NOT LISTED FOR SALE

3392 N Peterson Rd Ludington, MI 49431

Estimated Value: $698,000

120 Acres
$5,817 Price per Acre
5,227,200 Sq Ft Lot

Last Sold May 28, 2024

Last sale price $600,000

Est. 16% increase in value since last sale

Current estimated payment $4,402/month

5 Days on Market

About This Lot

As of May 2024

Looking for that perfect farm or hunting property? Look no farther than this 120-acre parcel that features 50 acres of tillable land currently in production as well as acres of hardwoods. The topography on the north side of this property is surprising given the level ground in front and provides fantastic wildlife cover and corridors. Hardwoods including maple and cherry fill the northern portion of this parcel and the understory supports deer, bear, turkeys and more. Forester estimate of current maple value is $100,000. This acreage boasts a 1200 SF ranch home that could be revived by the right buyer as well as a handful of storage buildings. There's also a rustic hunting cabin on the property. Also includes 053-015-029-009-00. SHOWN BY APPOINTMENT ONLY. Buyer to verify all information.

Last Agent to Sell the Property

Brian Mulherin

CENTURY 21 Bayshore License #6506048919 Listed on: 05/02/2024

CENTURY 21 Bayshore

Last Buyer's Agent

Mark Hanna

M A Hanna Corp of Michigan

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,500

Lot Details

  • 120 Acre Lot
  • The property's road front is unimproved
  • Property is zoned Agricultural, Agricultural

Outdoor Features

  • Pole Barn
  • Shed

Utilities

  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$4,500

Lot Details

0

Listing Details

  • Property Sub-Type: Acreage
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: Irregular
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 4500.36
  • Tax Info:Zoning3: Agricultural
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • General Property Info:Property Sub-Type2: Acreage
  • Util Avail at Street:Telephone: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Outbuildings:Pole Barn: Yes
  • Outbuildings:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 660000.0
  • Road Surface Type: Unimproved
  • Waterfront: No

Utilities

  • Utilities: Phone Connected, Electric Connected, Phone Available, Electric Available, Cable Available

Condo/Co-op/Association

  • Association Amenities: Other

Lot Info

  • Current Use: Hunting, Agricultural
  • Lot Size Acres: 120.0
  • Lot Size Area: 120.0
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 5227200.0
  • Zoning Description: Agricultural
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4500.36
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
Wheeler Donna J
Bought by
Wheeler Gregg L and Wheeler Donna J
Current Estimated Value
$698,000

Purchase Details

Closed on
Mar 13, 2013
Sold by
Wheeler Donna J
Bought by
Wheeler Donna J and Wheeler Brett
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
Wheeler Gregg L -- None Listed On Document
Wheeler Donna J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coon Jonathan K $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2024 05/28/24 Sold $600,000 -9.1% --
05/07/2024 05/07/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $660,000 -- --
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 -- $121,400 $121,400 $0
2024 -- $160,600 $160,600 $0
2023 -- $126,600 $126,600 $0
2022 -- $121,300 $0 $0
2021 $0 $117,900 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Mulherin

    Seller's Agent in 2024

    Brian Mulherin

    CENTURY 21 Bayshore

    (231) 690-0872

    69 Total Sales

    Brian Mulherin
    Section Image

  • M

    Buyer's Agent in 2024

    Mark Hanna

    M A Hanna Corp of Michigan

    (989) 725-8006

    1 Total Sale

    Mark Hanna
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24021346

Southwestern Michigan Association of REALTORS®

APN: 015-029-008-00

Michigan Mason County Ludington 49431

3392 N Peterson Rd, Ludington, MI

This home is located at 3392 N Peterson Rd, Ludington, MI 49431 since 02 May 2024 and is currently estimated at $698,000. 3392 N Peterson Rd is a home located in Mason County with nearby schools including Scottville Elementary School, Mason County Central Upper Elementary School, and Mason County Central Middle School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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