NOT LISTED FOR SALE

1451 Hendricks Way Waterford, MI 48328

Waterford Township Neighborhood

Estimated Value: $137,009 - $182,000

4 Beds
4 Baths
1,616 Sq Ft
$100/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $280,000 $173 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $1,035/month

27 Days on Market

Highlights

  • Ranch Style House
  • Porch
  • Private Entrance

About This Home

As of September 2023

Excellent and unique investment opportunity in Waterford! Four income-producing, individual one-bedroom homes available in one sale! Each home has long-term, great tenants with month-to-month leases. Tenants handle maintenance of property and all utilities. Separate garage with four storage closets available for tenants. Two (four car wide) driveways for tenants and guests. One unit has a laundry room. Updates include new roof on all four units in 2022. New furnace in two units within the last two years. Great neighborhood, close to dining, parks, lakes, and beaches. ***No showing/inspection prior to acceptable offer*** The seller is not providing access to the property. The property is occupied and the occupants are not to be disturbed or contacted under any circumstances. Please do not trespass."**

Last Agent to Sell the Property

Katie Wright

Keller Williams Premier License #6506046637 Listed on: 08/18/2023

Keller Williams Premier

Last Buyer's Agent

Joseph Ayers

3DX Real Estate LLC License #RCO-6501379291

3DX Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1948

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 90.00 x 120.00
  • Private Entrance

Parking

  • 8 Parking Spaces

Home Design

  • 1,616 Sq Ft Home
  • Ranch Style House
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 4 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1334484002

Community Details

Overview

  • 4 Units
  • Meniwaters Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,788

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 44.00; Street Light
  • Year Built: 1948
  • State Equalized Value: 39440.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Smoke Alarm
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 1616
  • Total Sq Ft: 1616

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Private Entry
  • Frontage Feet: 90
  • Porch Type: Porch
  • Road Frontage Type: Gravel, Pub. Sidewalk

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)

Fee Information

  • Operating Expense: 6500.00

Schools

  • School District: Waterford

Lot Info

  • Lot Size Area: 0.26
  • Lot Dimensions: 90.00 x 120.00
  • Parcel Number: 1334484002
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 3100

Tax Info

  • Tax Amount Summer: 1958.0000
  • Tax Amount Winter: 830.0000
  • Total Tax: 2788.0000
  • Taxable Value: 25130.0000

Multi Family

  • Gross Scheduled Income: 37200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Waterford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Sep 18, 2023
Sold by
Clark Chad
Bought by
T & C Homes Llc
Seller's Agent
Katie Wright
Keller Williams Premier
Buyer's Agent
Joseph Ayers
3DX Real Estate LLC
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%
Views
127
Current Estimated Value
$162,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,664
Avg. Annual Appreciation
-22.82%

Purchase Details

Closed on
Feb 27, 2004
Sold by
Development Strategy Group Llc
Bought by
Korot Alexander and Korot Svetlana N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 24, 2002
Sold by
Newman Robert J and Torrey Norman
Bought by
Development Strategies Group Llc

Purchase Details

Closed on
Jun 18, 1998
Sold by
Blouin Howard T
Bought by
Edie Valerie A
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 Buyer Sale Price Title Company
T & C Homes Llc -- None Listed On Document
Korot Alexander $142,800 Philip R Seaver Title Co Inc
Development Strategies Group Llc $140,000 Philip R Seaver Title Co Inc
Edie Valerie A $63,201 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korot Alexander $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $280,000 -6.6% $173 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $299,900 -- $186 / 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 $1,803 $45,820 $0 $0
2023 $1,027 $43,320 $0 $0
2022 $1,393 $39,860 $0 $0
2021 $1,333 $37,370 $0 $0
2020 $948 $35,040 $0 $0
2019 $1,307 $33,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Wright

    Seller's Agent in 2023

    Katie Wright

    Keller Williams Premier

    (248) 403-3182

    117 in this area

    449 Total Sales

    Katie Wright
    Section Image

  • J

    Buyer's Agent in 2023

    Joseph Ayers

    3DX Real Estate LLC

    (810) 227-4600

    5 in this area

    59 Total Sales

    Joseph Ayers
    Section Image
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Map

Source: Realcomp

MLS Number: 20230068703

Realcomp

APN: 13-34-484-001

Michigan Oakland County Waterford 48328 Waterford Township

1451 Hendricks Way, Waterford, MI

This home is located at 1451 Hendricks Way, Waterford, MI 48328 since 18 August 2023 and is currently estimated at $162,336, approximately $100 per square foot. This property was built in 1948. 1451 Hendricks Way is a home located in Oakland County with nearby schools including Haviland Elementary School, Mason Middle School, and Waterford Mott 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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