NOT LISTED FOR SALE

1243 Lakepointe St Unit 1245 Grosse Pointe Park, MI 48230

Estimated Value: $402,429 - $440,000

3 Beds
3 Baths
3,325 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $419,000 $126 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,537/month

76 Days on Market

Highlights

  • Enclosed patio or porch
  • Balcony
  • Ceiling Fan
  • George Defer Elementary School Rated A
  • Awning
  • Hot Water Heating System

About This Home

As of September 2024

Spacious multi-family residential investment opportunity in Grosse Pointe Park on a beautiful neighborhood street just a half block from the popular bakery, shops and restaurants on Kercheval. Three floors and over 3,300 square feet of living space between two residences with high ceilings and original character preserved. The first floor residence features a large living room, dining room, kitchen and 3 bedrooms; a full bath, sunroom, and a big, bright front porch. The upper residence consists of the top 2 floors and features on floor 2: hardwood floors, living room, dining room, kitchen, 3 bedrooms, a full bath, sunroom, front covered balcony; and continues on the 3rd floor with addition of a 4th bedroom, family room, full bath and kitchenette. The home includes plentiful storage in the clean open basement, with 2 sets of laundry machines, and 2 water heaters. Parking is easy with a full driveway, 2-car garage, and an additional paved parking area in the fenced back yard. The home is well maintained with a newer roof and stays cool in summer months with ceiling fans and window AC units (included). Ideal location between West Park business and social districts on both Kercheval and Charlevoix; also easily walkable to schools and the public library. Enjoy resident-only access to 2 waterfront parks: Patterson Park and Windmill Pointe Park, that between the two offer outstanding facilities and amenities including: marina, pool, splash pad, baby pool, playgrounds, gym, movie theater, dog park, kayak & SUP storage and launch, fitness center, golf, ice skating, pickleball courts, concessions, seasonal programming, and more.

Last Agent to Sell the Property

Lara Miller

Jim Saros Real Estate Services License #6501398364 Listed on: 06/13/2024

Last Buyer's Agent

Lara Miller

Jim Saros Real Estate Services License #6501398364 Listed on: 06/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1917

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35 x 163
  • Back Yard Fenced

Parking

  • 5 Car Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3,325 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Outdoor Features

  • Balcony
  • Enclosed patio or porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 39007060127000

Community Details

Overview

  • 2 Units
  • Lake Pointe Heights Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,730

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Year Built: 1917
  • State Equalized Value: 193600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Smoke Alarm, Carbon Monoxide Alarm(s), Laundry Facility
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 3325
  • Total Sq Ft: 3325
  • Sq Ft Total Bsmt: 1439

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 35
  • Porch Type: Balcony, Porch - Covered, Porch - Enclosed, Porch, Covered, Enclosed
  • Road Frontage Type: Paved
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage, Paved
  • Total Parking Spaces: 5

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Hot Water, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 35 x 163
  • Parcel Number: 39007060127000
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 3200

Tax Info

  • Tax Amount Summer: 2101.0000
  • Tax Amount Winter: 3629.0000
  • Total Tax: 5730.0000
  • Taxable Value: 193600.0000

Multi Family

  • Gross Scheduled Income: 38400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 20, 2024
Sold by
Westerman Elizabeth S and Westerman Elizabeth
Bought by
Harrigan Tyler and Harrigan James M
Seller's Agent
Lara Miller
Jim Saros Real Estate Services
Buyer's Agent
Lara Miller
Jim Saros Real Estate Services
List Price
$468,500
Sold Price
$419,000
Premium/Discount to List
-$49,500
-10.57%
Total Days on Market
76
Views
71
Current Estimated Value
$421,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,357
Avg. Annual Appreciation
0.77%
Original Mortgage
$362,100
Outstanding Balance
$360,098
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$61,259

Purchase Details

Closed on
Jun 13, 1994
Sold by
Orley F Susan
Bought by
Elizabeth Westerman and Elizabeth Leslie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.58%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Harrigan Tyler $419,000 Ata National Title
Elizabeth Westerman $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrigan Tyler $362,100
Previous Owner Elizabeth Westerman $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $419,000 -6.3% $126 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
07/11/2024 07/11/24 Price Changed $447,000 -4.6% $134 / Sq Ft
06/13/2024 06/13/24 For Sale $468,500 -- $141 / 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 $2,200 $200,700 $0 $0
2023 $2,101 $193,600 $0 $0
2022 $1,996 $166,200 $0 $0
2021 $5,121 $149,200 $0 $0
2019 $5,003 $123,000 $0 $0
2018 $1,903 $94,300 $0 $0
2017 $6,145 $68,300 $0 $0
2016 $4,886 $84,100 $0 $0
2015 $7,123 $77,200 $0 $0
2013 -- $70,500 $0 $0
2012 $1,998 $75,400 $15,900 $59,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240041216

Realcomp

APN: 39-007-06-0127-000