NOT LISTED FOR SALE

518 Lakeland St Grosse Pointe, MI 48230

Estimated Value: $715,000 - $1,008,000

4 Beds
3 Baths
3,925 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $880,000 $224 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,817/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Fenced Yard
  • Lewis Maire Elementary School Rated A
  • Formal Dining Room
  • 2 Car Attached Garage

About This Home

As of September 2023

Hello Gorgeous! This stunning, fully renovated home is the epitome of luxury living, boasting custom features at every turn! With 4 bedrooms and 3.5 baths, this masterpiece offers spaciousness, comfort, & elegance! Step into the grand foyer, where you'll immediately notice the meticulous attention to detail that went into this renovation. The open-concept living area seamlessly combines the living room, dining room, gourmet kitchen, family room, and playroom, creating a perfect space for both entertaining and everyday living. High ceilings, recessed lighting, many generous sized windows, and exquisite hardwood flooring span the entire main level, bathing the space in natural light. The heart of this home is undoubtedly the kitchen. No expense was spared in its design, featuring top-of-the-line stainless steel appliances, quartz countertops, a generous island with breakfast bar seating, & a custom banquette for additional dining options. Custom cabinetry offers abundant storage, while the glazed ceramic tile backsplash adds a touch of timeless elegance. Escape to the primary bedroom, a true retreat with an ensuite that's a work of art. The spa-like bathroom boasts a spacious walk-in shower, and a double vanity with sleek fixtures. The crown jewel, however, is the expansive walk-in closet – a rare Grosse Pointe find! Convenience is key, with the upstairs laundry, making the typical daunting basement laundry a breeze. 3 additional bedrooms & 2 more lux full baths, provide ample space for family, guests, in-law/au pair suite, or a home office! Outside, find a large backyard for gardening, relaxing, and hosting parties. There's even room for a playscape and/or pool! With an attached two car garage, the home is a dream! Nestled in the heart of The City, this home offers not only an exquisite living space but also a prime location. Close to renowned schools, shopping, dining hotspots, & parks, you'll have everything you need at your fingertips! Are you ready for it?!

Last Agent to Sell the Property

Megan Prieur

Sine & Monaghan LLC License #MISPE-6501385155 Listed on: 08/17/2023

Sine & Monaghan LLC

Last Buyer's Agent

Megan Prieur

Sine & Monaghan LLC License #MISPE-6501385155 Listed on: 08/17/2023

Sine & Monaghan LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 60x175
  • Fenced Yard
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Partially Finished Basement
  • Fireplace in Basement

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

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

Community Details

  • Lakeland Court Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37-003-01-0077-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,145

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Year Built: 1928
  • Mail City: Grosse Pointe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors, Walk-In Closet, Wet Bar/Bar
  • Appliances: Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: Basement Fireplace, LivRoom Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Partially Finished
  • Bedrooms: 4
  • Bedroom 1: On 2nd Floor, Dimensions: 15 x 23
  • Bedroom 2: On 2nd Floor, Dimensions: 15 x 16
  • Bedroom 3: On 2nd Floor, Dimensions: 15 x 11
  • Bedroom 4: On 2nd Floor, Dimensions: 17 x 11
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Bathroom 1: On Level: Second
  • Bathroom 2: On Level: Second
  • Bathroom 3: On Level: Second
  • Room Types: Entry, Family Room, In-Law/AuPair/Ste, Living Room, Second Floor Laundry, Primary Bedroom, Primary Bathroom, First Flr Lavatory, Primary Bdrm Suite, Second Flr Full Bathroom, Eat-In Kitchen, Formal Dining Room
  • Dining Room: On 1st Floor, Dimensions: 14 x 15
  • Family Room: On 1st Floor, Dimensions: 11 x 18
  • Kitchen: On 1st Floor, Dimensions: 16 x 20
  • Laundry: On 2nd Floor
  • Living Room: On 1st Floor, Dimensions: 15 x 26
  • Sitting Room: On 1st Floor, Dimensions: 11 x 10
  • Below Grade Sq Ft: 1395
  • Finished Below Grade Sq Ft: 700
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 3225
  • Total Finished Sq Ft: 3925

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Lawn Sprinkler, Patio, Street Lights
  • Foundation: Basement
  • Frontage: 60
  • Road: Curbed, Paved Street

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

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

Lot Info

  • Assessor Parcel Number: 37-003-01-0077-000
  • Zoning: Residential
  • Lot Dimensions: 60x175
  • Acreage: 0.24
  • Geo Subdivision: MI
  • Site/Lot Features: Walk to School, Sidewalks

Tax Info

  • Summer Tax: Year: 2023, Amount: $10,748.51
  • Winter Tax: Year: 2022, Amount: $5,396.50
  • Total Tax: Year: 2023, Amount: $16,145.01

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 14, 2023
Sold by
Tibbitts John C and Tibbitts Cassie
Bought by
Reiners Corey
Seller's Agent
Megan Prieur
Sine & Monaghan LLC
Buyer's Agent
Megan Prieur
Sine & Monaghan LLC
List Price
$900,000
Sold Price
$880,000
Premium/Discount to List
-$20,000
-2.22%
Views
82
Current Estimated Value
$865,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,362
Avg. Annual Appreciation
-1.57%
Original Mortgage
$791,912
Outstanding Balance
$776,833
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$79,058

Purchase Details

Closed on
Oct 22, 2021
Sold by
By L Grace Properties Llc
Bought by
Tibbitts John C and Tibbitts Cassie

Purchase Details

Listed on
Jun 24, 2021
Closed on
Aug 18, 2021
Sold by
Alltop Elizabeth T and Townsend Paul H
Bought by
Wbhd Llc
Seller's Agent
Cindy Ireland
Signature Sotheby's International Realty GPF
Buyer's Agent
Megan Prieur
Sine & Monaghan LLC
List Price
$510,000
Sold Price
$450,000
Premium/Discount to List
-$60,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.23%
Original Mortgage
$500,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 14, 2000
Sold by
Elizabeth W Townsend
Bought by
Paul H Townsend
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
Reiners Corey $880,000 Synergy Title
Tibbitts John C -- Interstate Title Inc
Wbhd Llc $450,000 Interstate Title Inc
Paul H Townsend -- --
Townsend Paul H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reiners Cory $791,912
Previous Owner Tibbitts John Charles $600,000
Previous Owner Wbhd Llc $500,000
Previous Owner Wbhd Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $880,000 -2.2% $224 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $900,000 +100.0% $229 / Sq Ft
08/18/2021 08/18/21 Sold $450,000 -5.3% $147 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $475,000 -6.9% $155 / Sq Ft
06/24/2021 06/24/21 For Sale $510,000 -- $167 / 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 $11,934 $351,000 $0 $0
2023 $10,749 $315,700 $0 $0
2022 $15,972 $306,400 $0 $0
2021 $9,727 $306,100 $0 $0
2019 $10,103 $284,300 $0 $0
2018 $6,152 $270,500 $0 $0
2017 $6,495 $267,000 $0 $0
2016 $9,259 $254,600 $0 $0
2015 $17,557 $226,600 $0 $0
2013 $17,009 $178,900 $0 $0
2012 -- $166,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50119123

Michigan Multiple Listing Service

APN: 37-003-01-0077-000