NOT LISTED FOR SALE

540 Lincoln Rd Grosse Pointe, MI 48230

Estimated Value: $945,000 - $1,073,000

5 Beds
5 Baths
3,030 Sq Ft
$327/Sq Ft Est. Value

Last Sold October 24, 2024

Last sale price $975,000 $322 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,035/month

Highlights

  • Colonial Architecture
  • Ground Level Unit
  • 2 Car Detached Garage
  • Richard Elementary School Rated A
  • No HOA
  • Fireplace

About This Home

As of October 2024

LSSD

Last Agent to Sell the Property

Lauren Himle

DOBI Real Estate License #6501395703 Listed on: 10/24/2024

DOBI Real Estate

Last Buyer's Agent

Connie Dunlap

License #6506003490

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 60.00 x 165.00

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,030 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Grosse Pointe Colony Sub Cys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37003070322000
  • $12,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,419

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: 323600.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Total Bedrooms: 5
  • Total Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 3030

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.23
  • Lot Dimensions: 60.00 x 165.00
  • Parcel Number: 37003070322000

Tax Info

  • Tax Amount Summer: 9624.0000
  • Tax Amount Winter: 4795.0000
  • Total Tax: 14419.0000
  • Taxable Value: 282660.0000

MLS Schools

  • School District: Grosse Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2024
Closed on
Oct 17, 2024
Sold by
Rahaim Douglas P and Rahaim Lauren M
Bought by
Loperfido Christopher E and Loperfido Paige B
Seller's Agent
Lauren Himle
DOBI Real Estate
Buyer's Agent
Connie Dunlap
List Price
$975,000
Sold Price
$975,000
Views
3
Current Estimated Value
$990,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,304
Avg. Annual Appreciation
1.40%

Purchase Details

Closed on
Feb 24, 2022
Sold by
Rahaim Douglas P
Bought by
Rahaim Douglas P and Rahaim Lauren M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2019
Closed on
Jan 31, 2020
Sold by
Mccormick Thomas F and Mccormick Agatha R
Bought by
Rahaim Douglas P and Rahaim Douglas S
Seller's Agent
Cathy Champion
Sine & Monaghan LLC
Buyer's Agent
Douglas Rahaim
DOBI Real Estate
List Price
$580,000
Sold Price
$535,000
Premium/Discount to List
-$45,000
-7.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Loperfido Christopher E $975,000 Twenty Two Title
Loperfido Christopher E $975,000 Twenty Two Title
Rahaim Douglas P -- None Listed On Document
Rahaim Douglas P $535,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rahaim Douglas P $562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $975,000 0.0% $322 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $975,000 +82.2% $322 / Sq Ft
01/31/2020 01/31/20 Sold $535,000 -6.1% $133 / Sq Ft View Prior Sale
11/26/2019 11/26/19 Pending -- -- --
09/26/2019 09/26/19 Price Changed $569,900 -1.7% $142 / Sq Ft
07/12/2019 07/12/19 For Sale $580,000 -- $144 / 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
2025 $10,091 $346,600 $0 $0
2024 $10,091 $347,500 $0 $0
2023 $9,624 $323,600 $0 $0
2022 $13,928 $269,200 $0 $0
2021 $13,313 $262,700 $0 $0
2020 $9,875 $252,000 $0 $0
2019 $9,768 $248,600 $0 $0
2018 $5,948 $229,100 $0 $0
2017 $6,280 $226,200 $0 $0
2016 $8,952 $215,900 $0 $0
2015 $16,976 $195,600 $0 $0
2013 $16,445 $173,100 $0 $0
2012 -- $160,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Himle

    Seller's Agent in 2024

    Lauren Himle

    DOBI Real Estate

    (734) 330-0657

    1 in this area

    50 Total Sales

    Lauren Himle
    Section Image
  • Connie Dunlap

    Buyer's Agent in 2024

    Connie Dunlap

    (313) 570-7515

    19 in this area

    95 Total Sales

    Connie Dunlap
    Section Image
  • Cathy Champion

    Seller's Agent in 2020

    Cathy Champion

    Sine & Monaghan LLC

    (313) 549-0036

    3 in this area

    42 Total Sales

    Cathy Champion
    Section Image
  • Douglas Rahaim

    Buyer's Agent in 2020

    Douglas Rahaim

    DOBI Real Estate

    (313) 590-5794

    1 in this area

    121 Total Sales

    Douglas Rahaim
    Section Image
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Map

Source: Realcomp

MLS Number: 20240080443

Realcomp

APN: 37-003-07-0322-000

Michigan Wayne County Grosse Pointe 48230

540 Lincoln Rd, Grosse Pointe, MI

Not Listed for Sale

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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