NOT LISTED FOR SALE

1 Rathbone Place Grosse Pointe, MI 48230

Estimated Value: $1,355,000 - $1,721,599

6 Beds
5 Baths
7,605 Sq Ft
$202/Sq Ft Est. Value

Last Sold December 11, 2019

Last sale price $935,000 $123 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $10,020/month

262 Days on Market

Highlights

  • 0.8 Acre Lot
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Lewis Maire Elementary School Rated A
  • Deck
  • 4-minute walk to Neff Park

About This Home

As of December 2019

1 Rathbone is a very special home by famed architect Louis Kamper who designed homes for Detroit’s wealthy in the early 1900’s, as well at the Book Cadillac Hotel, Tower and Building. Sitting on close to 1 acre with beautiful terraces and gardens the home features a large open chef’s kitchen with subzero and high end appliances. The large living room has beautiful plasterwork, large bright sunroom with tile floor. Hallway gallery with coved ceiling, library with fireplace, wonderful sweeping staircase with acanthus leaf balusters. Master bedroom w fireplace, pretty marble bath and large walk in closet/dressing room. 3rd floor has an additional bedroom, full bath, large study and kitchenette. Basement has recently updated rec room with fireplace and lav. Hardwood floors, high ceilings. Elevator to all floors. Thick masonry walls and large overhanging eaves. Wonderful condition!

Last Agent to Sell the Property

Elizabeth Follis

Sine & Monaghan LLC License #MISPE-6501201549 Listed on: 03/01/2019

Sine & Monaghan LLC

Last Buyer's Agent

Mary Aubrey-Rogers

Sine & Monaghan LLC License #MISPE-6506043343

Sine & Monaghan LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1918

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 250 x 169
  • Fenced Yard
  • Sprinkler System

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Elevator
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Home Security System

Kitchen

  • Oven or Range
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Exterior Basement Entry
  • Fireplace in Basement
  • Block Basement Construction

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Terrace

Utilities

  • Central Air
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Community Details

  • Otsiketa Court Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37-006-03-0005-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,446

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: More Than 2 Stories
  • Total Tax Amount: 22445.55
  • Year Built: 1918
  • Mail City: Grosse Pointe
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cable/Internet Avail., Ceramic Floors, Elevator/Lift, Hardwood Floors, Security System, Walk-In Closet
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: Basement Fireplace, Gas Fireplace, Grt Rm Fireplace, LivRoom Fireplace, Primary Bedroom Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Block, Outside Entrance, Partially Finished
  • Bedrooms: 6
  • Bedroom 1: On 2nd Floor, Dimensions: 19 x 17
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 16
  • Bedroom 3: On 2nd Floor, Dimensions: 20 x 13
  • Bedroom 4: On 2nd Floor, Dimensions: 13 x 13
  • Bedroom 5: On 2nd Floor, Dimensions: 11 x 11
  • Bedroom 6: On 2nd Floor, Dimensions: 10 x 10
  • Full Bathrooms: 5
  • Total Bathrooms: 7
  • Below Grade Bedrooms: 1
  • Bathroom 1: On Level: Second
  • Bathroom 2: On Level: Second
  • Bathroom 3: On Level: Second
  • Bathroom 4: On Level: Second
  • Bathroom 5: On Level: Third
  • Dining Room: On Entry Level, Dimensions: 18 x 19
  • Kitchen: On Entry Level, Dimensions: 30 x 23
  • Library Den: On Entry Level, Dimensions: 12 x 20
  • Living Room: On Entry Level, Dimensions: 30 x 25
  • Sun Room: On Entry Level, Dimensions: 18 x 18
  • Other Room1: On Level: Entry
  • Below Grade Sq Ft: 3551
  • Finished Below Grade Sq Ft: 800
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 6805
  • Total Finished Sq Ft: 7605

Exterior Features

  • Exterior: Brick
  • Exterior Features: Exterior Balcony, Deck, Fenced Yard, Lawn Sprinkler, Patio, Street Lights, Terrace
  • Foundation: Basement
  • Frontage: 250
  • Road: Private Road

Garage/Parking

  • Garage: Detached Garage, Gar Door Opener, Off Street
  • Garage Spaces: 3
  • Garage: Yes

Utilities

  • Heating: Boiler
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water at Street
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 37-006-03-0005-000
  • Zoning: Residential
  • Lot Dimensions: 250 x 169
  • Acreage: 0.8
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $14,659.61
  • Winter Tax: Year: 2018, Amount: $7,785.94
  • Taxable Value: 432293
  • Total Tax: Amount: $22,445.55
  • SEV Year: 2018

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Dec 11, 2019
Sold by
Corbett John Gregory and Corbett Declaration O Jullie W
Bought by
Subramaniam Iyer Revocable Living Trust
Seller's Agent
Elizabeth Follis
Sine & Monaghan LLC
Buyer's Agent
Mary Aubrey-Rogers
Sine & Monaghan LLC
List Price
$1,175,000
Sold Price
$935,000
Premium/Discount to List
-$240,000
-20.43%
Current Estimated Value
$1,538,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$603,900
Avg. Annual Appreciation
7.53%
Original Mortgage
$467,500
Outstanding Balance
$330,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,073,700

Purchase Details

Closed on
Feb 25, 2011
Sold by
Corbett Julie W
Bought by
Corbett Julie W and Julie W Corbett Declaration Of
Source: Public Records

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
Subramaniam Iyer Revocable Living Trust $935,000 First American Title
Corbett Julie W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iyer Chandrika $200,000
Open Subramanian Iyer Revocable Living Trust $467,500
Previous Owner Corbett Julie W $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2019 12/11/19 Sold $935,000 -6.0% $123 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/16/2019 10/16/19 Price Changed $995,000 -7.4% $131 / Sq Ft
05/07/2019 05/07/19 Price Changed $1,075,000 -8.5% $141 / Sq Ft
03/01/2019 03/01/19 For Sale $1,175,000 -- $155 / Sq Ft
Source: Michigan Multiple Listing Service

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 $18,250 $619,000 $0 $0
2023 $17,405 $511,200 $0 $0
2022 $25,743 $506,900 $0 $0
2021 $24,408 $491,100 $0 $0
2019 $24,075 $624,100 $0 $0
2018 $14,660 $587,000 $0 $0
2017 $15,476 $580,700 $0 $0
2016 $22,063 $572,700 $0 $0
2015 $41,837 $535,700 $0 $0
2013 $40,530 $429,200 $0 $0
2012 -- $395,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Follis

    Seller's Agent in 2019

    Elizabeth Follis

    Sine & Monaghan LLC

    (313) 530-3759

    3 in this area

    36 Total Sales

    Elizabeth Follis
    Section Image
  • Mary Aubrey-Rogers

    Buyer's Agent in 2019

    Mary Aubrey-Rogers

    Sine & Monaghan LLC

    (313) 319-5679

    5 in this area

    201 Total Sales

    Mary Aubrey-Rogers
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31371902

Michigan Multiple Listing Service

APN: 37-006-03-0005-000

Michigan Wayne County Grosse Pointe 48230

1 Rathbone Place, Grosse Pointe, MI

This home is located at 1 Rathbone Place, Grosse Pointe, MI 48230 since 01 March 2019 and is currently estimated at $1,538,900, approximately $202 per square foot. This property was built in 1918. 1 Rathbone Place is a home located in Wayne County with nearby schools including Lewis Maire Elementary School, Pierce Middle School, and Grosse Pointe South High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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