NOT LISTED FOR SALE

1408 W Maple Rd Milford, MI 48381

Estimated Value: $331,000 - $529,000

8 Beds
4 Baths
2,417 Sq Ft
$174/Sq Ft Est. Value

Last Sold January 27, 2012

Last sale price $114,000 $47 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $2,368/month

28 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Forced Air Heating System
  • Porch

About This Home

As of January 2012

Great investment opportunity. Existing quadruplex with four 2-bedroom units plus basement storage and laundry area for extra income - great value. This is a Fannie Mae HomePath property. This property is approved for HomePath Mortgage and HomePath Renovation Mortgage Financing. MULTIPLE OFFER PROCEDURE: HIGHEST & BEST TO BE SUBMITTED NO LATER THAN 1/4 AT 12:00 PM

Last Agent to Sell the Property

Bob Witt

BHHS Heritage Real Estate License #6504153348 Listed on: 12/12/2011

BHHS Heritage Real Estate

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 240x159x243x162

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 4 Full Bathrooms
  • 2,417 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 1628400010

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Assessment: YES
  • Year Built: 1959
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2417

Exterior Features

  • Foundation Details: Basement, Crawl
  • Construction Materials: Brick, Wood
  • Porch Type: Deck, Porch
  • Road Frontage Type: Gravel

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 143864.0000
  • Lot Size Area: 0.88
  • Lot Dimensions: 240X159X243X162
  • Parcel Number: 1628400010
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Monthly Rental Income: 650

Tax Info

  • Tax Amount Summer: 3125.0000
  • Tax Amount Winter: 1345.0000
  • Total Tax: 4470.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Huron Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2011
Closed on
Jan 11, 2012
Sold by
Oakland County Treasurer
Bought by
Fifth Third Bank
Seller's Agent
Bob Witt
BHHS Heritage Real Estate
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$126,600
Sold Price
$114,000
Premium/Discount to List
-$12,600
-9.95%
Current Estimated Value
$394,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,859
Avg. Annual Appreciation
9.84%

Purchase Details

Closed on
Nov 2, 2010
Sold by
Lund Rebecca A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 25, 2005
Sold by
Lund Rebecca A
Bought by
Seba Group Llc

Purchase Details

Closed on
Feb 2, 2005
Sold by
Seba Group Llc
Bought by
Lund Rebecca A

Purchase Details

Closed on
Jan 30, 2001
Sold by
Danley Charles B
Bought by
Seba Group
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Fifth Third Bank $422 None Available
Federal National Mortgage Association $282,968 None Available
Seba Group Llc -- --
Lund Rebecca A -- --
Seba Group $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Seba Group $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2012 01/27/12 Sold $114,000 -10.0% $47 / Sq Ft
01/09/2012 01/09/12 Pending -- -- --
12/12/2011 12/12/11 For Sale $126,600 -- $52 / 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 $3,512 $122,090 $0 $0
2023 $3,348 $111,080 $0 $0
2022 $4,810 $99,530 $0 $0
2021 $4,393 $96,920 $0 $0
2020 $3,015 $92,520 $0 $0
2019 $4,214 $88,560 $0 $0
2018 $4,134 $88,750 $0 $0
2017 $4,058 $88,750 $0 $0
2016 $4,016 $84,190 $0 $0
2015 -- $78,710 $0 $0
2014 -- $70,210 $0 $0
2011 -- $76,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 211127498

Realcomp

APN: 16-28-400-010