NOT LISTED FOR SALE

1426 Somerset Ave Unit 1428 SOMERSET Grosse Pointe Park, MI 48230

Estimated Value: $351,029 - $419,000

6 Beds
2 Baths
2,500 Sq Ft
$150/Sq Ft Est. Value

Last Sold October 13, 2014

Last sale price $140,000 $56 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $2,303/month

19 Days on Market

Highlights

  • Marina
  • Colonial Architecture
  • Main Floor Bedroom
  • George Defer Elementary School Rated A
  • Deck
  • Fenced Yard

About This Home

As of October 2014

MULTI FAMILY - UPDATED 2500 SQ/FT 3 BR/1 FULL BATH - UPPER / LOWER . LIVE IN ONE UNIT AND RENT THE OTHER. NEW KITCHENS, WINDOWS, ROOF, BOILER, HARDWOOD FLOORS , FRESH PAINT, DRIVEWAY WITH DETACHED GARAGE , CLOSE TO SCHOOL , ON CUL-DE-SAC STREET- Agent owned

Last Agent to Sell the Property

Evan Glass

Real Estate One Grosse Pointe License #MISPE-6501355904 Listed on: 08/28/2014

Last Buyer's Agent

Michelle Agosta

Sine & Monaghan LLC License #MISPE-6501375570

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 40x120
  • Street terminates at a dead end
  • Fenced Yard

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property is near schools

Utilities

  • Radiator
  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 39007020091000

Community Details

Overview

  • 2 Units

Recreation

  • Marina
  • Park

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Flood Insurance: Not Required
  • Flood Plain: Unknown
  • Total Tax Amount: 5549
  • Total Tax Year: 2013
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: First Floor Bedroom
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 2500

Exterior Features

  • Construction: Brick
  • Exterior Features: Deck, Fenced Yard, Patio, Porch, Satellite Dish, Sidewalks, Storms/Screens, Street Lights
  • Frontage: 40
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage, Electric In Garage, Gar Door Opener
  • Garage Spaces: 2
  • Parking: Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Radiator
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Marina, Park, Sidewalks, Street Lights

Schools

  • Elementary School: DEFER
  • Middle School: PIERCE
  • High School: SOUTH

Lot Info

  • Assessor Parcel Number: 39007020091000
  • Location: Dead End, Walk To School
  • Lot Dimensions: 40X120
  • Acreage: 0.3
  • Zoning: Multi-Family, Residential
  • Geo Subdivision: MI

Rental Info

  • Total Expenses: 8000

Tax Info

  • Summer Tax: Year: 2013, Amount: $3,035.00
  • Winter Tax: Year: 2013, Amount: $2,523.00
  • Taxable Value: 68000
  • Total Tax: Year: 2013, Amount: $5,549.00
  • SEV Year: 2013

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2019
Sold by
Nasher Waddah
Bought by
Schmotzer Christopher
Current Estimated Value
$374,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2014
Closed on
Oct 8, 2014
Sold by
Investments Concepts Enterprises Ice
Bought by
Nasher Waddah
Seller's Agent
Evan Glass
Real Estate One Grosse Pointe
Buyer's Agent
Michelle Agosta
Sine & Monaghan LLC
List Price
$159,000
Sold Price
$140,000
Premium/Discount to List
-$19,000
-11.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$112,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2014
Sold by
Glass Gene Evan and Glass Marian J
Bought by
Investment Concepts Enterprises

Purchase Details

Closed on
Feb 3, 2014
Sold by
Bank Of America Na
Bought by
Glass Gene E

Purchase Details

Closed on
Jun 28, 2012
Sold by
Martin Mary B
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 31, 2006
Sold by
Tighe Robert G
Bought by
Martin Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac
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
Schmotzer Christopher $295,000 First American Title Ins Co
Nasher Waddah $140,000 First American Title Ins Co
Investment Concepts Enterprises -- None Available
Glass Gene E $73,500 Parks Title
Bank Of America Na $213,298 None Available
Martin Mary B $185,000 Greco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christopher Schmotzer $246,000
Closed Schmotzer Christopher $250,750
Previous Owner Nasher Waddah $112,000
Previous Owner Martin Mary B $200,378
Previous Owner Martin Mary B $197,417
Previous Owner Martin Mary B $10,000
Previous Owner Martin Mary B $175,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2014 10/13/14 Sold $140,000 -11.9% $56 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
08/28/2014 08/28/14 For Sale $159,000 -- $64 / 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 $2,822 $141,200 $0 $0
2023 $2,695 $133,200 $0 $0
2022 $2,560 $117,800 $0 $0
2021 $5,809 $104,400 $0 $0
2019 $4,163 $87,300 $0 $0
2018 $1,750 $73,700 $0 $0
2017 $4,912 $43,800 $0 $0
2016 $4,140 $67,100 $0 $0
2015 $6,900 $69,000 $0 $0
2013 $6,800 $69,300 $0 $0
2012 $1,889 $72,300 $23,200 $49,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Evan Glass

    Real Estate One Grosse Pointe

    Section Image
  • Michelle Agosta

    Buyer's Agent in 2014

    Michelle Agosta

    Sine & Monaghan LLC

    (248) 762-9634

    4 in this area

    45 Total Sales

    Michelle Agosta
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31209731

Michigan Multiple Listing Service

APN: 39-007-02-0091-000

Michigan Wayne County Grosse Pointe Park 48230

1426 Somerset Ave Unit 1428 SOMERSET, Grosse Pointe Park, MI

This home is located at 1426 Somerset Ave Unit 1428 SOMERSET, Grosse Pointe Park, MI 48230 since 28 August 2014 and is currently estimated at $374,507, approximately $149 per square foot. This property was built in 1926. 1426 Somerset Ave Unit 1428 SOMERSET 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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