NOT LISTED FOR SALE

2741 Balsam Way Dr Sterling Heights, MI 48314

Estimated Value: $569,000 - $631,000

4 Beds
2 Baths
2,193 Sq Ft
$272/Sq Ft Est. Value

Last Sold March 06, 2013

Last sale price $235,000 $107 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $3,676/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Great Room
  • Forced Air Heating System
  • Adlai Stevenson High School Rated 9+
  • Living Room
  • 3 Car Garage

About This Home

As of March 2013

Property is eligible under the Freddie Mac First Look Initiative thru 02/23/2013. 1000 bonus available for owner occupant offers submitted 11/15/12 thru 2-28-13 with escrow closed on-before 4/15/13 must be inc with initial offer. Seller to pay for Home Warranty up 500 at closing, must be submitted with initial offer. BA is responsible for providing closing firm with the HW info invoice. LB to hold certified EMD. NEEDS A LOT OF WORK!

Last Agent to Sell the Property

Robert Gapczynski

JCI - REO, Inc. License #MISPE-6501309731 Listed on: 02/08/2013

Last Buyer's Agent

Kay Kasshamoun

CRK Realty License #MISPE-6502357969

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,330

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 91x125

Parking

  • 3 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2,193 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Living Room
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 211103625

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,330

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Bedroom 1: On Upper Floor, Dimensions: 17 x 13
  • Bedroom 2: On Upper Floor, Dimensions: 15 x 13
  • Bedroom 3: On Upper Floor, Dimensions: 14 x 12
  • Bedroom 4: On Upper Floor, Dimensions: 14 x 12
  • Bathrooms Description: First Flr Lavatory, MstrBdrm Full Bathroom, Second Flr Lavatory
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room Types: Great Room, Living Room
  • Dining Room: On Entry Level, Dimensions: 13 x 12
  • Great Room: On Entry Level, Dimensions: 22 x 13
  • Kitchen: On Entry Level, Dimensions: 23 x 11
  • Kitchen Features: Formal Dining Room
  • Living Room: On Entry Level, Dimensions: 17 x 12
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 2193
  • Total Finished Sq Ft: 2193

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Basement
  • Road: Paved Street

Garage/Parking

  • Garage Spaces: 3
  • Parking: Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 211103625
  • Lot Dimensions: 91x125
  • Map Side Numeric: 11
  • Map Top Alpha: A
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $3,935.00
  • Winter Tax: Amount: $395.00

MLS Schools

  • School District: Utica Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2013
Sold by
Acho Johnson and Acho Fadia
Bought by
Jaboro Paul G and Jaboro Rowaida
Current Estimated Value
$596,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Outstanding Balance
$214,179
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$382,026

Purchase Details

Listed on
Feb 8, 2013
Closed on
Feb 25, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Acho Johnson
Seller's Agent
Robert Gapczynski
JCI - REO, Inc.
Buyer's Agent
Kay Kasshamoun
CRK Realty
List Price
$224,900
Sold Price
$235,000
Premium/Discount to List
$10,100
4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%

Purchase Details

Closed on
Dec 8, 2011
Sold by
Rayes Eddie L and Reyes Marlin
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 27, 2008
Sold by
Rayes Nafi and Rayes Dalia
Bought by
Rayes Eddie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2006
Sold by
Rayes Eddie and Rayes Marlin
Bought by
Rayes Nafi

Purchase Details

Closed on
Mar 10, 2005
Sold by
Rayes Nafi
Bought by
Rayes Eddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2005
Sold by
Rayes Eddie and Rayes Marlin
Bought by
Rayes Nafi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2000
Sold by
Allen Michael R
Bought by
Rayes Eddie

Purchase Details

Closed on
Aug 29, 1995
Sold by
Lc Homes Inc
Bought by
Allen Michael R and Allen Michelle
Source: Public Records

Range of Values:

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
Jaboro Paul G $359,000 Continental Title Agency Llc
Acho Johnson $235,000 Attorneys Title Agency Llc
Federal Home Loan Mortgage Corporation $311,694 None Available
Rayes Eddie L $390,000 Hbi Title Services Inc
Rayes Nafi -- The Title Co Of Michigan Inc
Rayes Eddie -- --
Rayes Nafi $475,000 The Title Company Of Mi Inc
Rayes Eddie $331,000 --
Allen Michael R $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaboro Paul G $287,200
Previous Owner Rayes Eddie L $312,000
Previous Owner Rayes Nafi $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2013 03/06/13 Sold $235,000 +4.5% $107 / Sq Ft
02/11/2013 02/11/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $224,900 -- $103 / Sq Ft
Source: Michigan Multiple Listing Service

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 $6,587 $274,000 $0 $0
2024 $6,023 $256,100 $0 $0
2023 $5,686 $225,400 $0 $0
2022 $5,928 $205,400 $0 $0
2021 $5,805 $193,200 $0 $0
2020 $5,178 $185,000 $0 $0
2019 $4,952 $178,500 $0 $0
2018 $5,364 $171,700 $0 $0
2017 $5,125 $164,200 $27,500 $136,700
2016 $4,952 $164,200 $0 $0
2015 -- $152,100 $0 $0
2014 -- $124,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31135462

Michigan Multiple Listing Service

APN: 10-10-07-132-003