NOT LISTED FOR SALE

1408 Lakepointe St Unit 10 Grosse Pointe Park, MI 48230

Estimated Value: $306,000 - $341,801

4 Beds
2 Baths
2,160 Sq Ft
$150/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $229,500 $106 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,013/month

2 Days on Market

Highlights

  • Covered patio or porch
  • Balcony
  • Forced Air Heating System
  • George Defer Elementary School Rated A
  • Awning

About This Home

As of January 2020

Incredible Duplex in Grosse Pointe Park! This is a must see! Nestled in the heart of the Cabbage Patch close to West Park, and the newly developed Charlevoix Strip! Location spells this! Steps away from the best places in Grosse Pointe from Park Place Market, The Charlevoix, O'Flaherty's, Howlers and Growlers, to Ripe Records solidify this area as the new hot spot in Grosse Pointe Park! Walkability in a great neighborhood with the best city services anyone can ask for. This well maintained property is an investors dream! Hardwood floors throughout. Your tenants will have access to two private waterfront parks including movie theaters, pool, tennis courts, splash pad, and kayaking. This property is a gem! If you are looking for a solid investment property this is it! With close proximity to downtown Detroit this property won't last long. Don't miss out on this great opportunity to invest in Grosse Pointe!

Last Listed By

Michael Defauw

Sine & Monaghan LLC License #6501387091 Listed on: 01/25/2020

Sine & Monaghan LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30.00x157

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 2 Full Bathrooms
  • 2,160 Sq Ft Home
  • 2-Story Property
  • Awning
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Lake Pointe Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39007060037000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,435

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 94100.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2160
  • Total Sq Ft: 2160
  • Sq Ft Total Bsmt: 1050

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Block/Concrete/Masonry, Brick
  • Exterior Features: Awning/Overhang(s), Lighting
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Grosse Pointe

Lot Info

  • List Price per Acre: 2045454.5455
  • Lot Size Area: 0.11
  • Lot Dimensions: 30.00X157
  • Parcel Number: 39007060037000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes

Tax Info

  • Tax Amount Summer: 1648.0000
  • Tax Amount Winter: 2787.0000
  • Total Tax: 4435.0000
  • Taxable Value: 64329.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2023
Sold by
City Of Grosse Pointe Park
Bought by
Grosse Pointe Park Northwest Tax Increment Fi
Total Days on Market
2
Current Estimated Value
$324,450

Purchase Details

Listed on
Jan 25, 2020
Closed on
Jan 31, 2020
Sold by
Stanbury Richard A
Bought by
City Of Grosse Pointe Park
Seller's Agent
Michael Defauw
Sine & Monaghan LLC
Buyer's Agent
Michael Defauw
Sine & Monaghan LLC
List Price
$225,000
Sold Price
$229,501
Premium/Discount to List
$4,501
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Nov 6, 2017
Sold by
Todd Richard J and Todd Richard J
Bought by
Todd Richard J

Purchase Details

Closed on
Oct 25, 2017
Sold by
Todd Richard J and Todd Richard J
Bought by
Todd Richard J

Purchase Details

Closed on
Aug 25, 2004
Sold by
Goodall Robert and Goodall Deborah
Bought by
Todd Richard J

Purchase Details

Closed on
Aug 19, 1994
Sold by
Stiller Harald
Bought by
Richard J Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
8.59%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Grosse Pointe Park Northwest Tax Increment Fi -- --
City Of Grosse Pointe Park $229,500 Ata National Title Group Llc
Todd Richard J -- None Available
Todd Richard J -- None Available
Todd Richard J -- First American Title Ins Co
Richard J Todd $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Todd Richard J $58,500
Previous Owner Todd Richard J $60,000
Previous Owner Richard J Todd $62,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $229,501 +2.0% $106 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $225,000 0.0% $104 / Sq Ft
05/05/2017 05/05/17 Rented $850 0.0% --
02/23/2017 02/23/17 For Rent $850 0.0% --
02/13/2017 02/13/17 Under Contract -- -- --
09/30/2016 09/30/16 For Rent $850 -- --
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 $2,454 $0 $0 $0
2023 $6,951 $0 $0 $0
2022 $6,951 $0 $0 $0
2021 $6,951 $0 $0 $0
2019 $4,270 $94,100 $0 $0
2018 $1,625 $74,100 $0 $0
2017 $5,324 $55,000 $0 $0
2016 $4,211 $64,500 $0 $0
2015 $6,080 $60,800 $0 $0
2013 -- $61,600 $0 $0
2012 $1,706 $65,300 $9,500 $55,800
Source: Public Records

Agents Affiliated with this Home

  • Michael Defauw

    Seller's Agent in 2020

    Michael Defauw

    Sine & Monaghan LLC

    (313) 820-5428

    85 in this area

    214 Total Sales

    Michael Defauw
    Section Image

  • A

    Seller's Agent in 2017

    Anna Bartolotta

    Grosse Pointe Apartments LLC

    (313) 505-0456

    3 in this area

    25 Total Sales

    Anna Bartolotta
    Section Image

  • .

    Buyer's Agent in 2017

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Realcomp

MLS Number: 2200006457

Realcomp

APN: 39-007-06-0037-000

Michigan Wayne County Grosse Pointe Park 48230

1408 Lakepointe St Unit 10, Grosse Pointe Park, MI

Homes for Sale in Grosse Pointe Park, MI

This home is located at 1408 Lakepointe St Unit 10, Grosse Pointe Park, MI 48230 since 25 January 2020 and is currently estimated at $324,450, approximately $150 per square foot. This property was built in 1926. 1408 Lakepointe St Unit 10 is a home located in Wayne County with nearby schools including George Defer Elementary School, Pierce 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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