NOT LISTED FOR SALE

40 Preston Place Grosse Pointe Farms, MI 48236

Estimated Value: $2,618,952 - $3,255,000

7 Beds
7 Baths
9,000 Sq Ft
$326/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $2,050,000 $228 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $19,294/month

Highlights

  • In Ground Pool
  • 2.38 Acre Lot
  • Fireplace in Primary Bedroom
  • Kerby Elementary School Rated A
  • Colonial Architecture
  • Pond

About This Home

As of December 2018

The most impressive home in the Pointes. Privacy & luxury are yours in this handsome estate located on a secluded street & offering professionally landscaped gardens & grounds 344x300; in-ground pool w/new tile; separate pool house w/ dual dressing rms; 4 car garage w/ carriage house apartment; garden shed. Formal foyer w/ floating circular staircase set within soaring bow window. First flr master suite w/ tray ceiling, firepl, dressing rm, private marble bath. 2nd 1st floor bedrm suite w/ tray ceiling. Step down library w/firepl, bay window & gleaming hardwd paneling. Kitchen w/ vaulted ceiling & butler pantry. 3 season Garden Rm. Service stairs, wine cellar.Double & triple stack moldings, gleaming hardwood flrs, wide plank or full width herringbone floors. Most baths are bookend marble. Firepls in Liv Rm, Library, Family Rm, Master Bedrm, Kitchen. Park like grounds, fountains, patios and 2 Koi ponds. Separate carriage apartmt w/liv rm, bedroom, bath & kitchen not incl in sq ft.

Last Agent to Sell the Property

Janet Ridder

Sine & Monaghan LLC License #MISPE-6506020234 Listed on: 06/22/2018

Sine & Monaghan LLC

Last Buyer's Agent

Elizabeth Follis

Sine & Monaghan LLC License #MISPE-6501201549

Sine & Monaghan LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 2.38 Acre Lot
  • Lot Dimensions are 344x300
  • Fenced Yard
  • Sprinkler System

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • 9,000 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Bay Window
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Sump Pump
  • Block Basement Construction

Parking

  • 4 Car Detached Garage
  • Side Facing Garage

Outdoor Features

  • In Ground Pool
  • Pond
  • Balcony
  • Patio
  • Terrace
  • Porch

Utilities

  • Central Air
  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Community Details

  • Preston Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38004050011001;74004070011301

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 62617.71
  • Year Built: 1963
  • Mail City: Grosse Pointe Farms
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Bay Window, Cable/Internet Avail., Hardwood Floors, Security System, Walk-In Closet, Wet Bar/Bar
  • Appliances: Bar-Refrigerator, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, LivRoom Fireplace, Primary Bedroom Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Block, Sump Pump
  • Bedrooms: 7
  • Bedroom 1: On 1st Floor, Dimensions: 20 x 16
  • Bedroom 2: On 1st Floor, Dimensions: 20 x 16
  • Bedroom 3: On 2nd Floor, Dimensions: 18 x 17
  • Bedroom 4: On 2nd Floor, Dimensions: 18 x 17
  • Bedroom 5: On 2nd Floor, Dimensions: 12 x 15
  • Bedroom 6: On 2nd Floor, Dimensions: 12 x 10
  • Full Bathrooms: 7
  • Total Bathrooms: 9
  • Below Grade Bedrooms: 1
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Bathroom 3: On Level: Second
  • Bathroom 4: On Level: Second
  • Room Types: Family Room, First Flr Primary Bedroom, Living Room, Primary Bathroom
  • Dining Room: On 1st Floor, Dimensions: 23 x 18
  • Dining Room Floor Covering: Wood
  • Family Room: On 1st Floor, Dimensions: 19 x 23
  • Kitchen: On 1st Floor, Dimensions: 18 x 14
  • Laundry: In Basement
  • Library Den: On 1st Floor, Dimensions: 18 x 18
  • Library Den Floor Covering: Wood
  • Living Room: On 1st Floor, Dimensions: 31 x 20
  • Living Room Floor Covering: Wood
  • Sitting Room: On 1st Floor, Dimensions: 13 x 13
  • Sun Room: On 1st Floor, Dimensions: 27 x 19
  • Other Room1: Dimensions: 14x14, On Level: First
  • Other Room 2: Dimensions: 21x15, On Level: Second
  • Below Grade Sq Ft: 3903
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 9000
  • Total Finished Sq Ft: 9000

Exterior Features

  • Exterior: Brick, Cedar
  • Exterior Features: Exterior Balcony, Fenced Yard, Inground Pool, Lawn Sprinkler, Patio, Porch, Street Lights, Terrace, Pond
  • Foundation: Basement
  • Frontage: 344
  • Road: Curbed, Paved Street

Garage/Parking

  • Garage: Detached Garage, Electric in Garage, Side Loading Garage
  • Garage Spaces: 4
  • Garage: Yes

Utilities

  • Heating: Boiler, Hot Water
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 38004050011001;74004070011301
  • Zoning: Residential
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft.
  • Lot Dimensions: 344x300
  • Acreage: 2.38
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $33,615.73
  • Winter Tax: Year: 2017, Amount: $29,001.98
  • Taxable Value: 1247373
  • Total Tax: Amount: $62,617.71
  • SEV Year: 2018

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Dec 18, 2018
Sold by
Jaffe Ira and Glancy Joan C
Bought by
Dieck Alexandra E and The 40 Prestone Place Trust
Seller's Agent
Janet Ridder
Sine & Monaghan LLC
Buyer's Agent
Elizabeth Follis
Sine & Monaghan LLC
List Price
$2,395,000
Sold Price
$2,050,000
Premium/Discount to List
-$345,000
-14.41%
Current Estimated Value
$2,936,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$886,976
Avg. Annual Appreciation
5.48%
Source: Public Records

Range of Values:

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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
Dieck Alexandra E -- Attorneys Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $2,050,000 0.0% $228 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
09/26/2018 09/26/18 Price Changed $2,050,000 -14.4% $228 / Sq Ft
06/22/2018 06/22/18 For Sale $2,395,000 -- $266 / 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 $44,670 $1,943,700 $0 $0
2024 $44,670 $1,888,700 $0 $0
2023 $40,923 $1,699,700 $0 $0
2022 $40,923 $1,564,700 $0 $0
2021 $97,750 $1,488,300 $0 $0
2019 $96,949 $1,517,200 $0 $0
2018 $33,167 $1,465,000 $0 $0
2017 $57,547 $1,430,400 $0 $0
2016 $60,324 $1,407,200 $0 $0
2015 $119,484 $1,318,200 $0 $0
2013 $115,750 $1,157,500 $0 $0
2012 $30,785 $1,157,500 $374,500 $783,000
Source: Public Records

Agents Affiliated with this Home

  • Janet Ridder

    Seller's Agent in 2018

    Janet Ridder

    Sine & Monaghan LLC

    (313) 300-5558

    19 in this area

    45 Total Sales

    Janet Ridder
    Section Image
  • Elizabeth Follis

    Buyer's Agent in 2018

    Elizabeth Follis

    Sine & Monaghan LLC

    (313) 530-3759

    9 in this area

    33 Total Sales

    Elizabeth Follis
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31351549

Michigan Multiple Listing Service

APN: 38-004-05-0011-001

Michigan Wayne County Grosse Pointe Farms 48236

40 Preston Place, Grosse Pointe Farms, MI

This home is located at 40 Preston Place, Grosse Pointe Farms, MI 48236 since 22 June 2018 and is currently estimated at $2,936,976, approximately $326 per square foot. This property was built in 1963. 40 Preston Place 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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