$150,000
SOLD MAY 1, 2015

1403 Somerset Ave Unit 5 Grosse Pointe Park, MI 48230

4 Beds
2 Baths
2,160 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$69 Per Sq Ft

9% Below List Price

16 Days on Market

Highlights

  • Forced Air Heating System
  • George Defer Elementary School Rated A
  • Garage

About This Home

As of January 2022

Nice brick two family with newer windows. Two bedrooms, one bath in each unit. Hardwood floors, separate basements. C of O good until Sept 2016

Last Agent to Sell the Property

Mark Monaghan

Sine & Monaghan LLC License #6501168047 Listed on: 12/01/2014

Sine & Monaghan LLC

Last Buyer's Agent

mark monaghan

Sine & Monaghan Realtors Real Living LLC GPF License #RCO-6501168047

Sine & Monaghan Realtors Real Living LLC GPF

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • Lot Dimensions are 40.00x118.00

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,160 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Somerset Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39007020020000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 267.5
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 2160
  • Total Sq Ft: 2160
  • Sq Ft Total Bsmt: 1080

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Dimensions: 40.00X118.00
  • Parcel Number: 39007020020000
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 2252.0000
  • Tax Amount Winter: 2606.0000
  • Total Tax: 4858.0000

Multi Family

  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

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%
Current Estimated Value
$342,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,633
Avg. Annual Appreciation
5.62%
Original Mortgage
$229,500
Outstanding Balance
$213,686
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$114,114

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
Source: Public Records

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 $270,000 Ata National Title
Warranty Deed $150,000 Greco Title Agency Llc
Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $229,500 New Conventional
Previous Owner $25,000 Stand Alone Second
Previous Owner $120,000 New Conventional
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: 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 $3,467 $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

    Seller's Agent in 2022

    Mark Monaghan

    Sine & Monaghan LLC

    (313) 402-6998

    13 in this area

    135 Total Sales

    Section Image
  • Miles Knight

    Buyer's Agent in 2022

    Miles Knight

    Sine & Monaghan LLC

    (313) 207-2576

    18 in this area

    85 Total Sales

    Section Image

  • T

    Seller's Agent in 2014

    Tanis Clark

    Sine & Monaghan LLC

  • N

    Buyer's Agent in 2014

    Nanci Bolton

    Bolton-Johnston Assoc of Grosse Pointe, REALTORS

    Section Image

  • J

    Buyer's Agent in 2012

    Jean G. Stroh

    Bolton-Johnston Assoc. of G.P.

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 214122501

Realcomp

APN: 39-007-02-0020-000

Michigan Wayne County Grosse Pointe Park 48230

1403 Somerset Ave Unit 5, Grosse Pointe Park, MI

This home is located at 1403 Somerset Ave Unit 5, Grosse Pointe Park, MI 48230 and is currently priced at $150,000, approximately $69 per square foot. This property was built in 1947. 1403 Somerset Ave Unit 5 is a home located in Wayne County with nearby schools including George Defer Elementary School, Pierce Middle School, and Grosse Pointe South High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes