NOT LISTED FOR SALE

3055 Auburn Rd Auburn Hills, MI 48326

Estimated Value: $258,000 - $315,000

4 Beds
3 Baths
2,365 Sq Ft
$119/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $184,900 $78 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,688/month

4 Days on Market

Highlights

  • Awning
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of February 2021

Great investment opportunity in the heart of Auburn Hills. Walking distance to parks, restaurants and stores. Close to freeways, Oakland university and Avondale school district. Approximately 9% cap rate after factoring in vacancy. Two units currently occupied, one unit vacant for showing purposes. Units easy to rent, usually takes about a month or less. Property is zoned multi family with no rental registration or city inspections currently required. Newer roof, added attic insulation, newer appliances and other upgrades. Basement has storage and laundry for two of the units. Each unit includes stove and fridge. Occupied units can be seen with written offer, please do not disturb the tenants. Agent is related to seller. BATVAI

Last Agent to Sell the Property

Marina Glover

Brookstone, Realtors LLC License #6501419857 Listed on: 12/13/2020

Last Buyer's Agent

Zaid Kassab

EXP Realty Main License #6501416571

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 50.00x200.00

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,365 Sq Ft Home
  • 2-Story Property
  • Awning
  • Unfinished Basement

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • High Speed Internet

Community Details

  • 3 Units
  • Suprvr's Plat No 4 Auburn Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1425351022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,984

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 92640.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2365
  • Total Sq Ft: 2365
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Awning/Overhang(s)
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Avondale

Lot Info

  • List Price per Acre: 675000.0000
  • Lot Size Area: 0.28
  • Lot Dimensions: 50.00X200.00
  • Parcel Number: 1425351022
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Garbage Pickup, Heat, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 2125

Tax Info

  • Tax Amount Summer: 2075.0000
  • Tax Amount Winter: 1909.0000
  • Total Tax: 3984.0000
  • Taxable Value: 73870.0000

Multi Family

  • Gross Scheduled Income: 25500.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Avondale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2021
Sold by
Kassab Ibab and Mansur Sarnied J
Bought by
3055 Auburn Estates Llc
Current Estimated Value
$282,355

Purchase Details

Listed on
Dec 13, 2020
Closed on
Feb 1, 2021
Sold by
Glover Robert David
Bought by
Kassab Ihab and Mansur Sarmed J
Seller's Agent
Marina Glover
Brookstone, Realtors LLC
Buyer's Agent
Zaid Kassab
EXP Realty Main
List Price
$189,000
Sold Price
$184,900
Premium/Discount to List
-$4,100
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$138,375
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2018
Closed on
Nov 30, 2018
Sold by
Smitha Michael R
Bought by
Glover Robert David
Seller's Agent
Michael Smitha
Smitha Enterprises, Inc
Buyer's Agent
Michael Smitha
Smitha Enterprises, Inc
List Price
$147,900
Sold Price
$139,000
Premium/Discount to List
-$8,900
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.12%
Original Mortgage
$104,250
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 1994
Sold by
Meagher Jerome P
Bought by
Smitha Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
9.2%
Mortgage Type
New Conventional
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
3055 Auburn Estates Llc -- None Available
Kassab Ihab $184,500 Michigan Investment Ttl Inc
Glover Robert David $139,000 First American Title Insuran
Smitha Michael R $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kassab Ihab $138,375
Previous Owner Glover Robert David $104,250
Previous Owner Smitha Michael R $74,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2021 02/01/21 Sold $184,900 -2.2% $78 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/13/2020 12/13/20 For Sale $189,000 +36.0% $80 / Sq Ft
12/05/2018 12/05/18 Sold $139,000 -4.1% $63 / Sq Ft View Prior Sale
10/24/2018 10/24/18 Pending -- -- --
10/22/2018 10/22/18 Price Changed $144,900 -2.0% $66 / Sq Ft
10/06/2018 10/06/18 For Sale $147,900 -- $67 / 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 $2,219 $95,590 $0 $0
2023 $2,116 $75,700 $0 $0
2022 $4,979 $85,130 $0 $0
2021 $4,214 $91,610 $0 $0
2020 $2,075 $92,640 $0 $0
2019 $3,951 $72,500 $0 $0
2018 $3,052 $72,530 $0 $0
2017 $2,991 $74,060 $0 $0
2016 $2,968 $66,370 $0 $0
2015 -- $60,130 $0 $0
2014 -- $56,460 $0 $0
2011 -- $57,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marina Glover

    Brookstone, Realtors LLC

    Section Image
  • Zaid Kassab

    Buyer's Agent in 2021

    Zaid Kassab

    EXP Realty Main

    (248) 579-9999

    1 in this area

    35 Total Sales

    Zaid Kassab
    Section Image

  • M

    Seller's Agent in 2018

    Michael Smitha

    Smitha Enterprises, Inc

    (248) 495-4477

    9 Total Sales

    Michael Smitha
    Section Image
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Map

Source: Realcomp

MLS Number: 2200098753

Realcomp

APN: 14-25-351-022

Michigan Oakland County Auburn Hills 48326

3055 Auburn Rd, Auburn Hills, MI

This home is located at 3055 Auburn Rd, Auburn Hills, MI 48326 since 13 December 2020 and is currently estimated at $282,355, approximately $119 per square foot. This property was built in 1926. 3055 Auburn Rd is a home located in Oakland County with nearby schools including R. Grant Graham Elementary School, Avondale Middle School, and Avondale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

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