NOT LISTED FOR SALE

Estimated Value: $441,682 - $622,000

4 Beds
2 Baths
2,431 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $250,000 $103 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $3,265/month

76 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Richard Elementary School Rated A
  • 2 Car Garage

About This Home

As of April 2018

Rare find, an income property in Grosse Pointe Farms. Current owner has owned the property for 60 years and will lease back the lower unit. Spacious units, each with large living and dining rooms, spacious kitchens with eating areas. Two bedrooms plus small den/office. Enclosed sitting porches on front and rear. Partially finished basements, lower with full bath. Updated furnaces and hot water tanks. Two car garage and double wide drive for off street parking. Call listing agent for seller lease back terms.

Last Listed By

Mark Monaghan

Sine & Monaghan LLC License #6501168047 Listed on: 01/08/2018

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x100.73

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,431 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Utilities

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

Community Details

  • 2 Units
  • Geo Engel Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38010060059000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,021

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 3341
  • Sq Ft Lower Floor: 910
  • Total Sq Ft: 2431
  • Sq Ft Total Bsmt: 1215

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • List Price per Acre: 3712857.1429
  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X100.73
  • Parcel Number: 38010060059000
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 850

Tax Info

  • Tax Amount Summer: 1582.0000
  • Tax Amount Winter: 1439.0000
  • Total Tax: 3021.0000

Multi Family

  • Gross Scheduled Income: 10200.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2018
Closed on
Apr 20, 2018
Sold by
Ahee Margaret M and Ahee William S
Bought by
Oxholm Jose
Seller's Agent
Mark Monaghan
Sine & Monaghan LLC
Buyer's Agent
Sam Stevenson
RE/MAX Eclipse
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Total Days on Market
76
Current Estimated Value
$531,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,671
Avg. Annual Appreciation
10.14%
Original Mortgage
$203,500
Outstanding Balance
$178,438
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$317,806

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
Oxholm Jose $250,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oxholm Jose $203,500
Previous Owner Ahee Margaret M $255,000
Previous Owner Ahee Margaret M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $250,000 -3.8% $103 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $259,900 -- $107 / 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 $3,470 $157,300 $0 $0
2023 $3,306 $142,600 $0 $0
2022 $7,820 $129,100 $0 $0
2021 $7,592 $115,600 $0 $0
2019 $7,476 $117,000 $0 $0
2018 $2,286 $107,800 $0 $0
2017 $2,617 $104,700 $0 $0
2016 $3,020 $102,700 $0 $0
2015 $8,237 $90,900 $0 $0
2013 $7,980 $79,800 $0 $0
2012 $2,122 $79,800 $9,200 $70,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218001863

Realcomp

APN: 38-010-06-0059-000