NOT LISTED FOR SALE

316 Lothrop Rd Grosse Pointe Farms, MI 48236

Estimated Value: $420,000 - $520,000

2 Beds
1 Bath
1,454 Sq Ft
$314/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $255,000 $175 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,934/month

12 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Fireplace
  • Kerby Elementary School Rated A
  • 1 Car Detached Garage
  • Patio

About This Home

As of October 2016

***CHARMING RANCH IN THE HEART OF THE FARMS*** Features include: updated kitchen, nice sized bedrooms, screened/glassed porch and deep lot. Lower level has full bathroom with stall shower, and three other separate rooms including laundry room. Curb appeal, neutral décor, and ideal floor plan. Home Warranty, and all appliances are included. Move right in!

Last Agent to Sell the Property

Marilyn A. Stanitzke

Higbie Maxon Agney Inc License #MISPE-6501127133 Listed on: 08/10/2016

Last Buyer's Agent

Christine Winans

Real Living Kee Realty-Troy License #RCO-6501319579

Real Living Kee Realty-Troy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 70 x 173

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,454 Sq Ft Home
  • Fireplace
  • Partially Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Lothrop Pines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38010080119000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,869

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 5869
  • Year Built: 1949
  • Mail City: Grosse Pointe Farms
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: Natural Fireplace
  • Basement: Yes
  • Basement: Partially Finished
  • Bedrooms: 2
  • Bedroom 1: On 1st Floor, Dimensions: 14 x 13
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On 1st Floor, Dimensions: 16 x 10
  • Bedroom 2 Floor Covering: Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Below Grade Bathroom: 1
  • Bathroom 1: Dimensions: 10 x 7, On Level: First
  • Dining Room: On 1st Floor, Dimensions: 12 x 9
  • Dining Room Floor Covering: Carpet
  • Kitchen: On 1st Floor, Dimensions: 12 x 10
  • Library Den: On 1st Floor, Dimensions: 11 x 11
  • Living Room: On 1st Floor, Dimensions: 25 x 13
  • Living Room Floor Covering: Carpet
  • Sun Room: On 1st Floor, Dimensions: 14 x 14
  • Below Grade Sq Ft: 884
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1454
  • Total Finished Sq Ft: 1454

Exterior Features

  • Exterior: Brick
  • Exterior Features: Patio
  • Foundation: Basement
  • Frontage: 70

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1
  • Garage: Yes

Utilities

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

Lot Info

  • Assessor Parcel Number: 38010080119000
  • Zoning: Residential
  • Lot Dimensions: 70 x 173
  • Acreage: 0.27
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2016, Amount: $3,198.00
  • Winter Tax: Year: 2015, Amount: $2,671.00
  • Taxable Value: 121342
  • Total Tax: Amount: $5,869.00
  • SEV Year: 2016

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2016
Closed on
Oct 14, 2016
Sold by
Higbie F Tobias
Bought by
Brown Michael M
Seller's Agent
Marilyn A. Stanitzke
Higbie Maxon Agney Inc
Buyer's Agent
Christine Winans
Real Living Kee Realty-Troy
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Current Estimated Value
$455,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,952
Avg. Annual Appreciation
6.65%
Original Mortgage
$204,000
Outstanding Balance
$168,162
Interest Rate
3.52%
Estimated Equity
$279,797

Purchase Details

Closed on
Jun 12, 1995
Sold by
Higbie Peter C and Higbie Frances T
Bought by
Higbie Peter C and Peter C Higbie Revocable Trust
Source: Public Records

Range of Values:

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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
Brown Michael M $255,000 None Available
Higbie Peter C -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Michael Murray $43,500
Open Brown Michael $204,000
Closed Brown Michael M $204,000
Previous Owner Higbie Peter C $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $255,000 +2.0% $175 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $250,000 -- $172 / 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
2024 $4,977 $220,900 $0 $0
2023 $4,742 $205,000 $0 $0
2022 $8,856 $187,900 $0 $0
2021 $8,367 $179,500 $0 $0
2019 $8,227 $174,100 $0 $0
2018 $4,210 $166,100 $0 $0
2017 $7,305 $153,500 $0 $0
2016 $6,108 $147,700 $0 $0
2015 $12,098 $134,800 $0 $0
2013 $11,720 $117,200 $0 $0
2012 $3,057 $114,900 $40,100 $74,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Marilyn A. Stanitzke

    Higbie Maxon Agney Inc

  • Christine Winans

    Buyer's Agent in 2016

    Christine Winans

    Real Living Kee Realty-Troy

    (248) 505-1704

    2 in this area

    141 Total Sales

    Christine Winans
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31299898

Michigan Multiple Listing Service

APN: 38-010-08-0119-000

Michigan Wayne County Grosse Pointe Farms 48236

316 Lothrop Rd, Grosse Pointe Farms, MI

This home is located at 316 Lothrop Rd, Grosse Pointe Farms, MI 48236 since 10 August 2016 and is currently estimated at $455,952, approximately $313 per square foot. This property was built in 1949. 316 Lothrop Rd is a home located in Wayne County with nearby schools including Kerby Elementary School, Brownell 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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