NOT LISTED FOR SALE

3812 Stub Rd Reading, MI 49274

Estimated Value: $197,000 - $654,910

4 Beds
3.5 Baths
2,288 Sq Ft
$185/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $157,000 $69 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $2,545/month

13 Days on Market

Highlights

  • Private Waterfront
  • 22 Acre Lot
  • Attached Garage
  • Public Water Access
  • Pole Barn
  • Living Room

About This Home

As of August 2012

Lakefront on Bear Lake on over 22 acres w/ great views of woods & water. Home needs substantial interior work & finishing, roof shingles are bad. 2 large deck areas and w/o basement partially finished. 2 car att. garage plus a 30x45 pole barn garage. Deck/dock down at the water. Nice rolling property to the lake, shared easement driveway to property. This property is being sold AS-IS/WHERE-IS and the seller will not make nor pay for any inspections or repairs of any kind. All property information is to be considered approximate and not warranted. Freddie Mac First Look through 6/21/12 for owner occupied purchases. Investor offers from 6/22/12 forward. EMD to be made payable to Warranty Title Agency in the form of a cashiers check. Possession prior to closing is strictly prohibited a

Last Listed By

John Blashfield

Diehl Realty, Inc. Listed on: 06/07/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1993

Lot Details

  • 22 Acre Lot
  • Private Waterfront
  • The property's road front is unimproved

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,288 Sq Ft Home
  • Living Room
  • Dining Area
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Public Water Access
  • Pole Barn

Utilities

  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,377

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1993
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Walk Out
  • LivingArea: 2288.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 167000.0
  • Other Structures: Pole Barn
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Water Body Name: Bear Lake
  • Waterfront Features: Private Frontage, Public Access 1 Mile or Less
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage: Yes

Utilities

  • Sewer: Septic System
  • Water Source: Well

Lot Info

  • Lot Size Acres: 22.0
  • Lot Size Area: 22.0
  • Lot Size Sq Ft: 958320.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2012
Closed on
Aug 10, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bible Shannon M
Seller's Agent
John Blashfield
Diehl Realty, Inc.
Buyer's Agent
Marilyn Ostrander
Southern Marsh Realty
List Price
$167,000
Sold Price
$157,000
Premium/Discount to List
-$10,000
-5.99%
Total Days on Market
13
Current Estimated Value
$423,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,303
Avg. Annual Appreciation
8.50%
Original Mortgage
$200,000
Interest Rate
3.54%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 1, 2011
Sold by
Reisser Alan and Reisser Elizabeth
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 24, 2007
Sold by
Holmes Richard M and Holmes Mary Christine
Bought by
Reisser Alan and Reisser Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 31, 2006
Sold by
Frobel David C and Frobel Janet A
Bought by
Reisser Alan and Reisser Elizabeth

Purchase Details

Closed on
Oct 12, 1990
Sold by
Rucki Timothy A and Rucki Norma J
Bought by
Holmes Richard M and Holmes Mary C

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
Reisser Alan -- The Talon Group
Reisser Alan $30,000 None Available
Holmes Richard M $66,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bible Shannon M $412,250
Closed Bible Shannon M $200,000
Previous Owner Reisser Alan $25,000
Previous Owner Reisser Alan $238,500
Previous Owner Reisser Alan $25,000
Previous Owner Reisser Alan $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2012 08/10/12 Sold $157,000 -6.0% $69 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
06/07/2012 06/07/12 For Sale $167,000 -- $73 / Sq Ft
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
2024 $2,377 $329,200 $0 $0
2023 $2,265 $301,300 $0 $0
2022 $4,959 $266,000 $0 $0
2021 $4,822 $230,500 $0 $0
2020 $4,889 $230,700 $0 $0
2019 $4,552 $229,500 $0 $0
2018 $4,413 $229,400 $0 $0
2017 $4,185 $229,200 $0 $0
2016 $4,149 $224,650 $0 $0
2015 $1,926 $224,650 $0 $0
2013 $1,866 $170,350 $0 $0
2012 $1,663 $169,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12031925

Southwestern Michigan Association of REALTORS®

APN: 11-017-100-013-17-7-3