$470,000
SOLD APR 21, 2023

607 Neff Rd Grosse Pointe, MI 48230

Grosse Pointe Neighborhood
4 Beds
2.5 Baths
2,953 Sq Ft
0.3 Acres

Recently Sold

$159 Per Sq Ft

1% Below List Price

55 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • 5-minute walk to Rotary Tot Lot
  • Lewis Maire Elementary School Rated A
  • 2 Car Garage

About This Home

As of April 2023

Rare offering to acquire a large 2 unit multifamily building in the heart of The Village- The Pointes most in demand location! An ideal opportunity to generate a strong passive income source, live in a unit and rent out the other to cover carrying costs, or convert to a single family home! Situated on a spacious lot and a half, 607 Neff consists of an upper and lower flat, each with stunning original features and beautiful fireplaces in the spacious living rooms. The lower flat has central AC, a large family room, large dining room, 1 full bath and a half bath en suite, 2 sizable bedrooms, and a 3 seasons room. The upper flat features original hardwood floors that were just refinished, fresh paint, 2 sizable bedrooms, and a full bath. Divided yard so each tenant can have separate green space! Spacious 2 car garage & an additional 2 off street parking spaces. Projected income of $2,300+ month for the lower unit and $2,100+/ month for the upper unit with cosmetic improvements. Separate gas/ electric meters for each unit. Walk to GP's finest dining, nightlife, & shopping!

Last Agent to Sell the Property

Jimmy Saros

Jim Saros Real Estate Services License #6501398798

Last Buyer's Agent

Debbie Bondar

INACTIVE OFFICES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 83.30 x 155.90

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,953 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 37002030025001

Community Details

Overview

  • 2 Units
  • The C Neff Estates Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,860

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 210000.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2953
  • Total Sq Ft: 2953
  • Sq Ft Total Bsmt: 1346

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Radiant
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.30
  • Lot Dimensions: 83.30 x 155.90
  • Parcel Number: 37002030025001
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Water, Yard Maintenance
  • Monthly Rental Income: 4400

Tax Info

  • Tax Amount Summer: 7167.0000
  • Tax Amount Winter: 2693.0000
  • Total Tax: 9860.0000
  • Taxable Value: 210000.0000

Multi Family

  • Gross Scheduled Income: 52800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Grosse Pointe

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Rented $1,775 -2.7% --
03/01/2024 03/01/24 Under Contract -- -- --
02/15/2024 02/15/24 Price Changed $1,825 -2.4% $1 / Sq Ft
01/25/2024 01/25/24 Price Changed $1,870 -0.3% $1 / Sq Ft
01/03/2024 01/03/24 Price Changed $1,875 -2.6% $1 / Sq Ft
11/20/2023 11/20/23 For Rent $1,925 0.0% --
04/21/2023 04/21/23 Sold $470,000 0.0% $159 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/16/2023 03/16/23 Off Market $470,000 -- --
02/08/2023 02/08/23 For Sale $475,000 +14.5% $161 / Sq Ft
07/30/2021 07/30/21 Sold $415,000 -3.5% $141 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/23/2021 06/23/21 Price Changed $429,900 -12.3% $146 / Sq Ft
05/26/2021 05/26/21 For Sale $490,000 -- $166 / Sq Ft
Source: Realcomp

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 $7,939 $233,500 $0 $0
2023 $7,507 $227,500 $0 $0
2022 $13,760 $210,000 $0 $0
2021 $6,581 $197,800 $0 $0
2019 $6,633 $164,600 $0 $0
2018 $3,618 $137,500 $0 $0
2017 $5,053 $136,000 $0 $0
2016 $6,038 $129,900 $0 $0
2015 $10,327 $119,800 $0 $0
2013 $10,004 $103,900 $0 $0
2012 -- $97,700 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $456,577 FHA
Previous Owner $38,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $470,000 Chirco Title Agency
Warranty Deed $415,000 Michigan Title Ins Agcy Inc
Warranty Deed $298,400 Capital Title Ins Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

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Source: Realcomp

MLS Number: 20230008903

Realcomp

APN: 37-002-03-0025-001

Michigan Wayne County Grosse Pointe 48230 Grosse Pointe

607 Neff Rd, Grosse Pointe, MI

Homes for Sale in Grosse Pointe, MI

This home is located at 607 Neff Rd, Grosse Pointe, MI 48230 and is currently priced at $470,000, approximately $159 per square foot. This property was built in 1928. 607 Neff Rd is a home located in Wayne County with nearby schools including Lewis Maire Elementary School, Pierce Middle School, and Grosse Pointe South High School.

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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