$345,000
SOLD NOV 6, 2024

1402 Somerset Ave Unit 4 Grosse Pointe Park, MI 48230

6 Beds
2 Baths
3,024 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

12% Below List Price

99 Days on Market

Highlights

  • Terrace
  • Covered patio or porch
  • Ceiling Fan
  • George Defer Elementary School Rated A
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of November 2024

Hard to find duplex on a nice corner lot. Each unit is a spacious 1,512 sqft, with 3 bedrooms 1 bath per, with private basements to include washer-dryer's. Includes stainless appliances in the kitchens. Lots of natural light and hardwood floors throughout. Off-street parking but includes a 2-car garage. Newer water heaters, furnaces, central AC units and commercial gutters. Talk about location, with pretty much everything you need wirthin walking distance, restaurants, bars, stores and waterfront parks etc... Ideal for an owner-occupant or an investor. Upper units vacant, lower unit is currently rented. Close to downtown Detroit and easy access to I-94. C of O current. Within the Grosse Pointe Housing Foundation boundaries. Do not disturb tenants.

Last Agent to Sell the Property

Alan Holland

Lambrecht Realty LLC License #6506047724 Listed on: 06/26/2024

Last Buyer's Agent

Alan Holland

Lambrecht Realty LLC License #6506047724 Listed on: 06/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929 | Remodeled in 2018

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 119.00
  • Back Yard Fenced

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,024 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Natural lighting in basement

Parking

  • 2 Car Garage
  • On-Street Parking

Outdoor Features

  • Covered patio or porch
  • Terrace

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 39007020085000

Community Details

Overview

  • 2 Units
  • Somerset Road Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,369

Year Built

Built in 1929 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1929
  • State Equalized Value: 175000.0000
  • Year Renovated: 2018
  • Foundation Features: Drainage System
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight, Unfinished, Private
  • Sq Ft Combined: 3024
  • Total Sq Ft: 3024
  • Sq Ft Total Bsmt: 1512

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Patio, Porch, Terrace, Patio - Covered, Covered
  • Road Frontage Type: Paved
  • Fencing: Back Yard

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage, Assigned, On Street
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 119.00
  • Parcel Number: 39007020085000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 1695

Tax Info

  • Tax Amount Summer: 3164.0000
  • Tax Amount Winter: 5205.0000
  • Total Tax: 8369.0000
  • Taxable Value: 127202.0000

Multi Family

  • Gross Scheduled Income: 20340.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • 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
Jun 26, 2024
Closed on
Nov 6, 2024
Sold by
Correia Christopher B and Correia Arla P
Bought by
Sicar Kerby and Gemechu Raey
Seller's Agent
Alan Holland
Lambrecht Realty LLC
Buyer's Agent
Alan Holland
Lambrecht Realty LLC
List Price
$390,000
Sold Price
$345,000
Premium/Discount to List
-$45,000
-11.54%
Views
201
Current Estimated Value
$374,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,922
Avg. Annual Appreciation
11.33%
Original Mortgage
$338,751
Outstanding Balance
$337,086
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$31,658

Purchase Details

Listed on
Aug 17, 2018
Closed on
Sep 14, 2018
Sold by
Safadi Remon
Bought by
Correia Christopher B and Correia Arla P
Seller's Agent
Tim Bledsoe
@properties Christie's Int'l RE Grosse Pointe
Buyer's Agent
Alan Holland
Lambrecht Realty LLC
List Price
$255,000
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$191,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2014
Sold by
R & M Assets Llc
Bought by
Safadi Remon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2011
Sold by
Safadi Remon
Bought by
R & M Assets Llc

Purchase Details

Closed on
Jan 24, 2007
Sold by
Baylis Anita
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 14, 1994
Sold by
Boll Michael
Bought by
Jean Gunya and Jean Donna Vargo-Gunya
Source: Public Records

Similar Home in the area

  • 1258 Wayburn St Unit 1260, Grosse Pointe, MI 48230

    $325,000

    • 4 Beds
    • 2 Baths
    • 2,014 Sq Ft
    • 1258 Wayburn St
    • Unit 1260
    • Grosse Pointe, MI

    This is a well maintained 2 family in Grosse Pointe Park It features Updated kitchens, hardwood floors. New roof and new furnace in lower with central air conditioning. Great location with walking distance to schools, West Park restaurant district and two lake front parks Lower rents $1300 per month with a lease through Sept 2025. Upper $1200 per month with a lease thru Sept. 2025

    Paula M. Morris Adlhoch & Associates, REALTORS

    Section Image

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $345,000 Chirco Title Agency
Warranty Deed $255,000 Devon Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $235,800 None Available
Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,751 FHA
Previous Owner $196,900 New Conventional
Previous Owner $191,250 New Conventional
Previous Owner $99,500 New Conventional
Previous Owner $108,000 Unknown
Previous Owner $26,810 Unknown
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $345,000 0.0% $114 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/30/2024 09/30/24 Off Market $345,000 -- --
09/05/2024 09/05/24 Price Changed $380,000 -2.6% $126 / Sq Ft
08/15/2024 08/15/24 Price Changed $390,000 0.0% $129 / Sq Ft
08/15/2024 08/15/24 For Sale $390,000 -4.9% $129 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/27/2024 07/27/24 Price Changed $410,000 -8.9% $136 / Sq Ft
06/26/2024 06/26/24 For Sale $450,000 0.0% $149 / Sq Ft
05/18/2020 05/18/20 Rented $1,495 0.0% --
05/14/2020 05/14/20 Under Contract -- -- --
04/17/2020 04/17/20 For Rent $1,495 -0.3% --
03/01/2019 03/01/19 Rented $1,500 0.0% --
02/11/2019 02/11/19 Under Contract -- -- --
01/10/2019 01/10/19 For Rent $1,500 0.0% --
09/17/2018 09/17/18 Sold $255,000 0.0% $84 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $255,000 -- $84 / 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 $3,314 $186,200 $0 $0
2023 $3,164 $175,000 $0 $0
2022 $3,006 $153,400 $0 $0
2021 $7,713 $133,900 $0 $0
2019 $7,534 $113,500 $0 $0
2018 $2,004 $94,100 $0 $0
2017 $6,442 $63,900 $0 $0
2016 $5,131 $87,200 $0 $0
2015 $9,140 $91,400 $0 $0
2013 $9,000 $91,900 $0 $0
2012 $2,557 $96,400 $23,300 $73,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240044939

Realcomp

APN: 39-007-02-0085-000