$315,000
SOLD MAR 26, 2024 RENTED DEC 26, 2024

1411 Wayburn St Grosse Pointe, MI 48230

4 Beds
2 Baths
1,800 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$175 Per Sq Ft

2% Below List Price

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of March 2024

Great investment opportunity in Grosse Pointe Park! This updated spacious two family has solid monthly rental income. Both units have updated kitchens, newer appliances with 2 bedrooms and one bath. Refinished hardwood floors throughout with lots of natural light. All big ticket items have been recently done with newer HVAC's, 2 car automatic garage with two doors for easy entry from the newer driveway or from the alley. Completely private fenced in backyard. Tear off roof in 2018. Close to the Charlevoix District and West Park restaurants, shops and nightlife. Take advantage of all that Grosse Pointe Park has to offer including two private resident only waterfront parks! Close proximity to downtown Detroit. Upper unit is vacant. Lower unit rents at a competitive rate! Move in and let your tenant pay towards your mortgage, or invest in the fastest appreciating of all the Pointes and watch your equity grow. This is an exceptional rental at a reasonable price. Don't miss out!

Last Agent to Sell the Property

Michael Defauw

Sine & Monaghan LLC License #MISPE-6501387091 Listed on: 03/06/2024

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35x120

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Units
  • De Ronne Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39-007-11-0003-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,161

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1923
  • Mail City: Grosse Pointe Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Partially Finished
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 1800

Exterior Features

  • Frontage: 35
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 39-007-11-0003-000
  • Lot Dimensions: 35X120
  • Acreage: 0.08

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,822.00
  • Winter Tax: Year: 2023, Amount: $4,339.00
  • Taxable Value: 113450
  • Total Tax: Year: 2023, Amount: $7,161.00
  • SEV Year: 2023

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
Mar 6, 2024
Closed on
Mar 26, 2024
Sold by
Big Block Realty Llc
Bought by
Rizwan Aliza
Seller's Agent
Michael Defauw
Sine & Monaghan LLC
List Price
$320,000
Sold Price
$315,000
Premium/Discount to List
-$5,000
-1.56%
Views
34
Current Estimated Value
$319,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,166
Avg. Annual Appreciation
1.07%
Original Mortgage
$236,250
Outstanding Balance
$233,742
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$85,424

Purchase Details

Closed on
Jun 2, 2021
Sold by
Mcneal Anthony
Bought by
Big Block Realty Llc

Purchase Details

Listed on
Jan 8, 2021
Closed on
Mar 19, 2021
Sold by
Skipp Douglas and Skipp Douglas
Bought by
Moneal Anthony
Seller's Agent
Michael Defauw
Sine & Monaghan LLC
Buyer's Agent
Sarah Minter
Wentworth Real Estate Group
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$198,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2004
Sold by
Distefano Mary J and Distefano Alfonso
Bought by
Skiipp Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,059
Interest Rate
5.91%
Mortgage Type
FHA
Source: Public Records

Similar Home in Grosse Pointe, MI

  • 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 $315,000 Ata National Title
Quit Claim Deed -- None Available
Warranty Deed $265,000 Ata National Title Group Llc
Warranty Deed $120,000 Greco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Previous Owner $198,750 New Conventional
Previous Owner $111,365 FHA
Previous Owner $119,059 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Rented $1,295 0.0% --
12/21/2024 12/21/24 Under Contract -- -- --
11/04/2024 11/04/24 Price Changed $1,295 -4.1% $1 / Sq Ft
10/16/2024 10/16/24 For Rent $1,350 0.0% --
03/26/2024 03/26/24 Sold $315,000 -1.6% $175 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $320,000 0.0% $178 / Sq Ft
08/01/2022 08/01/22 Rented $1,400 0.0% --
07/31/2022 07/31/22 Under Contract -- -- --
07/31/2022 07/31/22 Price Changed $1,400 -6.7% $2 / Sq Ft
07/13/2022 07/13/22 Price Changed $1,500 0.0% $2 / Sq Ft
06/23/2022 06/23/22 Rented $1,500 -6.3% --
06/23/2022 06/23/22 For Rent $1,600 +6.7% --
06/23/2022 06/23/22 Under Contract -- -- --
06/12/2022 06/12/22 Price Changed $1,500 -6.3% $2 / Sq Ft
05/03/2022 05/03/22 For Rent $1,600 +14.3% --
08/03/2021 08/03/21 Rented $1,400 0.0% --
05/25/2021 05/25/21 Under Contract -- -- --
03/22/2021 03/22/21 For Rent $1,400 0.0% --
03/19/2021 03/19/21 Sold $265,000 -3.6% $147 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $275,000 0.0% $153 / Sq Ft
12/20/2017 12/20/17 Rented $1,100 +10.0% --
12/01/2017 12/01/17 Under Contract -- -- --
11/10/2017 11/10/17 Price Changed $1,000 -9.1% $1 / Sq Ft
10/17/2017 10/17/17 For Rent $1,100 -- --
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 $2,956 $125,300 $0 $0
2023 $2,822 $121,800 $0 $0
2022 $2,506 $101,000 $0 $0
2021 $2,946 $92,100 $0 $0
2019 $2,878 $78,700 $0 $0
2018 $1,095 $61,200 $0 $0
2017 $3,765 $39,600 $0 $0
2016 $2,926 $47,300 $0 $0
2015 $4,098 $41,700 $0 $0
2013 $3,970 $41,500 $0 $0
2012 $1,147 $42,900 $7,700 $35,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50135148

Michigan Multiple Listing Service

APN: 39-007-11-0003-000