Seller's Agent in 2014
Beth Van
Bon Realty
(269) 684-4445
8 in this area
130 Total Sales
1540 E Elm Valley Rd Buchanan, MI 49107
Estimated Value: $183,000 - $379,000
4
Beds
2
Baths
2,336
Sq Ft
$132/Sq Ft
Est. Value
Highlights
- Stables
- Pole Barn
- Eat-In Kitchen
- 3.67 Acre Lot
- Farmhouse Style Home
- Laundry Room
About This Home
As of February 2014Price Reduction - HUD Home on 3.6 acres in Buchanan Township . Avail 1-16-14 Bids due daily by 11:59 PM CST then daily til sold. AS IS'' HUD property sold by electronic bid only. FHA Case #263-396025 Buyer to verify all information. HUD does NOT pay for title insurance. BLB Resources makes no warranty as to the existence of mold in this property, and is not liable for the potentially harmful effects thereof and makes no warranty as to the condition of the property. See attached memo regarding Buyer Select'' program, seller paid closing costs. For overbidding and/or escrow repair and LBP Disclosure information, please see attached Overbidding and Escrow'' and LBP MLS addendum. Special Comments Disclosures: Disclosures: Repairs exceed $5,000. Repairs may include but not limited to structu re, electrical, roof, HVAC, plumbing; Inspection recommended, Property is connected to a well
Home Details
Home Type
- Single Family
Year Built
- Built in 1950
Lot Details
- 3.67 Acre Lot
- Lot Dimensions are 165x968
- Level Lot
- Property is zoned AG, AG
Parking
- Unpaved Driveway
Home Design
- Farmhouse Style Home
- Wood Siding
Interior Spaces
- 2,336 Sq Ft Home
- 2-Story Property
- Family Room
- Dining Room
- Crawl Space
- Laundry Room
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Propane
- Well
- Electric Water Heater
- Septic Tank
- Septic System
- Phone Connected
Additional Features
- Pole Barn
- Tillable Land
- Stables
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2025
Sold by
Rieves Shannon and Nichol Shannon
Bought by
Nichol Shannon
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Outstanding Balance
$173,691
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$133,788
Purchase Details
Closed on
Jun 17, 2024
Sold by
Rieves Shannon
Bought by
Berrien County Treasurer
Purchase Details
Closed on
Jun 14, 2024
Sold by
Rieves Shannon
Bought by
Berrien County Treasurer
Purchase Details
Closed on
Jun 13, 2023
Sold by
Rieves Shannon
Bought by
Berrien County Treasurer
Purchase Details
Listed on
Nov 22, 2013
Closed on
Feb 25, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Rieves Shannon
Seller's Agent
Beth Van
Bon Realty
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$50,000
Sold Price
$34,550
Premium/Discount to List
-$15,450
-30.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.00%
Purchase Details
Closed on
Jan 11, 2012
Sold by
Citimortgage Inc
Bought by
Secretary Of Housing & Urban Development
Purchase Details
Closed on
Dec 15, 2011
Sold by
Eastman Mark A and Eastman Kathryn L
Bought by
Citimortgage Inc
Purchase Details
Closed on
Dec 11, 2003
Sold by
Nowlin Naomi V
Bought by
Eastman Mark A and Eastman Kathryn L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,450
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 20, 2003
Sold by
Erwin Thelma Jean
Bought by
Nowlin Naomi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,450
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 12, 1989
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nichol Shannon | -- | None Listed On Document | |
| Nichol Shannon | -- | None Listed On Document | |
| Berrien County Treasurer | -- | -- | |
| Berrien County Treasurer | -- | -- | |
| Berrien County Treasurer | -- | -- | |
| Rieves Shannon | $34,550 | Chicago Title | |
| Secretary Of Housing & Urban Development | -- | None Available | |
| Citimortgage Inc | $119,849 | None Available | |
| Eastman Mark A | -- | None Available | |
| Nowlin Naomi | $97,000 | Metropolitan Title Company | |
| -- | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nichol Shannon | $178,000 | |
| Closed | Nichol Shannon | $178,000 | |
| Previous Owner | Nowlin Naomi | $82,450 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2014 02/27/14 | Sold | $34,550 | -30.9% | $15 / Sq Ft |
| 01/24/2014 01/24/14 | Pending | -- | -- | -- |
| 11/22/2013 11/22/13 | For Sale | $50,000 | -- | $21 / 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 | $1,936 | $124,700 | $0 | $0 |
| 2024 | $1,523 | $108,500 | $0 | $0 |
| 2023 | $1,474 | $101,500 | $0 | $0 |
| 2022 | $1,487 | $89,600 | $0 | $0 |
| 2021 | $1,752 | $80,500 | $12,600 | $67,900 |
| 2020 | $1,742 | $79,700 | $0 | $0 |
| 2019 | $1,699 | $69,100 | $12,300 | $56,800 |
| 2018 | $1,688 | $69,100 | $0 | $0 |
| 2017 | $1,660 | $67,000 | $0 | $0 |
| 2016 | $1,675 | $72,800 | $0 | $0 |
| 2015 | $1,675 | $67,500 | $0 | $0 |
| 2014 | $1,240 | $61,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Van
-
Jennifer Inman
Buyer's Agent in 2014
Jennifer Inman
Red Shoe Realty
(269) 635-2407
15 in this area
186 Total Sales
Map
Source: MichRIC
MLS Number: 13066142
APN: 11-06-0032-0015-03-3
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.
Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.
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