NOT LISTED FOR SALE

1406 Somerset Ave Unit 8 Grosse Pointe Park, MI 48230

Estimated Value: $330,000 - $359,000

4 Beds
2 Baths
2,280 Sq Ft
$153/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $285,000 $125 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,234/month

133 Days on Market

About This Home

As of March 2022

Stately brick two family home near Mack Ave. Currently occupied by long term tenants. Newer roof. Central A/C in both units.

Last Agent to Sell the Property

James Depuys

Real Estate One Grosse Pointe License #MISPE-6506008961 Listed on: 08/04/2021

Real Estate One Grosse Pointe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 119

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • Somerset Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39-007-02-0086-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,133

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 5133
  • Year Built: 1949
  • Mail City: Grosse Pointe Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Estimated Sq Ft: 2280

Exterior Features

  • Construction: Brick
  • Frontage: 40
  • Foundation Type: Basement

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 39-007-02-0086-000
  • Lot Dimensions: 40 x 119
  • Acreage: 0.11
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,974.00
  • Winter Tax: Year: 2020, Amount: $3,159.00
  • Total Tax: Amount: $5,133.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Mar 25, 2022
Sold by
Nazarko and Klodiana
Bought by
Williams Nicholas
Seller's Agent
James Depuys
Real Estate One Grosse Pointe
List Price
$294,000
Sold Price
$285,000
Premium/Discount to List
-$9,000
-3.06%
Current Estimated Value
$349,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,739
Avg. Annual Appreciation
5.37%
Original Mortgage
$233,700
Outstanding Balance
$222,765
Interest Rate
4.42%
Estimated Equity
$116,153
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Williams Nicholas $285,000 Ata National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Nicholas $233,700
Closed Williams Nicholas $233,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $285,000 -3.1% $125 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $294,000 +3.2% $129 / Sq Ft
11/30/2021 11/30/21 Off Market $285,000 -- --
10/13/2021 10/13/21 Price Changed $294,000 -1.7% $129 / Sq Ft
08/04/2021 08/04/21 For Sale $299,000 -- $131 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,639 $148,100 $0 $0
2023 $3,475 $139,700 $0 $0
2022 $2,017 $123,300 $0 $0
2021 $5,176 $108,900 $0 $0
2019 $5,056 $92,500 $0 $0
2018 $1,924 $78,700 $0 $0
2017 $6,204 $49,500 $0 $0
2016 $4,936 $72,800 $0 $0
2015 $7,600 $76,000 $0 $0
2013 $7,490 $76,400 $0 $0
2012 $2,115 $79,900 $23,300 $56,600
Source: Public Records

Agents Affiliated with this Home

  • James Depuys

    Seller's Agent in 2022

    James Depuys

    Real Estate One Grosse Pointe

    (313) 600-2356

    3 in this area

    23 Total Sales

    James Depuys
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50050713

Michigan Multiple Listing Service

APN: 39-007-02-0086-000

Michigan Wayne County Grosse Pointe Park 48230

1406 Somerset Ave Unit 8, Grosse Pointe Park, MI

This home is located at 1406 Somerset Ave Unit 8, Grosse Pointe Park, MI 48230 since 04 August 2021 and is currently estimated at $349,739, approximately $153 per square foot. This property was built in 1949. 1406 Somerset Ave Unit 8 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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