NOT LISTED FOR SALE

2340 Mershon Dr Ann Arbor, MI 48103

Estimated Value: $627,434 - $705,000

4 Beds
2.5 Baths
2,322 Sq Ft
$292/Sq Ft Est. Value

Last Sold March 12, 2012

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

Est. 130% increase in value since last sale

Current estimated payment $4,608/month

34 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Porch
  • 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 RE Services License #6506039567

Howard Hanna RE Services

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
  • 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
  • ResoPropertyType: Residential
  • Garage Type Attached: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceramic Floor, Wood Floor, Eat-in Kitchen
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • LivingArea: 2322.0
  • Kitchen Features:Eating Area: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

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
  • ResoLotSizeUnits: Acres

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
Total Days on Market
34
Current Estimated Value
$678,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.3%
Mortgage Type
New Conventional

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 RE Services
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
6.50%
Original Mortgage
$287,521
Interest Rate
3.86%
Mortgage Type
FHA

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
$54,950
Interest Rate
6.38%
Mortgage Type
Stand Alone Second

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

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Range of Values:

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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
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 Spence Jason R $352,000
Closed Spence Jason $353,000
Closed Spence Jason R $290,000
Closed Spence Jason R $290,000
Closed Rushford Spence Jason $287,521
Previous Owner Olson Raymond M $300,000
Previous Owner Olson Raymond M $75,000
Previous Owner Olson Raymond M $54,950
Previous Owner Olson Raymond M $293,200
Previous Owner Ascione Frank J $280,000
Previous Owner Ascione Frank J $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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: 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
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

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23095797

Southwestern Michigan Association of REALTORS®

APN: 12-06-111-043