NOT LISTED FOR SALE

3970 Covert Rd Waterford, MI 48328

Waterford Township Neighborhood

Estimated Value: $390,000 - $457,000

0.66 Acre
$620,302 Price per Acre
28,750 Sq Ft Lot

Last Sold July 08, 2016

Last sale price $365,000

Est. 12% increase in value since last sale

Current estimated payment $2,367/month

28 Days on Market

About This Lot

As of July 2016

Amazing parcel on Watkins Lake. Two separate lots combine to make .66 acres & premium lake frontage in Oakland County. Best view on the lake with hilltop setting and panoramic views of 232 acre private all-sport lake. Build your dream home on one-of-a-kind piece of property. Renderings attached propose possible build-out on existing home, already priced out and for approx $120,000 build this home and have the lakefront lot of your dreams! Plans available! 2016 taxes estimated.

Last Agent to Sell the Property

Randy Gates

Keller Williams Lakeside License #6501322216 Listed on: 05/10/2016

Keller Williams Lakeside

Last Buyer's Agent

Dana Cooper

Max Broock, REALTORS®-Birmingham License #6501371199

Max Broock, REALTORS®-Birmingham

Property Details

Property Type

  • Land

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 147.6x297x70x217
  • Lake Front

Property Views

  • Water Views

Community Details

Overview

  • Linnet Park Subdivision

Recreation

  • Water Sports

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 10.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Watkins Lake
  • Waterfront: Yes
  • Frontage Feet: 147
  • Road Frontage Type: Paved
  • Waterfront Description: Lake Front

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Waterford

Lot Info

  • List Price per Acre: 605909.0909
  • Lot Features: Water View, Possible Daylight, Possible Walkout
  • Lot Size Area: 0.66
  • Lot Dimensions: 147.6x297x70x217
  • Zoning: Residential
  • Survey: Yes

Tax Info

  • Tax Amount Summer: 6600.0000
  • Tax Amount Winter: 2627.0000
  • Total Tax: 9227.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Waterford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Labe Eric A and Labe Monica J
Bought by
Krausmann Luke M
Current Estimated Value
$409,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,075
Outstanding Balance
$511,713
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
-$102,314

Purchase Details

Listed on
May 10, 2016
Closed on
Jul 8, 2016
Sold by
Navarre Gordon A and Navarre Katie Marie
Bought by
Labe Eric A and Labe Monica J
Seller's Agent
Randy Gates
Keller Williams Lakeside
Buyer's Agent
Dana Cooper
Max Broock, REALTORS®-Birmingham
List Price
$435,000
Sold Price
$365,000
Premium/Discount to List
-$70,000
-16.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.24%

Purchase Details

Listed on
May 10, 2016
Closed on
Jul 5, 2016
Sold by
Kovachevich Kevin and Kovachevich Danielle
Bought by
Navarre Gordon A
Seller's Agent
Randy Gates
Keller Williams Lakeside
Buyer's Agent
Dana Cooper
Max Broock, REALTORS®-Birmingham
List Price
$435,000
Sold Price
$365,000
Premium/Discount to List
-$70,000
-16.09%

Purchase Details

Closed on
Mar 15, 2013
Sold by
Reid Mary Kathryn
Bought by
Kovachevich Kevin

Purchase Details

Closed on
Aug 27, 1999
Sold by
Jaskowski Joseph W and Jaskowski Felicia
Bought by
Reid Mary Kathryn

Purchase Details

Closed on
Aug 6, 1999
Sold by
Jaskowski Joseph W
Bought by
Jaskowski Joseph W
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
Krausmann Luke M $609,500 Capital Title
Krausmann Luke M $609,500 Capital Title
Labe Eric A -- First American Title Ins Co
Navarre Gordon A $265,000 First American Title Ins Co
Kovachevich Kevin $225,000 Bell Title Agency
Reid Mary Kathryn $422,500 First American Title
Jaskowski Joseph W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krausmann Luke M $518,075
Closed Krausmann Luke M $518,075
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2016 07/08/16 Sold $365,000 -16.1% --
06/07/2016 06/07/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $435,000 -- --
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
2024 $2,691 $150,550 $0 $0
2023 $4,681 $142,250 $0 $0
2022 $6,420 $136,280 $0 $0
2021 $6,088 $125,580 $0 $0
2020 $4,272 $114,670 $0 $0
2019 $5,925 $109,140 $0 $0
2018 $5,851 $116,050 $0 $0
2017 $6,268 $116,050 $0 $0
2016 $3,812 $111,770 $0 $0
2015 -- $105,040 $0 $0
2014 -- $101,760 $0 $0
2011 -- $97,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Gates

    Seller's Agent in 2016

    Randy Gates

    Keller Williams Lakeside

    (248) 431-4321

    22 in this area

    98 Total Sales

    Randy Gates
    Section Image
  • Dana Cooper

    Buyer's Agent in 2016

    Dana Cooper

    Max Broock, REALTORS®-Birmingham

    (248) 658-8030

    3 in this area

    366 Total Sales

    Dana Cooper
    Section Image
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Map

Source: Realcomp

MLS Number: 216045515

Realcomp

APN: 13-14-352-008

Michigan Oakland County Waterford 48328 Waterford Township

3970 Covert Rd, Waterford, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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