$625,000
SOLD AUG 15, 2016

508 University Place Grosse Pointe, MI 48230

5 Beds
4 Baths
3,397 Sq Ft
0.29 Acres

Recently Sold

$184 Per Sq Ft

2% Below List Price

38 Days on Market

Highlights

  • Colonial Architecture
  • Fenced Yard
  • Patio
  • Lewis Maire Elementary School Rated A
  • Wet Bar
  • Forced Air Heating and Cooling System

About This Home

As of May 2022

Gracious Center Hall Colonial in prime location near schools and shopping. Beautiful Family Room addition in 2000 with gas fireplace and wet bar. Large Master Suite with his/her walk-in closets and luxurious private bath. Numerous updates including new roof 2015, new boiler 2014, high quality newer windows (Thermo, true divided light) and more. Central Air Conditioning. Attractive moldings, hardwood floors and many other fine architectural details. A beautifully maintained home, perfect for family and entertaining.

Last Agent to Sell the Property

Tom Griffith

Real Estate One Grosse Pointe License #MISPE-6506019818 Listed on: 06/03/2016

Real Estate One Grosse Pointe

Last Buyer's Agent

Thomas Fincham

Community Choice Realty Inc License #6501370724

Community Choice Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,245

Year Built

  • Built in 1927

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 60 x 133
  • Fenced Yard

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,397 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

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

Community Details

  • Grosse Pointe Colony Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37003030027000

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,245

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

  • Interior Amenities: Wet Bar/Bar
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, LivRoom Fireplace
  • Basement: Yes
  • Bedrooms: 5
  • Bedroom 1: On 2nd Floor, Dimensions: 19 x 15
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 13
  • Bedroom 3: On 2nd Floor, Dimensions: 14 x 12
  • Bedroom 4: On 2nd Floor, Dimensions: 13 x 10
  • Bedroom 5: On 3rd Floor, Dimensions: 14 x 12
  • Full Bathrooms: 4
  • Total Bathrooms: 5
  • Breakfast Nook: On 1st Floor, Dimensions: 11 x 7
  • Dining Room: On 1st Floor, Dimensions: 15 x 14
  • Family Room: On 1st Floor, Dimensions: 20 x 15
  • Kitchen: On 1st Floor, Dimensions: 12 x 11
  • Library Den: On 1st Floor, Dimensions: 13 x 12
  • Living Room: On 1st Floor, Dimensions: 26 x 15
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 3397
  • Total Finished Sq Ft: 3397

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Patio
  • Foundation: Basement
  • Frontage: 60

Garage/Parking

  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Boiler, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 37003030027000
  • Zoning: Residential
  • Lot Dimensions: 60 x 133
  • Acreage: 0.29
  • Geo Subdivision: MI

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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $625,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Adjustable Rate Mortgage/ARM
Closed -- No Value Available
Previous Owner $450,000 Adjustable Rate Mortgage/ARM
Previous Owner $333,700 Balloon
Previous Owner $305,200 Credit Line Revolving
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: 31292833

Michigan Multiple Listing Service

APN: 37-003-07-0072-000