NOT LISTED FOR SALE

20851 Island Lake Rd Chelsea, MI 48118

Estimated Value: $974,000 - $1,251,000

5 Beds
4.5 Baths
3,946 Sq Ft
$285/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $1,000,000 $253 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,564/month

3 Days on Market

Highlights

  • In Ground Pool
  • Second Garage
  • Maid or Guest Quarters
  • South Meadows Elementary School Rated A-
  • 20.04 Acre Lot
  • Deck

About This Home

As of July 2021

*FINAL & BEST OFFERS DUE 8PM WEDNESDAY JUNE 16TH*** Absolutely stunning best describes this custom designed and built 1.5 story contemporary home nestled on 20 rolling & wooded acres w/panoramic views in every direction. There's 2,746' above grade w/an additional 1,200' in the professionally finished w/o basement. Boasting 5 large bedrooms, a main floor master suite & 4.5 bathrooms. This grandiose home will impress the most prudent of buyers with its quality & custom finishes. Upon entry, you'll be greeted by gleaming hardwood flooring, soaring ceilings, beautifully designed living room w/double-sided fireplace, a true gourmet kitchen featuring newer granite countertops, new SS backsplash, center island and high-end appliances, formal dining room, all new custom lighting throughout most o of the home, main floor laundry, freshly remodeled basement w/fully functional kitchen, full bathroom & living area-it makes the perfect ensuite. You'll fall in love with the salt water-heated pool w/numerous water features, stamped concrete flooring and a spectacular seating area complete w/a lounge, barbeque, tv area and a gas fireplace to complete this fascinating work of art. There's an expansive pole barn w/concrete flooring & electric, Primary Bath, Rec Room: Finished

Last Agent to Sell the Property

Richard Taylor

The Charles Reinhart Company License #6501312197 Listed on: 06/15/2021

The Charles Reinhart Company

Last Buyer's Agent

Marcia White

Re/Max Platinum License #6506035299

Re/Max Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,125

Year Built

  • Built in 1992

Lot Details

  • 20.04 Acre Lot
  • Sprinkler System
  • Property is zoned RH, RH

Parking

  • 3 Car Attached Garage
  • Second Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Window Treatments
  • Living Room
  • Recreation Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Natural lighting in basement

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Patio
  • Pole Barn
  • Porch

Schools

  • Chelsea High Middle School
  • Chelsea High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Power Generator
  • Well
  • Water Softener is Owned
  • Septic System
  • Satellite Dish

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,125

Year Built

Built in 1992

Lot Details

0

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Contemporary
  • Stories: 1
  • Year Built: 1992
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3946.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 14125.0
  • Tax Info:Zoning3: RH
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Util Avail at Street:Natural Gas2: Yes
  • General Property Info:Fireplace: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Landscape:Underground Sprinkler: Yes
  • Substructure:Daylight: Yes
  • Additional Items:Hot Tub Spa: Yes
  • Additional Items:Generator: Yes
  • Additional Items:Guest Quarters: Yes
  • General Property Info:SqFt Above Grade: 2746.0
  • Additional Items:Vaulted Ceilings: Yes
  • Additional Items:Sump Pump: Yes
  • Additional Items:Basement Finished: Yes
  • Laundry Features Main Level: Yes
  • General Property Info High School: Chelsea High School
  • General Property Info Middle School2: Chelsea High School
  • General Property Info Garage YN: Yes
  • Architectural Style:Contemporary: Yes
  • Flooring:Wood Floor: Yes
  • Other Equipment:Satellite Dish2: Yes
  • Flooring:Carpet Floor: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Security Features:Security System: Yes
  • Other Structures:Pole Barn: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener Owned
  • Flooring: Carpet, Ceramic Tile, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Guest Quarters, Hot Tub Spa, Eat-in Kitchen
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 3946.0
  • Other Equipment: Satellite Dish
  • Window Features: Window Treatments
  • General Property Info:Stories2: 1.5
  • Basement Rooms:Basement Finished SQFT: 1200.0
  • Basement Rooms:Total Basement SQFT: 1888.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Bar Fridge: Yes
  • Appliances:Water Softener-Owned: Yes
  • Below Grade Sq Ft: 1200.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 899900.0
  • Other Structures: Second Garage, Pole Barn
  • Patio and Porch Features: Deck, Patio, Porch(es)
  • Pool Features: In Ground
  • Exterior Material:Brick: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes
  • Patio And Porch Features:Patio: Yes
  • Pool:In Ground: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 3.0
  • Other Structures:Second Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Generator
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Security Features: Security System
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Chelsea High School
  • Middle/Junior School: Chelsea High School

Lot Info

  • Lot Size Acres: 20.04
  • Lot Size Area: 20.04
  • Lot Size Sq Ft: 872942.0
  • Zoning Description: RH
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14125.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2022
Sold by
Gatward Roger A and Gatward Christine L
Bought by
Roger And Christine Gatward Living Trust and Li Christine
Current Estimated Value
$1,116,048

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jun 30, 2021
Sold by
Thayer Scott D and Thayer Virginia N
Bought by
Gatward Roger A and Gatward Christine L
Seller's Agent
Richard Taylor
The Charles Reinhart Company
Buyer's Agent
Marcia White
Re/Max Platinum
List Price
$899,900
Sold Price
$1,000,000
Premium/Discount to List
$100,100
11.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.38%

Purchase Details

Listed on
Mar 5, 2013
Closed on
Sep 4, 2013
Sold by
Howard Bonnie A
Bought by
Thayer Scott D and Thayer Virginia N
Seller's Agent
Rob Ewing
Real Estate One Inc
Buyer's Agent
Marc Rubin
Brookstone, REALTORS®
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$500,000
Interest Rate
3.73%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 13, 2006
Sold by
Howard Robert L and Howard Bonnie A
Bought by
Howard Bonnie A and Howard Robert L
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
Roger And Christine Gatward Living Trust -- None Listed On Document
Gatward Roger A $1,000,000 Liberty Title
Thayer Scott D $625,000 American Title Company Of Wa
Howard Bonnie A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thayer Scott D $500,000
Previous Owner Howard Robert L $50,000
Previous Owner Howard Robert L $95,000
Previous Owner Howard Robert L $396,000
Previous Owner Howard Robert L $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $1,000,000 +11.1% $253 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $899,900 +44.0% $228 / Sq Ft
09/06/2013 09/06/13 Sold $625,000 -10.6% $166 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $699,000 -- $186 / 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 $17,435 $558,500 $0 $0
2024 $5,075 $533,400 $0 $0
2023 $4,833 $479,200 $0 $0
2022 $15,778 $440,300 $0 $0
2021 $14,256 $416,100 $0 $0
2020 $14,125 $416,800 $0 $0
2019 $3,735 $404,000 $404,000 $0
2018 $9,630 $346,800 $0 $0
2017 $11,716 $366,900 $0 $0
2016 $0 $336,282 $0 $0
2015 -- $327,600 $0 $0
2014 -- $257,100 $0 $0
2013 -- $257,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23118599

Southwestern Michigan Association of REALTORS®

APN: 05-25-100-028