NOT LISTED FOR SALE

40387 Emerald Ln E Clinton Township, MI 48038

Estimated Value: $512,000 - $548,000

3 Beds
2.5 Baths
3,395 Sq Ft
$155/Sq Ft Est. Value

Sale Details

Date Sold: June 26, 2025

Last sale price $520,000 $153 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,409 / mo

27 Days on Market

Highlights

  • Colonial Architecture
  • 3 Car Direct Access Garage
  • Humidifier
  • Ground Level Unit
  • Forced Air Heating and Cooling System
  • 4-minute walk to Canal Park

About This Home

As of June 2025

Located within the beautiful Emerald Point Subdivision, this exceptionally spacious and meticulously maintained home offers an outstanding floor plan ideal for hosting gatherings. The expansive kitchen, featuring abundant workspace and cabinetry, and the adjacent dining area seamlessly open up off the foyer and are adjacent to the generously sized 21 x 21' family room. This impressive space is enhanced by a vaulted and beamed ceiling, a natural wood fireplace, a wet bar, and LVP flooring. The kitchen also affords direct access to both the formal dining room and the living room on its opposite side. Situated off the remarkable two-story foyer, the study, or home office, showcases custom wood panel millwork, built-in bookshelves, storage cabinetry, a bay window, and hardwood flooring. This private space is further distinguished by double, multi-paned glass French doors. The second floor accommodates a substantial primary bedroom suite, complete with two large walk-in closets and a bathroom equipped with a jetted tub, a separate shower, and a skylight. The additional bedrooms each feature spacious walk-in closets and share the upper hall bathroom. Positioned on a sizable corner lot, the property includes an oversized three-car garage and ample driveway space for guest parking. Located directly across Clinton River Road is Canal Park, and just down the street is Budd Park, offering amenities such as trails, a canoe launch, a playground, and a picnic area. This property benefits from a superb location, with convenient proximity to shopping and the Fern Hill Golf Club, among other attractions. Chippewa Valley Schools.

Last Agent to Sell the Property

Gerald Salerno

@properties Christie's Int'l R.E. Birmingham License #6501313038 Listed on: 05/19/2025

@properties Christie's Int'l R.E. Birmingham

Last Buyer's Agent

Jacob Fortner

@properties Christie's Int'l R E Rochester License #6501431833

@properties Christie's Int'l R E Rochester

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1991

Lot Details

  • 13,939 Sq Ft Lot
  • Lot Dimensions are 90.00 x 155.00

HOA Fees

  • $112 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3,395 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Unfinished Basement
  • Sump Pump

Kitchen

  • Free-Standing Gas Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Www.Epca.Hoaspace.Com Association, Phone Number (586) 412-5825
  • Emerald Pointe Condos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1116254003

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,122

Year Built

Built in 1991

Lot Details

0.32 Acres

HOA Fees

$112 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1991
  • State Equalized Value: 261800.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Humidifier
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 3395

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Side Entrance, Attached, Oversized
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: 586-412-5825d
  • Association Fee: 1345
  • Association Contact: www.epca.hoaspace.com
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.32
  • Lot Dimensions: 90.00 x 155.00
  • Parcel Number: 1116254003

Tax Info

  • Tax Amount Summer: 5524.0000
  • Tax Amount Winter: 3598.0000
  • Total Tax: 9122.0000
  • Taxable Value: 220073.0000

MLS Schools

  • School District: Chippewa Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2025
Closed on
Jun 26, 2025
Sold by
Pencak Mary Ann and Pencak Robert E
Bought by
Koteci Klaus
Seller's Agent
Gerald Salerno
@properties Christie's Int'l R.E. Birmingham
Buyer's Agent
Jacob Fortner
@properties Christie's Int'l R E Rochester
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%
Views
50
Current Estimated Value
$532,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,700
Avg. Annual Appreciation
1.53%
Original Mortgage
$260,000
Outstanding Balance
$259,556
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$266,878

Purchase Details

Closed on
Aug 16, 2013
Sold by
Pencak Robert E and Pencak Mary Ann
Bought by
Pencak Robert E and Pencak Mary Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koteci Klaus $520,000 Ata National Title
Koteci Klaus $520,000 Ata National Title
Pencak Robert E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koteci Klaus $260,000
Closed Koteci Klaus $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2025 06/26/25 Sold $520,000 +0.2% $153 / Sq Ft
06/15/2025 06/15/25 Pending -- -- --
05/28/2025 05/28/25 Price Changed $519,000 -5.5% $153 / Sq Ft
05/19/2025 05/19/25 For Sale $549,000 -- $162 / Sq Ft
Source: Realcomp

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 $5,681 $258,000 $0 $0
2024 $55 $261,800 $0 $0
2023 $5,239 $228,500 $0 $0
2022 $8,400 $211,800 $0 $0
2021 $8,170 $201,500 $0 $0
2020 $4,807 $203,600 $0 $0
2019 $7,610 $209,500 $0 $0
2018 $7,475 $209,000 $0 $0
2017 $7,386 $201,900 $45,400 $156,500
2016 $7,339 $201,900 $0 $0
2015 -- $189,900 $0 $0
2014 -- $180,700 $0 $0
2011 -- $177,000 $38,000 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250036401

Realcomp

APN: 16-11-16-254-003

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