🌊 Lakefront
1882 Kenmore Dr · Grosse Pointe Woods, MI
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.87%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Schools +5.7/10.0
- Livability +4.2/5.0
- Cash flow +2.7/30.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- 1% rule +0.2/10.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$289,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
Key facts
- 6,098 sq ft lot
- 2 garage spots
- Built 1947
Property features AI
Exterior
- Parking: Detached 2-car garage
- Utilities: Public water; Natural gas connected; Natural gas water heater
- Home design: Single family residence; Residential property
- Construction: Brick construction; Asphalt roof; Built in 1947
- Exterior features: Sidewalk; Paved road access
Interior
- Kitchen: Dishwasher; Disposal; Microwave; Oven; Range
- Bedrooms: Primary bedroom (16 x 14); Bedroom 2 (14 x 14); Bedroom 3 (12 x 11)
- Bathrooms: 3 full bathrooms; Primary bathroom (12 x 6); Bathroom (8 x 7)
- Heating & cooling: Forced air heating; Cooling present
- Interior features: Garage door opener; Wet bar; Wood-burning fireplace; Full basement; 13 total rooms
- Laundry & utility: Washer; Dryer; Laundry room (10 x 13); Utility room (18 x 8)
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $289k.
Deal economics
- At list price, monthly cash flow is $-972 ($-12k/yr) — negative.
- To cash-flow at today's rent, offer at most $125k (56.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (48.1% below list).
- Recommended offer: $125k (56.8% below list) — sets the bar for cash-flow.
- Cap rate 2.3% vs local median 3.0% in Grosse Pointe Woods — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 84/100 on livability (#34 in MI, #643 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: health & safety D+, amenities F.
- Grosse Pointe Public Schools (suburban): math 56% / reading 68% proficiency, ranked #24 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
- Zoned schools: John Monteith Elementary School (math 57% / reading 52%, grade C, #276 of 1,397 statewide, top 22%, 477 students, 26% FRL); Parcells Middle School (math 43% / reading 56%, grade C, #127 of 493 statewide, top 26%, 677 students, 36% FRL); Grosse Pointe North High School (math 45% / reading 73%, grade C+, #87 of 713 statewide, top 12%, 1,081 students, 31% FRL) — zoned schools average 31% FRL vs 13% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 162 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
Negotiation context
- Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
- 8 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
- What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
- Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.52% ✗
- Cap rate
- 2.26%
- Cash-on-cash
- -14.41%
- DSCR
- 0.36
- GRM
- 16.1
CMA / ARV
- ARV (median comp)
- $408,421
- List price
- $289,000
- Delta
- -29.24%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1806 Oxford Rd | 0.10mi | 3/1.0 | 1,282 (+7%) | 5mo | $250,000 | $195 | 80 |
| 1818 Norwood Dr | 0.14mi | 3/1.0 | 1,125 (-6%) | 4mo | $270,000 | $240 | 80 |
| 21135 Littlestone Rd | 0.52mi | 3/1.0 | 1,119 (-7%) | 1mo | $187,500 | $168 | 63 |
| 1866 Country Club Rd | 0.30mi | 3/1.5 | 1,367 (+14%) | 1mo | $299,000 | $219 | 60 |
| 20506 Lochmoor St | 0.72mi | 3/1.5 | 1,170 (-3%) | 0mo | $179,550 | $153 | 60 |
| 20640 Fleetwood Dr | 0.73mi | 3/1.0 | 1,300 (+8%) | 1mo | $125,000 | $96 | 51 |
| 2368 Allard Ave | 0.53mi | 2/2.0 (-1) | 1,111 (-8%) | 5mo | $205,000 | $185 | 50 |
| 20631 Lochmoor St | 0.67mi | 3/2.5 | 1,311 (+9%) | 2mo | $219,000 | $167 | 46 |
| 21345 Newcastle Rd | 0.75mi | 3/2.0 | 1,092 (-9%) | 0mo | $153,500 | $141 | 46 |
| 20688 Fleetwood Dr | 0.69mi | 3/1.0 | 1,053 (-12%) | 3mo | $173,000 | $164 | 44 |
| 20696 Huntington Ave | 0.59mi | 2/1.5 (-1) | 1,336 (+11%) | 5mo | $200,000 | $150 | 43 |
