NOT LISTED FOR SALE

177 Wellworth Ave Springfield, MI 49037

Estimated Value: $91,000 - $116,000

2 Beds
1 Bath
672 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $25,000 $37 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $692/month

41 Days on Market

Highlights

  • Recreation Room
  • Living Room
  • Bathroom on Main Level
  • 1 Car Detached Garage
  • Bungalow
  • Forced Air Heating System

About This Home

As of June 2016

177 Wellworth Ave Springfield MI 49037 2 bedroom 1 bath, very accessible home for sale. Features include main floor washer and dryer plus 1 car detached garage. Property was built prior to 1978 and lead based paint potentially exists. Seller's name is Secretary of Veterans Affairs. Seller does not pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Proof of funds required on cash transactions: Lender Pre-Approval letter for financed offers dated within last 30 days. Seller is selling the property AS IS. Buyer to verify all data. Clients may see all data and schedule showings at www.REOmamma.com or call Richard Stewart 269-345-7000 REO Specialists llc

Last Agent to Sell the Property

Richard Stewart

REO Specialists, L.L.C. License #6502431179 Listed on: 04/09/2016

Last Buyer's Agent

Andy Frantz

RE/MAX Perrett Associates License #6501205225

RE/MAX Perrett Associates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 5,706

Parking

  • 1 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Doors are 36 inches wide or more
  • 5,706 Sq Ft Lot

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1955
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 672.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1649.6
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Substructure:Slab: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 672.0
  • General Property Info Garage YN: Yes
  • Accessibility Feat 36 Inch Entrance Door: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Accessibility Features: 36 Inch Entrance Door, Accessible Mn Flr Full Bath
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 672.0
  • General Property Info:Stories2: 1.0
  • Accessibility Feat:Accessible Mn Flr Full Bath: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 25250.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 1
  • Lot Size Sq Ft: 5706.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1649.6
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2016
Closed on
May 26, 2016
Sold by
Secretary Of Veterans Affairs
Bought by
Wardell Wayne and Wardell Michelle F
Seller's Agent
Richard Stewart
REO Specialists, L.L.C.
Buyer's Agent
Andy Frantz
RE/MAX Perrett Associates
List Price
$25,250
Sold Price
$25,000
Premium/Discount to List
-$250
-0.99%
Current Estimated Value
$100,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,738
Avg. Annual Appreciation
16.52%

Purchase Details

Closed on
Feb 4, 2016
Sold by
Freedom Mortgage Corporation
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Dec 17, 2015
Sold by
Ballard Ray
Bought by
Freedom Mortgage Corporation

Purchase Details

Closed on
Aug 19, 2010
Sold by
Ling David M and Ling Katrina
Bought by
Ballard Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
Nov 28, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
Jpmorgan Chase Bank and Residential Funding Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
May 4, 2007
Sold by
Evans Nancy
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Sep 28, 2001
Bought by
Gordon Susan M

Purchase Details

Closed on
Aug 18, 2000
Sold by
Murray William E
Bought by
Great Lakes National Bank, Mi

Purchase Details

Closed on
Aug 2, 1999
Sold by
Mccarty Jerry
Bought by
Murray William E

Purchase Details

Closed on
Apr 28, 1998
Sold by
Montney David R
Bought by
Mccarty Jerry

Purchase Details

Closed on
Jun 19, 1995
Sold by
Barrus Daniel Alan
Bought by
Montney David R
Source: Public Records

Range of Values:

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Average Value
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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
Wardell Wayne $25,000 Attorney
Secretary Of Veterans Affairs -- Va Reo Va Title Dept
Freedom Mortgage Corporation $20,412 Attorney
Ballard Ray $40,500 First American Title Ins Co
Jpmorgan Chase Bank -- E Title Agency Inc
The Bank Of New York Trust Co Na -- E Title Agency
Mortgage Electronic Registration Systems $51,647 None Available
Gordon Susan M $36,500 --
Great Lakes National Bank, Mi $38,100 --
Murray William E $39,000 --
Mccarty Jerry $40,000 --
Montney David R $25,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ballard Ray $43,022
Previous Owner Ballard Ray $40,500
Previous Owner Jpmorgan Chase Bank $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $25,000 -1.0% $37 / Sq Ft
05/20/2016 05/20/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $25,250 -- $38 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $1,634 $39,339 $0 $0
2024 $1,096 $31,229 $0 $0
2023 $1,404 $26,637 $0 $0
2022 $994 $24,048 $0 $0
2021 $1,328 $23,421 $0 $0
2020 $1,310 $23,006 $0 $0
2019 $1,835 $22,701 $0 $0
2018 $0 $19,671 $4,322 $15,349
2017 $0 $19,666 $0 $0
2016 $0 $15,458 $0 $0
2015 -- $13,579 $0 $0
2014 -- $14,985 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16015325

Southwestern Michigan Association of REALTORS®

APN: 54-090-055-00