NOT LISTED FOR SALE

508 University Place Grosse Pointe, MI 48230

Estimated Value: $912,000 - $1,081,000

5 Beds
4 Baths
4,621 Sq Ft
$210/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $850,000 $184 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,517/month

21 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • Lewis Maire Elementary School Rated A

About This Home

As of May 2022

Beautiful center entrance Colonial on a premier street in great location with walking distance to The Village, Schools, Park & Lake! New Mutschler Chef's kitchen with high-end stainless appliances. Boasting a large island w/stool seating, granite counters, tile backsplash, hooded cooktop, custom cabinets, EVERYTHING anyone could want in a kitchen...It is a DREAM! Master bedroom w/an equally impressive new master bath w/walk-in shower, tub, dbl sinks, his & her closets...all w/loads of natural light. Large family room overlooking fenced in yard. Formal living room w/nfp, dining room off of kitchen & den/office off of kitchen. All bedrooms have ensuite baths and all baths have been updated. Third-floor has bedroom & full bath, perfect for a private office, teenager room or long-term guests. Basement recently waterproofed w/20 yr warranty. Updated rec room. All radiators have been restored, central air conditioning, 2nd-floor laundry. Move in condition w/immediate occupancy! Turnkey!

Last Agent to Sell the Property

Shana Sine-Cameron

Sine & Monaghan LLC License #MISPE-6501257894 Listed on: 03/14/2022

Sine & Monaghan LLC

Last Buyer's Agent

Sal Delisi

Select RE Prof - James Ray & Associates License #MISPE-6506047109

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x133

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Community Details

  • Grosse Pointe Colony Sub Cys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37-003-07-0072-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,578

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Year Built: 1927
  • Mail City: Grosse Pointe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, LivRoom Fireplace
  • Basement: Yes
  • Basement: Finished
  • Bedrooms: 5
  • Bedroom 1: On 2nd Floor, Dimensions: 19 x 15
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 12
  • Bedroom 3: On 2nd Floor, Dimensions: 13 x 11
  • Bedroom 4: On 2nd Floor, Dimensions: 14 x 14
  • Bedroom 5: On 2nd Floor, Dimensions: 14 x 11
  • Full Bathrooms: 4
  • Total Bathrooms: 5
  • Bathroom 1: On Level: Second
  • Bathroom 2: On Level: Second
  • Bathroom 3: On Level: Second
  • Bathroom 4: On Level: Second
  • Dining Room: On 1st Floor, Dimensions: 16 x 14
  • Family Room: On 1st Floor, Dimensions: 20 x 15
  • Kitchen: On 1st Floor, Dimensions: 18 x 14
  • Laundry: On 1st Floor, Dimensions: 7 x 3
  • Library Den: On 1st Floor, Dimensions: 16 x 12
  • Living Room: On 1st Floor, Dimensions: 27 x 15
  • Below Grade Sq Ft: 1600
  • Finished Below Grade Sq Ft: 800
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 3821
  • Total Finished Sq Ft: 4621

Exterior Features

  • Exterior: Brick
  • Foundation: Basement
  • Frontage: 60
  • Road: Paved Street

Garage/Parking

  • 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: 37-003-07-0072-000
  • Lot Dimensions: 60X133
  • Acreage: 0.18
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $10,316.00
  • Winter Tax: Year: 2021, Amount: $9,425.00
  • Taxable Value: 299560
  • Total Tax: Year: 2020, Amount: $19,578.00
  • SEV Year: 2021

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Jul 26, 2019
Sold by
Seitz Timothy C and Seitz Jodee
Bought by
Seitz Rentals Llc
Seller's Agent
Shana Sine-Cameron
Sine & Monaghan LLC
Buyer's Agent
Birgit Maun
Keller Williams Advantage
Sold Price
$5,000
Current Estimated Value
$971,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$966,784

Purchase Details

Listed on
Jun 3, 2016
Closed on
Aug 18, 2016
Sold by
Weipert Peter M
Bought by
Seitz Family Trust
Seller's Agent
Tom Griffith
Real Estate One Grosse Pointe
Buyer's Agent
Thomas Fincham
Community Choice Realty Inc
List Price
$635,000
Sold Price
$625,000
Premium/Discount to List
-$10,000
-1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Interest Rate
3.43%
Source: Public Records

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Range of Values:

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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
Seitz Rentals Llc -- None Available
Seitz Family Trust $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Seitz Family Trust $500,000
Closed Seitz Family Trust --
Previous Owner Weipert Peter M $450,000
Previous Owner Weipert Peter M $333,700
Previous Owner Weipert Peter M $305,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $850,000 +3.0% $184 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $825,000 0.0% $179 / Sq Ft
07/18/2019 07/18/19 Rented $5,000 0.0% --
07/17/2019 07/17/19 Under Contract -- -- --
07/17/2019 07/17/19 For Rent $5,000 0.0% --
08/15/2016 08/15/16 Sold $625,000 -1.6% $184 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
06/03/2016 06/03/16 For Sale $635,000 -- $187 / 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 $13,245 $419,300 $0 $0
2023 $12,631 $371,000 $0 $0
2022 $16,011 $345,700 $0 $0
2021 $19,741 $342,000 $0 $0
2019 $15,767 $311,600 $0 $0
2018 $9,601 $277,300 $0 $0
2017 $10,136 $273,800 $0 $0
2016 $10,273 $243,400 $0 $0
2015 $19,481 $235,400 $0 $0
2013 $18,872 $199,400 $0 $0
2012 -- $184,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50067907

Michigan Multiple Listing Service

APN: 37-003-07-0072-000