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529 Coventry Ln, Grosse Pointe Woods, MI 48236
$485,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
5
baths
3,171
sqft
Built in
1972
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!
Features & Amenities
Interior
- Appliances:
- Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer
- Basement:
- Unfinished
- A/C:
- Central A/C
- Heating:
- Natural Gas, Forced Air
- Fireplace:
- FamRoom Fireplace,Gas Fireplace, Fireplace
Exterior
- General:
- Brick, Inground Pool,Patio,Porch,Tennis Court(s)
- Style:
- Colonial,Contemporary
Construction
- General:
- 2 Story, Basement
Location
- Road/Access:
- Paved Street
- HOA Amenities:
- Club House,Exercise/Facility Room,Golf Course, Club House Included
- Originating MLS:
- RealComp
- School District:
- Grosse Pointe Public Schools
- County:
- Wayne
Lot
- Zoning:
- WDAAAE149 LOT 149 YACHT CLUB VIEW SUB NO 8 PRIVATE CLAIM 156 L92 OF PLATS P83 84 WCR K 82.88, 40006140149000
Utilities
- Water:
- Public Water
- Sewer:
- Public Sanitary
Financial
- Source:
- RealComp
This listing courtesy of:
KW Grosse Pointe, Ryan Lally
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Grosse Pointe, MI
Housing
- Number of Units
- 19,918
- Median Home Value
- $335,112
- Median Rent
- $1,089
15.55% of housing units are renter occupied.
5.41% are vacant.
Commute
- Car
-
53.46%
- Public Transportation
-
0.90%
- Walk to Work
-
0.75%
- Work from Home
-
44.29%
- Other
-
0.28%
The median travel time to work is 16 minutes.
People
- Population
- 46,907
- Median Age
- 44.30
- Median Household Size
- 2.71
Education
- High School
-
9.59%
- Associate’s Degree
-
6.16%
- Bachelor’s Degree
-
33.60%
- Graduate Degree
-
33.67%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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