NOT LISTED FOR SALE

15800 E Jefferson Ave Grosse Pointe Park, MI 48230

Estimated Value: $492,000 - $974,000

4 Beds
4 Baths
3,888 Sq Ft
$167/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $385,000 $99 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,117/month

47 Days on Market

Highlights

  • Outdoor Pool
  • Colonial Architecture
  • 2 Car Garage
  • Pierce Middle School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of December 2022

Huge duplex located on the water side of Jefferson. These massive 2 bedroom units are perfect to either live in one unit rent out the other or rent out both and have a solid income producing property. Each unit has 2 bedrooms 2 full bathrooms, one being a primary full bath which is a huge selling feature to achieve higher rent. Endless amounts of character throughout from its large windows allowing an abundance of natural light, beautiful hardwood floors, bonus Florida rooms for extra living space, natural fireplaces in each unit and so much more. Big ticket updates to put a new owner at ease include, new roof and new gas forced air furnaces. Tons of potential and more runway to increase the rents to make this building a homerun.

Last Listed By

Spencer Ray

Jim Saros Real Estate Services License #6501409153 Listed on: 10/06/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 152.30 x 74.20

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,888 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Pool

  • Outdoor Pool

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 39006040094001

Community Details

Overview

  • 2 Units
  • Lakeview Estates Sub Subdivision

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1950
  • State Equalized Value: 356400.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3888
  • Total Sq Ft: 3888
  • Sq Ft Total Bsmt: 1258

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Pool – Community
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Fee Information

  • Operating Expense: 13000.00

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.26
  • Lot Dimensions: 152.30 x 74.20
  • Parcel Number: 39006040094001
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Yard Maintenance
  • Monthly Rental Income: 3100

Tax Info

  • Tax Amount Summer: 4263.0000
  • Tax Amount Winter: 6863.0000
  • Total Tax: 11126.0000
  • Taxable Value: 169164.0000

Multi Family

  • Gross Scheduled Income: 37200.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Dec 21, 2022
Sold by
J & C Property Enterprise Llc
Bought by
Bowman Michael and Bowman Kimberly
Seller's Agent
Spencer Ray
Jim Saros Real Estate Services
Buyer's Agent
Matthew Haase
JCS Realty
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Total Days on Market
47
Views
40
Current Estimated Value
$649,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,822
Avg. Annual Appreciation
24.83%
Original Mortgage
$308,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2022
Sold by
Murielle C Hyland Trust
Bought by
J & C Property Enterprise Llc

Purchase Details

Closed on
Dec 12, 2005
Sold by
Hyland Murielle C
Bought by
Hyland Murielle C and Murielle C Hyland Trust

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
Bowman Michael $385,000 None Listed On Document
Bowman Michael $385,000 --
J & C Property Enterprise Llc $310,000 Liberty Title
Hyland Murielle C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Michael $620,000
Closed Bowman Michael $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $385,000 -3.7% $99 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $399,900 -5.9% $103 / Sq Ft
10/06/2022 10/06/22 For Sale $425,000 -- $109 / 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 $6,174 $273,900 $0 $0
2023 $5,896 $237,000 $0 $0
2022 $4,336 $360,200 $0 $0
2021 $11,126 $356,400 $0 $0
2019 $11,891 $289,400 $0 $0
2018 $4,135 $253,300 $0 $0
2017 $12,949 $130,800 $0 $0
2016 $10,896 $189,900 $0 $0
2015 $15,473 $179,100 $0 $0
2013 $14,990 $152,500 $0 $0
2012 $4,269 $161,200 $59,200 $102,000
Source: Public Records

Agents Affiliated with this Home

  • Spencer Ray

    Seller's Agent in 2022

    Spencer Ray

    Jim Saros Real Estate Services

    (313) 886-9030

    37 in this area

    196 Total Sales

    Spencer Ray
    Section Image

  • M

    Buyer's Agent in 2022

    Matthew Haase

    JCS Realty

    (248) 496-0075

    Section Image
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Map

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Source: Realcomp

MLS Number: 20221047898

Realcomp

APN: 39-006-04-0094-001

Michigan Wayne County Grosse Pointe Park 48230

15800 E Jefferson Ave, Grosse Pointe Park, MI

Homes for Sale in Grosse Pointe Park, MI

This home is located at 15800 E Jefferson Ave, Grosse Pointe Park, MI 48230 since 06 October 2022 and is currently estimated at $649,822, approximately $167 per square foot. This property was built in 1950. 15800 E Jefferson Ave is a home located in Wayne County with nearby schools including Pierce Middle School, Grosse Pointe South High School, and Detroit Merit Charter Academy.

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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