NOT LISTED FOR SALE

467 Lake Shore Rd Grosse Pointe Farms, MI 48236

Estimated Value: $504,000 - $1,495,042

0.59 Acre
$1,452,137 Price per Acre
25,700 Sq Ft Lot

Last Sold July 30, 2020

Last sale price $1,015,000

Est. 16% decrease in value since last sale

Current estimated payment $5,214/month

591 Days on Market

Highlights

  • Waterfront
  • 0.59 Acre Lot
  • Property is near schools
  • Kerby Elementary School Rated A

About This Lot

As of July 2020

**A ONCE IN A GENERATION OPPORTUNITY** The only developable Lake Shore frontage lot in GPF! Positioned on one of the highest points of land on Lake St. Clair's shoreline. This lot delivers an unobstructed view of the Lake while providing privacy from passers-by. Meticulously maintained, this parcel's landscaping plan is highlighted by the lush perimeter plantings creating the ambiance of a formal garden. With 117’ of frontage on Lake Shore Dr. and 230’deep, this parcel presents the builder/developer with a rare opportunity. Don't let this opportunity pass you by......

Last Agent to Sell the Property

Alex Lucido

Lucido and Associates, Inc License #MISPE-6502119186 Listed on: 11/16/2018

Last Buyer's Agent

Tom Griffith

Real Estate One Grosse Pointe License #MISPE-6506019818

Real Estate One Grosse Pointe

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 117x230
  • Waterfront

Schools

  • Kerby Elementary School
  • Brownell Middle School
  • South High School

Additional Features

  • Property is near schools
  • Gas Available at Street

Community Details

  • Preston Place Sub. Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38-004-05-0004-001

Property Details

Property Type

Land

Est. Annual Taxes

$11,000

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: VACANT LAND
  • Type Of Property: Vacant Land
  • Style: Vacant Land
  • Total Tax Amount: 11000
  • Total Tax Year: 2019
  • Mail City: Grosse Pointe Farms
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 117
  • Lake Name: Lake St. Clair
  • Water Features: Lake Frontage, Water View, Waterfront, All Sports Lake
  • Waterfront: Yes
  • Roads: Paved Street
  • Frontage Type: Road

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Public At Street
  • Fuel On Site: Gas At Street

Condo/Co-op/Association

  • Community Amenities: Street Lights

Schools

  • School District: Grosse Pointe Public Schools
  • Elementary School: Kerby
  • Middle School: Brownell
  • High School: South

Lot Info

  • Assessor Parcel Number: 38-004-05-0004-001
  • Location: Main Street, Walk To School
  • Acreage: 0.59
  • Lot Description: Sidewalks
  • Zoning: Residential
  • Lot Size: 117x230
  • Survey On File: Yes
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2019, Amount: $3,000.00
  • Winter Tax: Year: 2019, Amount: $8,000.00
  • Total Tax: Year: 2019, Amount: $11,000.00

MLS Schools

  • Elementary School: Kerby
  • Middle School: Brownell
  • School District: Grosse Pointe Public Schools
  • HighSchool: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jul 30, 2020
Sold by
Laethem Alysia and Laethem Jeffrey
Bought by
Moquin Kenneth J
Seller's Agent
Alex Lucido
Lucido and Associates, Inc
Buyer's Agent
Tom Griffith
Real Estate One Grosse Pointe
List Price
$1,189,000
Sold Price
$1,015,000
Premium/Discount to List
-$174,000
-14.63%
Current Estimated Value
$856,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$158,239
Avg. Annual Appreciation
-3.17%
Original Mortgage
$800,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2013
Closed on
Dec 20, 2013
Sold by
Williams Thomas C and Williams Jacqueline M
Bought by
Laethem Jeffrey and Laethem Alysia
Seller's Agent
Barbara Alle
Bolton-Johnston Assoc. of G.P.
Buyer's Agent
Alex Lucido
Lucido and Associates, Inc
List Price
$1,495,000
Sold Price
$900,000
Premium/Discount to List
-$595,000
-39.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Moquin Kenneth J -- Chirco Title Agency Inc
Laethem Jeffrey -- Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moquin Kenneth J $2,840,000
Previous Owner Moquin Kenneth J $800,000
Previous Owner Williams Thomas C $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $1,015,000 -7.3% --
06/29/2020 06/29/20 Pending -- -- --
02/27/2020 02/27/20 Price Changed $1,095,000 -6.3% --
01/10/2020 01/10/20 Price Changed $1,169,000 -0.5% --
10/08/2019 10/08/19 Price Changed $1,175,000 -1.2% --
10/01/2019 10/01/19 For Sale $1,189,000 +17.1% --
09/30/2019 09/30/19 Off Market $1,015,000 -- --
08/19/2019 08/19/19 Price Changed $1,189,000 -0.5% --
06/17/2019 06/17/19 Price Changed $1,195,000 -2.4% --
04/19/2019 04/19/19 Price Changed $1,225,000 -1.1% --
03/28/2019 03/28/19 Price Changed $1,239,000 -0.5% --
01/28/2019 01/28/19 Price Changed $1,245,000 -0.4% --
12/26/2018 12/26/18 Price Changed $1,250,000 -2.0% --
12/12/2018 12/12/18 Price Changed $1,275,000 -0.3% --
11/26/2018 11/26/18 Price Changed $1,279,000 -8.6% --
11/16/2018 11/16/18 For Sale $1,399,000 +55.4% --
12/20/2013 12/20/13 Sold $900,000 -39.8% $195 / Sq Ft
12/12/2013 12/12/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $1,495,000 -- $324 / 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 $6,552 $653,600 $0 $0
2024 $6,552 $248,600 $0 $0
2023 $6,835 $248,600 $0 $0
2022 $6,835 $265,600 $0 $0
2021 $16,328 $248,600 $0 $0
2019 $15,595 $248,600 $0 $0
2018 $6,403 $248,600 $0 $0
2017 $16,618 $248,600 $0 $0
2016 $14,293 $248,600 $0 $0
2015 $63,398 $683,300 $0 $0
2013 $60,000 $600,000 $0 $0
2012 $15,957 $600,000 $238,800 $361,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31365585

Michigan Multiple Listing Service

APN: 38-004-05-0004-001