NOT LISTED FOR SALE

1075 Olive Branch Rd Galien, MI 49113

Estimated Value: $257,204

40 Acres
$6,430 Price per Acre
1,742,400 Sq Ft Lot

Last Sold November 10, 2016

Last sale price $130,000 $293 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,488/month

249 Days on Market

Highlights

  • 40 Acre Lot
  • Wooded Lot
  • Corner Lot: Yes

About This Lot

As of November 2016

You must see this 40 acres in Galien MI to truly appreciate it. Surround yourself with nature and build your dream home on this corner parcel located just minutes from all of Harbor Country and Three Oaks. Spend your days exploring distilleries, wineries, local shops, galleries, the Three Oaks Farmers Market, and more; then relax at your secluded and private paradise.

Last Agent to Sell the Property

Mario Zarantenello

Brokerworks Real Estate Group License #6506044205 Listed on: 02/19/2016

Co-Listed By

Ron Zarantenello

@properties Christie's International R.E. License #6501359664

Last Buyer's Agent

Tim Murray

Coldwell Banker Real Estate Group License #6501285726

Coldwell Banker Real Estate Group

Property Details

Property Type

  • Land

Lot Details

  • 40 Acre Lot
  • Lot Dimensions are 1320 x 1320
  • Corner Lot: Yes
  • Wooded Lot
  • Finished Lot(s)

Farming

  • Tillable Land

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub-Type: Acreage
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: 1320 X 1320
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 5810.0
  • Lot Description:Wooded: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • General Property Info:Property Sub-Type2: Acreage
  • Lot Description:Corner Lot: Yes
  • Lot Description:Tillable: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 149900.0
  • Lot Features: Buildable, Tillable, Wooded, Corner Lot
  • Waterfront: No

Utilities

  • Utilities: Electric Connected, Electric Available

Lot Info

  • Lot Size Acres: 40.0
  • Lot Size Area: 40.0
  • Lot Dimensions: 1320 X 1320
  • Lot Size Sq Ft: 1742400.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5810.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Nov 10, 2016
Sold by
King Eric D and King Karen S
Bought by
King Eric D and King Karen S
Seller's Agent
Mario Zarantenello
Brokerworks Real Estate Group
Buyer's Agent
Tim Murray
Coldwell Banker Real Estate Group
List Price
$234,000
Sold Price
$130,000
Premium/Discount to List
-$104,000
-44.44%
Current Estimated Value
$257,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,204
Avg. Annual Appreciation
7.99%
Original Mortgage
$104,000
Outstanding Balance
$83,494
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$173,710

Purchase Details

Listed on
Feb 19, 2016
Closed on
Nov 9, 2016
Sold by
Sharp Nancy E
Bought by
King Eric D and King Karen S
Seller's Agent
Mario Zarantenello
Brokerworks Real Estate Group
Buyer's Agent
Tim Murray
Coldwell Banker Real Estate Group
List Price
$234,000
Sold Price
$130,000
Premium/Discount to List
-$104,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Outstanding Balance
$83,494
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$173,710

Purchase Details

Closed on
Sep 29, 2006
Sold by
Spevak Richard T
Bought by
Sharp Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 1986

Purchase Details

Closed on
Jul 2, 1985

Purchase Details

Closed on
Jun 19, 1985
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
King Eric D -- Attorney
King Eric D $130,000 Attorney
Sharp Nancy E $265,000 None Available
-- $30,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Eric D $104,000
Previous Owner Sharp Nancy E $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2016 11/10/16 Sold $130,000 -44.4% $293 / Sq Ft
10/25/2016 10/25/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $234,000 -- $527 / Sq Ft
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 $1,489 $70,300 $0 $0
2024 $598 $70,300 $0 $0
2023 $1,413 $136,700 $0 $0
2022 $543 $49,900 $0 $0
2021 $1,097 $49,000 $49,000 $0
2020 $1,085 $49,000 $0 $0
2019 $1,062 $47,140 $0 $0
2018 $1,054 $48,000 $0 $0
2017 $1,057 $48,026 $0 $0
2016 $5,653 $182,210 $0 $0
2015 $2,829 $172,472 $0 $0
2014 $1,529 $150,803 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mario Zarantenello

    Seller's Agent in 2016

    Mario Zarantenello

    Brokerworks Real Estate Group

    (312) 925-8552

    98 Total Sales

    Mario Zarantenello
    Section Image
  • Ron Zarantenello

    Seller Co-Listing Agent in 2016

    Ron Zarantenello

    @ Properties

    (269) 469-0700

    66 Total Sales

    Ron Zarantenello
    Section Image
  • Tim Murray

    Buyer's Agent in 2016

    Tim Murray

    Coldwell Banker Real Estate Group

    (574) 286-3944

    349 Total Sales

    Tim Murray
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15029129

Southwestern Michigan Association of REALTORS®

APN: 11-09-0014-0012-00-5

Michigan Berrien County Galien 49113

1075 Olive Branch Rd, Galien, MI

This home is located at 1075 Olive Branch Rd, Galien, MI 49113 since 19 February 2016 and is currently estimated at $257,204, approximately $579 per square foot. 1075 Olive Branch Rd is a home located in Berrien County with nearby schools including River Valley Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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