| 20602 Kenmore Ave | 0.66mi | 3/2.0 | 1,055 (-12%) | 3mo | $163,850 | $155 | 42 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- -43.7%
- Equity multiple
- -0.34×
- Total profit
- $-108,600
- Equity at exit
- $43,091
- IRR
- -76.5%
- Equity multiple
- -1.15×
- Total profit
- $-173,773
- Equity at exit
- $24,987
Cash invested: $80,920 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48236
- Active inventory
- 162
- Price-to-rent
- 16.1×
Monthly cashflow live
- Estimated rent
- $1,499 high interval (Pro) →
- Mortgage (P&I)
- −$1,516
- Tax from tax record
- −$520 /mo · $6,241/yr
- Insurance
- −$120
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$315
- Net cashflow
- $-972
Break-even live
Sensitivity live
| Price | -10% $-808 | -5% $-890 | +0% $-972 | +5% $-1,054 | +10% $-1,135 |
|---|---|---|---|---|---|
| Rent | -10% $-1,090 | -5% $-1,031 | +0% $-972 | +5% $-913 | +10% $-853 |
| Rate | -1.0pp $-826 | -0.5pp $-898 | base $-972 | +0.5pp $-1,047 | +1.0pp $-1,123 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $72,250
- Closing costs
- $8,670
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 29 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2037 Vernier Rd Grosse Pointe Woods, MI | 2.0 | 1.0 | 850 | $1,350 | $1.59 | 46d | 1 | 0.62mi |
| 1992 Hawthorne Rd Grosse Pointe Woods, MI | 3.0 | 2.0 | 1071 | $2,100 | $1.96 | 12d | 1 | 0.78mi |
| 2175 Ridgemont Rd Grosse Pointe Woods, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 46d | 1 | 0.91mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 26d | 1 | 0.95mi |
| 20015 Lochmoor St Harper Woods, MI | 3.0 | 1.0 | 1006 | $1,500 | $1.49 | 19d | 1 | 0.96mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 26d | 1 | 0.98mi |
| 19168 Berden St Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 0d | 1 | 0.99mi |
| 1150 Anita Ave Grosse Pointe Woods, MI | 3.0 | 1.5 | 1129 | $2,600 | $2.30 | 12d | 1 | 1.01mi |
| 20461 Kingsville St Harper Woods, MI | 4.0 | 1.0 | 1100 | $1,399 | $1.27 | 17d | 1 | 1.14mi |
| 20926 Moross Rd Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 46d | 1 | 1.15mi |
| 20270 Hollywood St Harper Woods, MI | 3.0 | 1.0 | 1228 | $1,650 | $1.34 | 0d | 1 | 1.17mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 20d | 1 | 1.18mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 5d | 1 | 1.18mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 19d | 1 | 1.18mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 5d | 1 | 1.18mi |
| 20600 Balfour St Harper Woods, MI | 1.0–2.0 | 1.0–2.0 | 971 | $1,640 | $1.69 | 0d | 14 | 1.19mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,195 | $1.60 | 0d | 1 | 1.20mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,300 | $1.67 | 1d | 1 | 1.20mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 15d | 1 | 1.36mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 1d | 1 | 1.36mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 6d | 1 | 1.38mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 26d | 1 | 1.40mi |
| 17720 Chester St Detroit, MI | 2.0 | 1.0 | 986 | $1,250 | $1.27 | 46d | 1 | 1.40mi |
| 17710 Chester St Detroit, MI | 2.0 | 1.0 | 984 | $1,250 | $1.27 | 46d | 1 | 1.40mi |
| 10870 Marne St Detroit, MI | 3.0 | 1.0 | 1156 | $1,100 | $0.95 | 19d | 1 | 1.42mi |
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 46d | 1 | 1.43mi |
| 5915 Farmbrook St Detroit, MI | 3.0 | 1.5 | 1000 | $1,250 | $1.25 | 26d | 1 | 1.44mi |
| 10542 Lanark St Detroit, MI | 3.0 | 1.0 | 1023 | $1,250 | $1.22 | 46d | 1 | 1.46mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 7d | 1 | 1.46mi |
Listing history 23 events
-
2026-05-04status Pending 1006-char remark
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-05-04status Pending 1006-char remark
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-05-04status Pending
