NOT LISTED FOR SALE

494 Bournemouth Rd Grosse Pointe Farms, MI 48236

Estimated Value: $330,000 - $398,000

4 Beds
1.5 Baths
1,728 Sq Ft
$209/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $270,000 $156 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,308/month

45 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Fenced Yard
  • John Monteith Elementary School Rated A-
  • Sun or Florida Room
  • 2 Car Detached Garage

About This Home

As of November 2023

This home is the best value around. One of its most remarkable features is its proximity to everything Grosse Pointe Farm has to offer. A leisurely stroll takes you to bustling streets filled with charming cafes, boutique shops, and cultural landmarks. Your favorite restaurants and entertainment venues are just around the corner, ensuring you'll never miss a beat of the city's vibrant pulse. For families seeking a serene retreat, you'll be delighted to know that a picturesque family park is mere steps away. Enjoy picnics, playgrounds, and leisurely afternoon walks in this idyllic green space. It's a haven of relaxation and recreation, within walking distance. While this home retains its vintage charm, it also presents an opportunity for those with a vision. It's worth noting that the property requires updates and modernization. This gives you the chance to personalize and transform it into the home of your dreams, all while adding significant value. Priced below neighboring homes, it represents a rare and enticing proposition. This charming home in this beloved city offers an unbeatable lifestyle, with city amenities and a family park just a stone's throw away. While it awaits a touch of modernization, its competitive pricing below neighboring properties makes it an excellent investment for those seeking a blend of history, convenience, and potential. Don't miss your chance to make this piece of this city's story your own.

Last Agent to Sell the Property

Giovanni Spadafora

KW Platinum License #MISPE-6501240554 Listed on: 09/19/2023

KW Platinum

Last Buyer's Agent

Chad Apap

EXP Z Real Estate License #6501429996

EXP Z Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1948

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 59 x 112
  • Fenced Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • 1,728 Sq Ft Home
  • 1.5-Story Property
  • Window Treatments
  • Living Room with Fireplace
  • Sun or Florida Room
  • Partially Finished Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

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

Community Details

  • De Saranno Grosse Pointe Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38-001-08-0015-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,478

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Split Level
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 4478
  • Total Tax Year: 2022
  • Year Built: 1948
  • Mail City: Grosse Pointe Farms
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Hardwood Floors, Window Treatment(s)
  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: LivRoom Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Block, Partially Finished
  • Bedrooms: 4
  • Bedroom 1: On 1st Floor, Dimensions: 13 x 12
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On 1st Floor, Dimensions: 13 x 11
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On 2nd Floor, Dimensions: 17 x 12
  • Bedroom 3 Floor Covering: Carpet
  • Bedroom 4: On 2nd Floor, Dimensions: 12 x 11
  • Bedroom 4 Floor Covering: Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Bathroom 1: On Level: First, Flooring: Ceramic
  • Room Types: First Flr Primary Bedroom, Living Room, Sun/Florida Room, Unfinished Room, Basement Lavatory
  • Dining Room: On 1st Floor, Dimensions: 11 x 10
  • Dining Room Floor Covering: Wood
  • Kitchen: On 1st Floor, Dimensions: 11 x 11
  • Kitchen Floor Covering: Vinyl
  • Living Room: On 1st Floor, Dimensions: 19 x 13
  • Living Room Floor Covering: Wood
  • Sun Room: On 1st Floor, Dimensions: 15 x 11
  • Sun Room Floor Covering: Carpet
  • Below Grade Sq Ft: 1182
  • Above Grade Finished Sq Ft: 1728
  • Total Finished Sq Ft: 1728
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Porch, Sidewalks, Storms/Screens, Street Lights
  • Foundation: Basement
  • Frontage: 59
  • Road: City/County
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • 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: 38-001-08-0015-002
  • Zoning: Residential
  • Lot Dimensions: 59 x 112
  • Acreage: 0.15
  • Geo Subdivision: MI
  • Site/Lot Features: Subdivision

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,305.00
  • Winter Tax: Year: 2022, Amount: $2,173.00
  • Total Tax: Year: 2022, Amount: $4,478.00
  • SEV Year: 2022

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Nov 15, 2023
Sold by
Burns Beverly A
Bought by
Rao Harikrishna and Bellavia Laura Marie
Seller's Agent
Giovanni Spadafora
KW Platinum
Buyer's Agent
Chad Apap
EXP Z Real Estate
List Price
$285,000
Sold Price
$270,000
Premium/Discount to List
-$15,000
-5.26%
Views
816
Current Estimated Value
$357,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,804
Avg. Annual Appreciation
18.03%

Purchase Details

Closed on
Jan 16, 2003
Sold by
Condino Deborah A
Bought by
Burns Robert L
Source: Public Records

Range of Values:

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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
Rao Harikrishna $270,000 None Listed On Document
Burns Robert L $234,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burns Robert $50,484
Previous Owner Burns Robert $49,999
Previous Owner Burns Robert L $32,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $270,000 -4.6% $156 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
10/24/2023 10/24/23 Price Changed $283,000 +1.1% $164 / Sq Ft
10/15/2023 10/15/23 Price Changed $280,000 -1.8% $162 / Sq Ft
09/22/2023 09/22/23 For Sale $285,000 -- $165 / 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 $4,190 $173,600 $0 $0
2024 $4,190 $159,000 $0 $0
2023 $2,398 $145,800 $0 $0
2022 $4,478 $131,900 $0 $0
2021 $4,230 $119,900 $0 $0
2019 $4,160 $110,100 $0 $0
2018 $2,129 $106,400 $0 $0
2017 $3,694 $103,700 $0 $0
2016 $3,872 $101,900 $0 $0
2015 $7,670 $84,600 $0 $0
2013 $7,430 $74,300 $0 $0
2012 $1,977 $74,300 $26,300 $48,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50122452

Michigan Multiple Listing Service

APN: 38-001-08-0015-002