NOT LISTED FOR SALE

4050 Velma Dr Fort Gratiot, MI 48059

Estimated Value: $203,152 - $232,000

3 Beds
1 Bath
1,232 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 19, 2012

Last sale price $70,000 $57 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $1,230/month

27 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Forced Air Heating System
  • No HOA

About This Home

As of March 2012

NEWER RANCH LOCATED IN FORT GRATIOT TOWNSHIP WITH A FULL BASEMENT!!! THIS HOME HAS APPROXIMATELY 1200+ SQ. FT, GREAT ROOM WITH VAULTED CEILING, KITCHEN, DINING AREA WITH DOORWALL, 3 BEDROOMS 1 FULL BATH, 2 CAR ATTACHED GARAGE & FULL BASEMENT. GREAT LOCATION WITH EASY ACCESS TO SHOPPING, SCHOOLS, PARKS & EXPRESSWAY. THIS IS A FANNIE MAE HOMEPATH PROPERTY AND CAN BE PURCHASE WITH AS LITTLE AS 3% DOWN THROUGH HOMEPATH MORTGAGE AND HOMEPATH RENOVATION

Last Agent to Sell the Property

Tim Kearns

Kearns Real Estate Agency License #6501177536 Listed on: 01/05/2012

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 98x132
  • Property fronts a private road

Parking

  • 2 Car Attached Garage

Home Design

  • 1,232 Sq Ft Home
  • Ranch Style House
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 74200224009400

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,237

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: YES
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 1232
  • Total Sq Ft: 1232

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Frontage Feet: 98
  • Road Frontage Type: Gravel, Private

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Port Huron

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 98X132
  • Parcel Number: 74200224009400

Tax Info

  • Tax Amount Summer: 737.0000
  • Tax Amount Winter: 500.0000
  • Total Tax: 1237.0000

MLS Schools

  • School District: Port Huron

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2012
Closed on
Mar 16, 2012
Sold by
Fannie Mae
Bought by
Young Lisa M
Seller's Agent
Tim Kearns
Kearns Real Estate Agency
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Current Estimated Value
$213,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,288
Avg. Annual Appreciation
8.68%
Original Mortgage
$66,500
Outstanding Balance
$46,195
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$168,422

Purchase Details

Closed on
Jan 20, 2011
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 13, 2011
Sold by
Wade Terry L and Knox James A
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 10, 2005
Sold by
M A Smith Inc
Bought by
Wade Terry L and Knox Danielle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,900
Interest Rate
6.74%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Young Lisa M $70,000 Attorneys Title Agency Llc
Federal National Mortgage Association -- None Available
Wells Fargo Bank Na $69,300 None Available
Wade Terry L $144,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Lisa M $66,500
Previous Owner Wade Terry L $149,000
Previous Owner Wade Terry L $144,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2012 03/19/12 Sold $70,000 0.0% $57 / Sq Ft
03/19/2012 03/19/12 Sold $70,000 -12.4% $57 / Sq Ft
02/01/2012 02/01/12 Pending -- -- --
02/01/2012 02/01/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $79,900 -13.8% $65 / Sq Ft
10/17/2011 10/17/11 For Sale $92,650 -- $75 / 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
2025 $842 $82,700 $0 $0
2024 $842 $86,600 $0 $0
2023 $777 $81,300 $0 $0
2022 $1,476 $76,200 $0 $0
2021 $1,407 $68,500 $0 $0
2020 $1,407 $59,000 $59,000 $0
2019 $1,348 $46,100 $0 $0
2018 $1,359 $47,400 $0 $0
2016 $638 $52,200 $0 $0
2015 -- $43,600 $43,600 $0
2014 -- $35,900 $35,900 $0
2013 -- $36,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Kearns

    Seller's Agent in 2012

    Tim Kearns

    Kearns Real Estate Agency

    (810) 987-3330

    13 in this area

    90 Total Sales

    Tim Kearns
    Section Image

  • N

    Buyer's Agent in 2012

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2012

    Unidentified Agent

    Unidentified Office

  • R

    Buyer's Agent in 2012

    Raschelle Goff

    Real Estate One

    Section Image
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Map

Source: Realcomp

MLS Number: 212001801

Realcomp

APN: 20-022-4009-400

Michigan St. Clair County Fort Gratiot 48059

4050 Velma Dr, Fort Gratiot, MI

This home is located at 4050 Velma Dr, Fort Gratiot, MI 48059 since 05 January 2012 and is currently estimated at $213,288, approximately $173 per square foot. This property was built in 2004. 4050 Velma Dr is a home located in St. Clair County with nearby schools including Garfield Elementary School, Fort Gratiot Middle School, and Port Huron Northern High School.

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

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