$246,900
SOLD JUL 2, 2018

1378 Somerset Ave Unit 80 Grosse Pointe Park, MI 48230

3 Beds
3 Baths
2,600 Sq Ft
1926 Built

Recently Sold

$95 Per Sq Ft

1% Below List Price

54 Days on Market

Highlights

  • Dock Facilities
  • Lake Privileges
  • 2 Car Garage
  • George Defer Elementary School Rated A
  • Porch
  • Heating System Uses Steam

About This Home

As of September 2021

Multi-Family home in the desirable Grosse Pointe Park. Walking distance to shops, restaurants, parks and schools. Upper unit is 4 bedroom and 2 bath. Lower unit is 3 bedroom and 1 bath. Please do not disturb the tenants. Newer roof and windows.

Last Agent to Sell the Property

Tim Bledsoe

@properties Christie's Int'l RE Grosse Pointe License #6501344597 Listed on: 03/19/2018

@properties Christie's Int'l RE Grosse Pointe

Last Buyer's Agent

Dino Ricci

Sine & Monaghan LLC License #6501280906

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926 | Remodeled in 2012

Lot Details

  • Lot Dimensions are 40x123x40x123

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,600 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Outdoor Features

  • Dock Facilities
  • Boat Facilities
  • Lake Privileges
  • Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Somerset Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39007020082000
  • $3,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,472

Year Built

Built in 1926 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Assessment: 267.5
  • Year Built: 1926
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2600
  • Total Sq Ft: 2600
  • Sq Ft Total Bsmt: 1300

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake St Clair
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Dimensions: 40X123X40X123
  • Parcel Number: 39007020082000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1100

Tax Info

  • Tax Amount Summer: 2086.0000
  • Tax Amount Winter: 3386.0000
  • Total Tax: 5472.0000

Multi Family

  • Waterfront Features: Boat Facilities, Dock Facilities
  • Gross Scheduled Income: 26400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Sep 10, 2021
Sold by
Gpp Rentals Llc
Bought by
Spears David
Seller's Agent
Dino Ricci
Sine & Monaghan LLC
Buyer's Agent
Charles Gates
Sine & Monaghan LLC
Sold Price
$345,000
Current Estimated Value
$422,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,928
Avg. Annual Appreciation
4.45%
Original Mortgage
$327,750
Outstanding Balance
$301,057
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$106,726

Purchase Details

Closed on
Dec 18, 2019
Sold by
Sanders James and Sanders Gretchen
Bought by
Gpp Rentals Llc

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jul 2, 2018
Sold by
Safadi Remon G and Safadi George
Bought by
Sanders James and Sanders Gretchen
Seller's Agent
Tim Bledsoe
@properties Christie's Int'l RE Grosse Pointe
Buyer's Agent
Dino Ricci
Sine & Monaghan LLC
List Price
$249,000
Sold Price
$246,900
Premium/Discount to List
-$2,100
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%

Purchase Details

Closed on
Mar 23, 2011
Sold by
Lech Robert J
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 12, 2007
Sold by
Lech Robert J
Bought by
Somerset Ventures Llc
Source: Public Records

Similar Home in the area

  • 302 Alter Rd, Detroit, MI 48215

    $275,000

    • 6 Beds
    • 4 Baths
    • 1,254 Sq Ft
    • 302 Alter Rd
    • Detroit, MI

    One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building — or live in one apartment and rent out the other to help cover your mortgage and carrying costs.Large side-by-side townhouse-style units — each with 3 bedrooms, central A/C, one full bath, one half bath, private basements with all

    Jimmy Saros Jim Saros Real Estate Services

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 Ata National Title Group Llc
Quit Claim Deed -- None Available
Warranty Deed $246,900 Dveon Title Agency
Sheriffs Deed $161,740 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $327,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $345,000 +31263.6% $133 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
10/01/2018 10/01/18 Rented $1,100 -8.3% --
09/27/2018 09/27/18 Under Contract -- -- --
09/14/2018 09/14/18 For Rent $1,200 0.0% --
07/02/2018 07/02/18 Sold $246,900 +2.9% $95 / Sq Ft
05/12/2018 05/12/18 Pending -- -- --
05/07/2018 05/07/18 Price Changed $239,999 -2.8% $92 / Sq Ft
04/17/2018 04/17/18 Price Changed $246,900 -0.8% $95 / Sq Ft
04/14/2018 04/14/18 Price Changed $248,999 0.0% $96 / Sq Ft
03/27/2018 03/27/18 For Sale $249,000 0.0% $96 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $249,000 +246.8% $96 / Sq Ft
04/12/2012 04/12/12 Sold $71,800 -13.5% $28 / Sq Ft
01/13/2012 01/13/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $83,000 -- $32 / 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 $4,264 $171,700 $0 $0
2023 $3,707 $161,600 $0 $0
2022 $3,521 $141,900 $0 $0
2021 $5,510 $124,400 $0 $0
2019 $7,003 $105,500 $0 $0
2018 $2,145 $87,700 $0 $0
2017 $6,856 $57,900 $0 $0
2016 $5,472 $81,100 $0 $0
2015 $8,490 $84,900 $0 $0
2013 $8,370 $85,300 $0 $0
2012 $1,977 $89,500 $23,200 $66,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 218019784

Realcomp

APN: 39-007-02-0082-000