NOT LISTED FOR SALE

2340 Mershon Dr Ann Arbor, MI 48103

Estimated Value: $659,161 - $723,000

4 Beds
2.5 Baths
2,322 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 12, 2012

Last sale price $295,000 $127 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $4,444/month

34 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Home Office
  • Lawton Elementary School Rated A
  • No HOA
  • 3-minute walk to Lawton Park

About This Home

As of March 2012

Highest & Best By 12pm Tuesday 1/10/12. Fireplace In Fam Rm. Cherry Kitchen W/ Custom Counter Tops, Ss Refrig & Microw. Hardwood Floors In Living & Dining Room. Homesteps/Freddie Mac Is Offering A 2 Yr Home Warranty & Up To 3% Seller Paid Closing Costs For Primary Home Purchases On Initial Offers Submitted In Homesteps Connect Between 11/15/11-1/31/12 With Escrow Closed On Or Before 3/15/12. Buyersto Verify All Info. As Is Sale. This Property Is Eligible Under The Freddie Mac First Look Initiative Through 12/23/11.

Last Agent to Sell the Property

Gregory Johnson

Johnson & Associates Realty, I License #6502119535 Listed on: 12/08/2011

Last Buyer's Agent

Anne Gilbert

Howard Hanna Real Estate License #6506039567

Howard Hanna Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,264

Year Built

  • Built in 1969

Lot Details

  • 10,454 Sq Ft Lot
  • Property is zoned R1c, R1c

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 2,322 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio
  • Porch

Schools

  • Lakewood Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,264

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1969
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 127.05
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 89X117 APPROX
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2322.0
  • Tax Info:Annual Property Tax: 6264.0
  • Tax Info:Zoning3: R1c
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: Yes
  • General Property Info:SqFt Above Grade: 2322.0
  • General Property Info Elementary School2: Lakewood Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Vinyl Floor: Yes
  • Flooring:Carpet Floor: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Tile, Vinyl, Wood
  • Interior Amenities: Eat-in Kitchen
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • LivingArea: 2322.0
  • General Property Info:Stories2: 1.5
  • Kitchen Features:Eating Area: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 295000.0
  • Patio and Porch Features: Patio, Porch(es)
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lakewood Elementary School
  • High School: Pioneer High School
  • Middle/Junior School: Slauson Middle School

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Dimensions: 89X117 APPROX
  • Lot Size Sq Ft: 10454.0
  • Zoning Description: R1c

Tax Info

  • Tax Annual Amount: 6264.0
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2017
Sold by
Spence Jason and Rushford Spence Shawna
Bought by
Spence Jason and Rushford Spence Shawna
Current Estimated Value
$700,540

Purchase Details

Listed on
Dec 8, 2011
Closed on
Mar 12, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rushford Spence Jason and Rushford Spence Shawna
Seller's Agent
Gregory Johnson
Johnson & Associates Realty, I
Buyer's Agent
Anne Gilbert
Howard Hanna Real Estate
List Price
$320,500
Sold Price
$295,000
Premium/Discount to List
-$25,500
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$287,521
Outstanding Balance
$197,412
Interest Rate
3.86%
Mortgage Type
FHA
Estimated Equity
$503,128

Purchase Details

Closed on
Apr 28, 2011
Sold by
Olson Raymond M and Olson Sheila A
Bought by
The Federal Home Loan Mortgage Corporati

Purchase Details

Closed on
Mar 15, 2006
Sold by
Ascione Frank J and Ascione Nancy A
Bought by
Olson Raymond M and Olson Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,200
Interest Rate
6.38%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 14, 2002
Sold by
Coughli Patricia Ascione
Bought by
Ascione Frank J

Purchase Details

Closed on
Mar 15, 2000
Sold by
Ascione Frank J
Bought by
Ascione Frank J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Spence Jason -- None Available
Rushford Spence Jason $295,000 Etitle Agency Inc
The Federal Home Loan Mortgage Corporati $235,000 None Available
Olson Raymond M $366,500 Capital Title Ins Agency
Ascione Frank J -- --
Ascione Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rushford Spence Jason $287,521
Previous Owner Olson Raymond M $293,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2012 03/12/12 Sold $295,000 -8.0% $127 / Sq Ft
01/11/2012 01/11/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $320,500 -- $138 / Sq Ft
Source: MichRIC

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 $9,807 $305,600 $0 $0
2024 $9,565 $300,000 $0 $0
2023 $8,819 $277,300 $0 $0
2022 $9,611 $256,000 $0 $0
2021 $14,497 $249,200 $0 $0
2020 $8,913 $237,100 $0 $0
2019 $8,482 $221,200 $221,200 $0
2018 $8,363 $211,100 $0 $0
2017 $7,999 $202,200 $0 $0
2016 $6,814 $159,961 $0 $0
2015 $7,350 $159,483 $0 $0
2014 $7,350 $154,500 $0 $0
2013 -- $154,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 23095797

MichRIC

APN: 12-06-111-043