NOT LISTED FOR SALE

501 Lake Shore Rd Grosse Pointe Shores, MI 48236

Estimated Value: $1,577,000 - $2,444,000

5 Beds
6 Baths
7,690 Sq Ft
$256/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $1,000,000 $130 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $14,804/month

11 Days on Market

Highlights

  • Water Views
  • 0.88 Acre Lot
  • Corner Lot
  • John Monteith Elementary School Rated A-
  • Colonial Architecture
  • No HOA

About This Home

As of July 2018

Spacious, open and unique contemporary Lake Shore home. This renovated and updated 5 bedroom 4.2 bath home is over 7,600 sq ft with spectacular lake views throughout. Large gourmet kitchen with top of the line appliances, marble counters and island with generous eating space. Enjoy both a first and second floor spacious master suite. Massive great room with cathedral ceilings, wet bar and door walls to lake front patio, perfect for entertaining. Basement also offers recreation area with sauna, full bath and wine cellar. Heated three car garage. Private lakefront park for residents.

Last Agent to Sell the Property

Samuel Abdoo

Abdoo Realty License #6501379390 Listed on: 07/09/2018

Last Buyer's Agent

Matthew Jankowski

License #6501377313

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 121x316
  • Corner Lot

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 7,690 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Water Views
  • Partially Finished Basement

Kitchen

  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Patio

Utilities

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

Community Details

  • No Home Owners Association
  • Woodland Shores Estates Sub No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74004110040000

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial, Contemporary
  • Architecture Level: 2 Story
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Great Room, Living Room
  • Room Count: 18
  • Total Bedrooms: 5
  • Total Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, ENERGY STAR® qualified refrigerator, Bar Fridge
  • Sq Ft Combined: 9390
  • Sq Ft Lower Floor: 1700
  • Total Sq Ft: 7690
  • Sq Ft Total Bsmt: 2725

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Foundation Materials: Block
  • Frontage Feet: 121
  • Porch Type: Balcony, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Electricity, Door Opener, Heated, Attached
  • 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)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Features: Corner Lot, Water View
  • Lot Size Area: 0.88
  • Lot Dimensions: 121x316
  • Parcel Number: 74004110040000

Tax Info

  • Tax Amount Summer: 28187.0000
  • Tax Amount Winter: 23320.0000
  • Total Tax: 51507.0000

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
Raymond Debates Iii
Bought by
Raymond Debates Iii Revocable Trust
Current Estimated Value
$1,969,568

Purchase Details

Closed on
Apr 5, 2021
Sold by
Debates Raymond and Raymond Debates Iiii Revocable
Bought by
Debates Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,285,900
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2018
Sold by
Debates Raymond
Bought by
Debates Raymond and The Raymonds Debates Iii Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2018
Closed on
Jul 30, 2018
Sold by
Sura Corp
Bought by
Raymond Debates Iii Revocable Trust
Seller's Agent
Samuel Abdoo
Abdoo Realty
Buyer's Agent
Matthew Jankowski
List Price
$1,199,000
Sold Price
$1,000,000
Premium/Discount to List
-$199,000
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.73%
Original Mortgage
$750,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jul 10, 2015
Closed on
Aug 6, 2015
Sold by
Berman Lynn and Berman Nick Wesley
Bought by
Sura Corp
Seller's Agent
Alex Lucido
Lucido and Associates, Inc
Buyer's Agent
Alex Lucido
Lucido and Associates, Inc
List Price
$995,000
Sold Price
$750,000
Premium/Discount to List
-$245,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
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
Raymond Debates Iii Revocable Trust -- None Listed On Document
Debates Raymond -- Servicelink
Debates Raymond -- None Available
Raymond Debates Iii Revocable Trust -- Ata National Title Group Llc
Sura Corp $750,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Debates Raymond $1,285,900
Previous Owner Debates Raymond $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $1,000,000 -16.6% $130 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $1,199,000 0.0% $156 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $1,199,000 +59.9% $156 / Sq Ft
08/10/2015 08/10/15 Sold $750,000 -24.6% $97 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $995,000 -- $129 / Sq Ft
Source: Realcomp

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 $52,341 $894,800 $0 $0
2024 $52,341 $878,500 $0 $0
2023 $52,341 $797,500 $0 $0
2022 $52,341 $802,800 $0 $0
2021 $52,341 $785,900 $0 $0
2019 $41,679 $771,200 $0 $0
2018 $27,502 $782,100 $0 $0
2017 $46,641 $769,800 $0 $0
2016 $51,029 $764,800 $0 $0
2015 $71,793 $741,600 $0 $0
2013 $69,550 $713,160 $0 $0
2011 -- $771,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Samuel Abdoo

    Seller's Agent in 2018

    Samuel Abdoo

    Abdoo Realty

    (313) 920-6318

    42 Total Sales

    Samuel Abdoo
    Section Image
  • Matthew Jankowski

    Buyer's Agent in 2018

    Matthew Jankowski

    (313) 995-3587

    5 in this area

    64 Total Sales

    Matthew Jankowski
    Section Image
  • Alex Lucido

    Seller's Agent in 2015

    Alex Lucido

    Lucido and Associates, Inc

    (313) 268-2000

    18 in this area

    162 Total Sales

    Alex Lucido
    Section Image
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Map

Source: Realcomp

MLS Number: 218063004

Realcomp

APN: 74-004-11-0040-000

Michigan Wayne County Grosse Pointe Shores 48236

501 Lake Shore Rd, Grosse Pointe Shores, MI

This home is located at 501 Lake Shore Rd, Grosse Pointe Shores, MI 48236 since 09 July 2018 and is currently estimated at $1,969,568, approximately $256 per square foot. This property was built in 1974. 501 Lake Shore Rd is a home located in Wayne County with nearby schools including John Monteith Elementary School, Parcells Middle School, and Grosse Pointe North 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.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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