Seller's Agent in 2024
Ryan Lally
KW Grosse Pointe
(313) 288-0434
16 in this area
173 Total Sales
895 Beaconsfield Ave Grosse Pointe Park, MI 48230
Estimated Value: $416,000 - $622,000
8
Beds
4
Baths
3,306
Sq Ft
$161/Sq Ft
Est. Value
Highlights
- Dock Facilities
- Home fronts navigable water
- Lake Privileges
- Pierce Middle School Rated A
- In Ground Pool
- Clubhouse
About This Home
As of February 2024The same family has owned this lucrative 4-unit multifamily investment property since 1987; they have fully depreciated the asset and are ready to move on. During the past 37 years it has been professionally managed and often occupied by the owner and family members, and has been very well-maintained. Excellent location 2 doors from the Fairfax Market! New tear-off roof in 2017, new boiler in 2015 (new burners in 2020). All 4 units (1N/1S down, 2N/2S up) are identical floorplans w/ 2 bedrooms, 1 full bathroom each. Kitchens w/ refrigerator/freezer, stove/oven, garbage disposal, and adjacent wall to dining room have been cut out for a more open and modern feel. Hardwood floors, coved plaster ceilings, original doors / hardware / leaded glass windows are in great shape. Kitchens and baths have been updated while preserving the timeless bathroom terrazzo floors. Covered front porch w/ common entrances from front and rear of building. Each unit has front and back door. Upper units have shared access to a balcony, a great outdoor entertaining space. Rear staircase leads to a huge, unfinished third floor attic space, currently used for storage but with potential to be finished for additional living space. Unfinished basement w/ individual laundry hookups for each unit (current washers and dryers are tenant-owned), private storage rooms, large windows with lots of natural light. Concrete slab parking lot can accommodate 8 cars (4 wide x 2 deep). Individual gas water heaters for each unit. Current rent $1,000/month includes gas and water; tenant pays for electricity and cable/internet. Unit 1N includes dishwasher in kitchen. Approved by the Grosse Pointe Housing Foundation. Walk to Jefferson Ave and the new Schaap Center for the Performing Arts, West Park Kercheval and Charlevoix social districts. Owner/tenants are entitled to access Grosse Pointe Park’s two, resident-only lakefront parks: Windmill Pointe Park and Patterson Park. Learn more about at grossepointepark dot org. Easy access to I-94 and all of Metro Detroit.
Last Agent to Sell the Property
KW Grosse Pointe License #6501398300 Listed on: 12/07/2023
Co-Listed By
Marianne Mouton
KW Grosse Pointe License #6501429295
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1925
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 37.00 x 108.30
- Home fronts navigable water
Home Design
- Quadruplex
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Interior Spaces
- 4 Full Bathrooms
- 3,306 Sq Ft Home
- 3-Story Property
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Basement Storage
- Natural lighting in basement
Parking
- 8 Parking Spaces
- Paved Parking
Outdoor Features
- In Ground Pool
- Dock Facilities
- Boat Facilities
- Lake Privileges
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Radiant Heating System
Listing and Financial Details
- Assessor Parcel Number 39009010218002
- $20,400 Seller Concession
Community Details
Overview
- 4 Units
- Denne & Mcallister Jeff Ave Rvrvw Pk Sub Subdivision
Amenities
- Clubhouse
- Lobby
Recreation
- Community Pool
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 9, 2024
Sold by
Holmes Jamil
Bought by
Jamil Holmes Living Trust and Holmes
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,600
Outstanding Balance
$409,217
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$122,460
Purchase Details
Listed on
Dec 7, 2023
Closed on
Feb 2, 2024
Sold by
Klott Elizabeth A
Bought by
Holmes Jamil
Seller's Agent
Ryan Lally
KW Grosse Pointe
Buyer's Agent
Chiquita Smith
Complete Action Real Estate LLC
List Price
$489,900
Sold Price
$510,000
Premium/Discount to List
$20,100
4.1%
Views
37
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
Original Mortgage
$382,500
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 21, 2021
Sold by
Klott Kevin A
Bought by
Klott Elizabeth A
Purchase Details
Closed on
Oct 21, 2020
Sold by
Klott Kevin A
Bought by
Klott Kevin A and Klott Elizabeth A
Purchase Details
Closed on
Feb 14, 2004
Sold by
Zawadzki Raymond J and Klott Kevin A
Bought by
Klott Kevin A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,450
Interest Rate
5.74%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 31, 2001
Sold by
Zawadzki Raymond J
Bought by
Klott Kevin A
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jamil Holmes Living Trust | -- | None Listed On Document | |
| Holmes Jamil | $510,000 | None Listed On Document | |
| Holmes Jamil | $510,000 | None Listed On Document | |
| Klott Elizabeth A | -- | None Available | |
| Klott Kevin A | -- | None Available | |
| Klott Kevin A | -- | First American Title | |
| Klott Kevin A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Holmes Jamil | $413,600 | |
| Previous Owner | Holmes Jamil | $382,500 | |
| Previous Owner | Klott Kevin A | $149,400 | |
| Previous Owner | Klott Kevin A | $146,450 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/02/2024 02/02/24 | Sold | $510,000 | 0.0% | $154 / Sq Ft |
| 01/23/2024 01/23/24 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | Price Changed | $510,000 | +4.1% | $154 / Sq Ft |
| 12/07/2023 12/07/23 | For Sale | $489,900 | 0.0% | $148 / Sq Ft |
| 07/27/2014 07/27/14 | Rented | $700 | -6.7% | -- |
| 07/24/2014 07/24/14 | Under Contract | -- | -- | -- |
| 07/09/2014 07/09/14 | For Rent | $750 | +7.9% | -- |
| 02/23/2012 02/23/12 | Rented | $695 | -4.1% | -- |
| 02/23/2012 02/23/12 | Under Contract | -- | -- | -- |
| 12/05/2011 12/05/11 | For Rent | $725 | -- | -- |
Source: Realcomp
Tax History Compared to Growth
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 | $2,443 | $212,700 | $0 | $0 |
| 2024 | $2,443 | $197,900 | $0 | $0 |
| 2023 | $5,985 | $179,100 | $0 | $0 |
| 2022 | $5,817 | $162,800 | $0 | $0 |
| 2021 | $9,229 | $150,000 | $0 | $0 |
| 2019 | $8,997 | $115,000 | $0 | $0 |
| 2018 | $5,712 | $100,800 | $0 | $0 |
| 2017 | $6,762 | $68,300 | $0 | $0 |
| 2016 | $8,149 | $86,600 | $0 | $0 |
| 2015 | $7,907 | $82,200 | $0 | $0 |
| 2013 | $7,660 | $78,300 | $0 | $0 |
| 2012 | $3,973 | $83,600 | $18,300 | $65,300 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Lally
-
M
Seller Co-Listing Agent in 2024
Marianne Mouton
KW Grosse Pointe
-
Chiquita Smith
C
Buyer's Agent in 2024
Chiquita Smith
Complete Action Real Estate LLC
(248) 688-6975
1 in this area
24 Total Sales
-
Anna Bartolotta
A
Seller's Agent in 2014
Anna Bartolotta
Grosse Pointe Apartments LLC
(313) 505-0456
3 in this area
22 Total Sales
Map
Source: Realcomp
MLS Number: 20230101600
APN: 39-009-01-0218-002
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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
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