NOT LISTED FOR SALE

40846 Colony Dr Sterling Heights, MI 48313

Estimated Value: $284,000 - $316,000

3 Beds
1 Bath
2,494 Sq Ft
$122/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $280,000 $112 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,034/month

13 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2023

Darling Ranch home in Utica School District. 3 Beds and 1 1/2 bath. Starting with front porch that was freshly painted walking into the foyer all new flooring throughout the home. freshly painted, all new appliances that stay with the home, new closet mirror sliding doors, new countertops, cabinets, double sink full bathroom with shower, crown molding, and ceiling fans to name a few. Updated finished basement with second kitchen, bathroom, new flooring and entertainment bar. Going out to the backyard that is well maintainied with detached 2 1/2 car garage with fenced in yard. Added bonus home is near the schools. Nothing to do than move right in.

Last Agent to Sell the Property

Iolanda Giglio

Realty Executives Home Towne Shelby License #MISPE-6501397501 Listed on: 09/08/2023

Realty Executives Home Towne Shelby

Last Buyer's Agent

Michelle Schroeder

Realty Executives Home Towne License #MISPE-6501444472

Realty Executives Home Towne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1967

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Great Room with Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Princeton Estates Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10-10-15-126-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,562

Year Built

Built in 1967

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: 2562
  • Year Built: 1967
  • Mail City: Sterling Heights
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplaces: Grt Rm Fireplace
  • Basement: Yes
  • Basement: Finished, Poured
  • Bedrooms: 3
  • Bedroom 1: On Main Floor, Dimensions: 13 x 11
  • Bedroom 2: On Main Floor, Dimensions: 13 x 10
  • Bedroom 3: On Main Floor, Dimensions: 9 x 9
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Bathroom 1: On Level: Main
  • Family Room: On Main Floor, Dimensions: 16 x 11
  • Kitchen: On Main Floor, Dimensions: 14 x 11
  • Living Room: On Main Floor, Dimensions: 13 x 13
  • Below Grade Sq Ft: 1294
  • Finished Below Grade Sq Ft: 1200
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1294
  • Total Finished Sq Ft: 2494

Exterior Features

  • Exterior: Brick
  • Foundation: Basement
  • Frontage: 60
  • Road: Paved Street

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 10-10-15-126-004
  • Zoning: Residential
  • Lot Dimensions: 60x120
  • Acreage: 0.17
  • Geo Subdivision: MI
  • Site/Lot Features: Subdivision

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,341.00
  • Winter Tax: Year: 2022, Amount: $221.00
  • Total Tax: Amount: $2,562.00

MLS Schools

  • School District: Utica Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 5, 2023
Sold by
Omar Abdel
Bought by
Velk Daniel and Velk Melissa
Seller's Agent
Iolanda Giglio
Realty Executives Home Towne Shelby
Buyer's Agent
Michelle Schroeder
Realty Executives Home Towne
List Price
$289,000
Sold Price
$280,000
Premium/Discount to List
-$9,000
-3.11%
Views
196
Current Estimated Value
$294,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,945
Avg. Annual Appreciation
3.62%
Original Mortgage
$277,200
Outstanding Balance
$273,037
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$25,907

Purchase Details

Closed on
Aug 3, 2007
Sold by
Luna Sandra D and Luna John C
Bought by
Wells Fargo Bank Na and Mlmi Trust Series 2005-He2
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
Velk Daniel $280,000 Vanguard Title
Wells Fargo Bank Na $105,565 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velk Daniel $277,200
Previous Owner Pidsosny Donald R $119,951
Previous Owner Pidsosny Donald R $129,960
Previous Owner Luna John C $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $280,000 -3.1% $112 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $289,000 -- $116 / 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 $5,030 $138,200 $0 $0
2024 $4,600 $130,900 $0 $0
2023 $2,458 $118,000 $0 $0
2022 $2,562 $106,600 $0 $0
2021 $2,509 $100,200 $0 $0
2020 $2,238 $95,200 $0 $0
2019 $2,140 $88,900 $0 $0
2018 $2,319 $81,600 $0 $0
2017 $2,215 $78,000 $13,500 $64,500
2016 $2,140 $78,000 $0 $0
2015 -- $73,000 $0 $0
2014 -- $59,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50121366

Michigan Multiple Listing Service

APN: 10-10-15-126-004