$122,000
SOLD OCT 23, 2024

328 Terrace Point Cir Unit Site 62 Muskegon, MI 49440

0.11 Acre
$1,109,091 Price per Acre
4,835 Sq Ft Lot

Recently Sold

6% Below List Price

162 Days on Market

Highlights

  • Water Views
  • Water Access
  • Community Pool

About This Lot

As of October 2024

Enjoy lakeshore living at Terrace Point Landing located on Muskegon Lake and just minutes from downtown. With stunning lake views, lakeside pool, and a courtyard with tranquil park-like setting this is beautiful community living. Muskegon Lake boasts over 4100 acres of water, approximately 2.5 miles wide, 5.5 miles long and a channel out to Lake Michigan. This property is close to dining, marinas, lodging, and popular events. You won't want to miss this stunning lot to build your dream site condo.

Last Agent to Sell the Property

Tracy Hilty

Greenridge Realty Muskegon Listed on: 04/22/2024

Co-Listed By

Tom Monette

Greenridge Realty Muskegon License #6502351305

Last Buyer's Agent

David Dusenberry Sr.

Coldwell Banker Woodland Schmidt Whitehall License #6501376118

Coldwell Banker Woodland Schmidt Whitehall

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $100

Lot Details

  • 4,835 Sq Ft Lot
  • Lot Dimensions are 29x24x46x11x16x51x100
  • Cleared Lot
  • Property is zoned B-2, B-2

HOA Fees

  • $200 Monthly HOA Fees

Additional Features

  • Water Views
  • Cable TV Available

Community Details

Overview

  • Association fees include lawn/yard care, snow removal
  • $400 HOA Transfer Fee

Recreation

  • Community Pool
  • Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$100

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Sub-Type: Lot
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: 29x24x46x11x16x51x100
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 92.0
  • Tax Info:Zoning3: B-2
  • Waterfront Options:Water Access YN: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • General Property Info:Property Sub-Type2: Lot
  • Lot Description:Cleared: Yes
  • Util Avail at Street Electricity Available: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 129900.0
  • Lot Features: Buildable, Cleared
  • Road Surface Type: Paved
  • Water Body Name: Muskegon Lake
  • Waterfront Features: Lake
  • Waterfront: No

Utilities

  • Utilities: Water Available, Sewer Available, None

Condo/Co-op/Association

  • Association Amenities: Pool
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 200.0
  • Association Info:Assoc Buy in Fee: 400
  • Association Info:Assoc Fee Payable: Monthly
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:Assoc Access: Yes
  • Assoc Amenities:Pool2: Yes

Fee Information

  • Association Fee Includes: Lawn/Yard Care, Snow Removal, Other

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 29x24x46x11x16x51x100
  • Lot Size Sq Ft: 4835.0
  • Zoning Description: B-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 92.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2025
Sold by
Kesteloot Scarbrough Katherine M
Bought by
Scarbrough Joint Trust and Scarbrough
Current Estimated Value
$148,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Outstanding Balance
$603,439
Interest Rate
5.99%
Mortgage Type
Construction
Estimated Equity
-$455,111

Purchase Details

Listed on
Apr 22, 2024
Closed on
Oct 23, 2024
Sold by
Parkland Investments Inc
Bought by
Scarbrough Katherine M Kesteloot
Seller's Agent
Tracy Hilty
Greenridge Realty Muskegon
Buyer's Agent
David Dusenberry Sr.
Coldwell Banker Woodland Schmidt Whitehall
List Price
$129,900
Sold Price
$122,000
Premium/Discount to List
-$7,900
-6.08%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.06%

Purchase Details

Closed on
Feb 14, 2024
Sold by
Prindable Sandy
Bought by
Parkland Investments Inc

Purchase Details

Listed on
Dec 9, 2020
Closed on
Mar 15, 2022
Sold by
Terrace Point Landing Llc
Bought by
Prindable Kevin and Prindable Sandy
Seller's Agent
Tom Monette
Greenridge Realty Muskegon
Buyer's Agent
Renee Kirksey
RE/MAX West
List Price
$86,900
Sold Price
$84,500
Premium/Discount to List
-$2,400
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.00%
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $122,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $604,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $122,000 -6.1% --
10/01/2024 10/01/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $129,900 +53.7% --
03/15/2022 03/15/22 Sold $84,500 -2.8% --
01/07/2022 01/07/22 Pending -- -- --
12/09/2020 12/09/20 For Sale $86,900 -- --
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 $100 $36,000 $0 $0
2024 $19 $25,900 $0 $0
2023 $18 $25,900 $0 $0
2022 $92 $25,900 $0 $0
2021 $109 $25,900 $0 $0
2020 $107 $25,800 $0 $0
2019 $106 $25,800 $0 $0
2018 $104 $25,800 $0 $0
2017 $101 $25,800 $0 $0
2016 $6 $25,000 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24019157

Southwestern Michigan Association of REALTORS®

APN: 24-793-000-0062-00