NOT LISTED FOR SALE

4187 Spring Meadow Dr Unit 25 Hamilton, MI 49419

Estimated Value: $395,600 - $459,000

2 Beds
1 Bath
1,070 Sq Ft
$401/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $170,250 $159 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $2,578/month

13 Days on Market

Highlights

  • Deck
  • 3 Car Attached Garage
  • Storm Windows
  • Porch
  • Eat-In Kitchen
  • Brick or Stone Mason

About This Home

As of May 2016

HUD Home – 2 Bedroom, Bi-Level home w/3 stall attached garage. Located in Hamilton School District in a quiet subdivi-sion. Kitchen w/microwave, stove, dishwasher & center island w/snack bar. Dining room w/slider to deck. Living room w/cathedral ceiling, ceiling fan & carpeted. Basement w/2 legal rooms that could be used as bedrooms and the rest studded w/wiring pulled & plumbed ready to be finished. Storage shed. Central Air. If home built before 1978 – include LBP Adden-dum. Disclosures: Individual condominium unit, Property is connected to well and septic systems. Any required well or sep-tic system repairs will be the buyer's expense, Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.FloodSmart.gov for additional information regarding flood zones and insurance, IE-FHA 203B with Repair Escrow financing availability is subject to buyer's appraisal. Seller does not guarantee or warrant that the property is free of visible or hidden structural defects, termite damage, lead based paint, or any other condition that may render the property uninhabitable or otherwise unusable. A final list of repairs, if applicable, will be determined by the lender and buyer's appraisal. The repair escrow amount is the financial responsibility of the purchaser. HUD will not provide a copy of the appraisal, which is obtained for marketing purposes only. If a purchaser is securing financing, their lender will take appropriate steps to determine if they must obtain an appraisal, including reviewing Mortgage Letter 2015-17. All appraisals obtained by the lender are at the purchaser's expense, and the purchaser must pay in cash the difference between the bid amount and the appraised value. Effective for all endorsements (including pipeline applications) on and after September 14, 2015, ML 2015-17 eliminates the use of the list price of the HUD REO property in determining the maximum mortgage amount.

Last Agent to Sell the Property

Curtis Carini

Carini & Associates Realtors License #6502113895 Listed on: 03/02/2016

Last Buyer's Agent

Jeffrey VanderKuyl

VanderKuyl Realty License #6504306267

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 2006

Lot Details

  • 1.04 Acre Lot
  • Shrub
  • Level Lot
  • Property is zoned R-2 LOW DEN RES, R-2 LOW DEN RES

HOA Fees

  • $19 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Brick or Stone Mason
  • Composition Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,070 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Window Screens
  • Living Room
  • Laminate Flooring
  • Storm Windows
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Shed
  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Phone Available

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,198

Year Built

Built in 2006

Lot Details

0

HOA Fees

$19 per month

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Bi-Level
  • Stories: 1
  • Year Built: 2006
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 456 X Irr
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1070.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2198.0
  • Tax Info:Zoning3: R-2 LOW DEN RES
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Windows:Insulated Windows: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • Substructure:Daylight: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:Condo Proj Name: Paradise Lake Estates
  • Windows:Storms: Yes
  • General Property Info:SqFt Above Grade: 1070.0
  • General Property Info Garage YN: Yes
  • Flooring:Laminate Floor: Yes
  • Architectural Style:Bi-Level: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: 5120
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range
  • Flooring: Laminate
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Daylight, Full
  • LivingArea: 1070.0
  • Window Features: Storms, Screens, Insulated Windows
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 1070.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Stone, Vinyl Siding
  • List Price: 165000.0
  • Lot Features: Level
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck, Porch(es)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Stone: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 225.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Info:Approx Assoc Fee2: 225.0
  • Association Info:Assoc Fee Payable: Annually

Lot Info

  • Lot Size Acres: 1.04
  • Lot Size Area: 1.04
  • Lot Dimensions: 456 X Irr
  • Lot Size Sq Ft: 45302.0
  • Zoning Description: R-2 LOW DEN RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2198.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 16, 2016
Sold by
Secretary Of Housing & Urban Development
Bought by
Mcgarry Jason
Seller's Agent
Curtis Carini
Carini & Associates Realtors
Buyer's Agent
Jeffrey VanderKuyl
VanderKuyl Realty
List Price
$165,000
Sold Price
$170,250
Premium/Discount to List
$5,250
3.18%
Current Estimated Value
$429,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,150
Avg. Annual Appreciation
10.32%
Original Mortgage
$175,064
Outstanding Balance
$139,044
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$290,356

Purchase Details

Closed on
Jul 2, 2015
Sold by
Flagstar Bank Fsb
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Dec 18, 2014
Sold by
Panicci Victor and Panicci Jennifer
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Jun 30, 2006
Sold by
Hoogewind Eric
Bought by
Panicci Victor and Panicci Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,560
Interest Rate
7.25%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 10, 2006
Sold by
Paradise Holdings Llc
Bought by
Hoogewind Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,875
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
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
Mcgarry Jason $170,250 Lighthouse Title
The Secretary Of Housing & Urban Develop -- None Available
Flagstar Bank Fsb $195,017 None Available
Panicci Victor $173,200 None Available
Hoogewind Eric $31,500 Chicago Title Of Michigan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgarry Jason $175,064
Previous Owner Panicci Victor $138,560
Previous Owner Panicci Victor $34,640
Previous Owner Hoogewind Eric $103,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $170,250 +3.2% $159 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $165,000 -- $154 / 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 $3,470 $154,500 $31,600 $122,900
2024 $2,910 $148,300 $30,600 $117,700
2023 $2,910 $138,300 $25,400 $112,900
2022 $2,910 $121,900 $19,800 $102,100
2021 $2,955 $112,000 $18,000 $94,000
2020 $2,955 $112,700 $15,900 $96,800
2019 $0 $109,100 $14,700 $94,400
2018 $0 $96,400 $15,600 $80,800
2017 $0 $90,000 $28,400 $61,600
2016 $0 $78,700 $16,100 $62,600
2015 -- $78,700 $16,100 $62,600
2014 -- $74,700 $13,800 $60,900
2013 -- $72,550 $13,800 $58,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16008450

Southwestern Michigan Association of REALTORS®

APN: 18-450-025-00