20701 Toles Lane, Grosse Pointe Woods, MI 48236
Price cut $30,000 since it was listed at $329,000
Est. $2,476/mo with current taxes · · See the breakdown
About this home
Welcome Home ! This brick bungalow offers an oversized primary bedroom with recently added ensuite. 3 Bedrooms 2 full baths with a finished basement. Natural Wood flooring throughout the entire home. Prime location across from the Lochmoor club / Golf Course and just minutes from the Villages shopping district, walking distance to scenic lakeshore drive. This layout worked perfectly for our sellers growing family & was a great fit with the Award winning Grosse Pointe Schools. Bathroom, Kitchen and Basement were all updated in 2018.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 55.24 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $299,000 |
| Original price | $329,000 |
| Price cut | −$30,000 |
| Beds | 3 |
| Baths | 2 full |
| Square feet | 2,332 |
| Type | Single family residence |
| Subdivision | LOCHMOOR GOLF CLUB VIEW SUB |
| County | Wayne |
| MLS # | 20261037068 |
| Listed | 2026-05-21 |
| Days on market | 159 |
| Year built | 1940 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Finished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 2.0 |
| Water / Sewer | City sewer |
| Fireplace | Yes |
| Parcel number | 40005020023000 |
| Listing office | Match Realty |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $127,752 | about $149,500 |
| Yearly property tax | $5,417 | about $8,258 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $2,841 a year more than this seller pays. The assessor's state equalized value (SEV) is $146,800. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Grosse Pointe Woods's 2025 homestead rate of 55.24 mills and assumes you claim the homestead exemption. See Grosse Pointe Woods's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-28T01:47+00:00; refreshed at least twice daily.