NOT LISTED FOR SALE

1440 Lakepointe St Grosse Pointe Park, MI 48230

Estimated Value: $264,000 - $394,000

5 Beds
3 Baths
1,170 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $285,000 $244 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,021/month

Highlights

  • Colonial Architecture
  • George Defer Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Great investment opportunity, 3 bedroom single family home with a 2 bedroom carriage house in the back.

Last Agent to Sell the Property

Spencer Ray

Jim Saros Real Estate Services License #6501409153 Listed on: 07/29/2021

Last Buyer's Agent

Spencer Ray

Jim Saros Real Estate Services License #6501409153 Listed on: 07/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1919

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30.00x155.30

Home Design

  • Colonial Architecture
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 1,170 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 39007060048000

Community Details

Overview

  • 2 Units
  • Lake Pointe Heights Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,651

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1919
  • State Equalized Value: 87100.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1170

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 30.00X155.30
  • Parcel Number: 39007060048000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2700

Tax Info

  • Tax Amount Summer: 1404.0000
  • Tax Amount Winter: 2247.0000
  • Total Tax: 3651.0000
  • Taxable Value: 55201.0000

Multi Family

  • Gross Scheduled Income: 32400.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Jul 12, 2021
Sold by
Reck Gordon A and Peck John M
Bought by
Faulken Denzel and Faulken Kiana
Seller's Agent
Spencer Ray
Jim Saros Real Estate Services
Buyer's Agent
Spencer Ray
Jim Saros Real Estate Services
Sold Price
$285,000
Current Estimated Value
$322,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,743
Avg. Annual Appreciation
2.91%
Original Mortgage
$279,837
Outstanding Balance
$254,025
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$68,718

Purchase Details

Closed on
Dec 29, 2014
Sold by
Reck Matthew D
Bought by
Reck Gordon A

Purchase Details

Closed on
Jun 9, 2011
Sold by
Sandercott Paul
Bought by
The Federal Home Loan Mortgage Corporati
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Faulken Denzel $285,000 Chirco Title Agency Inc
Reck Gordon A -- None Available
The Federal Home Loan Mortgage Corporati $125,720 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faulken Denzel $279,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2021 07/29/21 Sold $285,000 +295.8% $244 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
09/06/2013 09/06/13 Sold $72,000 -3.9% $31 / Sq Ft View Prior Sale
08/08/2013 08/08/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $74,900 -- $32 / 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
2025 $3,868 $108,800 $0 $0
2024 $3,868 $158,600 $0 $0
2023 $3,694 $154,800 $0 $0
2022 $3,509 $141,400 $0 $0
2021 $2,829 $98,800 $0 $0
2019 $3,596 $78,600 $0 $0
2018 $1,368 $60,600 $0 $0
2017 $4,569 $41,900 $0 $0
2016 $3,589 $53,600 $0 $0
2015 $5,120 $51,200 $0 $0
2013 $5,080 $53,000 $0 $0
2012 $2,278 $54,700 $11,700 $43,000
Source: Public Records

Agents Affiliated with this Home

  • Spencer Ray

    Seller's Agent in 2021

    Spencer Ray

    Jim Saros Real Estate Services

    (313) 886-9030

    39 in this area

    196 Total Sales

    Spencer Ray
    Section Image
  • Darralyn Bowers

    Seller's Agent in 2013

    Darralyn Bowers

    Bowers Realty & Investments, Inc

    (248) 557-1200

    68 Total Sales

    Darralyn Bowers
    Section Image
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Map

Source: Realcomp

MLS Number: 2210061611

Realcomp

APN: 39-007-06-0048-000

Michigan Wayne County Grosse Pointe Park 48230

1440 Lakepointe St, Grosse Pointe Park, MI

Not Listed for Sale

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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