$525,000
SOLD JUN 14, 2017

131 Lothrop Rd Grosse Pointe Farms, MI 48236

3 Beds
3 Baths
3,086 Sq Ft
0.55 Acres

Recently Sold

$170 Per Sq Ft

11% Below List Price

68 Days on Market

Highlights

  • 0.55 Acre Lot
  • Ranch Style House
  • Porch
  • Kerby Elementary School Rated A
  • No HOA
  • 3 Car Attached Garage

About This Home

As of May 2021

This sprawling, beautiful ranch in an exquisite location near "The Hill" features two master suites, one with a jetted tub, three fireplaces, cozy den and first floor laundry. Bright and sunny kitchen with granite counter tops, double oven, stainless steel appliances and eating area leads to elegant dining room. Home has ample storage and built ins throughout. Finished basement has wet bar, recreation area, additional laundry and half bath. Three car attached garage, circular driveway, paver patio, landscape lighting, and sprinkler system add to your convenience and ease.

Last Agent to Sell the Property

Perry Gatliff

Signature Sotheby's International Realty GPF License #6501290133 Listed on: 02/06/2017

Signature Sotheby's International Realty GPF

Last Buyer's Agent

Anne Craparotta Michaels

License #6501325128

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1950

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 99.79x240.41

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3,086 Sq Ft Home
  • Gas Fireplace
  • Partially Finished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Lothrop Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38011010028002

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,849

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace Fuel: Gas, Natural
  • Room Count: 12
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Refrigerator, Range/Stove
  • Sq Ft Combined: 3866
  • Sq Ft Lower Floor: 780
  • Total Sq Ft: 3086
  • Sq Ft Total Bsmt: 2012

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 99
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1045454.5455
  • Lot Size Area: 0.55
  • Lot Dimensions: 99.79X240.41
  • Parcel Number: 38011010028002

Tax Info

  • Tax Amount Summer: 6457.0000
  • Tax Amount Winter: 5392.0000
  • Total Tax: 11849.0000

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 21, 2021
Sold by
Craparotta Salvatore
Bought by
Parikh Parag Jitendra and Parikh Michelle Elizabeth
Seller's Agent
Anne Michaels
Sandy & Associates LLC
List Price
$749,000
Sold Price
$665,000
Premium/Discount to List
-$84,000
-11.21%
Current Estimated Value
$878,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,097
Avg. Annual Appreciation
6.40%

Purchase Details

Listed on
Feb 6, 2017
Closed on
Jun 14, 2017
Sold by
Bosley Cheryl L and Bosley Ricky L
Bought by
Craparotta Salvatore A
Seller's Agent
Perry Gatliff
Signature Sotheby's International Realty GPF
Buyer's Agent
Anne Craparotta Michaels
List Price
$589,900
Sold Price
$525,000
Premium/Discount to List
-$64,900
-11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$420,000
Interest Rate
3.52%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bosley Ricky L and Bosley Cheryl J
Bought by
Bosley Cheryl J
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 Type Sale Price Title Company
Warranty Deed $665,000 None Available
Warranty Deed $525,000 Bankers Title Settlement Svc
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $420,000 Adjustable Rate Mortgage/ARM
Previous Owner $475,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $665,000 -4.9% $167 / Sq Ft
04/29/2021 04/29/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $699,400 -6.6% $175 / Sq Ft
03/27/2021 03/27/21 For Sale $749,000 +42.7% $188 / Sq Ft
06/14/2017 06/14/17 Sold $525,000 -8.7% $170 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
03/10/2017 03/10/17 Price Changed $575,000 -2.5% $186 / Sq Ft
02/06/2017 02/06/17 For Sale $589,900 -- $191 / 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 $10,242 $400,200 $0 $0
2023 $9,383 $386,200 $0 $0
2022 $9,383 $352,500 $0 $0
2021 $20,359 $342,900 $0 $0
2019 $19,170 $300,000 $0 $0
2018 $8,564 $318,800 $0 $0
2017 $11,763 $307,000 $0 $0
2016 $12,330 $289,200 $0 $0
2015 $24,423 $265,500 $0 $0
2013 $23,660 $236,600 $0 $0
2012 $6,170 $232,000 $92,100 $139,900
Source: Public Records

Agents Affiliated with this Home

  • Anne Michaels

    Seller's Agent in 2021

    Anne Michaels

    Sandy & Associates LLC

    (313) 574-5596

    7 in this area

    18 Total Sales

    Anne Michaels
    Section Image
  • Perry Gatliff

    Seller's Agent in 2017

    Perry Gatliff

    Signature Sotheby's International Realty GPF

    (313) 530-9776

    3 in this area

    68 Total Sales

    Perry Gatliff
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 217009183

Realcomp

APN: 38-011-01-0028-002

Michigan Wayne County Grosse Pointe Farms 48236

131 Lothrop Rd, Grosse Pointe Farms, MI

This home is located at 131 Lothrop Rd, Grosse Pointe Farms, MI 48236 and is currently priced at $525,000, approximately $170 per square foot. This property was built in 1950. 131 Lothrop Rd is a home located in Wayne County with nearby schools including Kerby Elementary School, Brownell Middle School, and Grosse Pointe South High School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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