NOT LISTED FOR SALE

225 Gralake Ave Ann Arbor, MI 48103

Sister Lakes Neighborhood

Estimated Value: $414,379 - $474,000

3 Beds
1.5 Baths
1,350 Sq Ft
$328/Sq Ft Est. Value

Last Sold February 21, 2017

Last sale price $310,000 $230 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,880/month

94 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Porch
  • Lakewood Elementary School Rated A-
  • 1 Car Detached Garage
  • 5-minute walk to Dolph Nature Area

About This Home

As of February 2017

Completely remodeled in 2016 from the ground up including all new high end appliances. Located in the very desirable and highly sought after Lakewood Subdivision across from Webers Inn. You will fall in love with this 3 bedroom, 1.5 bath, approx.1350 sq ft home. Move in and unpack because everything else has been done for you. New furnace, AC, HW heater, granite counter tops, ceramic tile in Kitchen and baths, refinished hardwood floors through out, beautiful fireplace in the family room and much more. This one won't last!

Last Agent to Sell the Property

Terrence George

RE/MAX Platinum License #6501309942 Listed on: 10/07/2016

RE/MAX Platinum

Last Buyer's Agent

Terrence George

RE/MAX Platinum License #RCO-6501309942

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1956 | Remodeled in 2016

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 66x142
  • Fenced
  • Level Lot

Home Design

  • Ranch Style House
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,350 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Unfinished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakewood Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090825207003

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,226

Year Built

Built in 1956 | Remodeled in 2016

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1956
  • Year Renovated: 2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1350

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Composition
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Poured
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached, Door Opener, Electricity, Side Entrance
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 1454545.4545
  • Lot Features: Level
  • Lot Size Area: 0.22
  • Lot Dimensions: 66X142
  • Parcel Number: 090825207003

Tax Info

  • Tax Amount Summer: 2489.0000
  • Tax Amount Winter: 737.0000
  • Total Tax: 3226.0000

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2016
Closed on
Feb 21, 2017
Sold by
Kafaei Saman
Bought by
Rusch Rene Lynn
Seller's Agent
Terrence George
RE/MAX Platinum
Buyer's Agent
Terrence George
RE/MAX Platinum
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Current Estimated Value
$443,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,345
Avg. Annual Appreciation
4.06%
Original Mortgage
$218,000
Outstanding Balance
$179,937
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$263,408

Purchase Details

Listed on
Oct 7, 2016
Closed on
Feb 16, 2017
Sold by
Paul Caratman
Bought by
Knfaei Saman
Seller's Agent
Terrence George
RE/MAX Platinum
Buyer's Agent
Terrence George
RE/MAX Platinum
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Outstanding Balance
$179,937
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$263,408

Purchase Details

Listed on
Jan 16, 2012
Closed on
Mar 23, 2012
Sold by
Michigan Commerce Bank
Bought by
Cartman Paul
Seller's Agent
Marla Heatley
Cornerstone Real Estate
Buyer's Agent
No Member
Non Member Sales
List Price
$99,900
Sold Price
$60,115
Premium/Discount to List
-$39,785
-39.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.57%

Purchase Details

Closed on
Sep 8, 2011
Sold by
Cole Richard
Bought by
Michigan Commerce Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rusch Rene Lynn $310,000 Select Title Co
Knfaei Saman $68,000 Devon Title Agency
Cartman Paul $60,115 Cis
Michigan Commerce Bank $68,242 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rusch Rene Lynn $218,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2017 02/21/17 Sold $310,000 -3.1% $230 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
12/09/2016 12/09/16 Price Changed $320,000 -3.0% $237 / Sq Ft
10/07/2016 10/07/16 For Sale $330,000 +448.9% $244 / Sq Ft
03/23/2012 03/23/12 Sold $60,115 -39.8% $29 / Sq Ft View Prior Sale
03/07/2012 03/07/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $99,900 -- $48 / Sq Ft
Source: Realcomp

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 $7,154 $175,400 $0 $0
2024 $6,662 $170,600 $0 $0
2023 $6,143 $159,400 $0 $0
2022 $6,694 $146,400 $0 $0
2021 $6,536 $142,800 $0 $0
2020 $6,404 $138,800 $0 $0
2019 $6,095 $123,600 $123,600 $0
2018 $2,725 $54,600 $0 $0
2017 $2,433 $49,100 $0 $0
2016 $3,366 $52,055 $0 $0
2015 $2,795 $51,900 $0 $0
2014 $2,795 $45,500 $0 $0
2013 -- $45,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Terrence George

    RE/MAX Michigan

    Section Image

  • M

    Seller's Agent in 2012

    Marla Heatley

    Cornerstone Real Estate

    (734) 216-3228

    71 Total Sales

    Marla Heatley
    Section Image

  • N

    Buyer's Agent in 2012

    No Member

    Non Member Sales

See All Agents

Map

Source: Realcomp

MLS Number: 216099069

Realcomp

APN: 08-25-207-003

Michigan Washtenaw County Ann Arbor 48103 Sister Lakes

225 Gralake Ave, Ann Arbor, MI

Not Listed for Sale

Detached

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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