan Stewart B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
4.04%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dutch Rental Properties Llc | $315,000 | Chirco Title Agency | |
| Mcmillan Stewart B | $185,000 | Chirco Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dutch Rental Properties Llc | $220,500 | |
| Previous Owner | Mcmillan Stewart B | $166,600 | |
| Previous Owner | Mcmillan Stewart B | $138,750 | |
| Previous Owner | Dawson David | $118,000 | |
| Previous Owner | Dawson David Michael | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2024 02/14/24 | Sold | $315,000 | -3.1% | $164 / Sq Ft |
| 11/18/2023 11/18/23 | Pending | -- | -- | -- |
| 11/16/2023 11/16/23 | Price Changed | $325,000 | -7.1% | $169 / Sq Ft |
| 10/31/2023 10/31/23 | Price Changed | $349,999 | 0.0% | $182 / Sq Ft |
| 10/18/2023 10/18/23 | Price Changed | $350,000 | 0.0% | $182 / Sq Ft |
| 10/10/2023 10/10/23 | Price Changed | $349,999 | 0.0% | $182 / Sq Ft |
| 10/05/2023 10/05/23 | For Sale | $350,000 | -- | $182 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $2,692 | $140,400 | $0 | $0 |
| 2023 | $2,571 | $136,500 | $0 | $0 |
| 2022 | $2,442 | $119,800 | $0 | $0 |
| 2021 | $6,266 | $108,000 | $0 | $0 |
| 2019 | $6,120 | $92,200 | $0 | $0 |
| 2018 | $1,393 | $70,100 | $0 | $0 |
| 2017 | $4,642 | $49,400 | $0 | $0 |
| 2016 | $3,649 | $59,900 | $0 | $0 |
| 2015 | $5,213 | $53,000 | $0 | $0 |
| 2013 | -- | $52,700 | $0 | $0 |
| 2012 | $1,256 | $54,500 | $10,500 | $44,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jacob Davis
-
C
Buyer's Agent in 2024
Carlo Gobba
Map
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Source: Realcomp
MLS Number: 20230084249
APN: 39-007-13-0017-000
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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