NOT LISTED FOR SALE

16120 Terrace Rd Spring Lake, MI 49456

Estimated Value: $406,000 - $587,000

5 Beds
4 Baths
2,124 Sq Ft
$229/Sq Ft Est. Value

About This Home

This home is located at 16120 Terrace Rd, Spring Lake, MI 49456 and is currently estimated at $485,517, approximately $228 per square foot. 16120 Terrace Rd is a home located in Ottawa County with nearby schools including Spring Lake High School, West Michigan Academy of Arts & Academics, and Walden Green Montessori School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2022
Sold by
Thomas And Molly Muthalaly Trust
Bought by
Little Nathaniel and Chapman-Little Bonneta
Current Estimated Value
$485,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$302,434
Interest Rate
5.54%
Mortgage Type
VA
Estimated Equity
$156,494

Purchase Details

Closed on
May 11, 2017
Sold by
Muthalaly Thomas and Muthalaly Molly
Bought by
Muthalaly Thomas and Muthalaly Molly

Purchase Details

Closed on
Dec 30, 2009
Sold by
Ames John E
Bought by
Pbm Fabrication & Assembly Inc

Purchase Details

Closed on
Nov 22, 2004
Sold by
Muthalaly Molly T
Bought by
Muthalaly Thomas and Muthalaly Molly T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
5.86%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Little Nathaniel $329,900 --
Muthalaly Thomas -- Attorney
Pbm Fabrication & Assembly Inc $130,000 None Available
Muthalaly Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Nathaniel $315,000
Previous Owner Muthalaly Thomas $100,000
Previous Owner Muthalaly Thomas $72,800
Closed Pbm Fabrication & Assembly Inc $0
Source: Public Records

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 $5,084 $181,600 $0 $0
2024 $4,107 $177,700 $0 $0
2023 $3,918 $0 $0 $0
2022 $5,654 $150,100 $0 $0
2021 $3,566 $124,000 $0 $0
2020 $3,709 $122,700 $0 $0
2019 $3,669 $120,200 $0 $0
2018 $3,457 $116,500 $12,300 $104,200
2017 $3,251 $118,700 $0 $0
2016 $3,234 $119,300 $0 $0
2015 -- $118,200 $0 $0
2014 -- $107,500 $0 $0
Source: Public Records

Map

Michigan Ottawa County Spring Lake 49456

16120 Terrace Rd, Spring Lake, MI

This home is located at 16120 Terrace Rd, Spring Lake, MI 49456 and is currently estimated at $485,517, approximately $228 per square foot. 16120 Terrace Rd is a home located in Ottawa County with nearby schools including Spring Lake High School, West Michigan Academy of Arts & Academics, and Walden Green Montessori School.

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