NOT LISTED FOR SALE

40550 Colony Dr Sterling Heights, MI 48313

Estimated Value: $251,000 - $309,000

3 Beds
1 Bath
1,630 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $207,500 $127 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,922/month

166 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • 2 Car Detached Garage
  • Ranch Style House
  • Fenced Yard
  • Porch

About This Home

As of March 2023

Multiple Offer Deadline expires on 1/18/2023 @ 11:59 pm. This is a Fannie Mae Owned HECM Property. 3 bedroom brick ranch offering living room, full basement and 2 car detached garage. Kitchen w/white wood cabinets and ceramic tile floor. Hardwood floors in living room, hall & 3 bedrooms. Doorwall to covered rear patio. Partially finished basement w/rec room & half bath. Oversized 2 car detached garage.

Last Agent to Sell the Property

Kenneth Ritter

Real Estate One Clinton License #MISPE-6506036671 Listed on: 08/11/2022

Real Estate One Clinton

Last Buyer's Agent

Vincent Tanner

RE/MAX Eclipse License #MISPE-6501401097

RE/MAX Eclipse

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1966

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Fenced Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Ceiling Fan
  • Family Room
  • Living Room
  • Recreation Room
  • Eat-In Kitchen
  • Partially Finished Basement

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • Princeton Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10-10-15-129-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,546

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 2545.8
  • Total Tax Year: 2022
  • Year Built: 1966
  • Mail City: Sterling Heights
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Ceramic Floors, Hardwood Floors
  • Basement: Yes
  • Basement: Partially Finished, Poured
  • Bedrooms: 3
  • Bedroom 1: On Entry Level, Dimensions: 11 x 11
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On Entry Level, Dimensions: 12 x 8
  • Bedroom 2 Floor Covering: Wood
  • Bedroom 3: On Entry Level, Dimensions: 9 x 9
  • Bedroom 3 Floor Covering: Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 11 x 5, On Level: Entry, Flooring: Ceramic
  • Room Types: Family Room, First Floor Bedroom, First Flr Primary Bedroom, Living Room, Recreation Room, Basement Lavatory, First Flr Full Bathroom, Eat-In Kitchen
  • Family Room: On Entry Level, Dimensions: 17 x 11
  • Family Room Floor Covering: Carpet
  • Kitchen: On Entry Level, Dimensions: 14 x 13
  • Kitchen Floor Covering: Ceramic
  • Living Room: On Entry Level, Dimensions: 16 x 12
  • Living Room Floor Covering: Wood
  • Below Grade Sq Ft: 1014
  • Finished Below Grade Sq Ft: 400
  • Above Grade Finished Sq Ft: 1230
  • Total Finished Sq Ft: 1630

Exterior Features

  • Exterior: Aluminum, Brick
  • Exterior Features: Fenced Yard, Patio, Porch, Sidewalks
  • Foundation: Basement
  • Frontage: 60
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Parking: Garage
  • Garage: Yes

Utilities

  • Heating: Wall Heat, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 10-10-15-129-019
  • Zoning: Residential
  • Lot Dimensions: 60x120
  • Acreage: 0.16
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,348.60
  • Winter Tax: Year: 2022, Amount: $197.20
  • Taxable Value: 59862
  • Total Tax: Year: 2022, Amount: $2,545.80
  • SEV Year: 2022

MLS Schools

  • School District: Utica Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Mar 24, 2023
Sold by
Federal National Mortgage Association
Bought by
Cohen Samuel
Seller's Agent
Kenneth Ritter
Real Estate One Clinton
Buyer's Agent
Vincent Tanner
RE/MAX Eclipse
List Price
$227,000
Sold Price
$207,500
Premium/Discount to List
-$19,500
-8.59%
Views
175
Current Estimated Value
$281,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,335
Avg. Annual Appreciation
11.26%
Original Mortgage
$212,685
Outstanding Balance
$206,925
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$61,731

Purchase Details

Closed on
Aug 30, 2021
Sold by
Bushey Annette M and Wells Fargo Bank Na
Bought by
Fannie Mae and Federal National Mortgage Association
Source: Public Records

Range of Values:

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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
Cohen Samuel $207,500 First Title
Fannie Mae $155,794 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Samuel $212,685
Previous Owner Bushey Annette M $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $207,500 +6.5% $127 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
12/02/2022 12/02/22 Price Changed $194,750 -5.0% $119 / Sq Ft
10/28/2022 10/28/22 Price Changed $205,000 -4.9% $126 / Sq Ft
10/10/2022 10/10/22 Price Changed $215,650 -5.0% $132 / Sq Ft
08/11/2022 08/11/22 For Sale $227,000 -- $139 / Sq Ft
Source: Michigan Multiple Listing Service

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 $4,631 $133,300 $0 $0
2024 $4,234 $120,500 $0 $0
2023 $2,189 $109,100 $0 $0
2022 $2,546 $98,600 $0 $0
2021 $2,730 $91,500 $0 $0
2020 $2,358 $86,800 $0 $0
2019 $2,352 $80,800 $0 $0
2018 $2,250 $72,400 $0 $0
2017 $1,973 $69,300 $13,500 $55,800
2016 $2,352 $69,300 $0 $0
2015 -- $64,900 $0 $0
2014 -- $53,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Ritter

    Seller's Agent in 2023

    Kenneth Ritter

    Real Estate One Clinton

    (586) 854-6114

    8 in this area

    62 Total Sales

    Kenneth Ritter
    Section Image
  • Vincent Tanner

    Buyer's Agent in 2023

    Vincent Tanner

    RE/MAX

    (586) 883-4006

    7 in this area

    67 Total Sales

    Vincent Tanner
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50086322

Michigan Multiple Listing Service

APN: 10-10-15-129-019

Michigan Macomb County Sterling Heights 48313

40550 Colony Dr, Sterling Heights, MI

This home is located at 40550 Colony Dr, Sterling Heights, MI 48313 since 11 August 2022 and is currently estimated at $281,835, approximately $172 per square foot. This property was built in 1966. 40550 Colony Dr is a home located in Macomb County with nearby schools including Schwarzkoff Elementary School, Davis Junior High School, and Adlai Stevenson 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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