$146,000
SOLD MAY 8, 2015

1031 Lakepointe St Grosse Pointe Park, MI 48230

4 Beds
2 Baths
2,033 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

3% Below List Price

18 Days on Market

Highlights

  • Ceiling Fan
  • Hot Water Heating System
  • Garage
  • George Defer Elementary School Rated A

About This Home

As of May 2015

MULTIFAMILY HOME, WITH 2-2 BEDROOM UNITS EACH WITH 1 FULL BATH, KITCHEN, LIVING ROOM. Are you ready to own your own income property and start making money? If so this property is for you! This property backs up to the Grosse Pointe Park Police Dept. and is 2 doors down from the library. The property owner was receiving $1,200/month on the lower unit and $650/month on the upper unit. Windows updated in 2003, both boilers replaced in 2003, electrical panel updated in 2014. Lower unit has hardwood parquet flooring and upper unit has hardwood floors. 2 car detached garage.

Last Agent to Sell the Property

Albert Hakim

City Real Estate Group License #6502378429 Listed on: 03/10/2015

Co-Listed By

Anthony Bellanca

Golden Key Realty Group LLC License #6501370252

Last Buyer's Agent

Kevin Wobbe

@properties Christie's Int'l R.E. Detroit License #6501330888

@properties Christie's Int'l R.E. Detroit

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40.00x159.00

Parking

  • Garage

Home Design

  • Block Foundation
  • Asphalt

Interior Spaces

  • 2 Full Bathrooms
  • 2,033 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 2 Units
  • Bern Jefferson Ave Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39008030004000
  • $5,840 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 267.5
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Type: Unfinished
  • Sq Ft Combined: 2033
  • Total Sq Ft: 2033
  • Sq Ft Total Bsmt: 944

Exterior Features

  • Foundation Details: Michigan Basement
  • Construction Materials: Asphalt
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Hot Water
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: No

Schools

  • School District: Grosse Pointe

Lot Info

  • List Price per Acre: 1070714.2857
  • Lot Size Area: 0.14
  • Lot Dimensions: 40.00X159.00
  • Parcel Number: 39008030004000
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 1853.0000
  • Tax Amount Winter: 2767.0000
  • Total Tax: 4620.0000

Multi Family

  • Number Of Units Total: 2
  • Number of Two 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
Mar 10, 2015
Closed on
May 8, 2015
Sold by
Kozak John F and Kozak Michelle C
Bought by
Pastrone Michael E
Seller's Agent
Albert Hakim
City Real Estate Group
Buyer's Agent
Kevin Wobbe
@properties Christie's Int'l R.E. Detroit
List Price
$149,900
Sold Price
$146,000
Premium/Discount to List
-$3,900
-2.6%
Current Estimated Value
$354,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,718
Avg. Annual Appreciation
8.76%
Original Mortgage
$149,139
Interest Rate
3.62%
Mortgage Type
VA
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $146,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $134,069 VA
Closed $149,139 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Rented $1,100 0.0% --
07/25/2023 07/25/23 Under Contract -- -- --
05/31/2023 05/31/23 For Rent $1,100 -31.3% --
05/15/2022 05/15/22 Rented $1,600 0.0% --
04/11/2022 04/11/22 Under Contract -- -- --
04/01/2022 04/01/22 For Rent $1,600 0.0% --
05/08/2015 05/08/15 Sold $146,000 -2.6% $72 / Sq Ft
03/28/2015 03/28/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $149,900 -- $74 / 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 $2,353 $167,600 $0 $0
2023 $2,247 $153,000 $0 $0
2022 $2,135 $143,800 $0 $0
2021 $4,843 $127,700 $0 $0
2019 $4,723 $98,600 $0 $0
2018 $1,956 $82,300 $0 $0
2017 $5,425 $54,900 $0 $0
2016 $4,593 $74,000 $0 $0
2015 $7,188 $73,100 $0 $0
2013 $6,963 $73,600 $0 $0
2012 $1,849 $75,800 $19,200 $56,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215020850

Realcomp

APN: 39-008-03-0004-000