$485,000
SOLD DEC 6, 2023 RENTED MAY 16, 2025

603 Neff Rd Grosse Pointe, MI 48230

6 Beds
5 Baths
3,322 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

12% Below List Price

54 Days on Market

Highlights

  • Outdoor Pool
  • Colonial Architecture
  • Programmable Thermostat
  • Lewis Maire Elementary School Rated A
  • Enclosed patio or porch
  • Central Air

About This Home

As of December 2023

*Back on market with a $25,000 price reduction!* Remarkable two unit home in Grosse Pointe Village "603-605 Neff". Perfect for investors or multi-generational living. Market rent is over $2,000 / month PER unit. Steps from Kercheval amenities and the lake. Walking distance to Neff Park and pool, exclusive to Grosse Pointe residents. Coveted Grosse Pointe schools. Each unit has over 1600 sq ft. Both have original hardwood floors. Each unit has 3 bedrooms- a rarity in the area. Lower unit has three separate entrances. Front-facing large living room. Formal dining room with brass chandelier. Breakfast room adjacent to the kitchen. Two large bedrooms that share an original Art-Deco mint green tiled full bath with a walk-in shower. Third bedroom can be easily adapted to an office.Upper unit has two separate entrances. Large living and dining room. Fully renovated with massive butcher block island and countertops. Identical layout to the lower unit, the two large bedrooms feature a shared lavender Art-Deco tiled full bath with a walk-in shower. Additional FULL bath off third bedroom. Both units feature screened-in sun porches, original crown molding, and fireplaces. Light fixtures curated for style of home throughout. Original woodwork throughout, untouched. Huge fully finished third floor attic with separate entrance includes fireplace and AC.Basement includes recreation room, utility room, and storage rooms. Brick three car garage.

Last Agent to Sell the Property

Serafina Nease

Max Broock, REALTORS®-Birmingham License #6501450404 Listed on: 09/14/2023

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Michael Defauw

License #6501387091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1932 | Remodeled in 2008

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 49.00 x 155.90
  • Fenced

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 3,322 Sq Ft Home
  • 3-Story Property
  • Carbon Monoxide Detectors
  • Unfinished Basement

Parking

  • Garage
  • Lighted Parking

Eco-Friendly Details

  • Watersense Fixture

Outdoor Features

  • Outdoor Pool
  • Enclosed patio or porch
  • Exterior Lighting

Utilities

  • Central Air
  • Dehumidifier
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 37002030024002
  • $6,800 Seller Concession

Community Details

Overview

  • 2 Units
  • The C Neff Estates Sub Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,628

Year Built

Built in 1932 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 3 Story
  • Year Built: 1932
  • State Equalized Value: 218100.0000
  • Year Renovated: 2008
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers, Laundry Facility, De-Humidifier, High Spd Internet Avail, Programmable Thermostat
  • Total Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3322
  • Total Sq Ft: 3322
  • Sq Ft Total Bsmt: 1672

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Lighting, WaterSense® Labeled Irrigation Controller, Fenced, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 49
  • Porch Type: Porch - Covered, Porch - Enclosed, Porch, Patio - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced, Fence Allowed

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage, Lighted

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 49.00 x 155.90
  • Parcel Number: 37002030024002
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 4440.0000
  • Tax Amount Winter: 3188.0000
  • Total Tax: 7628.0000
  • Taxable Value: 130116.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Dec 6, 2023
Sold by
Salustro Anita
Bought by
Monsalud Jerry and Monsalud Delia
Seller's Agent
Serafina Nease
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Michael Defauw
List Price
$549,900
Sold Price
$485,000
Premium/Discount to List
-$64,900
-11.8%
Views
245
Current Estimated Value
$533,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,246
Avg. Annual Appreciation
6.35%
Original Mortgage
$363,750
Outstanding Balance
$358,924
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$174,322

Purchase Details

Closed on
Sep 17, 2008
Sold by
Us Bank National Association
Bought by
Salustro Anita

Purchase Details

Closed on
Dec 12, 2007
Sold by
Book Randall I and George Marlene S
Bought by
Us Bank Na and Credit Suisse First Boston Mbs 2004-Ar2

Purchase Details

Closed on
Jul 27, 2001
Sold by
Book Randall I
Bought by
Book Randall I

Purchase Details

Closed on
Dec 6, 1999
Sold by
Cecelia S Peterson
Bought by
Randall I Book
Source: Public Records

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Range of Values:

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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 $485,000 Capital Title
Deed $209,000 Attorneys Title Agency Llc
Sheriffs Deed $440,916 None Available
Deed -- --
Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $363,750 New Conventional
Previous Owner $209,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Rented $2,080 -1.0% --
05/14/2025 05/14/25 Under Contract -- -- --
05/06/2025 05/06/25 For Rent $2,100 +16.7% --
02/12/2024 02/12/24 Rented $1,800 -18.2% --
01/03/2024 01/03/24 For Rent $2,200 0.0% --
12/06/2023 12/06/23 Sold $485,000 -3.0% $146 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
10/26/2023 10/26/23 Price Changed $499,900 -4.8% $150 / Sq Ft
09/27/2023 09/27/23 Price Changed $525,000 -4.5% $158 / Sq Ft
09/14/2023 09/14/23 For Sale $549,900 -- $166 / 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 $8,470 $249,100 $0 $0
2023 $4,651 $241,200 $0 $0
2022 $7,629 $218,100 $0 $0
2021 $7,342 $202,100 $0 $0
2019 $7,400 $178,000 $0 $0
2018 $4,037 $154,500 $0 $0
2017 $5,638 $152,500 $0 $0
2016 $6,737 $144,400 $0 $0
2015 $11,522 $132,700 $0 $0
2013 $11,162 $117,500 $0 $0
2012 -- $109,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230077408

Realcomp

APN: 37-002-03-0024-002