NOT LISTED FOR SALE

1609 Catalpa Dr Royal Oak, MI 48067

Estimated Value: $380,000 - $477,000

4 Beds
2 Baths
1,952 Sq Ft
$224/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $312,500 $160 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,008/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Garage
  • Northwood Elementary School Rated A-

About This Home

As of May 2022

Highest and Best due 3 pm Wed., May 4. Solid brick multi-family home with an Upper and Lower flat that share a common basement and garage. Both units are very spacious with a Living Room, Dining Room, Kitchen, bath and 2 large bedrooms. Lots of potential. Both units have long-term tenants who are low-maintenance and willing to stay. Great location, 2 short blocks from Woodward and Trader Joe's.

Last Agent to Sell the Property

Linda Solomon

Berkshire Hathaway HomeServices Kee Realty Bham License #6501230202 Listed on: 05/02/2022

Berkshire Hathaway HomeServices Kee Realty Bham

Last Buyer's Agent

Xinyang Zhang

Bluesky Realty Experts License #6501442019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1951

Lot Details

  • Lot Dimensions are 58 x 130

Parking

  • Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,952 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2516302004

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,023

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1951
  • State Equalized Value: 154.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1952
  • Total Sq Ft: 1952
  • Sq Ft Total Bsmt: 975

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 58
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Royal Oak

Lot Info

  • Lot Dimensions: 58 X 130
  • Parcel Number: 2516302004
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2010

Tax Info

  • Tax Amount Summer: 4312.0000
  • Tax Amount Winter: 711.0000
  • Total Tax: 5023.0000
  • Taxable Value: 90450.0000

Multi Family

  • Gross Scheduled Income: 24120.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
May 26, 2022
Sold by
Ej Shartsis Land Company Llc
Bought by
14279 Vauxhall Llc
Seller's Agent
Linda Solomon
Berkshire Hathaway HomeServices Kee Realty Bham
Buyer's Agent
Xinyang Zhang
Bluesky Realty Experts
List Price
$299,000
Sold Price
$312,500
Premium/Discount to List
$13,500
4.52%
Current Estimated Value
$436,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,015
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Jun 3, 2016
Sold by
Shartsis Elsa
Bought by
Ej Shartsis Land Company Llc
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
14279 Vauxhall Llc $312,500 None Listed On Document
Ej Shartsis Land Company Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2022 05/26/22 Sold $312,500 +4.5% $160 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $299,000 -- $153 / 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 $8,312 $210,630 $0 $0
2022 $5,218 $164,050 $0 $0
2020 $7,846 $144,380 $0 $0
2018 $5,218 $130,770 $0 $0
2017 $4,739 $130,770 $0 $0
2015 -- $114,110 $0 $0
2014 -- $97,590 $0 $0
2011 -- $99,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220031498

Realcomp

APN: 25-16-302-004