Seller's Agent in 2022
Mark Monaghan
Sine & Monaghan LLC
(313) 402-6998
13 in this area
133 Total Sales
1403 Somerset Ave Unit 5 Grosse Pointe Park, MI 48230
Estimated Value: $308,000 - $342,000
4
Beds
2
Baths
2,160
Sq Ft
$148/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- George Defer Elementary School Rated A
- 2 Car Garage
About This Home
As of January 2022Nice 4 square two family brick income property. Hardwood floors throughout. First floor owner occupied with open kitchen/dining area. Both units have 2 bedrooms and one full bath each. Separate basements and separate gas and electric. Two car brick garage with additional storage shed off rear. Newly fenced private corner lot. Price reflects cosmetic decorating needs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1947
Lot Details
- Lot Dimensions are 40.00x118.00
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 39007020020000
Community Details
Overview
- 2 Units
- Somerset Road Sub Subdivision
Pet Policy
- Pet Restriction
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2021
Closed on
Jan 4, 2022
Sold by
Ferraro Iii Joseph A
Bought by
Mccormick Emma
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
Miles Knight
Sine & Monaghan LLC
List Price
$279,000
Sold Price
$270,000
Premium/Discount to List
-$9,000
-3.23%
Total Days on Market
121
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
$49,546
Avg. Annual Appreciation
5.24%
Original Mortgage
$229,500
Outstanding Balance
$213,686
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$105,860
Purchase Details
Listed on
Dec 1, 2014
Closed on
May 1, 2015
Sold by
Gudkese Jacquelin A and Toth Joseph A
Bought by
Ferraro Joseph A
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
mark monaghan
Sine & Monaghan Realtors Real Living LLC GPF
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$120,000
Interest Rate
3.68%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 5, 2002
Sold by
Briggs Molly I
Bought by
Chaffee Jeanette M
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 |
|---|---|---|---|
| Mccormick Emma | $270,000 | Ata National Title | |
| Ferraro Joseph A | $150,000 | Greco Title Agency Llc | |
| Chaffee Jeanette M | $220,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mccormick Emma | $229,500 | |
| Previous Owner | Ferraro Joseph A | $25,000 | |
| Previous Owner | Ferraro Joseph A | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2022 01/13/22 | Sold | $270,000 | -3.2% | $125 / Sq Ft |
| 11/24/2021 11/24/21 | Pending | -- | -- | -- |
| 07/26/2021 07/26/21 | For Sale | $279,000 | +86.0% | $129 / Sq Ft |
| 05/01/2015 05/01/15 | Sold | $150,000 | -9.1% | $69 / Sq Ft |
| 12/17/2014 12/17/14 | Pending | -- | -- | -- |
| 12/01/2014 12/01/14 | For Sale | $165,000 | 0.0% | $76 / Sq Ft |
| 04/28/2014 04/28/14 | Rented | $875 | 0.0% | -- |
| 08/27/2013 08/27/13 | Under Contract | -- | -- | -- |
| 08/22/2013 08/22/13 | For Rent | $875 | +9.4% | -- |
| 08/07/2012 08/07/12 | Rented | $800 | 0.0% | -- |
| 08/04/2012 08/04/12 | Under Contract | -- | -- | -- |
| 07/26/2012 07/26/12 | For Rent | $800 | -- | -- |
Source: Michigan Multiple Listing Service
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 | $3,467 | $141,100 | $0 | $0 |
| 2023 | $3,311 | $133,100 | $0 | $0 |
| 2022 | $1,900 | $117,600 | $0 | $0 |
| 2021 | $4,311 | $104,200 | $0 | $0 |
| 2019 | $4,309 | $87,200 | $0 | $0 |
| 2018 | $1,812 | $74,200 | $0 | $0 |
| 2017 | $5,065 | $45,300 | $0 | $0 |
| 2016 | $4,275 | $68,500 | $0 | $0 |
| 2015 | $7,150 | $71,500 | $0 | $0 |
| 2013 | $7,050 | $71,800 | $0 | $0 |
| 2012 | $2,080 | $75,000 | $23,200 | $51,800 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Monaghan
-
Miles Knight
Buyer's Agent in 2022
Miles Knight
Sine & Monaghan LLC
(313) 207-2576
18 in this area
91 Total Sales
-
T
Seller's Agent in 2014
Tanis Clark
Sine & Monaghan LLC
-
Buyer's Agent in 2014
Nanci Bolton
Bolton-Johnston Assoc of Grosse Pointe, REALTORS
(313) 378-0085
13 in this area
57 Total Sales
-
J
Buyer's Agent in 2012
Jean G. Stroh
Bolton-Johnston Assoc. of G.P.
(313) 402-6040
10 Total Sales
Map
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Source: Michigan Multiple Listing Service
MLS Number: 50059880
APN: 39-007-02-0020-000
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