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$485,000

Est. payment - /mo

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4 BD

4.5 BA

3,171 SqFt

Price Dropped by $40K

529 COVENTRY Lane Grosse Pointe Woods, MI 48236

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Haven Arnold

info@havenarnold.com +1(734) 489-1454

UPDATED:

11/17/2024 03:28 PM

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

HOA Y/N no

Originating Board Realcomp II Ltd

Year Built 1972

Annual Tax Amount $13,248

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 75.00 x 129.00

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

Direction 529 Coventry Ln, Grosse Pointe Woods, MI 48236

Rooms

Basement Unfinished

Kitchen Built-In Electric Range, Dishwasher, Double Oven, Dryer, Electric Cooktop, Exhaust Fan, Free-Standing Refrigerator, Microwave, Washer

Interior

Interior Features ENERGY STAR® Qualified Window(s)

Hot Water Natural Gas

Heating Forced Air

Cooling Central Air

Fireplaces Type Gas

Fireplace yes

Appliance Built-In Electric Range, Dishwasher, Double Oven, Dryer, Electric Cooktop, Exhaust Fan, Free-Standing Refrigerator, Microwave, Washer

Heat Source Natural 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

Water Access Desc Navigable,All Sports Lake,Boat Facilities,Dock Facilities,Swim Association

Roof Type Asphalt

Porch Porch - Covered, Patio, Porch, Patio - Covered

Road Frontage Paved, Pub. Sidewalk, Cul-De-Sac

Garage yes

Private Pool 1

Building

Lot Description Dead End Street, Golf Community

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial, Contemporary

Warranty No

Level or Stories 2 Story

Structure Type Brick

Schools

School District Grosse Pointe

Others

Pets Allowed Cats OK, Dogs OK, Yes

Tax ID 40006140149000

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Owner May Carry(Purchase Money Mortgage), Trade/Exchange, Warranty Deed

Listing Terms Cash, Owner May Carry(Purchase Money Mortgage), Trade/Exchange, Warranty Deed

Financing Cash,Owner May Carry(Purchase Money Mortgage),Trade/Exchange,Warranty Deed

Listed by Ryan Lally of KW Grosse Pointe

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Haven Arnold

Realtor | License ID: 6501446817

+1(734) 489-1454