NOT LISTED FOR SALE

3881 Elizabeth Lake Rd Waterford, MI 48328

Waterford Township Neighborhood

Estimated Value: $50,074

0.17 Acre
$294,553 Price per Acre
7,405 Sq Ft Lot

Last Sold April 28, 2016

Last sale price $25,000

Est. 100% increase in value since last sale

Current estimated payment $306/month

116 Days on Market

About This Lot

As of April 2016

GREAT OPPORTUNITY. PRIME COMMERICAL LOCCATION. LARGE CORNER LOT WITH 73 FT. OF FRONTAGE ON HIGH TRAFFIC ELIZABETH LAKE ROAD. PERFECT LOCATION FOR RETAIL, OFFICE OR MEDICAL. POSSIBILITIES ARE WIDE OPEN.

Last Agent to Sell the Property

Tom Wilhelm

Wilhelm & Associates License #6501196948 Listed on: 12/14/2015

Last Buyer's Agent

Ernie Gavrilides

Real Estate One License #6501348603

Real Estate One

Property Details

Property Type

  • Land

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 73x100
  • Property is zoned Commercial, Office

Utilities

  • Sewer in Street

Community Details

  • Elizabeth Lake Estates No 5 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1326302016

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 12760.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Sewer at Street
  • Water Source: Water at Street

Lot Info

  • List Price per Acre: 234705.8824
  • Lot Size Area: 0.17
  • Lot Dimensions: 73X100
  • Parcel Number: 1326302016
  • Zoning: Commercial, Office

Tax Info

  • Tax Amount Summer: 511.0000
  • Tax Amount Winter: 180.0000
  • Total Tax: 691.0000

MLS Schools

  • School District: Waterford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2025
Sold by
Westervelt William L
Bought by
Westervelt Margaret E
Current Estimated Value
$50,074

Purchase Details

Closed on
Oct 26, 1999
Sold by
Feghali Joseph C
Bought by
Bancorp Group Inc

Purchase Details

Closed on
Jul 9, 1998
Sold by
Feghali Joseph C
Bought by
Zaia Neeran

Purchase Details

Closed on
Dec 30, 1994
Sold by
Zaia Neeran
Bought by
Hakim Venus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
9.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
Westervelt Margaret E -- None Listed On Document
Westervelt Margaret E -- None Listed On Document
Bancorp Group Inc $200,633 --
Zaia Neeran -- --
Hakim Venus $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hakim Venus $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2016 04/28/16 Sold $25,000 -37.3% --
04/08/2016 04/08/16 Pending -- -- --
12/14/2015 12/14/15 For Sale $39,900 -- --
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
2024 $509 $12,950 $0 $0
2023 $505 $12,950 $0 $0
2022 $718 $12,950 $0 $0
2021 $709 $12,950 $0 $0
2020 $512 $12,950 $0 $0
2019 $717 $12,950 $0 $0
2018 $724 $12,760 $0 $0
2017 $686 $12,760 $0 $0
2015 -- $12,760 $0 $0
2014 -- $12,760 $0 $0
2011 -- $15,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Wilhelm

    Seller's Agent in 2016

    Tom Wilhelm

    Wilhelm & Associates

    (248) 891-1000

    94 in this area

    182 Total Sales

    Tom Wilhelm
    Section Image
  • Ernie Gavrilides

    Buyer's Agent in 2016

    Ernie Gavrilides

    Real Estate One

    (248) 625-9500

    30 in this area

    80 Total Sales

    Ernie Gavrilides
    Section Image
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Map

Source: Realcomp

MLS Number: 215130662

Realcomp

APN: 13-26-302-016

Michigan Oakland County Waterford 48328 Waterford Township

3881 Elizabeth Lake Rd, Waterford, MI

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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