NOT LISTED FOR SALE

4591 Lake Pines Ln Berrien Springs, MI 49103

Estimated Value: $1,196,790 - $1,555,000

5 Beds
4.5 Baths
6,901 Sq Ft
$193/Sq Ft Est. Value

Last Sold December 15, 2014

Last sale price $650,000 $94 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $8,317/month

150 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Waterfall on Lot
  • Berrien Springs High School Rated A-
  • Docks
  • Deck

About This Home

As of December 2014

A rare foreclosed opportunity! This is a one of a kind, exquisite, custom built home on Lake Chapin. Once was beautifully landscaped acreage, now needing up keep, is featuring a cascading waterfall and multiple ponds as you make your way to 200' of private shoreline on Lake Chapin with no steps to the water. Your private frontage is lined with boulders, cut stone steps and parallel dock extends into the lake. Paved drive also to Lake frontage. This home features three finished levels above grade and a fully finished walkout. There are bedrooms and baths on every level, including many living spaces an dens. All materials and workmanship are of the finest grade. Home is heated and cooled with a Water Furnace. Detached garage, office, play room, has forced central heat/ac. Also has hot and c ld running water with a half bath. Information should be verified by purchaser and or licensed inspector's. Listing broker makes no warranties or claims as to property condition.

Last Agent to Sell the Property

Paul Dumke

Vision Real Estate Lakeshore License #6502372552 Listed on: 07/15/2014

Last Buyer's Agent

Arthur Attila

ERA Reardon Realty License #6502136387

ERA Reardon Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,150

Year Built

  • Built in 2005

Lot Details

  • 3.44 Acre Lot
  • Lot Dimensions are 200 x 750
  • Private Waterfront
  • 200 Feet of Waterfront
  • Property fronts a private road
  • Decorative Fence
  • Shrub
  • Terraced Lot
  • Sprinkler System
  • Wooded Lot
  • Garden

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick or Stone Mason
  • Composition Roof
  • Stone

Interior Spaces

  • 6,901 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Low Emissivity Windows
  • Insulated Windows
  • Garden Windows
  • Living Room
  • Dining Area
  • Recreation Room
  • Ceramic Tile Flooring
  • Water Views
  • Home Security System
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Pond
  • Deck
  • Patio
  • Waterfall on Lot
  • Shed
  • Storage Shed
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic System
  • Phone Available

Listing and Financial Details

  • REO, home is currently bank or lender owned

Community Details

Recreation

  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,150

Year Built

Built in 2005

Lot Details

0

HOA Fees

$21 per month

Parking

4

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Stories: 3
  • Year Built: 2005
  • ResoPropertyType: Residential
  • Architectural Style:Contemporary: Yes
  • Security Features:Security System: Yes
  • Special Features: 5120
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Center Island, Pantry
  • Fireplace: No
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Basement: Full, Walk-Out Access
  • LivingArea: 6901.0
  • Window Features: Low-Emissivity Windows, Insulated Windows, Garden Window
  • Kitchen Features:Breakfast Nook: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Garden Window: Yes

Exterior Features

  • Construction Materials: Stone
  • List Price: 799900.0
  • Lot Features: Recreational, Wooded, Rolling Hills
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck, Patio, Porch(es)
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Lake Chapin
  • Waterfront Features: Lake, River
  • Waterfront: Yes
  • Driveway Paved: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage: Yes
  • Parking Features: Detached, Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Heat Pump
  • Heating: Yes
  • Security Features: Security System
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 250.0
  • Association Info:Assoc Buy in Fee: 0
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Deeded Access: Yes
  • Association Info:Assoc Fee Payable: Annually
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:Dock: Yes

Lot Info

  • Lot Size Acres: 3.44
  • Lot Size Area: 3.44
  • Lot Dimensions: 200 x 750
  • Lot Size Sq Ft: 149846.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8150.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2014
Closed on
Dec 12, 2014
Sold by
United Federal Credit Union
Bought by
Passick Noland and Passic Tiffany
Seller's Agent
Paul Dumke
Vision Real Estate Lakeshore
Buyer's Agent
Arthur Attila
ERA Reardon Realty
List Price
$825,000
Sold Price
$650,000
Premium/Discount to List
-$175,000
-21.21%
Total Days on Market
150
Current Estimated Value
$1,332,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$682,698
Avg. Annual Appreciation
7.08%
Original Mortgage
$520,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2013
Sold by
Steinkraus Gerald C and Steinkraus Sharon
Bought by
United Federal Credit Union
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
Passick Noland $650,000 Multiple
United Federal Credit Union $960,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Passick Noland $330,000
Closed Passick Noland $466,000
Closed Passick Noland $466,000
Closed Passick Noland $150,000
Closed Passick Noland $15,000
Closed Passick Noland $520,000
Previous Owner J & S Coatings Inc $149,116
Previous Owner Steinkraus Gerald C $1,522,000
Previous Owner Steinkraus Gerald C $250,000
Previous Owner Steinkraus Gerald C $1,350,000
Previous Owner Steinkraus Gerald C $900,000
Previous Owner Steinkraus Gerald C $500,000
Previous Owner Steinkraus Gerald C $394,000
Previous Owner Steinkraus Gerald C $750,000
Previous Owner Steinkraus Gerald C $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2014 12/15/14 Sold $650,000 -21.2% $94 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $825,000 -- $120 / 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 $10,130 $658,900 $0 $0
2024 $8,411 $646,300 $0 $0
2023 $8,099 $579,500 $0 $0
2022 $7,965 $442,500 $0 $0
2021 $8,889 $409,700 $65,000 $344,700
2020 $8,768 $415,000 $0 $0
2019 $8,607 $364,900 $57,200 $307,700
2018 $7,158 $364,900 $0 $0
2017 $7,419 $354,500 $0 $0
2016 $7,532 $369,800 $0 $0
2015 $7,529 $367,200 $0 $0
2014 $14,528 $451,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14040269

Southwestern Michigan Association of REALTORS®

APN: 11-04-4550-0003-00-3