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$447,000   Price Analysis
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1243 Lakepointe St
Grosse Pointe Park, MI 48230
7 bed 3 bath 3,325 SqFt ($134/SqFt)
5,663SqFt lot. Built 1917
Listed 2024-06-13, Taxes $1,962
Ⓧ USDA Ineligible
due to location

near Grosse Pointe Park

Spacious multi-family residential investment opportunity in Grosse Pointe Park on a charming neighborhood street a half block from the popular bakery

Shops and restaurants on Kercheval. Three floors and over 3, 300 square feet of living space between two residences with high ceilings and original character preserved. The first floor residence features a large living roo m, dining room, kitchen and 3 bedrooms; a full bath, sunroom and a big, bright front porch. The upper residence consists of the top 2 floors and features on floor 2: hardwood floors, living room, dining room, kitchen, 3 bedrooms, a full bath, sunroom, front covered balcony; and continues on the 3rd floor with addition of a 4th bedroom, family room, full bath and kitchenette.

The home includes plentiful storage in the clean open basement, with 2 sets of laundry machines and 2 water heaters. Parking is easy with a full driveway, 2-car garage and an additional paved parking area in the fenced back yard. The home is well maintained with a newer rof and stays cool in summer months with ceiling fans and window AC units (included). Ideal location between West Park business and social districts on both Kercheval and Charlevoix; also easily walkable to schools and the public library. Enjoy resident-only access to 2 waterfront parks: Patterson Park and Windmill Pointe Park, that between the two offer outstanding facilities and amenities including: marina, pool, splash pad, baby pool, playgrounds, gym, movie theater, dog park, kayak and SUP storage and launch, fitness center, golf, ice skating, pickleball courts, concessions, seasonal programming and more.


Presented by Lara Miller at
Jim Saros Real Estate Services.
Listing Agent Photo

Property MLS #20240041216 from Realcomp

Bedrooms: 7

Total Bathrooms: 3.00
Full Bathrooms: 3

Smoke Alarm
Carbon Monoxide Alarm(s)
Laundry Facility

Cooling Features: Cooling: Ceiling Fan(s), Window Unit(s)
Heating Features: Hot Water, Radiant
Heating Fuel: Natural Gas
Water Heaters: Natural Gas

Basement Description: Unfinished, Common

Awning/Overhang(s)
Fenced
Frontage Length: 35
Road Frontage Type: Paved
Porch Description: Balcony, Porch - Covered, Porch - Enclosed, Porch

Lot Size Acres: 0.13
Lot Size Dimensions: 35 x 163
Lot Size Square Feet: 5662

Garage Description: Garages, Paved
Parking Features: 5

Gross Scheduled Income: 38400.00

Number of Units: 2
Number of 3 Bedroom Units: 1
Number of 4 Bedroom Units: 1

School District: Grosse Pointe

George Defer Elementary School is a public elementary school located approximately 0.2 miles away.
directions icon Map directions

Pierce Middle School is a public elementary and middle school located approximately 0.2 miles away.
directions icon Map directions

Grosse Pointe South High School is a public high school located approximately 2 miles away.
directions icon Map directions

Grosse Pte Christian Day School is a private elementary and middle school located approximately 0.3 miles away.
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Pets Allowed: Yes

ActivationDate : 2024-06-13
Annual Tax Amount: 5730
Source Listing Status: Active
County: Wayne
Directions: Lakepointe between Kercheval & Vernor
Source Property Type: Multifamily
Area: Grosse Pointe Park
Source Neighborhood: LAKE POINTE HEIGHTS SUB
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 39007060127000
Postal Code Plus 4: 1011
Subdivision: LAKE POINTE HEIGHTS SUB
Zoning: Multi-Family, Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$0 + $0
$149,200
$1,962
2020$0 + $0
$133,600
$5,079
2019$0 + $0
$123,000
$5,003
2018$0 + $0
$94,300
$5,122
2017$0 + $0
$92,700
$4,947
2016$0 + $0
$82,000
$4,886
2015$0 + $0
$77,200
$4,100
2014$0 + $0
$72,400
$4,005
2013$unknown + $unknown
$69,000
$3,794
2012$unknown + $unknown
$73,300
$3,935
2011$unknown + $unknown
$76,800
$4,027
2010$unknown + $unknown
$85,200
$4,412
2009$unknown + $unknown
$90,400
$4,385
2008$unknown + $unknown
$95,900
$2,107
2007$unknown + $unknown
$109,300
$2,043

Price Changed 2024-07-11
$447,000
Realcomp
Listed 2024-06-13
$468,500
Realcomp

Total Square Feet Living: 3325
Year Built: 1917
Construction Materials: Brick
Foundation Details: Basement
Property Age: 107
Roof: Asphalt
Levels or Stories: 3 Story
House Style: 3 Story
Total Area Sqft: 3325
Total Below Grade Area: 1439
Architectural Style: Upper/Lower Apartment

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.