$325,000
SOLD OCT 4, 2024 RENTED NOV 18, 2024

308 E Harry Ave Hazel Park, MI 48030

4 Beds
2 Baths
1,958 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$166 Per Sq Ft

7% Below List Price

62 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of October 2024

This fully remodeled and modernized duplex is a prime investment opportunity that promises excellent cash flow. Situated in a desirable neighborhood, the property boasts contemporary finishes and thoughtful upgrades that appeal to discerning tenants. Each unit features an open-concept living area, adorned with luxury engineered plank flooring, recessed lighting, and large windows that flood the space with natural light. The kitchens are equipped with high-end stainless steel appliances, quartz countertops, and sleek, custom cabinetry, making them both stylish and functional. The modern bathrooms are designed with chic tile work, modern vanities, and high-quality fixtures, providing a spa-like experience. Both units offer ample storage space, including built-ins and additional storage area in the lower level. The duplex also includes energy-efficient systems, such as new HVAC units, smart thermostats, and energy-saving windows, which reduce utility costs and increase overall tenant satisfaction. Outside, the property features well-maintained landscaping and a private backyard for each unit, ideal for outdoor relaxation or entertaining. Off-street parking and dedicated parking spaces add to the convenience and security for tenants. With its prime location close to shopping, dining, and highway, this duplex attracts a steady stream of potential renters, ensuring minimal vacancy rates. This investment not only provides great cash flow but also promises long-term value appreciation due to the quality of the remodel and the strategic location. The combination of modern amenities, efficient systems, and attractive design makes this duplex a sought-after rental property, delivering consistent and profitable returns.

Last Agent to Sell the Property

Gjoni Sinishta

KW Domain License #6501398551 Listed on: 07/26/2024

KW Domain

Co-Listed By

Kristina Gjolaj

KW Domain License #6501449497

Last Buyer's Agent

Behzad Bokani

RE/MAX Dream Properties License #6501420759

RE/MAX Dream Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2024

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x111

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,958 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2536155012

Community Details

Overview

  • 2 Units
  • Hazel Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,949

Year Built

Built in 1920 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 307.00
  • Year Built: 1920
  • State Equalized Value: 57440.0000
  • Year Renovated: 2024
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1958
  • Total Sq Ft: 1958
  • Sq Ft Total Bsmt: 890

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • 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: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Hazel Park

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40x111
  • Parcel Number: 2536155012
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 3500

Tax Info

  • Tax Amount Summer: 1848.0000
  • Tax Amount Winter: 101.0000
  • Total Tax: 1949.0000
  • Taxable Value: 22800.0000

Multi Family

  • Gross Scheduled Income: 4200.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Hazel Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Oct 4, 2024
Sold by
Rostam Behrooz
Bought by
Farmahini Amin
Seller's Agent
Gjoni Sinishta
KW Domain
Buyer's Agent
Behzad Bokani
RE/MAX Dream Properties
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%
Views
60
Current Estimated Value
$323,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,224
Avg. Annual Appreciation
-0.47%
Original Mortgage
$250,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2021
Sold by
Ferris Verline A
Bought by
Ferris Verline A and Bragg Laura Beth
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $325,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Under Contract -- -- --
10/10/2024 10/10/24 For Rent $1,750 0.0% --
10/04/2024 10/04/24 Sold $325,000 0.0% $166 / Sq Ft
10/04/2024 10/04/24 Sold $325,000 -7.1% $166 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/26/2024 09/26/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $349,900 0.0% $179 / Sq Ft
07/26/2024 07/26/24 For Sale $349,900 -- $179 / 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 $5,689 $65,610 $0 $0
2023 $1,848 $57,440 $0 $0
2022 $1,861 $49,380 $0 $0
2021 $1,828 $43,760 $0 $0
2020 $1,787 $39,370 $0 $0
2019 $1,811 $35,270 $0 $0
2018 $1,769 $30,400 $0 $0
2017 $1,731 $28,250 $0 $0
2016 $1,724 $24,620 $0 $0
2015 -- $21,520 $0 $0
2014 -- $19,860 $0 $0
2011 -- $28,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240054247

Realcomp

APN: 25-36-155-012