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Grosse Pointe Woods,MI 48236
Key Details
Property Type Single Family Home
Sub Type Colonial,Contemporary
Listing Status Active
Purchase Type For Sale
Square Footage 3,171 sqft
Price per Sqft $152
Subdivision Yacht Club View Sub No 8-G.Pte Wds
MLS Listing ID 20240066794
Style Colonial,Contemporary
Bedrooms 4
Full Baths 4
Half Baths 1
Year Built 1972
Annual Tax Amount $13,248
Lot Size 9,583 Sqft
Property Description
At $152/sqft, this is one of the best value-add opportunities in Metro Detroit! Appraised at $750,000 in March 2021, with the market appreciating approximately $50/sqft since! This is a rare chance to own one of only 43 homes in the exclusive GP Woods ?Yacht Club View Subdivision,? located on a cul-de-sac near GP North High School and a short walk or bike ride to Lochmoor Country Club, Lake Shore Rd., and the GP Yacht Club. Plus, enjoy 3.3 miles of scenic, unobstructed views along Lake St. Clair. This 4-bedroom, 3 full and 1 half-bath home offers 3,171 sqft living space, plus an additional 1,620 sqft of unfinished basement (plumbed for a fourth full bath) below grade. Set on a 75x129 ft lot (0.22 acre), the home blends modern updates with the opportunity to add your own finishing touches. Recent improvements include: new windows, doors, kitchen, and appliances?all completed in the past two years! The driveway and garage floor have also been newly redone. With vacant residential lot values in GP exceeding $1M/ac and construction costs over $300/sqft, this home presents a fantastic opportunity for significant equity. Built in 1972, it?s ?newer? than most Grosse Pointe homes and has many other updates, including custom casement windows, a gas fireplace with a stylish surround, new flooring, updated lighting, and refreshed electrical and plumbing. The layout is perfect for both living and entertaining, with spacious walk-in closets in every bedroom. The primary bedroom includes an ensuite bathroom, ready for you to design the ultimate retreat. The two-story foyer creates an impressive entrance, and the open indoor/outdoor flow makes it ideal for gatherings. Enjoy the convenience of a circular driveway, attached garage, first-floor mudroom, and laundry with a full bath. This home offers luxury living at a fraction of the cost of new construction and unbeatable value in one of Grosse Pointe?s most desirable neighborhoods. Don?t miss this chance to complete the renovation and enjoy substantial equity in your dream home!
Location
State MI
County Wayne
Area Grosse Pointe Woods
Rooms
Kitchen Built-In Electric Range,Dishwasher,Double Oven,Dryer,Electric Cooktop,Exhaust Fan,Free-Standing Refrigerator,Microwave,Washer
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplaces Type Gas
Laundry 1
Exterior
Exterior Feature Tennis Court,Club House,Awning/Overhang(s),Pool ? Community,Pool - Inground
Garage Side Entrance,Electricity,Door Opener,Attached
Garage Description 2 Car
Fence Fence Allowed
Waterfront no
Waterfront Description Lake Privileges
Roof Type Asphalt
Building
Lot Description Dead End Street,Golf Community
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Grosse Pointe
Others
Acceptable Financing Cash,Conventional,FHA 203K,Owner May Carry(Purchase Money Mortgage),Trade/Exchange,VA,Warranty Deed
Listing Terms Cash,Conventional,FHA 203K,Owner May Carry(Purchase Money Mortgage),Trade/Exchange,VA,Warranty Deed