NOT LISTED FOR SALE

12537 Terry Ave Wayland, MI 49348

Estimated Value: $269,279 - $404,000

3 Beds
1 Bath
1,280 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 20, 2015

Last sale price $142,000 $111 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $1,785/month

24 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Main Floor Bedroom
  • Snack Bar or Counter
  • 33 Feet of Waterfront
  • Air Purifier
  • Accessible Bedroom

About This Home

As of August 2015

This move in ready, affordable cottage or year round home, has been totally remodeled! The home is positioned perfectly, directly across the road from the shared access & with incredible views of Cobb Lake from the sunroom. This cottage has been updated with a new roof, windows, insulation, hot water heater, HVAC w/air cleaner, fresh paint, carpet, counter tops, appliances, and more. The home offers three bedrooms, an open floor plan with a large family room, beautiful sun room, & sunny kitchen. Cobb Lake is located 30 mi SE of GR, 3 mi north of Gun Lake, and near Yankee Springs. The water is very clean, clear, & has a Caribbean feel to it. This private access only lake is a great retreat for fishing (Bluegill, Pike, Bass), swimming, & water skiing. The Cobb Lake Association is very active, and plans events throughout the year.

Last Agent to Sell the Property

Jane Payne

KW NORTHERN MICHIGAN License #6506046454 Listed on: 06/26/2015

KW NORTHERN MICHIGAN

Last Buyer's Agent

Jane Payne

Keller Williams GR East

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,739

Year Built

  • Built in 1961

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 100.49x130x126.04x54.42
  • 33 Feet of Waterfront
  • Property fronts a private road
  • Garden

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Insulated Windows
  • Laundry on main level

Kitchen

  • Range
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Bedroom
  • Accessible Entrance
  • Stepless Entry

Eco-Friendly Details

  • Air Purifier

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Shared Waterfront
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,739

Year Built

Built in 1961

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1961
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 116.41
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100.49x130x126.04x54.42
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1280.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1739.0
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Waterfront Options:Water Frontage3: 33.0
  • Util Avail at Street:Cable2: Yes
  • Windows:Insulated Windows: Yes
  • Substructure:Slab: Yes
  • Additional Items:Ceiling Fans: Yes
  • Water Heater:Natural Gas4: Yes
  • Landscape:Flower Garden: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • General Property Info:SqFt Above Grade: 1280.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Other Equipment:Air Purifier: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Accessibility Features: Accessible Mn Flr Bedroom, Covered Entrance, Accessible Entrance
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 1280.0
  • Other Equipment: Air Purifier
  • Window Features: Replacement, Insulated Windows
  • General Property Info:Stories2: 1.0
  • Appliances Range: Yes
  • Kitchen Features:Snack Bar: Yes
  • Accessibility Feat:Accessible Mn Flr Bedroom: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 149000.0
  • Other Structures: Shed(s)
  • Road Frontage Type: Private Road
  • Roof: Composition
  • Water Body Name: Cobb Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 20.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 20.0
  • Water Fea Amenities:Deeded Access: Yes
  • Association Info:Assoc Fee Payable: Annually
  • Water Fea Amenities:Shared Frontage: Yes

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 100.49x130x126.04x54.42
  • Lot Size Sq Ft: 9583.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1739.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2015
Closed on
Aug 20, 2015
Sold by
Larry & Pamela Smith Family Trust
Bought by
Simon Gary P
Seller's Agent
Jane Payne
KW NORTHERN MICHIGAN
Buyer's Agent
Jane Payne
KW NORTHERN MICHIGAN
List Price
$149,000
Sold Price
$142,000
Premium/Discount to List
-$7,000
-4.7%
Current Estimated Value
$314,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,070
Avg. Annual Appreciation
8.01%
Original Mortgage
$90,000
Outstanding Balance
$70,929
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$243,141

Purchase Details

Closed on
Jul 2, 2013
Sold by
Smith Larry E and Smith Pamela J
Bought by
Smith Larry E and Smith Pamela J

Purchase Details

Closed on
Nov 15, 2010
Sold by
Carroll Robert B and Carroll Lorraine
Bought by
Smith Larry E and Smith Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
4.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Simon Gary P $142,000 Grand Rapids Title Co Llc
Smith Larry E -- None Available
Smith Larry E $87,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Gary P $90,000
Previous Owner Smith Larry E $69,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2015 08/20/15 Sold $142,000 -4.7% $111 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $149,000 -- $116 / 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 $1,628 $87,500 $0 $0
2024 $1,628 $86,200 $0 $0
2023 $1,454 $60,700 $0 $0
2022 $1,454 $60,700 $0 $0
2021 $1,454 $61,300 $0 $0
2020 $1,754 $54,900 $0 $0
2019 $1,754 $61,400 $0 $0
2018 $1,699 $47,400 $12,700 $34,700
2017 $1,699 $47,400 $0 $0
2016 -- $38,800 $0 $0
2015 -- $39,100 $0 $0
2014 -- $39,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane Payne

    Seller's Agent in 2015

    Jane Payne

    KW NORTHERN MICHIGAN

    (616) 826-7128

    25 Total Sales

    Jane Payne
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 15033855

MichRIC

APN: 16-090-012-00

Michigan Barry County Wayland 49348

12537 Terry Ave, Wayland, MI

Not Listed for Sale

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes