NOT LISTED FOR SALE

20428 E River Rd Grosse Ile, MI 48138

Estimated Value: $940,000 - $1,263,258

5 Beds
5 Baths
5,400 Sq Ft
$203/Sq Ft Est. Value

Last Sold October 24, 2022

Last sale price $1,100,000 $204 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,747/month

92 Days on Market

Highlights

  • 72 Feet of Waterfront
  • River Access
  • Fireplace in Primary Bedroom
  • Dock Facilities
  • Built-In Refrigerator
  • Deck

About This Home

As of October 2022

This elegant Grosse Ile waterfront property is idea for clients who want high-capacity boat hoists, a galvanized sea wall, and an impressive 2,000 square foot carriage house - in addition to an upscale 4,800 square foot home with separate in-law quarters. In 1995 this home was completely reconstructed and rebuilt. All that remains from the original structure is the basement and one of the 2 chimneys. The carriage house at the back of the property is brick/framed with cement siding, has forced gas heat, air conditioning, and is plumbed for fresh water. It's 2,000 square feet which is made up of; 330 square feet - high ceiling shop area with oak flooring and an 8x10 eclectic overhead door, 1,150 square foot garage area 29' deep with 3 bays 10' wide with 9' ceilings, 500 square foot second floor office with oak flooring and slot board shelving.

The main house boasts beautiful views of the Detroit River, Brazilian cherry hardwood flooring, a luxurious first-floor primary bedroom with fireplace and bathroom, library with built-in shelving overlooking the river, kitchen with all the upgrades and walk out patio, formal living room with 2nd fireplace, formal dining room, winding floating staircase with chandelier, first floor laundry room, and finished basement with heated flooring and 3rd fireplace.

The in-law quarters are accessible through either interior or exterior entrances and come complete with a kitchen, full bathroom, bedroom, combined living and dining room, and private deck.

At the water you'll find a 70' galvanized seawall with both a 10 ton and 5 ton hoist with runways of cement.

Some of the properties additional perks include a 25kW Generac whole-house generator, central vacuum system, pump irrigation system, underground buried electric and cable lines, 7 garage bays in all, back up water system for sump pump, natural gas grill, and chandelier lift.

Last Agent to Sell the Property

Brooke MacNee

MBA Realty License #6501203046 Listed on: 06/15/2022

MBA Realty

Last Buyer's Agent

Jeffrey Garner

EXP Realty License #6501412138

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 1995

Lot Details

  • 0.82 Acre Lot
  • Lot Dimensions are 71.50 x 500.00
  • 72 Feet of Waterfront
  • Home fronts navigable water
  • River Front

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Water Views
  • Partially Finished Basement
  • Fireplace in Basement

Kitchen

  • Built-In Gas Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • 6 Car Direct Access Garage
  • Heated Garage
  • Workshop in Garage
  • Garage Door Opener

Outdoor Features

  • River Access
  • Seawall
  • Dock Facilities
  • Boat Facilities
  • Balcony
  • Deck
  • Patio
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Whole House Permanent Generator
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 73012010056000

Community Details

Overview

  • No Home Owners Association
  • Supervisors Grosse Ile Sub No 5 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,444

Year Built

Built in 1925 | Remodeled in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1925
  • State Equalized Value: 396300.0000
  • Year Renovated: 1995
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas, Natural
  • Fireplace Locations: Basement, Living Room, Primary Bedroom
  • Room Count: 20
  • Total Bedrooms: 5
  • Total Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Built-In Gas Oven, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Washer, Wine Refrigerator
  • Sq Ft Combined: 6398
  • Sq Ft Lower Floor: 998
  • Total Sq Ft: 5400
  • Sq Ft Total Bsmt: 2570

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Detroit River
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Cedar
  • Exterior Features: Whole House Generator
  • Foundation Materials: Poured
  • Frontage Feet: 72
  • Porch Type: Balcony, Deck, Patio, Porch
  • Road Frontage Type: Paved
  • Water Frontage Feet: 72.00
  • Waterfront Description: Across the Road Water Frontage, Direct Water Frontage, River Access, River Front, Water Front

Garage/Parking

  • Garage Size: 6 or More
  • Garage Features: Direct Access, Electricity, Door Opener, Heated, Workshop, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Ile Twp

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 0.82
  • Lot Dimensions: 71.50 x 500.00
  • Parcel Number: 73012010056000

Tax Info

  • Tax Amount Summer: 7145.0000
  • Tax Amount Winter: 9299.0000
  • Total Tax: 16444.0000
  • Taxable Value: 373111.0000

Multi Family

  • Waterfront Features: Navigable, Boat Facilities, Dock Facilities, Sea Wall, ACRFRT, DIRFRT

MLS Schools

  • School District: Grosse Ile Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Oct 24, 2022
Sold by
Ponta Peter Timothy and Ponta Susan D
Bought by
Rudy Lindsey and Rudy Thomas
Seller's Agent
Brooke MacNee
MBA Realty
Buyer's Agent
Jeffrey Garner
EXP Realty
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Total Days on Market
92
Current Estimated Value
$1,094,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,935
Avg. Annual Appreciation
-0.21%
Original Mortgage
$880,000
Outstanding Balance
$855,987
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$238,078

Purchase Details

Closed on
Jul 21, 2003
Sold by
Ponta Peter Timothy and Ponta Susan D
Bought by
Ponta Peter Timothy
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
Rudy Lindsey $1,100,000 --
Ponta Peter Timothy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rudy Lindsey $880,000
Previous Owner Ponta Peter T $100,000
Previous Owner Ponta Peter Timothy $600,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2022 10/24/22 Sold $1,100,000 -4.3% $204 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $1,150,000 -- $213 / 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 $7,475 $538,000 $0 $0
2023 $8,551 $468,500 $0 $0
2022 $17,190 $412,900 $0 $0
2021 $16,444 $396,300 $0 $0
2019 $16,308 $361,100 $0 $0
2018 $7,265 $367,100 $0 $0
2017 $18,761 $359,200 $0 $0
2016 $16,602 $359,400 $0 $0
2015 $35,760 $357,600 $0 $0
2013 $35,150 $358,200 $0 $0
2012 $7,306 $343,400 $103,700 $239,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221005265

Realcomp

APN: 73-012-01-0056-000