NOT LISTED FOR SALE

4050 Coolidge Hwy Troy, MI 48098

Estimated Value: $1,151,000 - $2,399,000

3.18 Acres
$531,469 Price per Acre
138,521 Sq Ft Lot

Last Sold January 30, 2019

Last sale price $900,000

Est. 88% increase in value since last sale

Current estimated payment $10,695/month

232 Days on Market

About This Lot

As of January 2019

Great parcel in the heart of Troy. Bemis Elementary, Boulan Park Middle School and Troy High school. Troy has a new green space ordinance that allows for higher density dependent upon the amount of non-developed greenspace (up to 20% increased density). The property is zoned R-1 (100 ft by 120 ft lots). All utilities are at the property. The property currently has a tenant (Great Lakes Church) that will occupy the property through April 2019. Troy Assessors office measured the property to be 318 ft X 461 ft (3.37 acres). A survey is suggested.

The church is approx. 5,400 sf with a sanctuary seating 150. The church has classrooms, fellowship hall, offices, kitchen and is fully air-conditioned. The church has a zero grade entrance. The parking lot holds 101 cars. The sanctuary could be easily increased to seat 200. The parking lot could support an enlarged sanctuary for 300.

Last Agent to Sell the Property

William Skubik

Odyssey Investments Inc License #6501232877 Listed on: 05/22/2018

Last Buyer's Agent

William Skubik

Odyssey Investments Inc License #RCO-6501232877

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,687

Lot Details

  • 3.18 Acre Lot
  • Lot Dimensions are 318x435

Listing and Financial Details

  • Assessor Parcel Number 2017351028

Property Details

Property Type

Land

Est. Annual Taxes

$23,687

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 10000.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Troy

Lot Info

  • Lot Size Area: 3.18
  • Lot Dimensions: 318X435
  • Parcel Number: 2017351028
  • Zoning: Residential

MLS Schools

  • School District: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2022
Sold by
Noor International Academy
Bought by
Noor International Academy
Current Estimated Value
$1,690,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$987,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2022
Sold by
Ams Coolidge Llc
Bought by
Noor International Academy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$987,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2021
Sold by
Great Lakes Church
Bought by
Ams Coolidge Llc

Purchase Details

Listed on
May 22, 2018
Closed on
Jan 30, 2019
Sold by
Fellowship United Methodist Church
Bought by
Great Lakes Church
Seller's Agent
William Skubik
Odyssey Investments Inc
Buyer's Agent
William Skubik
Odyssey Investments Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
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
Noor International Academy -- None Listed On Document
City Of Troy -- None Listed On Document
Noor International Academy -- First American Title
Noor International Academy -- First American Title
Ams Coolidge Llc -- First American Title
Great Lakes Church $900,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chabad Jewish Center Of Troy M $850,000
Previous Owner Noor International Academy $987,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2019 01/30/19 Sold $900,000 -18.2% --
01/09/2019 01/09/19 Pending -- -- --
05/22/2018 05/22/18 For Sale $1,100,000 -- --
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
2022 $23,687 $582,410 $0 $0
2015 $42,299 $0 $0 $0
2014 -- $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218045998

Realcomp

APN: 20-17-351-028