NOT LISTED FOR SALE

224 Cass Ave Mount Clemens, MI 48043

Estimated Value: $253,000 - $264,000

5 Beds
4 Baths
2,791 Sq Ft
$93/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2022

Last sale price $222,400 $80 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,646 / mo

60 Days on Market

Highlights

  • Covered Patio or Porch
  • Garage
  • Private Entrance
  • Forced Air Heating System

About This Home

As of January 2022

This well maintained 4plex is a great investment and located near Downtown Mt Clemens. The owners of the property are meticulous and have kept the property up during their time of ownership. The current tenants have all been in place for some time. The prime location has led to low turnover and immediate occupancy when units do become available. There is also a 1 car garage that can be rented or used for storage. Street parking and a small parking lot.
They building features all private entry, a full bathroom for each unit and separate utilities. Appliances are included with the sale, not the tenants. 1 two bedroom unit and 3 one bedroom units. Tenants pay $775, $735, $550 and $625/m. Some are below market rent due to long term occupancy. Owner currently pays water and electric.
Please do not disturb the tenants. Showing will only take place with an official offer and proof of funds or loan approval letter. For more info call Dave at 248-894-4906

Last Agent to Sell the Property

David Gittens

Brookstone, Realtors LLC License #6501402807 Listed on: 12/01/2021

Brookstone, Realtors LLC

Last Buyer's Agent

David Gittens

Brookstone, Realtors LLC License #6501402807 Listed on: 12/01/2021

Brookstone, Realtors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2019

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 65.00x50.00
  • Private Entrance

Parking

  • Garage

Home Design

  • Quadruplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,791 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1114103015
  • $4,400 Seller Concession

Community Details

Overview

  • 4 Units
  • Woolworth Francis Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,768

Year Built

Built in 1920 | Remodeled in 2019

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 89900.0000
  • Year Renovated: 2019
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2791

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages

Utilities

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

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 65.00X50.00
  • Parcel Number: 1114103015
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Electric, Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2685

Tax Info

  • Tax Amount Summer: 3684.0000
  • Tax Amount Winter: 84.0000
  • Total Tax: 3768.0000
  • Taxable Value: 51177.0000

Multi Family

  • Gross Scheduled Income: 32220.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Mount Clemens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 31, 2022
Sold by
Steve Konczak
Bought by
Gabay Daniel and Freedman Eliyahu
Seller's Agent
David Gittens
Brookstone, Realtors LLC
Buyer's Agent
David Gittens
Brookstone, Realtors LLC
List Price
$224,000
Sold Price
$222,400
Premium/Discount to List
-$1,600
-0.71%
Current Estimated Value
$259,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,539
Avg. Annual Appreciation
3.72%
Original Mortgage
$166,800
Outstanding Balance
$154,905
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$105,034

Purchase Details

Closed on
Jun 8, 2016
Sold by
Pomaville Richard
Bought by
Pomaville Richard and Konczak Steven
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Gabay Daniel $222,400 Devon Title Agency
Pomaville Richard -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Gabay Daniel $166,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $222,400 -0.7% $80 / Sq Ft
12/01/2021 12/01/21 For Sale $224,000 -- $80 / Sq Ft
Source: Realcomp

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
2025 $8,515 $138,000 $0 $0
2024 $84 $120,400 $0 $0
2023 $8,083 $113,200 $0 $0
2022 $3,860 $109,400 $0 $0
2021 $3,763 $89,900 $0 $0
2020 $3,602 $83,800 $0 $0
2019 $3,540 $81,000 $0 $0
2018 $3,463 $69,900 $0 $0
2017 $3,393 $60,737 $3,472 $57,265
2016 $3,375 $60,737 $0 $0
2015 $3,018 $50,178 $0 $0
2013 -- $46,574 $3,284 $43,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210098711

Realcomp

APN: 05-11-14-103-015

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