NOT LISTED FOR SALE

115 N Lake Update, MI 48750

Estimated Value: $257,359

-- Bed
1 Bath
7,605 Sq Ft
$34/Sq Ft Est. Value

About This Home

This home is located at 115 N Lake, Update, MI 48750 and is currently priced at $257,359, approximately $33 per square foot. 115 N Lake is a home located in Iosco County with nearby schools including Richardson Elementary School and Oscoda Area High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2023
Sold by
Huron Community Bank
Bought by
115 N Lake St Llc and Landino
Current Estimated Value
$257,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$441,333
Interest Rate
7.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 15, 2023
Sold by
Brank James R
Bought by
Huron Community Bank

Purchase Details

Closed on
Jun 12, 2018
Sold by
Adoracion B Pacania Ret
Bought by
Patel Arvindkumar R and Patel Sejalben A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2015
Sold by
George Marvin and George Carol
Bought by
Adoracion B Pacania Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.64%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
115 N Lake St Llc $150,000 None Listed On Document
Huron Community Bank -- --
Patel Arvindkumar R $175,000 --
Adoracion B Pacania Trust $165,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 115 N Lake St Llc $450,000
Previous Owner Patel Arvindkumar R $140,000
Previous Owner Adoracion B Pacania Trust $123,750
Source: Public Records

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 $5,173 $99,700 $90,000 $9,700
2024 $3,911 $106,400 $0 $0
2023 $2,714 $97,300 $11,300 $86,000
2022 $3,611 $83,800 $11,300 $72,500
2021 $3,553 $88,900 $11,300 $77,600
2020 $3,455 $81,400 $11,300 $70,100
2019 $3,427 $80,300 $11,300 $69,000
2018 $3,639 $85,100 $9,800 $75,300
2017 $3,403 $88,700 $12,000 $76,700
2016 $3,544 $88,700 $0 $0
2015 -- $89,700 $0 $0
2014 -- $91,700 $0 $0
2013 -- $95,900 $0 $0
Source: Public Records

Map

Michigan Iosco County Oscoda 48750

115 N Lake, Oscoda, MI

Not Listed for Sale

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