NOT LISTED FOR SALE

118 E Middle St Chelsea, MI 48118

Estimated Value: $980,783

6 Beds
7.5 Baths
5,269 Sq Ft
$186/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $615,000 $117 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,982/month

233 Days on Market

Highlights

  • 0.41 Acre Lot
  • Colonial Architecture
  • Recreation Room
  • South Meadows Elementary School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of May 2018

Spectacular & Stunning best describes this wonderfully & completely restored Queen Anne Victorian home famously known as the Chelsea House Victorian Inn! This glorious architectural masterpiece will impress the most prudent of buyers. Style & sophistication grace every inch of this home featuring 6 expansive bedrooms, 7 full bathrooms, 1 half bath all situated on almost a half acre of prime downtown Chelsea real estate that's perfectly manicured & landscaped. This highly successful B&B boasts clients from nearby communities and around the globe. Currently zoned C-5, this home could continue as a B&B, or transformed into a business office, or rezoned into a primary residence making you the envy of Chelsea. The attention to detail will take your breath away, you'll also fall in love with the the soaring ceilings in every room, 3 gas fireplaces, beautiful hardwood floors, professionally finished basement, remodeled carriage house w/kitchen, full bath & living quarters, 3 car attached garage., Rec Room: Finished

Last Agent to Sell the Property

Richard Taylor

The Charles Reinhart Company License #6501312197 Listed on: 09/26/2017

The Charles Reinhart Company

Last Buyer's Agent

Alex Milshteyn

Real Estate One Inc License #6506037173

Real Estate One Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,001

Year Built

  • Built in 1900

Lot Details

  • 0.41 Acre Lot
  • Back Yard Fenced
  • Property is zoned C5, C5

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Gas Log Fireplace
  • Window Treatments
  • Great Room
  • Living Room
  • Dining Room
  • Recreation Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,001

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Colonial
  • Stories: 3
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 141.26
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 5269.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 15001.0
  • Tax Info:Zoning3: C5
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 3.0
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Daylight: Yes
  • General Property Info:SqFt Above Grade: 4459.0
  • Additional Items:Basement Finished: Yes
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Carpet Floor: Yes
  • Flooring:Laminate Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Tile Floor: Yes
  • Architectural Style:Colonial: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener Owned
  • Flooring: Carpet, Ceramic Tile, Laminate, Tile, Wood
  • Interior Amenities: Garage Door Opener, Eat-in Kitchen
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Fireplaces: 3
  • Total Bedrooms: 6
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bathrooms: 8
  • Basement: Daylight, Full
  • LivingArea: 5269.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 3.0
  • Basement Rooms:Basement Finished SQFT: 810.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Water Softener-Owned: Yes
  • Below Grade Sq Ft: 810.0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Balcony
  • Fencing: Fenced Back
  • List Price: 629900.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Deck, Patio, Porch(es)
  • Exterior Material:Brick: Yes
  • Exterior Features:Balcony: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Sq Ft: 17860.0
  • Zoning Description: C5

Tax Info

  • Tax Annual Amount: 15001.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2017
Closed on
May 18, 2018
Sold by
Chelsea House Of Michigan Inc
Bought by
S More Ventures Inc
Seller's Agent
Richard Taylor
The Charles Reinhart Company
Buyer's Agent
Alex Milshteyn
Real Estate One Inc
List Price
$629,900
Sold Price
$615,000
Premium/Discount to List
-$14,900
-2.37%
Current Estimated Value
$980,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,783
Avg. Annual Appreciation
6.54%

Purchase Details

Listed on
May 15, 2015
Closed on
Jan 8, 2016
Sold by
Myles James E and Myles Kimberly T
Bought by
Chelsea House Of Michigan Inc
Seller's Agent
Richard Taylor
The Charles Reinhart Company
Buyer's Agent
Richard Taylor
The Charles Reinhart Company
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.89%
Original Mortgage
$467,000
Interest Rate
3.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
S More Ventures Inc $615,000 Liberty Title
Chelsea House Of Michigan Inc $575,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chelsea House Of Michigan Inc $467,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2018 05/18/18 Sold $615,000 -2.4% $117 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
09/26/2017 09/26/17 For Sale $629,900 +9.5% $120 / Sq Ft
01/08/2016 01/08/16 Sold $575,000 -4.0% $109 / Sq Ft View Prior Sale
01/07/2016 01/07/16 Pending -- -- --
05/15/2015 05/15/15 For Sale $599,000 -- $114 / Sq Ft
Source: MichRIC

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 $10,666 $465,400 $0 $0
2024 $24,317 $461,900 $0 $0
2023 $24,317 $364,000 $0 $0
2022 $19,347 $354,200 $0 $0
2021 $20,319 $330,400 $0 $0
2020 $20,048 $328,100 $0 $0
2019 $19,596 $320,000 $320,000 $0
2018 $18,300 $307,700 $0 $0
2017 $0 $294,800 $0 $0
2016 $0 $211,653 $0 $0
2015 -- $211,020 $0 $0
2014 -- $204,427 $0 $0
2013 -- $204,427 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23117375

MichRIC

APN: 06-12-183-007