NOT LISTED FOR SALE

1440 Lakepointe St Grosse Pointe Park, MI 48230

Estimated Value: $291,000 - $363,000

5 Beds
3 Baths
1,170 Sq Ft
$286/Sq Ft Est. Value

Last Sold July 29, 2021

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

Est. 18% increase in value since last sale

Current estimated payment $2,172/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
  • Sq Ft Combined: 1170
  • Total Sq Ft: 1170
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 30
  • 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

Schools

  • School District: Grosse Pointe

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

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
$334,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,992
Avg. Annual Appreciation
3.92%
Original Mortgage
$279,837
Outstanding Balance
$256,750
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$75,838

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:

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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
Previous Owner Sandercott Paul $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    37 in this area

    198 Total Sales

    Section Image
  • Darralyn Bowers

    Seller's Agent in 2013

    Darralyn Bowers

    Bowers Realty & Investments, Inc

    (248) 557-1200

    69 Total Sales

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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

This home is located at 1440 Lakepointe St, Grosse Pointe Park, MI 48230 since 29 July 2021 and is currently estimated at $334,992, approximately $286 per square foot. This property was built in 1919. 1440 Lakepointe St is a home located in Wayne County with nearby schools including George Defer Elementary School, Pierce Middle School, and Grosse Pointe South High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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