NOT LISTED FOR SALE

408 Michigan Ave Decatur, MI 49045

Estimated Value: $97,000 - $134,910

1 Bed
1 Bath
796 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $70,000 $88 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $698/month

19 Days on Market

Highlights

  • Farmhouse Style Home
  • Living Room
  • Window Unit Heating System
  • Window Unit Cooling System

About This Home

As of May 2022

MULTIPLE OFFERS RECEIVED, SELLER REQUESTS ALL HIGHEST AND BEST OFFERS BE SUBMITTED TO LISTING AGENT NOT LATER THAN THURSDAY, MARCH 17TH BY 9:00 AM. Home is located on a quiet street, offering 1.8 acres, a large pole barn, 2 additional outbuildings, nice size kitchen and living room. This home is close to many amenities in Decatur and is waiting for your personal touches to make it your own.

Last Agent to Sell the Property

Terrie Boven

RE/MAX of Kalamazoo License #6501218956 Listed on: 03/11/2022

RE/MAX of Kalamazoo

Last Buyer's Agent

Chad Vanderwall

Kalamazoo Commercial Real Estate License #6501408305

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $698

Year Built

  • Built in 1850

Lot Details

  • 1.8 Acre Lot
  • Lot Dimensions are 264 x 297

Parking

  • Unpaved Driveway

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 796 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$698

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1850
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 264 x 297
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 796.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 698.0
  • Roofing:Composition: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 796.0
  • General Property Info Garage YN: No
  • Architectural Style Farm House: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 796.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 140.0

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • List Price: 55000.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Other
  • Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Lot Info

  • Lot Size Acres: 1.8
  • Lot Size Area: 1.8
  • Lot Dimensions: 264 x 297
  • Lot Size Sq Ft: 78408.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 698.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 21, 2022
Sold by
Cascade Funding Mortgage Trust
Bought by
Haddock James M
Seller's Agent
Terrie Boven
RE/MAX of Kalamazoo
Buyer's Agent
Chad Vanderwall
Kalamazoo Commercial Real Estate
List Price
$55,000
Sold Price
$70,000
Premium/Discount to List
$15,000
27.27%
Current Estimated Value
$111,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,478
Avg. Annual Appreciation
12.83%
Original Mortgage
$54,000
Outstanding Balance
$51,234
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$53,541

Purchase Details

Closed on
Jul 22, 2021
Sold by
Hb2 Alternative Holdings Llc
Bought by
Cascade Funding Mortgage Trust Hb4

Purchase Details

Closed on
Jun 29, 2020
Sold by
Fannie Mae
Bought by
Hb2 Alternative Holdings Llc

Purchase Details

Closed on
Oct 10, 2019
Sold by
Shew Alice
Bought by
Fannie Mae and Federal National Mortgage Association
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
Haddock James M $70,000 Fidelity Land & Title
Cascade Funding Mortgage Trust Hb4 -- None Available
Hb2 Alternative Holdings Llc -- None Available
Fannie Mae $79,150 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haddock James M $54,000
Previous Owner Shew Alice $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $70,000 +27.3% $88 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $55,000 -- $69 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $1,243 $58,100 $0 $0
2024 $1,243 $46,600 $0 $0
2023 $1,686 $63,200 $0 $0
2022 $2,761 $50,500 $0 $0
2021 $1,029 $41,200 $16,300 $24,900
2020 $1,041 $37,300 $17,300 $20,000
2019 $970 $34,400 $34,400 $0
2018 $957 $33,600 $33,600 $0
2017 $932 $35,000 $0 $0
2016 $916 $27,000 $0 $0
2015 $558 $27,000 $0 $0
2014 $547 $22,200 $0 $0
2013 -- $23,200 $23,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22007762

Southwestern Michigan Association of REALTORS®

APN: 80-43-040-166-10