$750,000
SOLD AUG 10, 2015

501 Lake Shore Rd Grosse Pointe Shores, MI 48236

5 Beds
5 Baths
7,700 Sq Ft
0.87 Acres

Recently Sold

$97 Per Sq Ft

25% Below List Price

21 Days on Market

Highlights

  • 0.87 Acre Lot
  • Colonial Architecture
  • Corner Lot
  • John Monteith Elementary School Rated A-
  • Cathedral Ceiling
  • Balcony

About This Home

As of July 2018

A DIAMOND IN THE ROUGH! OVER 120' OF LAKE SHORE FRONTAGE. MANY POSSIBILITIES FOR RENOVATIONS. HOME NEEDS SIGNIFICANT WORK. I. D. R. B. N. G.

Last Agent to Sell the Property

Alex Lucido

Lucido and Associates, Inc License #MISPE-6502119186 Listed on: 07/10/2015

Last Buyer's Agent

Alex Lucido

Lucido and Associates, Inc License #MISPE-6502119186 Listed on: 07/10/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 0.87 Acre Lot
  • Lot Dimensions are 121 x 315
  • Corner Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 7,700 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Bay Window
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Listing and Financial Details

  • Assessor Parcel Number 74-004-11-0040-000

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Total Tax Amount: 37033
  • Total Tax Year: 2014
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 9 ft + Ceilings, Interior Balcony, Bay Window, Cathedral/Vaulted Ceiling, Walk-In Closet
  • Appliances: Dishwasher, Disposal, Dryer, Humidifier, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, Grt Rm Fireplace, LivRoom Fireplace
  • Basement: Yes
  • Basement: Finished, Full
  • Bedrooms: 5
  • Bedroom 1: On 1st Floor, Dimensions: 15 x 20
  • Bedroom 2: On 2nd Floor, Dimensions: 12 x 15
  • Bedroom 3: On 2nd Floor, Dimensions: 15 x 15
  • Bedroom 4: On 2nd Floor, Dimensions: 13 x 14
  • Bedroom 5: On 2nd Floor, Dimensions: 14 x 14
  • Bathrooms Description: Basement Full Bath, First Flr Lavatory, MstrBdrm Full Bathroom, First Flr Full Bathroom, Second Flr Full Bathroom
  • Full Bathrooms: 5
  • Total Bathrooms: 8
  • Below Grade Bathroom: 1
  • Breakfast Nook: On 1st Floor, Dimensions: 10 x 15
  • Dining Room: On 1st Floor, Dimensions: 12 x 15
  • Family Room: On 1st Floor, Dimensions: 20 x 30
  • Great Room: On 1st Floor, Dimensions: 40 x 40
  • Kitchen: On 1st Floor, Dimensions: 12 x 15
  • Kitchen Features: Formal Dining Room
  • Laundry: On 1st Floor, Dimensions: 8 x 12
  • Living Room: On 1st Floor, Dimensions: 15 x 20
  • Below Grade Sq Ft: 2725
  • Half Bathrooms: 2
  • Above Grade Finished Sq Ft: 7700
  • Total Finished Sq Ft: 7700

Exterior Features

  • Exterior: Brick
  • Exterior Features: Patio
  • Foundation: Basement
  • Road: Paved Street

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 3
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Sewer: Public At Street
  • Water: Public Water at Street
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 74-004-11-0040-000
  • Zoning: Residential
  • Location: Corner Lot
  • Lot Description: Deep Lot - 150+ Ft.
  • Lot Dimensions: 121 x 315
  • Acreage: 0.87
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $23,546.00
  • Winter Tax: Year: 2014, Amount: $13,487.00
  • Total Tax: Year: 2014, Amount: $37,033.00
  • SEV Year: 2014

MLS Schools

  • School District: Grosse Pointe Public Schools

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
$2,076,555

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
10.99%
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

Similar Homes in the area

  • 71 Woodland Shores Dr, Grosse Pointe Shores, MI 48236

    $879,000

    • 5 Beds
    • 5 Baths
    • 4,043 Sq Ft
    • 71 Woodland Shores Dr
    • Grosse Pointe Shores, MI

