NOT LISTED FOR SALE

1426 Somerset Ave 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 29, 2019

Last sale price $295,000 $118 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,303/month

36 Days on Market

Highlights

  • Marina
  • Access To Lake
  • Wood Flooring
  • George Defer Elementary School Rated A
  • Colonial Architecture
  • Tennis Courts

About This Home

As of October 2019

***3 BEDROOM, 1 FULL BATH, UPPER & LOWER, BRICK MULTI-FAMILY ON A CUL-DE-SAC IN THE HEART GROSSE POINTE PARK! EACH LIVING QUARTERS OFFERS 3 BEDROOMS, UPDATED KITCHEN, LARGE LIVING ROOM, DINING ROOM, HIGH CEILINGS & HARDWOOD FLOORS THROUGHOUT! LOTS OF CHARM W/LEADED GLASS WINDOWS, PLASTER DETAILS AND SUBWAY TILE. WALK TO SCHOOL, PARKS & RESTAURANTS! ACCESS TO (2) LAKEFRONT PARKS W/ MARINA, POOLS, MOVIE THEATER & MORE!!

Last Agent to Sell the Property

Michelle Agosta

Sine & Monaghan LLC License #MISPE-6501375570 Listed on: 08/21/2019

Sine & Monaghan LLC

Last Buyer's Agent

Thomas Fincham

Community Choice Realty Inc License #6501370724

Community Choice Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 40 x 119
  • Cul-De-Sac
  • Street terminates at a dead end
  • Private Entrance

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Freezer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Balcony
  • Patio
  • Porch

Schools

  • Defer Elementary School
  • Pierce Middle School
  • Grosse Pointe South High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 39007020091000

Community Details

Overview

  • 2 Units
  • Somerset Road Sub Subdivision

Recreation

  • Marina
  • Tennis Courts
  • Community Playground
  • Exercise Course
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,428

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Total Tax Amount: 4427.69
  • Year Built: 1926
  • Mail City: Grosse Pointe Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Hardwood Floors
  • Appliances: Dryer, Freezer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: Entry, Lower Level Laundry, Utility/Laundry Room
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2500

Exterior Features

  • Construction: Brick
  • Exterior Features: Patio, Porch, Sidewalks, Exterior Balcony
  • Frontage: 40
  • Water Features: Lake/River Access
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: Garage, 3 Or More Spaces

Utilities

  • Water: Community
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s), Wall/Window A/C
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Community

Condo/Co-op/Association

  • Community Amenities: Exercise/Facility Room, Marina, Park, Playground, Sidewalks, Street Lights, Tennis Courts, Private Entry

Schools

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

Lot Info

  • Assessor Parcel Number: 39007020091000
  • Location: Subdivision, Cul-De-Sac, Dead End
  • Lot Dimensions: 40 x 119
  • Acreage: 0.02
  • Zoning: Residential

Rental Info

  • Lease Information: No Pets Allowed

Tax Info

  • Summer Tax: Year: 2019, Amount: $1,776.07
  • Winter Tax: Year: 2018, Amount: $2,651.62
  • Taxable Value: 69307
  • Total Tax: Amount: $4,427.69
  • SEV Year: 2018

Multi Family

  • Total Units: 2

MLS Schools

  • Elementary School: DEFER
  • Middle School: PIERCE
  • School District: Grosse Pointe Public Schools
  • HighSchool: GROSSE POINTE SOUTH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Oct 29, 2019
Sold by
Nasher Waddah
Bought by
Schmotzer Christopher
Seller's Agent
Michelle Agosta
Sine & Monaghan LLC
Buyer's Agent
Thomas Fincham
Community Choice Realty Inc
List Price
$299,999
Sold Price
$295,000
Premium/Discount to List
-$4,999
-1.67%
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.
Estimated Appreciation
$79,507
Avg. Annual Appreciation
4.46%
Original Mortgage
$250,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 25, 2014
Closed on
Oct 8, 2014
Sold by
Investments Concepts Enterprises Ice
Bought by
Nasher Waddah
Seller's Agent
Evan Glass
Real Estate in the Pointes
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
15.90%
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
10/29/2019 10/29/19 Sold $295,000 -1.7% $118 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $299,999 +114.3% $120 / Sq Ft
10/13/2014 10/13/14 Sold $140,000 -11.9% $56 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
08/25/2014 08/25/14 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

  • Michelle Agosta

    Seller's Agent in 2019

    Michelle Agosta

    Sine & Monaghan LLC

    (248) 762-9634

    4 in this area

    45 Total Sales

    Michelle Agosta
    Section Image
  • Thomas Fincham

    Buyer's Agent in 2019

    Thomas Fincham

    Community Choice Realty Inc

    (586) 899-5565

    7 in this area

    88 Total Sales

    Thomas Fincham
    Section Image

  • E

    Seller's Agent in 2014

    Evan Glass

    Real Estate in the Pointes

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31391744

Michigan Multiple Listing Service

APN: 39-007-02-0091-000

Michigan Wayne County Grosse Pointe Park 48230

1426 Somerset Ave, Grosse Pointe Park, MI

This home is located at 1426 Somerset Ave, Grosse Pointe Park, MI 48230 since 21 August 2019 and is currently estimated at $374,507, approximately $149 per square foot. This property was built in 1926. 1426 Somerset Ave 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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