NOT LISTED FOR SALE

2540 Oak Ridge Trail NE Grand Rapids, MI 49525

Estimated Value: $959,000 - $1,012,705

4 Beds
5 Baths
3,776 Sq Ft
$261/Sq Ft Est. Value

Last Sold August 29, 2012

Last sale price $330,000 $87 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $5,596/month

70 Days on Market

Highlights

  • Indoor Pool
  • 5.97 Acre Lot
  • Fireplace
  • Knapp Forest Elementary School Rated A
  • Wooded Lot
  • Attached Garage

About This Home

As of August 2012

A very unique open and spacious 4 bedroom property situated in an awesome location! Nice private drive on approx 6 acres. A must see with many features; indoor pool, fireplace, partially finished basement and more. This is a Fannie Mae HomePath property approved for HomePath Renovation financing.

Last Agent to Sell the Property

David Brooks

LASTBIDrealestate.com - I License #6502109146 Listed on: 05/16/2012

Last Buyer's Agent

Tom Zandee

Five Star Real Estate (M6) License #6501257930

Five Star Real Estate (M6)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,993

Year Built

  • Built in 1986

Lot Details

  • 5.97 Acre Lot
  • Wooded Lot

Parking

  • Attached Garage

Home Design

  • Wood Siding
  • Stone

Interior Spaces

  • 3,776 Sq Ft Home
  • Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Pool

  • Indoor Pool

Utilities

  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,993

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1986
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • LivingArea: 3776.0

Exterior Features

  • Construction Materials: Wood Siding, Stone
  • List Price: 379900.0
  • Lot Features: Wooded
  • Pool Features: Indoor
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: Yes
  • Garage: Yes

Utilities

  • Sewer: Septic System
  • Water Source: Well

Lot Info

  • Lot Size Acres: 5.97
  • Lot Size Area: 5.97
  • Lot Size Sq Ft: 260053.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2012
Closed on
Aug 29, 2012
Sold by
Fannie Mae
Bought by
Stewart Marc and Stewart Heidi
Seller's Agent
David Brooks
LASTBIDrealestate.com - I
Buyer's Agent
Tom Zandee
Five Star Real Estate (M6)
List Price
$399,900
Sold Price
$330,000
Premium/Discount to List
-$69,900
-17.48%
Current Estimated Value
$984,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,676
Avg. Annual Appreciation
8.66%
Original Mortgage
$264,000
Outstanding Balance
$42,141
Interest Rate
2.89%
Mortgage Type
New Conventional
Estimated Equity
$942,535

Purchase Details

Closed on
Mar 8, 2011
Sold by
Liberty Savings Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 23, 2011
Sold by
Dugan Michael J and Dugan Colleen M
Bought by
Liberty Savings Bank

Purchase Details

Closed on
Apr 19, 1994
Bought by
Salyer Charles W and Stewart Marc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stewart Marc $330,000 None Available
Federal National Mortgage Association -- None Available
Liberty Savings Bank $459,767 None Available
Salyer Charles W $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Marc $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2012 08/29/12 Sold $330,000 -17.5% $87 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $399,900 -- $106 / 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 $4,993 $475,300 $0 $0
2024 $4,993 $432,800 $0 $0
2023 $4,774 $356,400 $0 $0
2022 $6,255 $356,700 $0 $0
2021 $4,438 $334,700 $0 $0
2020 $4,457 $329,700 $0 $0
2019 $6,172 $318,000 $0 $0
2018 $6,096 $302,100 $0 $0
2017 $6,068 $328,400 $0 $0
2016 $5,846 $295,300 $0 $0
2015 -- $295,300 $0 $0
2013 -- $187,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Brooks

    LASTBIDrealestate.com - I

  • T

    Buyer's Agent in 2012

    Tom Zandee

    Five Star Real Estate (M6)

    (616) 915-8160

    3 in this area

    238 Total Sales

    Tom Zandee
    Section Image

  • T

    Buyer's Agent in 2012

    Thomas Zandee

    Greenridge Realty (Kentwood)

See All Agents

Map

Source: MichRIC

MLS Number: 12027300

MichRIC

APN: 41-14-12-251-003

Michigan Kent County Grand Rapids 49525

2540 Oak Ridge Trail NE, Grand Rapids, MI

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