NOT LISTED FOR SALE

3467 Frains Lake Rd Ypsilanti, MI 48198

Estimated Value: $513,000 - $1,229,000

40 Acres
$20,691 Price per Acre
1,742,400 Sq Ft Lot

Last Sold June 20, 2014

Last sale price $1,000,000

Est. 17% decrease in value since last sale

Current estimated payment $4,906/month

687 Days on Market

Highlights

  • Home fronts a pond
  • 40 Acre Lot
  • Corner Lot
  • Thurston Elementary School Rated A
  • Pole Barn

About This Lot

As of June 2014

40 total acres 3parcels j-10-16-200-010 &011 &012.Property is bordered by 3 roads. M153,Frains Lake and Old Ford Rd. Perfect for development. Parcels contain a home, garage and pole barns. All being sold as is. Any local or state requirements on well and septic systems are the responsibility of the purchasers. Pond and drainage ditches are on the property owner makes no warranties as to water quality. Property is sold "As Is"See attached Survey. All showing must contact Listing Agent. Poss. LC

Last Agent to Sell the Property

Jerry Vorva

Professional One Real Estate License #6501239574 Listed on: 07/31/2012

Last Buyer's Agent

Walter Menard

Walter Menard, REALTORS License #RCO-6504115008

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 40 Acre Lot
  • Home fronts a pond
  • Corner Lot
  • Irregular Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Property is zoned Agricultural

Outdoor Features

  • Pole Barn
  • Shed

Listing and Financial Details

  • Assessor Parcel Number J01016200010

Property Details

Property Type

Land

Est. Annual Taxes

$2,087

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Gravel, Paved
  • Sideof Street: W
  • Waterfront Description: Pond

Utilities

  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Lot Info

  • List Price per Acre: 44975.0000
  • Lot Features: Corner Lot, Irregular, Splits Available
  • Lot Size Area: 40.00
  • Lot Dimensions: 40 ACRES TOTAL
  • Parcel Number: J01016200010
  • Percent Tillable: 75
  • Percent Wooded: 5
  • Soil Type: UNK
  • Zoning: Agricultural, Residential
  • Irrigation: Yes
  • Mineral Rights: Yes
  • Survey: Yes

Tax Info

  • Tax Amount Summer: 1429.0000
  • Tax Amount Winter: 658.0000
  • Total Tax: 2087.0000

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2012
Closed on
Apr 22, 2014
Sold by
Medley Gregory P and Medley Nancy J
Bought by
Peygav Properties Llc
Seller's Agent
Jerry Vorva
Professional One Real Estate
Buyer's Agent
Walter Menard
Walter Menard, REALTORS
List Price
$1,799,000
Sold Price
$1,000,000
Premium/Discount to List
-$799,000
-44.41%
Current Estimated Value
$827,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,366
Avg. Annual Appreciation
-1.65%
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
Peygav Properties Llc $500,000 1St Security Title Agency In
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2014 06/20/14 Sold $1,000,000 -44.4% --
06/18/2014 06/18/14 Pending -- -- --
07/31/2012 07/31/12 For Sale $1,799,000 -- --
Source: Realcomp

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 $6,627 $132,500 $0 $0
2024 $4,162 $125,100 $0 $0
2023 $3,992 $119,800 $0 $0
2022 $6,415 $118,600 $0 $0
2021 $6,227 $119,000 $0 $0
2020 $6,149 $115,300 $0 $0
2019 $5,827 $108,700 $108,700 $0
2018 $5,644 $107,100 $67,500 $39,600
2017 $5,525 $107,300 $0 $0
2016 $3,407 $106,700 $0 $0
2015 $2,284 $109,200 $0 $0
2014 $2,284 $63,279 $0 $0
2013 -- $63,279 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jerry Vorva

    Professional One Real Estate

    Section Image
  • Walter Menard

    Buyer's Agent in 2014

    Walter Menard

    Walter Menard, REALTORS

    (734) 223-7201

    11 Total Sales

    Walter Menard
    Section Image
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Map

Source: Realcomp

MLS Number: 212079904

Realcomp

APN: 10-16-200-010

Michigan Washtenaw County Ypsilanti 48198

3467 Frains Lake Rd, Ypsilanti, MI

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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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