NOT LISTED FOR SALE

1520 Petrolia West Bloomfield, MI 48324

Estimated Value: $363,000 - $477,749

4 Beds
3 Baths
1,904 Sq Ft
$217/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $310,000 $163 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,724/month

23 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Dogs Allowed

About This Home

As of February 2022

Great Income Potential! Remodeled Duplex- Two bedroom, one bath in both units. Larger unit has a finished walkout basement with Full bath, bedroom, large walk in closet and second kitchen with Laundry room. Both units have newer updated kitchen and bath and flooring. Smaller unit has new fenced yard with patio. Live on one side and rent the other unit or rent both units. Both sides are currently rented.

Last Listed By

Sherri Petryczkowycz

Brookstone, Realtors LLC License #6501285715 Listed on: 01/13/2022

Brookstone, Realtors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 71.00x200.00

Home Design

  • Duplex
  • Ranch Style House
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 1,904 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • Union Scotch Lake Sub No 1 Subdivision

Pet Policy

  • Limit on the number of pets
  • Dogs Allowed
  • The building has rules on how big a pet can be within a unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,161

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Ranch
  • Architecture Level: 1 Story
  • Assessment: 265.64
  • Year Built: 1925
  • State Equalized Value: 136040.0000
  • Pets Allowed: Dogs OK, Number Limit, Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished, Walkout Access
  • Sq Ft Combined: 2904
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 1904
  • Sq Ft Total Bsmt: 1150

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Gravel

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Schools

  • School District: Waterford

Lot Info

  • Lot Size Area: 0.33
  • Lot Dimensions: 71.00X200.00
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 50000.00
  • Monthly Rental Income: 3300

Tax Info

  • Tax Amount Summer: 5599.0000
  • Tax Amount Winter: 1562.0000
  • Total Tax: 7161.0000
  • Taxable Value: 136040.0000

Multi Family

  • Gross Scheduled Income: 39600.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Waterford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
Gheesling Enterprises Llc
Bought by
Gheesling Enterprises Llc and Gheesling
Total Days on Market
23
Current Estimated Value
$412,687

Purchase Details

Listed on
Nov 13, 2019
Closed on
Jan 8, 2020
Sold by
Apl Assets Llc
Bought by
Jaco Real Estate Llc
Seller's Agent
Barbara Beaubien
Real Estate One-Milford
Buyer's Agent
Sherri Petryczkowycz
Powell Real Estate
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%

Purchase Details

Closed on
Aug 14, 2017
Sold by
Bauserman Michelle R
Bought by
Apl Assets Llc

Purchase Details

Closed on
Jun 13, 2017
Sold by
Wilcox James E
Bought by
Hkwa Properties Llc

Purchase Details

Closed on
Nov 6, 1995
Sold by
Abbo Peter
Bought by
Wilcox James E

Purchase Details

Closed on
Sep 5, 1995
Sold by
Balmer Josephine M
Bought by
Wilcox James E

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
Gheesling Enterprises Llc -- None Listed On Document
Jaco Real Estate Llc $325,000 None Available
Apl Assets Llc $6,300 None Available
Hkwa Properties Llc $87,896 None Available
Wilcox James E -- --
Wilcox James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilcox James E $116,000
Previous Owner Wilcox James E $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $310,000 -10.7% $163 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $347,000 +6.8% $182 / Sq Ft
01/08/2020 01/08/20 Sold $325,000 -7.1% $171 / Sq Ft
01/03/2020 01/03/20 Pending -- -- --
11/13/2019 11/13/19 For Sale $350,000 0.0% $184 / Sq Ft
08/14/2018 08/14/18 Rented $2,600 +92.6% --
08/14/2018 08/14/18 Under Contract -- -- --
07/10/2018 07/10/18 For Rent $1,350 -- --
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 $5,097 $173,020 $0 $0
2022 $5,789 $143,890 $31,730 $112,160
2021 $7,441 $136,040 $0 $0
2020 $4,533 $128,300 $31,730 $96,570
2018 $5,181 $96,720 $26,400 $70,320
2015 -- $75,480 $0 $0
2014 -- $71,300 $0 $0
2011 -- $68,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220002803

Realcomp

APN: 18-05-102-008