NOT LISTED FOR SALE

397 University Ave South Lyon, MI 48178

Estimated Value: $302,000 - $363,351

3 Beds
2 Baths
1,313 Sq Ft
$251/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $198,000 $151 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,220/month

3 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • 2 Car Detached Garage
  • Sayre Elementary School Rated A-
  • No HOA
  • Porch

About This Home

As of February 2017

REMODELED Ranch within walking distance to downtown South Lyon. Nestled on a cul-de-sac setting w/ matured pine trees, this home offers a fenced yard, detached garage, private deck, & a brand new roof and vinyl siding (2016). Handscraped saddle hickory laminated flooring stretches thru out most of the entry level. The 2015 remodel modernizes former traditional plan by opening the kitchen to the dining and living rooms. The spacious kitchen features new counter tops, custom island with snack bar seating, walk-in pantry, and beautiful Edison chandelier & pendant lighting. The living room offers huge picture window and built-in entertainment center for housing cable, streaming, and Blue-ray devices. The updated entry level bath has tile flooring, large linen closet, & convenient shower/tub. The finished lower level offers a family room, rec room / storage space, full bath with shower, & over-sized laundry area. Please exclude TVs and TV mounts, washer, dryer, freezer, and all curtains.

Last Agent to Sell the Property

Janis Gurski

RE/MAX Home Sale Services License #6501224369 Listed on: 12/09/2016

Last Buyer's Agent

Sarah Myszkier

Mutual Realty, LLC License #RCO-6501379705

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1979 | Remodeled in 2015

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 40 x 118 x 114 x 107
  • Fenced

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,313 Sq Ft Home
  • Ceiling Fan
  • Finished Basement
  • Sump Pump

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Meadow Valley Sub No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2130405012
  • $5,940 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,560

Year Built

Built in 1979 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1979
  • Year Renovated: 2015
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier, Water Softener (owned)
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Range/Stove
  • Sq Ft Combined: 2581
  • Sq Ft Lower Floor: 1268
  • Total Sq Ft: 1313
  • Sq Ft Total Bsmt: 1313

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Construction Features: Platted Sub.
  • Exclusions: Yes
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: South Lyon

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1026315.7895
  • Lot Size Area: 0.19
  • Lot Dimensions: 40 x 118 x 114 x 107
  • Parcel Number: 2130405012

Tax Info

  • Tax Amount Summer: 2513.0000
  • Tax Amount Winter: 47.0000
  • Total Tax: 2560.0000

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2016
Closed on
Feb 24, 2017
Sold by
Cody B Sherrill
Bought by
Rink Brian and Rink Jacquelyn
Seller's Agent
Janis Gurski
RE/MAX Home Sale Services
Buyer's Agent
Sarah Myszkier
Mutual Realty, LLC
List Price
$195,000
Sold Price
$198,000
Premium/Discount to List
$3,000
1.54%
Current Estimated Value
$330,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,088
Avg. Annual Appreciation
6.67%
Original Mortgage
$192,060
Interest Rate
4.16%

Purchase Details

Closed on
Sep 28, 2011
Sold by
Dailey William A and Dailey Pamela
Bought by
Sherrill Cody B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,084
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 1999
Sold by
Gootee Timothy P
Bought by
Dailey William A
Source: Public Records

Range of Values:

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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
Rink Brian -- --
Sherrill Cody B $115,000 Hometown One Title Agency L
Dailey William A $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rink Brian T $93,000
Open Rink Brian T $185,100
Closed Rink Brian T $186,751
Closed Rink Brian T $188,252
Closed Rink Brian T $190,786
Closed Rink Brian $192,060
Closed Rink Brian --
Closed Rink Brian T $192,060
Previous Owner Sherrill Cody B $112,084
Previous Owner Dailey William A $151,880
Previous Owner Dailey William A $155,000
Previous Owner Dailey William A $15,500
Closed Dailey William A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2017 02/17/17 Sold $198,000 +1.5% $151 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $195,000 -- $149 / Sq Ft
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 $4,760 $144,850 $0 $0
2023 $4,467 $132,280 $0 $0
2022 $4,325 $122,750 $0 $0
2021 $4,110 $118,950 $0 $0
2020 $3,981 $113,850 $0 $0
2019 $4,070 $104,420 $0 $0
2018 $3,965 $97,530 $0 $0
2017 $2,613 $94,360 $0 $0
2016 $2,590 $89,900 $0 $0
2015 -- $77,650 $0 $0
2014 -- $65,170 $0 $0
2011 -- $65,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Janis Gurski

    RE/MAX

    Section Image
  • Sarah Myszkier

    Buyer's Agent in 2017

    Sarah Myszkier

    Mutual Realty, LLC

    (734) 469-8675

    189 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 216115886

Realcomp

APN: 21-30-405-012

Michigan Oakland County South Lyon 48178

397 University Ave, South Lyon, MI

This home is located at 397 University Ave, South Lyon, MI 48178 since 09 December 2016 and is currently estimated at $330,088, approximately $251 per square foot. This property was built in 1979. 397 University Ave is a home located in Oakland County with nearby schools including Sayre Elementary School, Centennial Middle School, and South Lyon High 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.

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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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