$325,000
SOLD JAN 8, 2020

1520 Petrolia West Bloomfield, MI 48324

4 Beds
2 Baths
1,904 Sq Ft
0.33 Acres

Recently Sold

$171 Per Sq Ft

7% Below List Price

51 Days on Market

Highlights

  • Deck
  • Programmable Thermostat
  • Water Softener is Owned
  • Enclosed patio or porch
  • Forced Air Heating and Cooling System
  • Ceiling Fan

About This Home

As of February 2022

Great income potential! Completely remodeled Duplex with an in-law suite or teen suite in lower third unit. Live in 1 side and rent out the other or rent the whole thing. Two 2 bedroom units with 1 bath each. Laundry in each of the units. All new appliances 2018. The North unit has an extra storage loft upstairs and has access to the basement. The basement is set up as a 1 bedroom unit with separate kitchen and bathroom and entrance. The city only wants it to rent as a duplex butcheck with the to be sure. BATVAI

Last Agent to Sell the Property

Barbara Beaubien

Real Estate One-Milford License #6501384575 Listed on: 11/13/2019

Real Estate One-Milford

Last Buyer's Agent

Sherri Petryczkowycz

Powell Real Estate License #RCO-6501285715

Powell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2018

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 200x71x200x71
  • Private Entrance

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,904 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Walk-Up Access

Parking

  • 4 Parking Spaces
  • Unassigned Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Separate Meters
  • Natural Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1805102008

Community Details

Overview

  • 2 Units
  • Union Scotch Lake Sub No 1 Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,780

Year Built

Built in 1925 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Year Built: 1925
  • State Equalized Value: 116640.0000
  • Year Renovated: 2018
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Laundry Facility, Programmable Thermostat, Water Softener (owned)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Type: Walk-Up Access
  • Sq Ft Combined: 1904
  • Total Sq Ft: 1904
  • Sq Ft Total Bsmt: 400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement, Slab
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 200
  • Porch Type: Deck, Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Schools

  • School District: Waterford

Lot Info

  • List Price per Acre: 1060606.0606
  • Lot Size Area: 0.33
  • Lot Dimensions: 200x71x200x71
  • Parcel Number: 1805102008
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3100

Tax Info

  • Tax Amount Summer: 4455.0000
  • Tax Amount Winter: 1325.0000
  • Total Tax: 5780.0000
  • Taxable Value: 112570.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

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
Current Estimated Value
$413,851

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
4.99%

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
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $325,000 None Available
Personal Reps Deed $6,300 None Available
Sheriffs Deed $87,896 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $116,000 Unknown
Previous Owner $116,000 Unknown
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: 219114268

Realcomp

APN: 18-05-102-008