20851 Island Lake Rd Chelsea, MI 48118
5
Beds
4.5
Baths
3,946
Sq Ft
20.04
Acres
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
The Charles Reinhart Company License #6501312197 Listed on: 06/15/2021
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
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
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
2.84%
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
Similar Homes in Chelsea, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $1,000,000 | Liberty Title | |
| Warranty Deed | $625,000 | American Title Company Of Wa | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $95,000 | Credit Line Revolving | |
| Previous Owner | $396,000 | Unknown | |
| Previous Owner | $85,000 | Credit Line Revolving |
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
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
-
Richard Taylor
Seller's Agent in 2021
Richard Taylor
The Charles Reinhart Company
(734) 223-5656
191 Total Sales
-
Marcia White
Buyer's Agent in 2021
Marcia White
Re/Max Platinum
(734) 395-8983
29 Total Sales
-
Rob Ewing
Seller's Agent in 2013
Rob Ewing
Real Estate One Inc
(734) 216-5955
389 Total Sales
-
Jeff Klink
Seller Co-Listing Agent in 2013
Jeff Klink
The Charles Reinhart Company
(734) 260-7483
409 Total Sales
-
Marc Rubin
Buyer's Agent in 2013
Marc Rubin
Brookstone, REALTORS®
(734) 646-9000
29 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23118599
APN: 05-25-100-028
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