NOT LISTED FOR SALE

218 E Merchant St New Buffalo, MI 49117

Estimated Value: $794,000 - $1,110,703

4 Beds
3.5 Baths
2,551 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $435,000 $171 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,788/month

Highlights

  • 800 Feet of Waterfront
  • Deck
  • Wood Flooring
  • New Buffalo Elementary School Rated A
  • Wood Burning Stove
  • Community Pool

About This Home

As of June 2018

Madrona model with a Rear Garage. One of the original homes built in 2007. This home has 4 bedrooms and 3 1/2 baths on all levels. Over 2,600 square ft on 3 levels including the finished basement. This is the perfect Summer home or Investment property. Association pool is a Bonus! All this and within walking distance to the New Buffalo public beach, eateries and shopping. New Buffalo is in the midst of a Downtown face lift with the finishing touches just around the corner. Come and Enjoy this Merchant Street Cottage home this Summer! Visit our website at www.merchantstreetcottage.com.

Last Agent to Sell the Property

Bert Solski

Coldwell Banker Realty License #6501373203 Listed on: 05/24/2018

Last Buyer's Agent

Bert Solski

Coldwell Banker Realty License #6501373203 Listed on: 05/24/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,131

Year Built

  • Built in 2007

Lot Details

  • 2,613 Sq Ft Lot
  • Lot Dimensions are 30x87
  • 800 Feet of Waterfront
  • Property fronts a private road
  • Shrub
  • Level Lot

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Unpaved Driveway

Home Design

  • Cabin
  • Composition Roof
  • HardiePlank Siding
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Low Emissivity Windows
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement
  • Natural lighting in basement

Outdoor Features

  • Water Access
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include trash, snow removal

Recreation

  • Community Pool

Additional Features

  • Security
  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,131

Year Built

Built in 2007

Lot Details

0

HOA Fees

$140 per month

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin
  • Stories: 2
  • Year Built: 2007
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 30x87
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2551.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 5131.0
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Waterfront Options:Water Frontage3: 800.0
  • Windows:Insulated Windows: Yes
  • Windows:Low Emissivity Windows: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Utilities Attached:Telephone Line: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Daylight: Yes
  • Additional Items:GasWood Stove: Yes
  • Windows:Skylight(s): Yes
  • General Property Info:Condo Proj Name: Merchant Street Cottage
  • Driveway:Shared Unpaved: Yes
  • General Property Info:SqFt Above Grade: 1648.0
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Gas/Wood Stove, Kitchen Island, Eat-in Kitchen
  • Fireplace Features: Living Room, Other
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Daylight, Full
  • LivingArea: 2551.0
  • Window Features: Low-Emissivity Windows, Skylight(s), Screens, Insulated Windows, Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 903.0
  • Basement Rooms:Total Basement SQFT: 963.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Below Grade Sq Ft: 903.0

Exterior Features

  • Construction Materials: Aluminum Siding, HardiPlank Type
  • List Price: 449000.0
  • Lot Features: Level, Sidewalk
  • Patio and Porch Features: Deck, Patio, Porch(es)
  • Road Frontage Type: Private Road
  • Roof: Composition
  • Water Body Name: Lake Michigan
  • Waterfront Features: Lake
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:HardPlankCement Board: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Electricity Available, Phone Connected, Natural Gas Connected, Cable Connected
  • Water Source: Public
  • Heat Source:Electric2: Yes

Condo/Co-op/Association

  • Association Amenities: Pool, Security, Other
  • Association Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 140.0
  • Association Info:Assoc Fee Payable: Monthly
  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Assoc Amenities:Pool: Yes
  • Assoc Amenities:Security: Yes

Fee Information

  • Association Fee Includes: Trash, Snow Removal

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 30x87
  • Lot Size Sq Ft: 2613.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5131.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2018
Closed on
Jun 11, 2018
Sold by
Weiss Howard B
Bought by
Goldstein Michael B and Goldstein Deanna
Seller's Agent
Bert Solski
Coldwell Banker Realty
Buyer's Agent
Bert Solski
Coldwell Banker Realty
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%
Current Estimated Value
$895,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,426
Avg. Annual Appreciation
8.80%
Original Mortgage
$348,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 24, 2018
Closed on
Jun 8, 2018
Sold by
Weiss Howard B
Bought by
Goldstein Michael B and Goldstein Deanna
Seller's Agent
Bert Solski
Coldwell Banker Realty
Buyer's Agent
Bert Solski
Coldwell Banker Realty
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2011
Sold by
Merchant Street Land Development Llc
Bought by
Weiss Howard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goldstein Michael B -- Mtc
Goldstein Michael B -- Meridian Title
Weiss Howard B -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldstein Michael B $348,000
Closed Goldstein Michael B $348,000
Previous Owner Weiss Howard B $295,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $435,000 -3.1% $171 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $449,000 -- $176 / 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 $11,036 $447,500 $0 $0
2024 $7,282 $287,800 $0 $0
2023 $6,997 $271,400 $0 $0
2022 $6,663 $256,600 $0 $0
2021 $9,802 $243,500 $54,600 $188,900
2020 $9,681 $208,500 $0 $0
2019 $10,235 $211,800 $53,600 $158,200
2018 $5,120 $211,800 $0 $0
2017 $5,131 $221,400 $0 $0
2016 $5,035 $172,700 $0 $0
2015 $5,022 $176,400 $0 $0
2014 $3,310 $167,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18023140

Southwestern Michigan Association of REALTORS®

APN: 11-62-4960-0005-00-1