NOT LISTED FOR SALE

331 E Lake St South Lyon, MI 48178

Estimated Value: $280,000 - $363,000

4 Beds
1.5 Baths
1,617 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: June 17, 2022

Last sale price $295,000 $182 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,290 / mo

16 Days on Market

Highlights

  • Victorian Architecture
  • Ground Level Unit
  • 1.5 Car Detached Garage
  • Centennial Middle School Rated A-
  • No HOA
  • 1-minute walk to Paul F. Baker Memorial Park

About This Home

As of June 2022

OH MY DO NOT PASS THIS ONE BY! A SHOWPLACE RIGHT IN THE HEART OF TOWN. WALK TO DOWNTOWN SOUTH LYON. WAITING FOR YOU TO MAKE IT YOUR HOME. GREAT YARD WITH SUPERB LANDSCAPING, PAVER PATIOS & SPRINKLER SYSTEM. UPDATED FLOORING, UPDATED ELECTRIC SERVICE 2 WITH 2 METERS, WINDOWS THROUGHOUT THE HOUSE AND A GREAT FRONT SITTING PORCH/ENTRYWAY. UPDATED FURNACE AND A/C UNITS. THIS WAS ONCE CONVERTED TO A RENTAL DUPLEX. IT HAS 2 ELECTRIC METERS AND SERVICE AND 2 FURNACES AND A/C UNITS, ONE FOR UPSTAIRS ONE FOR FIRST FLOOR. AT ONE TIME THE UPPER UNIT FEATURES 2 BEDROOMS, FULL BATH, KITCHEN WITH EATING AREA, LIVING ROOM. AND THE LOWER UNIT FEATURED 2 BEDROOMS, HALF BATH, DINING RM, LIVING RM, ENCLOSED PORCH.(IT IS NOT 2 UNITS NOW) 1 CAR DETACHED GARAGE, LARGE LOT. ALL DATA APPROX.

Last Agent to Sell the Property

Ron Targanski

National Realty Centers, Inc License #6501202166 Listed on: 05/16/2022

National Realty Centers, Inc

Last Buyer's Agent

Timothy Haggerty

Remerica Hometown One License #6501240225

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2012

Lot Details

  • 18,731 Sq Ft Lot
  • Lot Dimensions are 66.00x141.00
  • Fenced

Parking

  • 1.5 Car Detached Garage

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,617 Sq Ft Home
  • 2-Story Property
  • Microwave
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Additional Features

  • Patio
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 2120363008
  • $2,000 Seller Concession

Community Details

Overview

  • No Home Owners Association
  • Assr's Plat No 5 City Of South Lyon Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,898

Year Built

Built in 1920 | Remodeled in 2012

Lot Details

0.43 Acres

Listing Details

  • Property Type: Residential
  • Architecture Style: Victorian
  • Architecture Level: 2 Story
  • Assessment: 5.18
  • Year Built: 1920
  • State Equalized Value: 125860.0000
  • Year Renovated: 2012
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • AgentOnly_ListPriceByAcre: 697672.0900
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Microwave
  • Total Sq Ft: 1617

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement, Michigan Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Stone, Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 1.5 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.43
  • Lot Dimensions: 66.00X141.00
  • Parcel Number: 2120363008

Tax Info

  • Tax Amount Summer: 4821.0000
  • Tax Amount Winter: 77.0000
  • Total Tax: 4898.0000
  • Taxable Value: 84380.0000

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 17, 2022
Sold by
Lake Street Property Management Llc
Bought by
Schmidt Thomas and Schmidt Sally A
Seller's Agent
Ron Targanski
National Realty Centers, Inc
Buyer's Agent
Timothy Haggerty
Remerica Hometown One
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%
Current Estimated Value
$331,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,234
Avg. Annual Appreciation
3.04%
Original Mortgage
$289,656
Outstanding Balance
$275,561
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$55,673

Purchase Details

Closed on
Nov 25, 2014
Sold by
Mitchell Mark R and Mitchell Gail R
Bought by
Lake Street Property Management Llc

Purchase Details

Closed on
Apr 11, 2011
Sold by
Honnila Stacy and Orlandi Stacy L
Bought by
Mitchell Mark R and Mitchell Gail R

Purchase Details

Closed on
Oct 26, 2010
Sold by
Orlandi Stacy L and Mortgage Electronic Registrati
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 14, 2005
Sold by
Sparks Tony V and Sparks Janice A
Bought by
Orlandi Stacy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 1999
Sold by
Sparks Nancy C
Bought by
Sparks Nancy C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmidt Thomas $295,000 None Listed On Document
Lake Street Property Management Llc -- None Available
Mitchell Mark R $75,000 Continental Title Agency
Us Bank National Association $88,000 None Available
Orlandi Stacy L $172,500 Select Title Company
Sparks Nancy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Thomas $289,656
Previous Owner Orlandi Stacy L $138,000
Closed Orlandi Stacy L $34,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2022 06/17/22 Sold $295,000 -1.7% $182 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $299,999 -7.7% $186 / Sq Ft
05/16/2022 05/16/22 For Sale $325,000 -- $201 / Sq Ft
Source: Realcomp

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 $6,547 $169,430 $0 $0
2024 $6,218 $157,020 $0 $0
2023 $5,835 $146,160 $0 $0
2022 $5,121 $127,590 $0 $0
2021 $4,898 $125,860 $0 $0
2020 $4,769 $114,650 $0 $0
2019 $4,815 $108,670 $0 $0
2018 $4,694 $103,300 $0 $0
2017 $4,678 $103,680 $0 $0
2016 $4,639 $97,130 $0 $0
2015 -- $88,230 $0 $0
2014 -- $77,590 $0 $0
2011 -- $71,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Targanski

    Seller's Agent in 2022

    Ron Targanski

    National Realty Centers, Inc

    (734) 459-4700

    2 in this area

    72 Total Sales

    Ron Targanski
    Section Image

  • T

    Buyer's Agent in 2022

    Timothy Haggerty

    Remerica Hometown One

    Section Image
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Map

Source: Realcomp

MLS Number: 2220037020

Realcomp

APN: 21-20-363-008

Michigan Oakland County South Lyon 48178

331 E Lake St, South Lyon, 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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