$140,000
SOLD OCT 13, 2014

1426 Somerset Ave Grosse Pointe Park, MI 48230

6 Beds
2 Baths
2,500 Sq Ft
871 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

12% Below List Price

22 Days on Market

Highlights

  • Deck
  • Balcony
  • Ceiling Fan
  • George Defer Elementary School Rated A
  • Porch
  • 2 Car Garage

About This Home

As of October 2019

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

Last Agent to Sell the Property

Evan Glass

Real Estate in the Pointes License #6501355904 Listed on: 08/25/2014

Last Buyer's Agent

Michelle Agosta

Sine & Monaghan LLC License #6501375570

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 40x120
  • Private Entrance

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • Satellite Dish

Community Details

  • 2 Units
  • Somerset Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39007020091000
  • $4,200 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 267.5
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 2500
  • Total Sq Ft: 2500
  • Sq Ft Total Bsmt: 1250

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Entry, Satellite Dish
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Balcony, Deck, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages, Paved
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Steam
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Dimensions: 40X120
  • Parcel Number: 39007020091000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 3025.0000
  • Tax Amount Winter: 2524.0000
  • Total Tax: 5549.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Grosse Pointe

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
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 Type Sale Price Title Company
Warranty Deed $295,000 First American Title Ins Co
Warranty Deed $140,000 First American Title Ins Co
Quit Claim Deed -- None Available
Deed $73,500 Parks Title
Sheriffs Deed $213,298 None Available
Warranty Deed $185,000 Greco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $246,000 New Conventional
Closed $250,750 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $200,378 FHA
Previous Owner $197,417 FHA
Previous Owner $10,000 Stand Alone Second
Previous Owner $175,750 Fannie Mae Freddie Mac
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: 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 $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

    5 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

    87 Total Sales

    Thomas Fincham
    Section Image

  • E

    Seller's Agent in 2014

    Evan Glass

    Real Estate in the Pointes

See All Agents

Map

Source: Realcomp

MLS Number: 214086468

Realcomp

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 and is currently priced at $140,000, approximately $56 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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