    Welcome to Woodland Shores Drive, nestled in one of the most coveted areas of Grosse Pointe Shores—just steps from prestigious Lakeshore Drive and the shimmering shores of Lake St. Clair. Surrounded by iconic neighbors like the Country Club of Detroit and Provencal Road, this contemporary-style home sits on over .32 acres and combines luxury, functionality, and architectural flair. Step into a

    Jimmy Saros Jim Saros Real Estate Services

    Section Image
  • 17 Colonial Rd, Grosse Pointe Shores, MI 48236

    $795,000

    • 4 Beds
    • 3.5 Baths
    • 2,837 Sq Ft
    • 17 Colonial Rd
    • Grosse Pointe Shores, MI

    This traditional Grosse Pointe Shores Colonial, a few houses off Lakeshore Drive, offers excellent curb appeal, an extra wide lot and beautiful perennials to admire all summer. Perfect flow for entertaining, the first floor features a limestone foyer, and a formal living room with fireplace and bay window with a lake view. The formal dining room overlooks the yard with a large picture window and

    Dori Daskas Coldwell Banker Professionals-GPF

    Section Image
  • 528 Hidden Ln, Grosse Pointe Woods, MI 48236

    $696,400

    • 5 Beds
    • 3 Baths
    • 4,339 Sq Ft
    • 528 Hidden Ln
    • Grosse Pointe Woods, MI

    Wonderful ranch on one of the Woods quitest dead end streets. Main floor awaits your decorating touches. The fully finished lower level of this original family-owned ranch lives like a second floor—featuring a 28x12 eat-in kitchen with fireplace, a 20x17 great room, two large bedrooms, a full bathroom, and a walkout doorwall leading to a beautifully landscaped backyard. Perfect for entertaining,

    Peter Schueler Sine & Monaghan LLC

    Section Image
  • 28 Hampton Rd, Grosse Pointe Shores, MI 48236

    $775,000

    • 4 Beds
    • 4 Baths
    • 3,961 Sq Ft
    • 28 Hampton Rd
    • Grosse Pointe Shores, MI

    Welcome to this stately Colonial nestled in the heart of Grosse Pointe Shores. With timeless curb appeal and classic architecture, this spacious four-bedroom, two full bath, two half bath home offers comfort, elegance, and room to grow. Step into a welcoming foyer that opens to a sunlit formal living room with large windows and a wood-burning fireplace perfect for gatherings or quiet evenings.

    Michael Defauw Sine & Monaghan LLC

    Section Image
  • 580 N Brys Dr, Grosse Pointe Woods, MI 48236

    $795,000

    • 4 Beds
    • 3.5 Baths
    • 3,400 Sq Ft
    • 580 N Brys Dr
    • Grosse Pointe Woods, MI

    Stunning & Fully Renovated 4-Bed, 31⁄2-Bath Home –Just one block from Ferry Elementary School and a 15-minute walk to Grosse Pointe North High School. A Rare Value in Grosse Pointe Woods This extensively renovated home features sophisticated finishes, a first-floor layout suited for families and work-from-home lifestyles, and excellent sight-lines Two spacious family rooms plus a Den and Bonus

    Elaine Gulock Keller Williams Realty Lakeside

    Section Image
  • 1001 Lake Shore Rd, Grosse Pointe Shores, MI 48236

    $799,000

    • 3 Beds
    • 2.5 Baths
    • 3,650 Sq Ft
    • 1001 Lake Shore Rd
    • Grosse Pointe Shores, MI

    Newer construction on Lakeshore Road. This home boasts hardwood floors on the first floor, updated kitchen and lovely fireplace in the family room. The first floor laundry/ mud room adds practically to your daily routine. The second floor has three spacious bedrooms, including a primary ensuite. The completely finished large basement offers additional living space, a bedroom with 2 walk in

    Panagiota Vasilos Sine & Monaghan LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- Servicelink
Interfamily Deed Transfer -- None Available
Warranty Deed -- Ata National Title Group Llc
Fiduciary Deed $750,000 Greco Title Agency Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,285,900 New Conventional
Previous Owner $1,300,000 Credit Line Revolving
Previous Owner $750,000 New Conventional
Previous Owner $750,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $530,000 Commercial
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: 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
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31252110

Michigan Multiple Listing Service

APN: 74-004-11-0040-000