NOT LISTED FOR SALE

1496 Fero Ave NE Lowell, MI 49331

Estimated Value: $504,000 - $746,000

4 Beds
2.5 Baths
3,208 Sq Ft
$197/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $520,000 $162 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,627/month

6 Days on Market

Highlights

  • Water Views
  • Home fronts a pond
  • 4.92 Acre Lot
  • Murray Lake Elementary School Rated A
  • Sauna
  • Deck

About This Home

As of October 2021

You will love this walkout ranch with an open floor plan on 5 acres. Views and natural light from every room. Upstairs there are two large bedrooms,1.5 baths, kitchen with oversized pantry and island. Granite countertops and stainless steel appliances with hardwoods throughout. Large dining room and 2 living areas complete with a pellet stove. In the finished basement there is laundry with storage, 2 more bedrooms, an office, a living area and another full bathroom. This home has a sauna for 4 and a walk-in wine cellar. The acreage feels like 20 acres with a 1⁄2 acre swimming pond, a new firepit area, hiking paths, and a wonderful deck. Pole barn is 20x30. Newer hot water heater, composite railing on deck, dishwasher, well pump, water tank and roof.

Last Agent to Sell the Property

Charles Cornwell

Cornwell Properties License #6502431057 Listed on: 08/24/2021

Cornwell Properties

Last Buyer's Agent

Tara Wilson

Ensley Real Estate- I License #6501335479

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,320

Year Built

  • Built in 1978

Lot Details

  • 4.92 Acre Lot
  • Lot Dimensions are 325x655 x660x325
  • Home fronts a pond
  • Hilly Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,208 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Sauna
  • Wood Flooring
  • Water Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms

Laundry

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

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 2 Bedrooms in Basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Liquid Propane Gas Water Heater
  • Water Softener is Owned
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,320

Year Built

Built in 1978

Lot Details

4.92 Acres

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1978
  • General Property Info:Basement: Yes
  • General Property Info:Main Level Primary: Yes
  • Manufactured:Manufactured YN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Water Softener Owned, Water Softener Rented, Refrigerator, Oven, Built in Oven, Microwave, Cooktop, Dishwasher, Freezer, Disposal, Dryer, Washer, Range
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Sauna
  • Fireplace Features: Wood Burning, Living Room
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access
  • LivingArea: 3208.0
  • Basement Rooms:Basement Bedrooms: 2
  • Basement Rooms:Total Basement SQFT: 1598.0
  • Below Grade Sq Ft: 1598.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 520000.0
  • Lot Features: Rolling Hills, Wooded
  • Patio and Porch Features: Deck, Porch
  • Waterfront Features: Pond
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Electricity Available
  • Water Source: Well

Lot Info

  • Lot Size Acres: 4.92
  • Lot Size Area: 4.92
  • Lot Dimensions: 325x655 x660x325
  • Lot Size Sq Ft: 214315.0

Tax Info

  • Tax Annual Amount: 3320.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Sep 30, 2021
Sold by
Bowman and Sarah
Bought by
Austin Brian
Seller's Agent
Charles Cornwell
Cornwell Properties
Buyer's Agent
Tara Wilson
Ensley Real Estate- I
List Price
$520,000
Sold Price
$520,000
Current Estimated Value
$630,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,882
Avg. Annual Appreciation
4.40%
Original Mortgage
$400,000
Outstanding Balance
$364,763
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$266,119

Purchase Details

Closed on
May 12, 2014
Sold by
Burritt Stuart M and Burritt Karen R
Bought by
Bowman David and Bowman Sarah

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
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 1998
Sold by
Mosier Barbara A
Bought by
Burritt Stuart M and Burritt Stuart M
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
Austin Brian $520,000 None Listed On Document
Bowman David $265,000 None Available
Burritt Stuart M $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Brian $400,000
Previous Owner Bowman David $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2025 01/30/25 Off Market $520,000 -- --
10/01/2021 10/01/21 Sold $520,000 0.0% $162 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $520,000 -- $162 / Sq Ft
Source: MichRIC

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 $3,075 $183,300 $0 $0
2024 $31 $168,900 $0 $0
2023 $4,186 $149,200 $0 $0
2022 $6,186 $131,700 $0 $0
2021 $3,432 $123,900 $0 $0
2020 $2,416 $121,900 $0 $0
2019 $3,208 $116,000 $0 $0
2018 $3,208 $107,800 $0 $0
2017 $3,122 $106,000 $0 $0
2016 $3,050 $105,800 $0 $0
2015 -- $105,800 $0 $0
2013 -- $90,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21102192

MichRIC

APN: 41-16-18-300-039

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