NOT LISTED FOR SALE

242 Nichole St Galesburg, MI 49053

Estimated Value: $240,000 - $278,000

3 Beds
2 Baths
1,760 Sq Ft
$148/Sq Ft Est. Value

Last Sold January 11, 2012

Last sale price $87,550 $50 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $1,492/month

38 Days on Market

Highlights

  • Fenced Yard
  • Patio
  • 1-Story Property
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of January 2012

HUD Home! Great home in popular Fleetwood neighborhood! This home is neat and clean and ready for new owners! This home has a very spacious feel. The kitchen features raised panel oak cabinetry. The carpet in the bedrooms still looks good. Master suite offers a private bath with walk in closet. Good sized rooms. Lower level is finished with large family room and office/den area, plus laundry & mechanicals, egress window and has been plumbed for third bath. There is also a 2 car attached garage! To learn more about HUD homes and our listings, google aresmi.com and click on the HOW TO Tab..watch the video and then call for your showing!

Last Agent to Sell the Property

Gail Mitchell

Advanced Real Estate Services Listed on: 09/27/2011

Co-Listed By

Sharon McFellin

Advanced Real Estate Services License #6501280005

Last Buyer's Agent

Dawn Snow

Berkshire Hathaway HomeServices MI License #6501308478

Berkshire Hathaway HomeServices MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 2000

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 80x162.7
  • Fenced Yard

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,026

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 2000
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 80x162.7
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1760.0
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 2026.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1100.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1760.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Finished SQFT: 660.0
  • Basement Rooms:Total Basement SQFT: 1100.0
  • Kitchen Features Pantry: Yes
  • Below Grade Sq Ft: 660.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Fenced Back, Patio
  • List Price: 103000.0
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Fenced Back: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes
  • Parking Features Attached2: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 80x162.7
  • Lot Size Sq Ft: 13024.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2026.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2011
Closed on
Jan 9, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Geissel Eugene Peter and Geissel Kate Elizabeth
Seller's Agent
Gail Mitchell
Advanced Real Estate Services
Buyer's Agent
Dawn Snow
Berkshire Hathaway HomeServices MI
List Price
$103,000
Sold Price
$87,550
Premium/Discount to List
-$15,450
-15%
Current Estimated Value
$261,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,782
Avg. Annual Appreciation
8.26%
Original Mortgage
$85,329
Outstanding Balance
$63,157
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$194,606

Purchase Details

Closed on
Apr 9, 2011
Sold by
Gmac Mortgage Llc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Dec 9, 2010
Sold by
Blankenship Stephen L and Blankenship Amy L
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Apr 14, 2005
Sold by
Miller Ryan D and Miller Stephanie J
Bought by
Blankenship Stephen L and Blankenship Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
6.06%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Geissel Eugene Peter $87,550 Devon Title Company
Secretary Of Housing & Urban Development -- None Available
Gmac Mortgage Llc $138,474 None Available
Blankenship Stephen L $142,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geissel Kate E $85,329
Previous Owner Blankenship Stephen L $139,750
Previous Owner Blankenship Stephen L $139,750
Previous Owner Miller Ryan D $100,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2012 01/11/12 Sold $87,550 -15.0% $50 / Sq Ft
11/04/2011 11/04/11 Pending -- -- --
09/27/2011 09/27/11 For Sale $103,000 -- $59 / 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 $833 $115,500 $0 $0
2024 $833 $110,000 $0 $0
2023 $794 $102,300 $0 $0
2022 $3,063 $96,100 $0 $0
2021 $2,941 $87,500 $0 $0
2020 $2,807 $81,900 $0 $0
2019 $3,104 $77,600 $0 $0
2018 $3,122 $73,400 $0 $0
2017 $0 $71,100 $0 $0
2016 -- $66,200 $0 $0
2015 -- $62,300 $7,900 $54,400
2014 -- $62,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 11053176

Southwestern Michigan Association of REALTORS®

APN: 07-23-240-110