NOT LISTED FOR SALE

20638 E River Rd Grosse Ile, MI 48138

Estimated Value: $3,891,000 - $4,141,566

8 Beds
15 Baths
16,855 Sq Ft
$238/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $2,950,000 $175 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $24,776/month

180 Days on Market

Highlights

  • 265 Feet of Waterfront
  • 2.58 Acre Lot
  • Terrace
  • Dock Facilities
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of December 2019

HUGE PRICE IMPROVEMENT! This majestic European Manor Home with its old world distinctive designs and grandeur embodies timeless architecture with interior designed for contemporary living. Newer construction began in 2007, has extensive features proposed with this construction all with Island ambiance on the Detroit River. The homes construction has halted and property is awaiting its new buyer to finish it to its distinctive grandeur. Just some of the characteristics include extensive custom plaster on walls, moldings and details. All bedrooms have either balconies or terraces. Five car garage, 8 bedrooms, 8 bathrooms, 9 lavatories, heated flooring, mostly upper level walnut wood flooring, marble and limestone details, Tanglewood Conservatory prepped for a pool and cascading water feature. Nine fireplaces. All appointments will require proof of funds. All measurements are approximate. Buyers Agent To Verify All Information.

Last Agent to Sell the Property

Susan Lozano

Signature Sotheby's International Realty Bham License #6501112805 Listed on: 05/23/2019

Signature Sotheby's International Realty Bham

Co-Listed By

John Apap

@properties Christie's Int'l R.E. Birmingham License #6501293592

Last Buyer's Agent

Susan Lozano

Signature Sotheby's International Realty Bham License #6501112805 Listed on: 05/23/2019

Signature Sotheby's International Realty Bham

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 2.58 Acre Lot
  • Lot Dimensions are 265 x 300 x 200 x 265 x 500
  • 265 Feet of Waterfront
  • River Front

Parking

  • 5 Car Direct Access Garage

Home Design

  • Poured Concrete
  • Slate Roof
  • Chimney Cap

Interior Spaces

  • 16,855 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom

Basement

  • Walk-Out Basement
  • Natural lighting in basement

Outdoor Features

  • Seawall
  • Dock Facilities
  • Boat Facilities
  • Balcony
  • Terrace

Utilities

  • Refrigerated Cooling System
  • Zoned Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 73012010066303

Community Details

Overview

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

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Level: 2 Story
  • Year Built: 2007
  • State Equalized Value: 1299900.0000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Dining Room, Family Room, Primary Bedroom
  • Room Count: 31
  • Total Bedrooms: 8
  • Total Bathrooms: 8.70
  • Full Bathrooms: 8
  • Half Bathrooms: 7
  • Basement: Yes
  • Basement Type: Daylight, Walkout Access
  • Sq Ft Combined: 16855
  • Total Sq Ft: 16855
  • Sq Ft Total Bsmt: 6775

Exterior Features

  • Roof Material: Slate
  • Waterfront Name: Detroit River
  • Waterfront: Yes
  • Foundation Details: Basement
  • Exterior Features: Chimney Cap(s)
  • Foundation Materials: Poured
  • Frontage Feet: 265
  • Porch Type: Balcony, Terrace
  • Road Frontage Type: Paved
  • Water Frontage Feet: 265.00
  • Waterfront Description: River Front

Garage/Parking

  • Garage Size: 5 Car
  • Garage Features: Direct Access, Side Entrance, Attached, Basement Access
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Chiller Cooling System
  • Heating: Hot Water, Radiant, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Ile Twp

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 2.58
  • Lot Dimensions: 265 x 300 x 200 x 265 x 500
  • Parcel Number: 73012010066303

Tax Info

  • Tax Amount Summer: 35836.2100
  • Tax Amount Winter: 44015.6100
  • Total Tax: 79851.8200
  • Taxable Value: 1283717.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities, Dock Facilities, Sea Wall

MLS Schools

  • School District: Grosse Ile Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Dec 20, 2019
Sold by
Bates John C and John C Bates Trust
Bought by
Baydoun Amer K
Seller's Agent
Susan Lozano
Signature Sotheby's International Realty Bham
Buyer's Agent
Susan Lozano
Signature Sotheby's International Realty Bham
List Price
$5,900,000
Sold Price
$2,950,000
Premium/Discount to List
-$2,950,000
-50%
Total Days on Market
180
Current Estimated Value
$4,016,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,066,283
Avg. Annual Appreciation
2.94%

Purchase Details

Closed on
Mar 28, 2018
Sold by
Carey John M
Bought by
Bates John C and John C Bates Trust

Purchase Details

Closed on
Apr 16, 2004
Sold by
Guttridge Randall J and Guttridge Diane L
Bought by
Carey John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
5%
Mortgage Type
Unknown
Source: Public Records

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
Baydoun Amer K -- None Available
Bates John C -- None Available
Carey John M $740,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carey John M $10,660,000
Previous Owner Carey John M $1,860,857
Previous Owner Carey John M $2,000,000
Previous Owner Carey John M $592,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $2,950,000 -37.9% $175 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
08/19/2019 08/19/19 Price Changed $4,750,000 -19.5% $282 / Sq Ft
05/23/2019 05/23/19 For Sale $5,900,000 -- $350 / 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 $41,530 $2,031,700 $0 $0
2023 $44,559 $1,841,600 $0 $0
2022 $97,571 $1,681,100 $0 $0
2021 $93,465 $1,620,200 $0 $0
2019 $82,526 $1,346,200 $0 $0
2018 $35,836 $1,299,900 $0 $0
2017 $88,031 $1,266,700 $0 $0
2016 $78,005 $1,266,900 $0 $0
2015 $114,859 $1,153,800 $0 $0
2013 $111,860 $1,143,100 $0 $0
2012 $32,325 $1,088,800 $258,300 $830,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219048525

Realcomp

APN: 73-012-01-0066-303