NOT LISTED FOR SALE

776 Harcourt Rd Unit 78 Grosse Pointe Park, MI 48230

Estimated Value: $474,000 - $522,000

4 Beds
4 Baths
3,204 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $455,000 $142 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,188/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Pierce Middle School Rated A

About This Home

As of June 2022

Large Windmill Pointe Subdivision duplex a stones throw from Lake St Clair! One of the larger 2 unit buildings in the area, 776 Harcourt consists of an upper and lower flat, each apartment measures over 1,500' SF and contains 2 bedrooms, 2 full bathrooms, lovely living room, family room (could be 3rd bedroom), separate private basements with laundry and additional half bath, 3 car garage parking, and central AC. New furnaces for both units, new roof, and updated windows! Strong income potential with comparable apartments renting for $2,200- $2,500/ month. Potential gross monthly income of $4,400- $5,000/ month. Enjoy single floor living while generating a strong passive rental income from the other apartment to cover your property carrying costs! Tenants pay heat & electric. Walk to 2 waterfront parks with movie theaters, fitness center, gymnasium, boat wells, pools, and much more!

Last Listed By

Jimmy Saros

Jim Saros Real Estate Services License #6501398798 Listed on: 04/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50.00x146.40

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,204 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 39006040030000
  • $10,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Lakeview Estates Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,696

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1950
  • State Equalized Value: 177300.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 3204
  • Total Sq Ft: 3204
  • Sq Ft Total Bsmt: 1600

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 50.00X146.40
  • Parcel Number: 39006040030000
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 3768.0000
  • Tax Amount Winter: 4928.0000
  • Total Tax: 8696.0000
  • Taxable Value: 149513.0000

Multi Family

  • Gross Scheduled Income: 60000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Jun 30, 2022
Sold by
Chen Clark K and Chen Irene K
Bought by
Woods Shannon
Seller's Agent
Jimmy Saros
Jim Saros Real Estate Services
Buyer's Agent
Amy Surdu
O'Connor Realty Detroit, LLC
List Price
$449,000
Sold Price
$455,000
Premium/Discount to List
$6,000
1.34%
Total Days on Market
13
Current Estimated Value
$496,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,058
Avg. Annual Appreciation
3.11%
Original Mortgage
$471,380
Outstanding Balance
$453,471
Interest Rate
5.25%
Mortgage Type
VA
Estimated Equity
$42,587

Purchase Details

Listed on
Jan 25, 2018
Closed on
May 7, 2018
Sold by
Smith Kevin G
Bought by
Chen Clark
Seller's Agent
Julie Ahee
Sine & Monaghan LLC
Buyer's Agent
Kate Hayman
KW Domain
List Price
$389,900
Sold Price
$350,000
Premium/Discount to List
-$39,900
-10.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$280,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2012
Sold by
Smith Susan E and Smith Gordon W
Bought by
Smith Susan E and Smith Family Revocable Trust Agreement

Purchase Details

Closed on
Jun 26, 2003
Sold by
Comerica Bank
Bought by
Smith Gordon W

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
Woods Shannon $455,000 Chirco Title Agency
Chen Clark $350,000 Ata National Title Group Llc
Smith Susan E -- None Available
Smith Gordon W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woods Shannon $471,380
Previous Owner Chen Irene $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $455,000 +1.3% $142 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $449,000 +28.3% $140 / Sq Ft
05/10/2018 05/10/18 Sold $350,000 -7.9% $109 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
03/06/2018 03/06/18 Price Changed $379,900 -2.6% $119 / Sq Ft
01/25/2018 01/25/18 For Sale $389,900 -- $122 / 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 $5,023 $203,200 $0 $0
2023 $4,796 $192,800 $0 $0
2022 $3,833 $181,700 $0 $0
2021 $8,695 $177,300 $0 $0
2019 $8,691 $144,700 $0 $0
2018 $2,670 $122,300 $0 $0
2017 $6,250 $82,100 $0 $0
2016 $5,716 $121,700 $0 $0
2015 $9,992 $115,200 $0 $0
2013 $9,680 $98,400 $0 $0
2012 $2,757 $103,900 $39,600 $64,300
Source: Public Records

Agents Affiliated with this Home

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Source: Realcomp

MLS Number: 2220028994

Realcomp

APN: 39-006-04-0030-000