NOT LISTED FOR SALE

50 Grand Ave Mount Clemens, MI 48043

Estimated Value: $251,000 - $268,000

5 Beds
4 Baths
2,736 Sq Ft
$94/Sq Ft Est. Value

Last Sold December 01, 2014

Last sale price $77,500 $28 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $1,801/month

9 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • 4 Car Garage
  • Forced Air Heating System

About This Home

As of December 2014

***HIGHEST AND BEST BY 6 PM 11-4-14***Investors, here is a great opportunity right across from the new St. Mary's School in Downtown Mt. Clemens. 4 units. 2@$450, 1@$350 and 1@$600 totaling $1850 a month. Monthly expenses approximately $940 month. Separate breaker boxes for electric, nicely lit parking area enough for all residence. Basement is used by largest unit but is in process of being divided for use by all. Laundry could be used by all units as well (currently used by only largest unit). Please don't approach tenants. All tenants are willing to stay.

Last Agent to Sell the Property

David Jacobson

Advantage Realty License #6501274803 Listed on: 10/27/2014

Advantage Realty

Last Buyer's Agent

John Hohenstern

Good Company License #6501305230

Good Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60.00x150.00

Home Design

  • Block Foundation
  • Composition Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2,736 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 4 Car Garage
  • Lighted Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Hubbard's Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1111382015

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 560
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2736
  • Total Sq Ft: 2736
  • Sq Ft Total Bsmt: 1100

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Lighted
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Mount Clemens

Lot Info

  • List Price per Acre: 380476.1905
  • Lot Size Area: 0.21
  • Lot Dimensions: 60.00X150.00
  • Parcel Number: 1111382015
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Heat, Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1850

Tax Info

  • Tax Amount Summer: 3204.0000
  • Tax Amount Winter: 49.0000
  • Total Tax: 3253.0000

Multi Family

  • Gross Scheduled Income: 22200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 3
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 4

MLS Schools

  • School District: Mount Clemens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2014
Closed on
Dec 1, 2014
Sold by
Estes Properties Llc
Bought by
50 Grand Ave Llc
Seller's Agent
David Jacobson
Advantage Realty
Buyer's Agent
John Hohenstern
Good Company
List Price
$79,900
Sold Price
$77,500
Premium/Discount to List
-$2,400
-3%
Current Estimated Value
$257,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,041
Avg. Annual Appreciation
11.47%

Purchase Details

Closed on
Oct 22, 2009
Sold by
Estes William D and Estes Cheryl J
Bought by
Estes Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Nov 2, 2007
Sold by
Souriall Claudia
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 5, 2005
Sold by
Staff Michael and Staff Danniel
Bought by
Souriall Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
5.82%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 20, 2004
Sold by
Staff Property Management Llc
Bought by
50 Grand Llc

Purchase Details

Closed on
Jan 10, 2004
Sold by
Staff Michael and Staff Danielle
Bought by
Staff Michael and Staff Property Management

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2004
Sold by
Staff Michael and Staff Property Management
Bought by
Staff Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2001
Sold by
Dipace Salvatore
Bought by
Palmer Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,300
Interest Rate
7.03%
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
50 Grand Ave Llc $77,500 Greater Macomb Title Agency
Estes Properties Llc -- Liberty Title
The Bank Of New York Trust Co Na -- None Available
Mortgage Electronic Registration Systems $136,000 None Available
Souriall Claudia $208,000 First American Title Ins Co
Staff Michael -- First American Title Ins Co
50 Grand Llc -- --
Staff Michael -- --
Staff Michael -- --
Palmer Ian $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Estes Properties Llc $32,000
Previous Owner Staff Michael $41,600
Previous Owner Staff Michael $113,500
Previous Owner Palmer Ian $127,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2014 12/01/14 Sold $77,500 -3.0% $28 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
10/27/2014 10/27/14 For Sale $79,900 -- $29 / 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
2025 $4,777 $127,100 $0 $0
2024 $4,692 $111,200 $0 $0
2023 $4,527 $104,600 $0 $0
2022 $4,264 $101,000 $0 $0
2021 $4,170 $83,400 $0 $0
2020 $4,016 $77,200 $0 $0
2019 $3,956 $74,400 $0 $0
2018 $3,882 $61,900 $0 $0
2017 $3,815 $54,061 $5,550 $48,511
2016 $3,798 $54,061 $0 $0
2015 $3,269 $44,912 $0 $0
2013 -- $41,713 $5,250 $36,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 214111605

Realcomp

APN: 05-11-11-382-015