NOT LISTED FOR SALE

23501 Oak Terrace Cassopolis, MI 49031

Estimated Value: $100,000 - $237,000

1 Bed
1 Bath
818 Sq Ft
$196/Sq Ft Est. Value

Sale Details

Date Sold: February 4, 2019

Last sale price $52,000 $64 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $909 / mo

76 Days on Market

Highlights

  • Water Access
  • Den
  • Laundry Room
  • Recreation Room
  • Living Room
  • Forced Air Heating System

About This Home

As of February 2019

Cute lake cottage with access to Kelsey Lake through the Kelsey Lake Association. Quiet lot with trees and landscaping.

Last Agent to Sell the Property

Ed Farkas

Asset One Realty License #6502342511 Listed on: 08/16/2018

Last Buyer's Agent

Agent Out Of Area

Out of Area Office

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $475

Year Built

  • Built in 1900

Lot Details

  • 15,246 Sq Ft Lot

Home Design

  • Cabin
  • Wood Siding

Interior Spaces

  • 818 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Partial Basement

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Water Access
  • Property is near a lake

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Septic Tank
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$475

Year Built

Built in 1900

Lot Details

0.35 Acres

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin
  • Stories: 1
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 66.08
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 818.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 475.0
  • Waterfront Options:Water Access YN: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Partial: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 818.0
  • General Property Info Garage YN: No
  • Architectural Style Cabin: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • LivingArea: 818.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 200.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 54055.0
  • Waterfront Features: Lake
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Assoc Access: Yes

Lot Info

  • Lot Size Acres: 0.35
  • Lot Size Area: 0.35
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 475.0
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2018
Closed on
Feb 5, 2019
Sold by
Home Point Financial Corporation
Bought by
Seller's Agent
Ed Farkas
Asset One Realty
Buyer's Agent
Agent Out Of Area
Out of Area Office
List Price
$59,900
Sold Price
$52,000
Premium/Discount to List
-$7,900
-13.19%
Current Estimated Value
$160,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,156
Avg. Annual Appreciation
16.02%
Original Mortgage
$52,525
Outstanding Balance
$45,233
Interest Rate
4.5%
Estimated Equity
$114,923

Purchase Details

Closed on
Jan 3, 2018
Sold by
Riddle Timothy J
Bought by
Home Point Financial Corp

Purchase Details

Listed on
Aug 3, 2015
Closed on
Oct 16, 2015
Sold by
Sherman Barbara A
Bought by
Riddle Timothy J
Seller's Agent
Renay Suseland
Cressy & Everett Real Estate
Buyer's Agent
Renay Suseland
Cressy & Everett Real Estate
List Price
$98,500
Sold Price
$87,500
Premium/Discount to List
-$11,000
-11.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$91,516
Interest Rate
3.75%

Purchase Details

Closed on
May 21, 2013
Sold by
Sherman Barbara
Bought by
Sherman Barbara A and Barbara A Sherman Trust

Purchase Details

Closed on
Aug 31, 2010
Sold by
Hartsell Alene
Bought by
Sherman Barbara
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$52,000 None Available
Home Point Financial Corp $68,250 None Available
Riddle Timothy J $87,500 Attorney
Sherman Barbara A -- None Available
Sherman Barbara $35,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $6,120
Open Miller Crystal $52,525
Previous Owner Riddle Timothy J $91,516
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2019 02/04/19 Sold $52,000 -13.2% $64 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
08/16/2018 08/16/18 For Sale $59,900 -31.5% $73 / Sq Ft
12/11/2015 12/11/15 Sold $87,500 -11.2% $107 / Sq Ft View Prior Sale
08/29/2015 08/29/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $98,500 -- $120 / Sq Ft
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $362 $47,500 $0 $0
2025 $362 $46,900 $46,900 $0
2024 $352 $46,200 $46,200 $0
2023 $336 $45,700 $0 $0
2022 $320 $36,500 $0 $0
2021 $765 $36,000 $0 $0
2020 $1,290 $28,600 $0 $0
2019 $829 $25,800 $0 $0
2018 $194 $23,000 $0 $0
2017 $190 $21,000 $0 $0
2016 $188 $17,500 $0 $0
2015 -- $18,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ed Farkas Real Estate Agent - Asset One Realty

    Seller's Agent in 2019

    Ed Farkas

    Asset One Realty

    (269) 228-3675

    52 Total Sales

    Ed Farkas
    Section Image

  • AO

    Buyer's Agent in 2019

    Agent Out Of Area

    Out of Area Office

  • RS

    Seller's Agent in 2015

    Renay Suseland

    Cressy & Everett Real Estate

See All Agents

Map

Source: MichRIC

MLS Number: 18040436

MichRIC

APN: 14-040-140-078-01

Michigan Cass County Cassopolis 49031

23501 Oak Terrace, Cassopolis, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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