NOT LISTED FOR SALE

925 Nottingham Rd Unit 927 Grosse Pointe Park, MI 48230

Estimated Value: $341,000 - $413,000

6 Beds
2 Baths
2,538 Sq Ft
$149/Sq Ft Est. Value

Last Sold January 24, 2024

Last sale price $360,000 $142 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,276/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Balcony
  • Pierce Middle School Rated A
  • Covered patio or porch
  • Central Air

About This Home

As of January 2024

Situated just steps from Windmill Pointe Park and Fairfax Market in GPP, 925-927 Nottingham Road is a prime investment opportunity. This two-family Upper/Lower Flat building is completely renovated mechanically, well-updated cosmetically, and is perfect for owner-occupants or pure investors alike.Each three-bedroom unit features updated kitchens with replacement cabinets, updated appliances (including dishwasher + gas range), replacement light fixtures, and updated fixtures. Bathrooms are upgraded with premier finishes including new fixtures, tile flooring, and subway tile showers. The property also boasts refinished hardwood floors and updated light fixtures throughout.Mechanically, the building is in phenomenal shape, including newer boiler heating systems for each unit, with the upper unit also featuring newer central AC (SpacePak) unit. Additional updates include two replacement water heaters (2021), an updated electrical system, and updated plumbing system with PVC. The building also contains replacement windows throughout and a newer composite shingle roof.Outdoor spaces include front balconies/porches and rear decks for each unit, alongside a 2-car detached garage. The basement offers individual storage with washer/dryer facilities for each unit.A standout feature is the unfinished third floor, ripe for conversion into additional living space or storage, potentially adding another bedroom and increasing rental income.925-927 Nottingham Road is a blend of enduring quality, thoughtful design, and an ideal location, offering substantial income potential with minimal upkeep. It’s a superb addition to any real estate portfolio in the vibrant Grosse Pointe Park market.

Last Agent to Sell the Property

Jacob Davis

Jim Saros Real Estate Services License #6501390544 Listed on: 12/07/2023

Last Buyer's Agent

Boyd Rudy

License #6506047154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 36x109

Parking

  • 4 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Composition Roof
  • Chimney Cap

Interior Spaces

  • 2 Full Bathrooms
  • 2,538 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch

Utilities

  • Central Air
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39 009 01 0115 002
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,364

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 136900.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 2538
  • Total Sq Ft: 2538
  • Sq Ft Total Bsmt: 1269

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Chimney Cap(s)
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Porch - Covered, Deck, Porch
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Window Unit(s)
  • Heating: Hot Water, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 36x109
  • Parcel Number: 39 009 01 0115 002
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 2700

Tax Info

  • Tax Amount Summer: 1967.0600
  • Tax Amount Winter: 3397.1500
  • Total Tax: 5364.0000

Multi Family

  • Gross Scheduled Income: 32400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Jan 24, 2024
Sold by
Bouton Howard R K and Bouton Anna L
Bought by
Tama Troy Michael and Toma Jette Odgaard
Seller's Agent
Jacob Davis
Jim Saros Real Estate Services
Buyer's Agent
Boyd Rudy
List Price
$365,000
Sold Price
$360,000
Premium/Discount to List
-$5,000
-1.37%
Views
64
Current Estimated Value
$377,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,715
Avg. Annual Appreciation
3.49%
Original Mortgage
$252,000
Outstanding Balance
$244,641
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$133,074

Purchase Details

Closed on
Oct 28, 2005
Sold by
Goosen Eric
Bought by
Bouton Howard R K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 2003
Sold by
Zouhrob Rita Sliman
Bought by
Goosen Eric
Source: Public Records

Similar Home in the area

  • 1258 Wayburn St Unit 1260, Grosse Pointe, MI 48230

    $325,000

    • 4 Beds
    • 2 Baths
    • 2,014 Sq Ft
    • 1258 Wayburn St
    • Unit 1260
    • Grosse Pointe, MI

    This is a well maintained 2 family in Grosse Pointe Park It features Updated kitchens, hardwood floors. New roof and new furnace in lower with central air conditioning. Great location with walking distance to schools, West Park restaurant district and two lake front parks Lower rents $1300 per month with a lease through Sept 2025. Upper $1200 per month with a lease thru Sept. 2025

    Paula M. Morris Adlhoch & Associates, REALTORS

    Section Image

Range of Values:

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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
Tama Troy Michael $360,000 Chirco Title Agency
Bouton Howard R K $232,500 First American Title Ins Co
Goosen Eric $183,500 Capital Title Ins Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toma Troy Michael $252,000
Previous Owner Bouton Howard R K $170,900
Previous Owner Bouton Howard R K $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2024 01/24/24 Sold $360,000 -1.4% $142 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/07/2023 12/07/23 For Sale $365,000 -- $144 / 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 $2,060 $150,600 $0 $0
2023 $1,967 $136,900 $0 $0
2022 $1,869 $125,000 $0 $0
2021 $4,795 $118,300 $0 $0
2019 $4,684 $95,000 $0 $0
2018 $1,782 $87,100 $0 $0
2017 $5,787 $57,100 $0 $0
2016 $4,592 $72,000 $0 $0
2015 $6,668 $69,300 $0 $0
2013 $6,460 $66,000 $0 $0
2012 $1,873 $70,600 $14,900 $55,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230102520

Realcomp

APN: 39-009-01-0115-002