NOT LISTED FOR SALE

24850 E River Rd Grosse Ile, MI 48138

Estimated Value: $980,000 - $1,174,000

4 Beds
4 Baths
5,380 Sq Ft
$198/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $810,000 $151 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,400/month

128 Days on Market

Highlights

  • 161 Feet of Waterfront
  • 1.07 Acre Lot
  • Corner Lot
  • Built-In Refrigerator
  • Gothic Architecture
  • No HOA

About This Home

As of January 2024

Legend had it there was a Governor's Gala event here in the 90's. After viewing the home myself I'm not sure why H.W. Bush didn't require the secret service to do the same. This historical home is simply stunning! There is no shortage of charm, class or coziness with this one. They don't build them like this anymore. The first stone house built on Grosse Ile (1860) and designed by famed architect, Gordon Lloyd, is anchored with the thickest of stone walls. The location doesn't get better! Located in the East River historic district on a corner lot with just over an acre of lush grass with privacy provided by sturdy trees, shrubbery and the river front across the street. Great care and attention was made to restore the home but also keep the radiance of yesteryear. Lloyd was ahead of his time in constructing this handsome home. Gray stone, with pointed gables and tall chimneys are remarkable. The architecture in each room will actually have you enjoying watching paint dry (if you decide to paint?). The Green Giant is welcome with rooms that are large and high-ceilinged. A grandiose conservatory of almost all glass was added in 2001 to allow for a spacious area to enjoy stunning views of the Detroit River. The open concept kitchen has been completely updated with a center island, granite counters and stainless steel appliances. The formal dining room is a triple threat as you'll be enjoying company, a delicious dinner and picturesque water front views. The home has 3 fireplaces, 2 stair cases and 1 unforgettable vibe. Another kitchen has been added to the 2 car attached garage. Bonus space comes in the form of the detached garage in the back of the property. Exit through the living room door or the convenient Bilco basement doors to get to the private patio in back. You may feel like meditation is in order as the soothing waterfall pond greets you as you enter the home from the side porch. Come see this historical legend in all it's class & beauty today!

Last Listed By

Drew Cheetwood

Social House Real Estate Group LLC License #6501399470 Listed on: 07/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1860

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 158x276x155x299
  • 161 Feet of Waterfront
  • Lake Front
  • River Front
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Gothic Architecture
  • Stone Foundation
  • Stone Siding

Interior Spaces

  • 5,380 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Library with Fireplace
  • Water Views
  • Unfinished Basement

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 73027020113001

Community Details

Overview

  • No Home Owners Association
  • Supervisors Grosse Ile Sub No 7 Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,392

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Gothic Revival
  • Architecture Level: 2 Story
  • Year Built: 1860
  • State Equalized Value: 525800.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Library, Living Room
  • Room Count: 13
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Built-In Refrigerator, Dishwasher, Double Oven, Dryer, Electric Cooktop, Microwave, Washer
  • Sq Ft Combined: 5380
  • Total Sq Ft: 5380
  • Sq Ft Total Bsmt: 1626

Exterior Features

  • Waterfront Name: Lake Erie
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Stone
  • Exterior Features: Lighting
  • Foundation Materials: Stone
  • Frontage Feet: 158
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved
  • Sideof Street: W
  • Water Frontage Feet: 161.00
  • Waterfront Description: Lake Front, River Front

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Ile Twp

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot, Water View
  • Lot Size Area: 1.07
  • Lot Dimensions: 158x276x155x299
  • Parcel Number: 73027020113001

Tax Info

  • Tax Amount Summer: 5804.0000
  • Tax Amount Winter: 8588.0000
  • Total Tax: 14392.0000
  • Taxable Value: 322691.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Grosse Ile Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2023
Closed on
Jan 29, 2024
Sold by
Bologna Linda and Bologna Robert J
Bought by
Engelbrecht Asma and Engelbrecht Marc A
Seller's Agent
Drew Cheetwood
Social House Real Estate Group LLC
Buyer's Agent
Kimberly Nagy Street
KW Domain
List Price
$949,000
Sold Price
$810,000
Premium/Discount to List
-$139,000
-14.65%
Total Days on Market
128
Views
595
Current Estimated Value
$1,062,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,745
Avg. Annual Appreciation
22.65%
Original Mortgage
$648,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Engelbrecht Asma $810,000 First American Title
Engelbrecht Asma $810,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engelbrecht Marc $682,500
Closed Engelbrecht Marc $648,000
Closed Engelbrecht Asma $648,000
Previous Owner Bologna Robert J $500,000
Previous Owner Bologna Robert J $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2024 01/30/24 Sold $810,000 -4.6% $151 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
09/13/2023 09/13/23 Price Changed $849,000 -5.7% $158 / Sq Ft
08/22/2023 08/22/23 Price Changed $900,000 -5.2% $167 / Sq Ft
07/25/2023 07/25/23 For Sale $949,000 -- $176 / 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 $5,406 $574,000 $0 $0
2023 $6,184 $553,000 $0 $0
2022 $14,392 $525,800 $0 $0
2021 $13,767 $500,200 $0 $0
2019 $13,654 $458,500 $0 $0
2018 $5,872 $480,700 $0 $0
2017 $15,163 $471,600 $0 $0
2016 $13,418 $472,500 $0 $0
2015 $28,573 $471,900 $0 $0
2013 $27,681 $317,300 $0 $0
2012 $5,396 $310,000 $198,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230059954

Realcomp

APN: 73-027-02-0113-001