NOT LISTED FOR SALE

1087 Lakepointe St Unit 89 Grosse Pointe Park, MI 48230

Estimated Value: $362,000 - $391,000

6 Beds
2 Baths
2,400 Sq Ft
$159/Sq Ft Est. Value

Last Sold July 19, 2017

Last sale price $218,500 $91 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,454/month

28 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Porch
  • George Defer Elementary School Rated A
  • Fenced Yard
  • Patio

About This Home

As of July 2017

Are you looking for investment properties? We have 3 buildings for sale. 20341- 20345 E 8 Mile rd. MLS# 31320828. & 924 - 926 Beaconsfield Avenue MLS# 31320832. Pictures of the inside are of 1089. This money-making duplex was completely remodeled in 2011. Both units were modernized. The updated kitchen with new Counters, Cabinets & Ceramic tile floors, lead you out to the four season room. Everything was replaced in these units. Electrical, including new breakers & breaker box. New plumbing, & for visitors a 1/2 bath was installed on the main floor in each unit. new fixtures throughout. Extra parking in rear of lot. What can I say you have to see it for yourself. Listed under market value, so seize the opportunity. Long term tenants are every landlords dream. These Lessee's are on a on month to month basis as of now. This is one you don't want to kick yourself later because someone beat you to it. Don't wait call your favorite Realtor now.

Last Listed By

Salvatore Agrusa

Berkshire Hathaway HomeServices Kee Realty SCS License #MISPE-6506045822 Listed on: 05/25/2017

Berkshire Hathaway HomeServices Kee Realty SCS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 9,583 Sq Ft Lot
  • 65 Ft Wide Lot
  • Fenced Yard

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Laundry in Utility Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 2 Units
  • Bern Jefferson Ave Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39-008-03-0024-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Year Built: 1909
  • Mail City: Grosse Pointe Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Ceramic Floors, Hardwood Floors, Window Treatment(s)
  • Basement: Yes
  • Basement Type: Block, Partially Finished, Full
  • Bedrooms: 6
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: Living Room, Sun/Florida Room, Utility/Laundry Room
  • Half Bathrooms: 2
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2400

Exterior Features

  • Construction: Vinyl Siding, Vinyl Trim
  • Exterior Features: Fenced Yard, Patio, Porch, Sidewalks, Storms/Screens, Street Lights
  • Frontage: 65
  • Foundation Type: Basement
  • Roads: Curbed, Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s), Central A/C, Exhaust Fan
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 39-008-03-0024-000
  • Location: Subdivision
  • Lot Dimensions: 9410
  • Acreage: 0.22
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2016, Amount: $4,437.52
  • Winter Tax: Year: 2016, Amount: $3,195.31
  • Taxable Value: 75580
  • Total Tax: Year: 2016, Amount: $7,632.83
  • SEV Year: 2017

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Jul 17, 2017
Sold by
Nortley Mark D
Bought by
Smith Alton
Seller's Agent
Salvatore Agrusa
Berkshire Hathaway HomeServices Kee Realty SCS
Buyer's Agent
Terrence Lane
The Lane Agency
List Price
$224,900
Sold Price
$218,500
Premium/Discount to List
-$6,400
-2.85%
Total Days on Market
28
Current Estimated Value
$380,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,326
Avg. Annual Appreciation
7.58%
Original Mortgage
$163,875
Outstanding Balance
$139,150
Interest Rate
3.91%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$247,790

Purchase Details

Closed on
Apr 29, 2005
Sold by
Mcdonald Thomas J and Mcdonald Dorothy A
Bought by
Nortley Mark D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 1982
Sold by
Mcdonald Thomas J and Mcdonald Dorothy A
Bought by
Mcdonald Thomas J

Purchase Details

Closed on
Mar 20, 1982
Sold by
Mcdonald Harriet M and Mcdonald Harriet M
Bought by
Mcdonald Thomas J

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
Smith Alton $218,500 None Available
Nortley Mark D $208,000 Greco
Mcdonald Thomas J -- Omega Title Company Inc
Mcdonald Thomas J -- Omega Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Alton $163,875
Previous Owner Nortley Mark $1,126,000
Previous Owner Nortley Mark D $610,000
Previous Owner Nortley Mark D $460,000
Previous Owner Nortley Mark D $166,400
Previous Owner Nortley Mark D $20,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2017 07/19/17 Sold $218,500 -0.6% $91 / Sq Ft
06/22/2017 06/22/17 Pending -- -- --
06/22/2017 06/22/17 Price Changed $219,900 -2.2% $92 / Sq Ft
05/25/2017 05/25/17 For Sale $224,900 -- $94 / 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 $4,114 $181,000 $0 $0
2023 $4,002 $166,000 $0 $0
2022 $3,899 $156,700 $0 $0
2021 $7,545 $140,900 $0 $0
2019 $7,044 $111,600 $0 $0
2018 $2,413 $93,300 $0 $0
2017 $6,470 $54,900 $0 $0
2016 $7,589 $79,700 $0 $0
2015 $7,535 $77,600 $0 $0
2013 -- $75,700 $0 $0
2012 $3,335 $77,800 $24,800 $53,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31320829

Michigan Multiple Listing Service

APN: 39-008-03-0024-000