$450,000
SOLD AUG 18, 2021

518 Lakeland St Grosse Pointe, MI 48230

5 Beds
3.5 Baths
3,055 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$147 Per Sq Ft

12% Below List Price

36 Days on Market

Highlights

  • Colonial Architecture
  • Ground Level Unit
  • Double Oven
  • Lewis Maire Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of September 2023

Center hall colonial with loads of potential. Large rooms, 5 bedrooms, three full baths. Newer windows throughout. Most rooms have hardwood floors under carpet. Generous closets, plentiful built-ins and charming detail. Two staircases to second floor, attached garage off the kitchen. Three season porch accessed by French doors from living room or study. Large lot in beautiful neighborhood. If you've been looking for a home to make your own....this is the one! City certs will be provided.

Last Agent to Sell the Property

Cindy Ireland

Signature Sotheby's International Realty GPF License #6506046280 Listed on: 06/24/2021

Signature Sotheby's International Realty GPF

Last Buyer's Agent

Megan Prieur

Sine & Monaghan LLC License #6501385155

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 60.00x175.30
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 3,055 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Double Oven
  • Built-In Electric Range
  • Range Hood

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Interior Basement Entry
  • Fireplace in Basement

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakeland Court Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37003010077000
  • $4,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,213

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 290800.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s)
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Basement, Living Room
  • Room Count: 15
  • Total Bedrooms: 5
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Partially Finished
  • Kitchen Appliances: Built-In Electric Range, Double Oven, Range Hood
  • Sq Ft Combined: 3555
  • Sq Ft Lower Floor: 500
  • Total Sq Ft: 3055
  • Sq Ft Total Bsmt: 1350

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Hot Water
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Grosse Pointe

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.24
  • Lot Dimensions: 60.00X175.30
  • Parcel Number: 37003010077000

Tax Info

  • Tax Amount Summer: 6579.0000
  • Tax Amount Winter: 3634.0000
  • Total Tax: 10213.0000
  • Taxable Value: 189294.0000

MLS Schools

  • School District: Grosse Pointe

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
$865,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,625
Avg. Annual Appreciation
-1.47%
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
17.63%
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 Type Sale Price Title Company
Warranty Deed $880,000 Synergy Title
Interfamily Deed Transfer -- Interstate Title Inc
Warranty Deed $450,000 Interstate Title Inc
Deed -- --
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $791,912 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $150,000 Commercial
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: 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
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

  • Megan Prieur

    Seller's Agent in 2023

    Megan Prieur

    Sine & Monaghan LLC

    (313) 689-6400

    21 in this area

    102 Total Sales

    Section Image

  • C

    Seller's Agent in 2021

    Cindy Ireland

    Signature Sotheby's International Realty GPF

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210045603

Realcomp

APN: 37-003-01-0077-000

Michigan Wayne County Grosse Pointe 48230

518 Lakeland St, Grosse Pointe, MI

This home is located at 518 Lakeland St, Grosse Pointe, MI 48230 and is currently priced at $450,000, approximately $147 per square foot. This property was built in 1928. 518 Lakeland St is a home located in Wayne County with nearby schools including Lewis Maire Elementary School, Pierce Middle School, and Grosse Pointe South High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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