NOT LISTED FOR SALE

Estimated Value: $442,000 - $679,000

70 Acres
$8,494 Price per Acre
3,049,200 Sq Ft Lot

Last Sold August 10, 2020

Last sale price $500,000

Est. 18% increase in value since last sale

Current estimated payment $3,471/month

148 Days on Market

Highlights

  • Private Waterfront
  • 70 Acre Lot
  • Wooded Lot

About This Lot

As of August 2020

DEVELOPER'S DREAM: 70 rolling acres, mostly wooded, with five-acre lake on paved road in prime area not far from M-24. Located south of Lapeer and north of Auburn Hills. Great development opportunity that could serve many purposes. See survey.

Last Agent to Sell the Property

Dave Vizard

Keller Williams Realty Lakeside License #6501363860 Listed on: 03/10/2020

Keller Williams Realty Lakeside

Last Buyer's Agent

Chantel Fick

Realty Executives Main St LLC License #RCO-6501395629

Realty Executives Main St LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 70 Acre Lot
  • Private Waterfront
  • 5 Feet of Waterfront
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 01501901500

Property Details

Property Type

Land

Est. Annual Taxes

$5,895

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 215700.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: lake
  • Frontage Feet: 980
  • Road Frontage Type: Paved
  • Water Frontage Feet: 5.00
  • Waterfront Description: Private Water Frontage

Utilities

  • Sewer: Septic-Needed

Schools

  • School District: Lapeer

Lot Info

  • List Price per Acre: 7142.8571
  • Lot Features: Wooded
  • Lot Size Area: 70.00
  • Lot Dimensions: irregular
  • Parcel Number: 01501901500
  • Zoning: Residential
  • Survey: Yes

Tax Info

  • Tax Amount Summer: 1395.0000
  • Tax Amount Winter: 4500.0000
  • Total Tax: 5895.0000
  • Taxable Value: 142058.0000

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2021
Sold by
Loftis Brent M and Loftis Jennifer Lynn
Bought by
Loftis Brent M and Loftis Jennifer Lynn
Current Estimated Value
$589,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 10, 2020
Closed on
Aug 7, 2020
Sold by
Mcginnis Kent D
Bought by
Loftis Bret M and Loftis Jennifer Lynn
Seller's Agent
Dave Vizard
Keller Williams Realty Lakeside
Buyer's Agent
Chantel Fick
Realty Executives Main St LLC
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$400,000
Outstanding Balance
$326,861
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$326,033

Purchase Details

Closed on
Nov 30, 1995
Sold by
Mcginnis Joyce
Bought by
Mcginnis Kent D

Purchase Details

Closed on
Sep 9, 1994
Sold by
Mcginnis Joyce
Bought by
Mcginnis Kent D

Purchase Details

Closed on
May 31, 1978
Bought by
Mcginnis
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
Loftis Brent M -- Devon Title Agency
Loftis Bret M $500,000 Michigan Title Ins Agcy Inc
Loftis Bret M $500,000 Michael D Otto Pc
Mcginnis Kent D $258,000 --
Mcginnis Kent D -- --
Mcginnis $164,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loftis Brent M $150,000
Closed Loftis Brent M $150,000
Open Loftis Bret M $400,000
Closed Loftis Bret M $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2020 08/10/20 Sold $500,000 0.0% --
08/05/2020 08/05/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $500,000 -- --
Source: Realcomp

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 $2,593 $267,500 $0 $0
2023 $2,581 $265,500 $0 $0
2022 $10,613 $254,200 $0 $0
2021 $9,982 $246,200 $0 $0
2020 $5,926 $234,800 $0 $0
2019 $5,895 $215,700 $0 $0
2018 $5,758 $233,800 $233,800 $0
2017 $5,644 $240,000 $0 $0
2016 $1,328 $239,450 $239,450 $0
2015 -- $239,400 $0 $0
2014 -- $238,900 $238,900 $0
2013 -- $231,100 $231,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200020262

Realcomp

APN: 015-019-015-00