NOT LISTED FOR SALE

1477 Maryland St Grosse Pointe Park, MI 48230

Estimated Value: $259,000 - $321,000

3 Beds
2 Baths
1,689 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $259,900 $154 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,940/month

10 Days on Market

Highlights

  • Craftsman Architecture
  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • George Defer Elementary School Rated A
  • Balcony
  • 2 Car Garage

About This Home

As of May 2023

Showings start Thursday 3/30. This is a FANTASTIC opportunity for investors or anyone looking for a tenant to help cover costs. Short walk to restaurants, markets, and pubs on Charlevoix and Kercheval - easy access to downtown and all freeways. Updates include - new gutters(2023), chimney(2023), refinished hardwood floors in upper(2021), wood railings on upper unit front and back balcony(2022), automatic garage door openers(2021), hot water tank(2021), roof(2018) with 50-year warranty, furnace and central air(2018). The upstairs unit has been owner-occupied until recently and was renovated(2018) with a new kitchen, stainless appliances, insulation blown in the attic, and all new windows - the upper unit is 1 bedroom with an eat-in kitchen, full bath, living area, and a bonus room perfect for an office.
The lower unit has an 8-year tenant that is on a month-to-month lease(willing to continue) - the unit has a lot of space, 2 bedrooms, 1 full bath, dining, and living area w/ hardwood floors under carpet, fireplace, kitchen, and a sunroom.

Updated Cert of Occupancy for both units.

The basement is a shared space for both units with a washer/dryer and storage - 2 car detached garage in the back.

Last Agent to Sell the Property

Selling Woodward with Brie & Renee

Max Broock, REALTORS-Royal Oak License #6501411428 Listed on: 03/30/2023

Max Broock, REALTORS-Royal Oak

Last Buyer's Agent

Robert Coburn

RE/MAX First License #6501265468

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 42.80 x 103.90

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,689 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 39007080026000
  • $2,500 Seller Concession

Community Details

Overview

  • 2 Units
  • Maryland Park Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,381

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Craftsman
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 117200.0000
  • Pets Allowed: Cats OK | Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1689
  • Total Sq Ft: 1689
  • Sq Ft Total Bsmt: 1152

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 42.80 x 103.90
  • Parcel Number: 39007080026000
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Heat, Electric, Trash Collection (Garbage Pickup), Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2160

Tax Info

  • Tax Amount Summer: 2792.0000
  • Tax Amount Winter: 3589.0000
  • Total Tax: 6381.0000
  • Taxable Value: 112493.0000

Multi Family

  • Gross Scheduled Income: 25920.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
May 5, 2023
Sold by
Sox Andrea
Bought by
Morrow Liam
Seller's Agent
Selling Woodward with Brie & Renee
Max Broock, REALTORS-Royal Oak
Buyer's Agent
Robert Coburn
RE/MAX First
List Price
$259,900
Sold Price
$259,900
Views
30
Current Estimated Value
$298,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,721
Avg. Annual Appreciation
6.57%
Original Mortgage
$220,915
Outstanding Balance
$215,835
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$81,798

Purchase Details

Listed on
May 1, 2020
Closed on
Aug 7, 2020
Sold by
Wolfe Matthew
Bought by
Sox Andrea
Seller's Agent
Selling Woodward with Brie & Renee
Max Broock, REALTORS-Royal Oak
Buyer's Agent
Selling Woodward with Brie & Renee
Max Broock, REALTORS-Royal Oak
List Price
$219,000
Sold Price
$200,000
Premium/Discount to List
-$19,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%
Original Mortgage
$160,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2017
Closed on
Dec 18, 2017
Sold by
Safadi Robert and Safadi Edmond
Bought by
Wolfe Matthew
Seller's Agent
Charles Cacchione
RE/MAX First
Buyer's Agent
Kathleen Best
RE/MAX Eclipse
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2005
Sold by
Sweiss Simon and Mashini Wahib
Bought by
Safadi Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Morrow Liam $259,900 Ata National Title
Morrow Liam $259,900 Ata National Title
Sox Andrea $200,000 None Available
Wolfe Matthew $150,000 Partners Title Group Inc
Safadi Robert $135,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrow Liam $220,915
Closed Morrow Liam $220,915
Previous Owner Sox Andrea $160,000
Previous Owner Wolfe Matthew $142,500
Previous Owner Safadi Robert H $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $259,900 0.0% $154 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $259,900 +30.0% $154 / Sq Ft
08/11/2020 08/11/20 Sold $200,000 -6.9% $118 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
06/03/2020 06/03/20 Price Changed $214,900 -1.9% $126 / Sq Ft
05/01/2020 05/01/20 For Sale $219,000 +46.0% $129 / Sq Ft
12/18/2017 12/18/17 Sold $150,000 +0.1% $88 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
08/29/2017 08/29/17 Price Changed $149,900 0.0% $88 / Sq Ft
08/29/2017 08/29/17 For Sale $149,900 -0.1% $88 / Sq Ft
08/08/2017 08/08/17 Off Market $150,000 -- --
07/03/2017 07/03/17 For Sale $179,900 -- $106 / 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 $3,307 $133,300 $0 $0
2023 $2,938 $128,600 $0 $0
2022 $2,792 $117,200 $0 $0
2021 $6,333 $108,900 $0 $0
2019 $4,234 $86,800 $0 $0
2018 $1,715 $66,300 $0 $0
2017 $3,995 $38,700 $0 $0
2016 $3,115 $46,600 $0 $0
2015 $4,390 $43,900 $0 $0
2013 $4,350 $45,500 $0 $0
2012 $1,233 $47,100 $7,900 $39,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230021951

Realcomp

APN: 39-007-08-0026-000