NOT LISTED FOR SALE

1042 Colt Ln South Lyon, MI 48178

Estimated Value: $438,000 - $528,000

4 Beds
2 Baths
2,224 Sq Ft
$217/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $280,000 $126 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,225/month

42 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Direct Access Garage
  • Gas Fireplace
  • Deck
  • Forced Air Heating and Cooling System

About This Home

As of February 2016

Very Well Maintained Home in South Lyon Schools, 4 Bedrooms, 2/5 Baths and 3304 Sq. Ft. with Finished Basement. Firelit Family Room with Doorwall to the Deck, Kitchen with Hardwood Floors, White Cabinets and Breakfast Nook. Built in Desk Area, Formal Dining Room, Living Room with Large Bay Window. Spacious 2nd Floor Master has Bathroom with Jetted Tub and Separate Shower & 3 Additional Bedrooms Upstairs. Large Finished Basement with 2nd Family Room for Entertaining and a Playroom or Exercise Area with Tons of Storage! Large Deck with Well Manicured Yard.

Last Agent to Sell the Property

John Wentworth

Wentworth Real Estate Group Inc. License #FAAR-124033 Listed on: 12/04/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1998

Lot Details

  • 10,454 Sq Ft Lot
  • Sprinkler System

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 2,224 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2118453004

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,039

Year Built

Built in 1998

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Originating MLS: East Central Association
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Colonial
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 4038.81
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, Gas Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Finished, Poured
  • Bedrooms: 4
  • Bedroom 1: On Upper Floor, Dimensions: 13 x 15
  • Bedroom 2: On Upper Floor, Dimensions: 9 x 11
  • Bedroom 3: On Upper Floor, Dimensions: 10 x 12
  • Bedroom 4: On Upper Floor, Dimensions: 10 x 12
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Dining Room: Dimensions: 12 x 8
  • Family Room: On Entry Level, Dimensions: 10 x 15
  • Kitchen: On Entry Level, Dimensions: 12 x 10
  • Living Room: Dimensions: 10 x 15
  • Below Grade Sq Ft: 1082
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 2224
  • Total Finished Sq Ft: 2224

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Features: Deck, Lawn Sprinkler
  • Foundation: Basement
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Garage: Attached Garage, Electric in Garage, Gar Door Opener, Direct Access
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Condo/Co-op/Association

  • HOA Fees: 300
  • HOA Fee Frequency: Yearly
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 2118453004
  • Lot Dimensions: 0x0x0x0
  • Acreage: 0.24
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $3,965.00
  • Winter Tax: Amount: $73.81
  • Total Tax: Amount: $4,038.81

MLS Schools

  • School District: South Lyon Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2015
Closed on
Feb 19, 2016
Sold by
Girard Lori and Girard Justin
Bought by
Welch Kevin M and Welch Candace I
Seller's Agent
John Wentworth
Wentworth Real Estate Group Inc.
List Price
$289,999
Sold Price
$280,000
Premium/Discount to List
-$9,999
-3.45%
Current Estimated Value
$473,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,412
Avg. Annual Appreciation
5.61%
Original Mortgage
$252,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 1998
Sold by
Silverman Building Co In
Bought by
Girard Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,700
Interest Rate
7.2%

Purchase Details

Closed on
May 29, 1996
Sold by
Demaria Investments
Bought by
Silverman Building Co Inc
Source: Public Records

Range of Values:

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Sold Price
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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
Welch Kevin M $280,000 Select Title Company
Girard Justin $237,774 --
Silverman Building Co Inc $35,681 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch Kevin M $230,000
Closed Welch Kevin M $252,000
Previous Owner Girard Justin $595,000
Previous Owner Girard Justin $220,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2016 02/19/16 Sold $280,000 -3.4% $126 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
12/04/2015 12/04/15 For Sale $289,999 -- $130 / Sq Ft
Source: Michigan Multiple Listing Service

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
2024 $7,298 $198,200 $0 $0
2023 $6,848 $182,730 $0 $0
2022 $6,619 $167,530 $0 $0
2021 $6,298 $161,710 $0 $0
2020 $6,103 $158,610 $0 $0
2019 $6,239 $153,100 $0 $0
2018 $6,161 $151,590 $0 $0
2017 $6,255 $149,990 $0 $0
2016 $4,080 $139,400 $0 $0
2015 -- $132,690 $0 $0
2014 -- $116,990 $0 $0
2011 -- $89,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 30054111

Michigan Multiple Listing Service

APN: 21-18-453-004