NOT LISTED FOR SALE

Estimated Value: $268,454

4 Beds
2 Baths
1,584 Sq Ft
$169/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2024

Last sale price $265,000 $167 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,959 / mo

2 Days on Market

About This Home

As of May 2024

This exceptional investment opportunity is conveniently located just minutes away from downtown Royal Oak, with quick access to I-696 and I-75! Featuring two distinct units, each boasting 2 bedrooms and 1 full bathroom, this property is rental certified by Madison Heights. It underwent inspection in April 2023. Front porch was rebuilt and upper unit bathroom was updated in April 2023. Please note that showings are not permitted until an offer has been accepted. Both units are currently tenant occupied until August 2025.

Last Agent to Sell the Property

Andrea Stephan

The Stephan Group License #6502432679 Listed on: 03/19/2024

Last Buyer's Agent

Andrea Stephan

The Stephan Group License #6502432679 Listed on: 03/19/2024

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x35

Home Design

  • 1,584 Sq Ft Home
  • Block Foundation
  • Aluminum Siding

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 2523482012

Community Details

Overview

  • 2 Units
  • Slater Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,245

Year Built

Built in 1928

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1928
  • State Equalized Value: 83600.00
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.10
  • Co List Office Mls Id: 432768
  • Above Grade Finished Sq Ft: 1584.00
  • Living Area: 1584.00
  • ClassName: ResidentialIncome
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 2

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block
  • Construction Materials: AluminumSiding
  • Road Frontage Type: Paved
  • Disclosures: ActualIncome, AnnualPropertyOperatingDataAvailable, TaxesNotHomesteadExempt

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Public

Schools

  • Junior High Dist: MadisonMadisonHts

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40x35
  • Parcel Number: 2523482012
  • Zoning Description: MultiFamily

Rental Info

  • Monthly Rental Income: 2520.00

Tax Info

  • Tax Amount Summer: 4278.00
  • Tax Amount Winter: 967.00
  • Tax Annual Amount: 5245.00

Multi Family

  • Gross Scheduled Income: 30240.00
  • Number Of Units Total: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 6, 2024
Sold by
31 West Barett Llc
Bought by
Seller's Agent
Andrea Stephan
The Stephan Group
Buyer's Agent
Andrea Stephan
The Stephan Group
List Price
$266,500
Sold Price
$265,000
Premium/Discount to List
-$1,500
-0.56%
Views
21
Current Estimated Value
$268,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,454
Avg. Annual Appreciation
0.55%
Original Mortgage
$212,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2023
Sold by
Riben Pemina and Riben Russell
Bought by
31 West Barett Llc

Purchase Details

Listed on
Nov 11, 2022
Closed on
Dec 21, 2022
Sold by
Riben Pemina
Bought by
Riben Pemina and Riben Russell
Seller's Agent
Christina Gennari
KW Domain
Buyer's Agent
Christina Gennari
KW Domain
List Price
$210,000
Sold Price
$204,000
Premium/Discount to List
-$6,000
-2.86%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$147,750
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2021
Sold by
Stephan Antonio Rocco
Bought by
Tony Pro Investments 31 Llc

Purchase Details

Listed on
Nov 7, 2020
Closed on
Dec 31, 2020
Sold by
Frasier Eric
Bought by
Stephan Antonio
Seller's Agent
Randy Gates
Keller Williams Lakeside
Buyer's Agent
Meredith Kulka
Cranbrook Associates-Birm
List Price
$170,000
Sold Price
$168,744
Premium/Discount to List
-$1,256
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$126,558
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2015
Closed on
Nov 12, 2015
Sold by
The Mark Sessa Living Trust
Bought by
Frasier Eric
Seller's Agent
Uschi Lohr
Powell Real Estate
Buyer's Agent
Randy Gates
Keller Williams Lakeside
List Price
$69,900
Sold Price
$61,000
Premium/Discount to List
-$8,900
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.89%
Original Mortgage
$45,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2015
Sold by
Sessa Mark
Bought by
Sessa Mark and The Mark Sessa Living Trust

Purchase Details

Closed on
Jun 26, 2012
Sold by
Michigan Property Superstore Inc
Bought by
Sessa Mark

Purchase Details

Closed on
Jun 22, 2012
Sold by
Novallo Andrew and Gartner Frances
Bought by
Michigan Property Superstore Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Madison Heights, MI

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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
$265,000 None Listed On Document
31 West Barett Llc -- None Listed On Document
Riben Pemina $204,000 Liberty Title
Riben Pemina -- Liberty Title
Tony Pro Investments 31 Llc -- None Available
Stephan Antonio $168,744 First Premier Title
Frasier Eric $61,000 Attorney
Sessa Mark -- Attorney
Sessa Mark $42,500 Chirco Title Agency Inc
Michigan Property Superstore Inc $22,000 Fidelity Natl Title Ins Co
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 $217,500
Closed Polite Christopher $212,000
Previous Owner Riben Pemina $147,750
Previous Owner Stephan Antonio $126,558
Previous Owner Frasier Eric $45,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2024 05/06/24 Sold $265,000 -0.6% $167 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $266,500 +30.6% $168 / Sq Ft
12/21/2022 12/21/22 Sold $204,000 -2.9% $112 / Sq Ft View Prior Sale
11/21/2022 11/21/22 Pending -- -- --
11/11/2022 11/11/22 For Sale $210,000 +24.4% $115 / Sq Ft
12/31/2020 12/31/20 Sold $168,744 -0.7% $93 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
11/07/2020 11/07/20 For Sale $170,000 +178.7% $93 / Sq Ft
11/12/2015 11/12/15 Sold $61,000 0.0% $68 / Sq Ft View Prior Sale
11/12/2015 11/12/15 Sold $61,000 -12.7% $33 / Sq Ft View Prior Sale
11/01/2015 11/01/15 Pending -- -- --
11/01/2015 11/01/15 Pending -- -- --
08/22/2015 08/22/15 For Sale $69,900 -17.8% $38 / Sq Ft
06/08/2015 06/08/15 For Sale $85,000 0.0% $94 / Sq Ft
05/12/2013 05/12/13 Rented $650 -6.5% --
05/07/2013 05/07/13 Under Contract -- -- --
04/18/2013 04/18/13 For Rent $695 -0.7% --
12/29/2012 12/29/12 Rented $700 -3.4% --
12/29/2012 12/29/12 Under Contract -- -- --
10/31/2012 10/31/12 For Rent $725 -- --
Source: Realcomp

Tax 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.

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 $5,316 $100,530 $0 $0
2024 $4,463 $92,850 $0 $0
2023 $4,278 $83,600 $0 $0
2022 $5,181 $77,520 $0 $0
2021 $4,578 $71,060 $0 $0
2020 $2,210 $66,330 $0 $0
2019 $2,729 $59,130 $0 $0
2018 $2,689 $41,950 $0 $0
2017 $2,615 $41,950 $0 $0
2016 $2,510 $37,960 $0 $0
2015 -- $32,770 $0 $0
2014 -- $28,500 $0 $0
2011 -- $33,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240017332

Realcomp

APN: 25-23-482-012

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