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-04-30$289,000 Active 1006-char remark
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-04-30$289,000 Active
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-04-30$289,000 Active 1006-char remark
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-04-26historical $289,000 1006-char remark
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2026-04-26historical $289,000
Show marketing remark (1006 chars)
This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm
-
2019-02-26soldstatus $220,000
-
2012-06-12soldstatus $80,100
-
2012-06-12soldstatus $80,100
-
2012-04-27historical
-
2012-04-12historical
-
2012-04-11$58,200
-
2012-04-11$58,200
-
2012-04-11historical
-
2012-04-09$81,480
-
2012-04-09$81,480
-
1998-01-28soldstatus $160,000
-
1997-09-24soldstatus $160,000
-
1997-09-08historical
-
1997-09-02$160,000
-
1997-08-27soldstatus $156,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $6,241 · $520/mo
- Projected year-2 tax
- $6,241 · $520/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 6/10 Major FEMA zone X (unshaded) · 87% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,990
- − Mortgage interest
- −$16,188
- − Property taxes
- −$6,241
- − Insurance
- −$1,445
- − Repairs & maintenance
- −$1,439
- − Management
- −$1,439
- − Depreciation
- −$8,407
- Taxable loss
- −$17,171
- Est. tax savings @ 24.0%
- +$4,121
- After-tax cash flow
- $-7,540/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Grosse Pointe Public Schools
- NCES district ID
- 2625740
- Math proficiency
- 56% ▼ -2.00%
- Reading proficiency
- 68% ▲ 2.00%
- Median HH income
- $89,975
- Composite
- 56.51/100
- National rank
- #1152
- State rank
- #24 of 540 in MI
Livability — Grosse Pointe Woods
- Score
- 84/100
- State rank
- #34
- US rank
- #643
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Grosse Pointe Woods, MI
- City population
- 31,383
- Population (ZIP)
- 31,383
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (82%)
- Race & ethnicity
- White 82% Black 11% Two or more races 5% Asian 2% Hispanic / Latino 1%
- Common ancestry
- Romanian 10% Lithuanian 5% Italian 4%
- Foreign-born
- 7% · Canada
- Languages at home
- 93% English-only · Other Indo-European 2% Arabic 2% Spanish 1%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -285.11%
- Current HPI
- 181.0475
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
||
Price history
+106.7% since first listed26 events — show timeline
- 2026-05-29 Sold (MLS) $322,500 SW Michigan MLS
- 2026-05-29 Sold (MLS) $322,500 MiRealSource-MiMLS
- 2026-05-29 Sold (MLS) $322,500 REALCOMP
- 2026-05-04 Pending — MiRealSource-MiMLS
- 2026-05-04 Pending — REALCOMP
- 2026-05-04 Pending — SW Michigan MLS
- 2026-04-30 Listed $289,000 REALCOMP
- 2026-04-30 Listed $289,000 SW Michigan MLS
- 2026-04-30 Listed $289,000 MiRealSource-MiMLS
- 2026-04-26 Coming Soon $289,000 MiRealSource-MiMLS
- 2026-04-26 Coming Soon $289,000 SW Michigan MLS
- 2019-02-26 Sold (Public Records) $220,000 Public Records
- 2012-06-12 Sold (MLS) $80,100 REALCOMP
- 2012-06-12 Sold (MLS) $80,100 MiRealSource-MiMLS
- 2012-04-27 Listing Removed — MiRealSource-MiMLS
- 2012-04-12 Listing Removed — MiRealSource-MiMLS
- 2012-04-11 Listing Removed — REALCOMP
- 2012-04-11 Listed $58,200 REALCOMP
- 2012-04-11 Listed $58,200 MiRealSource-MiMLS
- 2012-04-09 Listed $81,480 REALCOMP
- 2012-04-09 Listed $81,480 MiRealSource-MiMLS
- 1998-01-28 Sold (Public Records) $160,000 Public Records
- 1997-09-24 Sold (MLS) $160,000 MiRealSource-MiMLS
- 1997-09-08 Listing Removed — MiRealSource-MiMLS
- 1997-09-02 Listed $160,000 MiRealSource-MiMLS
- 1997-08-27 Sold (Public Records) $156,000 Public Records
Property tax history
+6.7%/yrLatest (2025): $6,241 · +9.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…