NOT LISTED FOR SALE

262 Ridgemont Rd Grosse Pointe Farms, MI 48236

Estimated Value: $343,365 - $421,000

4 Beds
1 Bath
2,400 Sq Ft
$159/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $315,000 $131 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,087/month

7 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • 2 Car Garage
  • Kerby Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of September 2019

PERFECTIONIST-OWNED CAPE COD ON A DOUBLE LOT IN THE FARMS!!!! Charming home nestled in one of the most desirable neighborhoods in Grosse Pointe Farms. Masterfully renovated from top to bottom both cosmetically & mechanically, these owners left nothing untouched. The long list of features includes: completely updated kitchen w/custom cabinets, quartz surfaces, stainless steel appliance set; updated full-bath w/new fixtures & subway tile; refinished hardwoods throughout; partially-finished basement; newer roof; newer furnace/AC; replacement Wallside windows; newer hot-water tank; HUGE double-lot yard w/brick paver patio; 2-car garage; and much more!!

Last Agent to Sell the Property

Jacob Davis

James Saros Agency Inc License #MISPE-6501390544 Listed on: 08/19/2019

Last Buyer's Agent

Rey Collingwood

Signature Sotheby's International Realty GPF License #RCO-6501388859

Signature Sotheby's International Realty GPF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1939

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 78 x 149

Parking

  • 2 Car Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Grosse Pointe Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3800600248000, 38006010247000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,438

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Cape Cod
  • Structure Style: 2 Story
  • Total Tax Amount: 4437.92
  • Total Tax Year: 2018
  • Year Built: 1939
  • Mail City: Grosse Pointe Farms
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement: Full
  • Bedrooms: 4
  • Bedroom 1: On 2nd Floor, Dimensions: 11 x 16
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On 2nd Floor, Dimensions: 11 x 13
  • Bedroom 2 Floor Covering: Wood
  • Bedroom 3: On 2nd Floor, Dimensions: 10 x 11
  • Bedroom 3 Floor Covering: Wood
  • Bedroom 4: On 1st Floor, Dimensions: 10 x 10
  • Bedroom 4 Floor Covering: Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Below Grade Bedrooms: 1
  • Bathroom 1: On Level: First, Flooring: Ceramic
  • Breakfast Nook: On 1st Floor, Dimensions: 7 x 7
  • Breakfast Nook Floor Covering: Wood
  • Dining Room: On 1st Floor, Dimensions: 11 x 9
  • Dining Room Floor Covering: Wood
  • Kitchen: On 1st Floor, Dimensions: 11 x 8
  • Kitchen Floor Covering: Wood
  • Living Room: On 1st Floor, Dimensions: 16 x 12
  • Living Room Floor Covering: Wood
  • Below Grade Sq Ft: 1016
  • Finished Below Grade Sq Ft: 800
  • Half Bathrooms: 2
  • Above Grade Finished Sq Ft: 1600
  • Total Finished Sq Ft: 2400

Exterior Features

  • Exterior: Brick
  • Foundation: Basement
  • Frontage: 78

Garage/Parking

  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 3800600248000, 38006010247000
  • Lot Dimensions: 78 x 149
  • Acreage: 0.26
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2019, Amount: $2,421.28
  • Winter Tax: Year: 2018, Amount: $2,072.09
  • Total Tax: Year: 2018, Amount: $4,437.92

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Sep 27, 2019
Sold by
Krengel Justin and Krengel Erin
Bought by
Leong Joel Yin
Seller's Agent
Jacob Davis
James Saros Agency Inc
Buyer's Agent
Rey Collingwood
Signature Sotheby's International Realty GPF
List Price
$320,000
Sold Price
$315,000
Premium/Discount to List
-$5,000
-1.56%
Current Estimated Value
$381,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,591
Avg. Annual Appreciation
3.16%
Original Mortgage
$297,350
Outstanding Balance
$260,494
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$121,097

Purchase Details

Closed on
Apr 7, 2005
Sold by
Griffith Timothy T and Griffith Virginia A
Bought by
Krengel Justin

Purchase Details

Closed on
Sep 2, 1999
Sold by
Revo Augustine F Mannino
Bought by
Griffith Timothy T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Leong Joel Yin $313,000 Chirco Title Agency Inc
Krengel Justin $230,000 Greco
Griffith Timothy T $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leong Joel Yin $297,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $315,000 -1.6% $131 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $320,000 -- $133 / Sq Ft
Source: Michigan Multiple Listing Service

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 $922 $46,700 $0 $0
2024 $922 $38,700 $0 $0
2023 $879 $37,400 $0 $0
2022 $1,641 $34,100 $0 $0
2021 $1,550 $32,800 $0 $0
2019 $1,199 $23,400 $0 $0
2018 $615 $22,900 $0 $0
2017 $1,077 $22,700 $0 $0
2016 $740 $14,700 $0 $0
2015 $2,054 $22,700 $0 $0
2013 $1,990 $19,900 $0 $0
2012 $528 $19,900 $19,900 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jacob Davis

    James Saros Agency Inc

    Section Image
  • Rey Collingwood

    Buyer's Agent in 2019

    Rey Collingwood

    Signature Sotheby's International Realty GPF

    (313) 888-8800

    44 Total Sales

    Rey Collingwood
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31391494

Michigan Multiple Listing Service

APN: 38-006-01-0247-000

Michigan Wayne County Grosse Pointe Farms 48236

262 Ridgemont Rd, Grosse Pointe Farms, MI

Not Listed for Sale

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Michigan Multiple Listing Service Source MLS: MiRealSource
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