NOT LISTED FOR SALE

5 Island Ln Grosse Pointe, MI 48230

Estimated Value: $977,681 - $1,176,000

4 Beds
3 Baths
3,700 Sq Ft
$293/Sq Ft Est. Value

Last Sold August 01, 2012

Last sale price $560,000 $151 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $6,978/month

12 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • 2.5 Car Attached Garage
  • Richard Elementary School Rated A
  • Whirlpool Bathtub
  • Wet Bar

About This Home

As of August 2012

Beautiful Colonial on Private street in GP City. Desireable first floor master suite. Large foyer with circular staircase. Eat-in kitchen opens to large family room. Private yard with Hot Tub. Ample closet space and storage throughout. Basement is partially finished, open, clean and has high ceiling. Oversized 2 car attached garage. Newer Roof, Furnace and Air. Beautifully maintained.

Last Agent to Sell the Property

Tom Griffith

Real Estate One Grosse Pointe License #MISPE-6506019818 Listed on: 06/04/2012

Real Estate One Grosse Pointe

Last Buyer's Agent

Cathy Champion

Sine & Monaghan LLC License #MISPE-6506035998

Sine & Monaghan LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,037

Year Built

  • Built in 1986

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 115 x 138
  • Sprinkler System

Parking

  • 2.5 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Patio

Schools

  • Richard Elementary School
  • Brownell Middle School
  • South High School

Utilities

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

Community Details

  • Assrs City Of Grosse Pointe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37006140002001

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,037

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 2 Story
  • Year Built: 1986
  • Mail City: Grosse Pointe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors, Sump Pump, Walk-In Closet, Wet Bar/Bar
  • Basement: Yes
  • Basement: Full, Partially Finished
  • Bedrooms: 4
  • Bedroom 1: On 1st Floor, Dimensions: 18 x 14
  • Bedroom 2: On 2nd Floor, Dimensions: 17 x 13
  • Bedroom 3: On 2nd Floor, Dimensions: 15 x 10
  • Bedroom 4: On 2nd Floor, Dimensions: 14 x 14
  • Bathrooms Description: Whirlpool/Hot Tub
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Breakfast Nook: On 1st Floor, Dimensions: 11 x 7
  • Dining Room: On 1st Floor, Dimensions: 15 x 14
  • Family Room: On 1st Floor, Dimensions: 23 x 16
  • Kitchen: On 1st Floor, Dimensions: 11 x 10
  • Laundry: On 1st Floor, Dimensions: 12 x 11
  • Living Room: On 1st Floor, Dimensions: 20 x 16
  • Other Room1: Dimensions: 40x30, On Level: Basement
  • Other Room 2: Dimensions: 12x16, On Level: Basement
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 3700
  • Total Finished Sq Ft: 3700

Exterior Features

  • Pool: Yes
  • Exterior: Brick
  • Exterior Features: Lawn Sprinkler, Patio, Spa/Hot Tub
  • Foundation: Basement
  • Road: Private Road

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 2.5
  • Garage: Yes

Utilities

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

Schools

  • Elementary School: Richard
  • Middle School: Brownell
  • High School: South

Lot Info

  • Assessor Parcel Number: 37006140002001
  • Lot Dimensions: 115 x 138
  • Acreage: 0.36
  • Geo Subdivision: MI

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2012
Closed on
Aug 1, 2012
Sold by
Oetting Dorothy A
Bought by
Hobbs Andrew and Smith Bridget
Seller's Agent
Tom Griffith
Real Estate One Grosse Pointe
Buyer's Agent
Cathy Champion
Sine & Monaghan LLC
List Price
$569,000
Sold Price
$560,000
Premium/Discount to List
-$9,000
-1.58%
Current Estimated Value
$1,083,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,560
Avg. Annual Appreciation
4.93%
Original Mortgage
$417,000
Outstanding Balance
$293,040
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$758,796
Source: Public Records

Range of Values:

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Average Value
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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
Hobbs Andrew $560,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hobbs Andrew $417,000
Previous Owner Oetting Martin C $250,000
Previous Owner Oetting Martin C $42,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2012 08/01/12 Sold $560,000 -1.6% $151 / Sq Ft
06/16/2012 06/16/12 Pending -- -- --
06/04/2012 06/04/12 For Sale $569,000 -- $154 / 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 $13,037 $451,700 $0 $0
2024 $13,037 $433,500 $0 $0
2023 $12,433 $391,600 $0 $0
2022 $17,994 $368,400 $0 $0
2021 $17,062 $367,700 $0 $0
2019 $17,721 $331,900 $0 $0
2018 $10,791 $308,200 $0 $0
2017 $11,208 $305,000 $0 $0
2016 $15,978 $308,200 $0 $0
2015 $30,990 $309,900 $0 $0
2013 $32,160 $329,000 $0 $0
2012 -- $304,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31105411

Michigan Multiple Listing Service

APN: 37-006-14-0002-001