NOT LISTED FOR SALE

1003 S Locust Ln Albion, MI 49224

Estimated Value: $194,000 - $336,000

3 Beds
2.5 Baths
2,730 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $94,500 $35 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,159/month

122 Days on Market

Highlights

  • 2 Fireplaces
  • Living Room
  • Forced Air Heating System
  • 3 Car Attached Garage
  • Shed
  • Baseboard Heating

About This Home

As of October 2020

Three bedroom, 2.5 bath home in the City of Albion close to Victory Park & Albion College. Home has brick exterior, 3 car attached garage and 3 seasons room. Pre-approval letter or proof of funds required with all offers. EMD required with all offers. Offer addendum in associated docs required with all offers. Buyer pays for state & county transfer tax.

Last Agent to Sell the Property

DOUGLAS DEMOTT

LEFERE REALTY License #6501267070 Listed on: 06/01/2020

Last Buyer's Agent

Todd Rowe

Coldwell Banker Beiswanger Realty Group License #6501429570

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 139x198

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,730 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Living Room
  • Dining Area
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Well

Community Details

  • Association fees include snow removal
  • Locust Lane Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

HOA Fees

$23 per month

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1961
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 139x198
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2730.0
  • General Property Info:Design: Other
  • Tax Info:Annual Property Tax: 4411.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • General Property Info:Fireplace: Yes
  • Heat Type:Hot Water: Yes
  • Location Property Info:Subdivision2: Locust Lane
  • Outbuildings:Storage Shed: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Heat Type:Baseboard: Yes
  • General Property Info:SqFt Above Grade: 2730.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Partial
  • LivingArea: 2730.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 1014.0

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Other
  • List Price: 99000.0
  • Other Structures: Shed(s)
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront Features: Other
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes
  • Exterior Features:Other16: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Heating: Baseboard, Forced Air, Hot Water, Other
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 280.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Info:Approx Assoc Fee2: 280.0
  • Association Info:Assoc Fee Payable: Annually

Fee Information

  • Association Fee Includes: Snow Removal

Lot Info

  • Lot Size Acres: 0.63
  • Lot Size Area: 0.63
  • Lot Dimensions: 139x198
  • Lot Size Sq Ft: 27442.8
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4411.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Oct 20, 2020
Sold by
Keybank National Association
Bought by
Merritt Dwayne C
Seller's Agent
DOUGLAS DEMOTT
LEFERE REALTY
Buyer's Agent
Todd Rowe
Coldwell Banker Beiswanger Realty Group
Sold Price
$94,500
Current Estimated Value
$275,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,975
Avg. Annual Appreciation
25.08%

Purchase Details

Closed on
Jun 20, 2019
Sold by
Williams James R and Williams Ernesta L
Bought by
Brigham David J

Purchase Details

Closed on
Apr 25, 2019
Sold by
Williams James R and Williams Ernesta L
Bought by
Keybank National Association

Purchase Details

Closed on
Mar 21, 2019
Sold by
Williams James R and Williams Ernesta L
Bought by
Tcf National Bank

Purchase Details

Closed on
Oct 14, 2005
Sold by
Marks Bryon S and Marks Cheryl H
Bought by
Williams James R and Williams Ernesta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1997
Sold by
Marks Byron
Bought by
Williams James R and Williams Ernesta

Purchase Details

Closed on
May 15, 1990
Bought by
Marks Bryon
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Merritt Dwayne C $94,500 Bay National Title Co
Brigham David J $114,492 None Available
Keybank National Association $53,177 None Available
Tcf National Bank $18,914 None Available
Williams James R $209,000 --
Williams James R $209,000 --
Williams James R $209,000 --
Marks Bryon $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams James R $50,723
Previous Owner Williams James R $198,000
Previous Owner Williams James R $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $94,500 -- $35 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,530 $168,600 $0 $0
2024 $3,683 $153,400 $0 $0
2023 $6,545 $124,700 $0 $0
2022 $3,412 $100,900 $0 $0
2021 $6,636 $103,300 $0 $0
2020 $5,642 $98,200 $0 $0
2019 $3,968 $115,600 $0 $0
2018 $3,968 $97,900 $20,000 $77,900
2017 $0 $81,400 $0 $0
2016 $0 $85,600 $0 $0
2015 -- $91,600 $0 $0
2014 -- $103,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21073973

Southwestern Michigan Association of REALTORS®

APN: 51-007-612-00