NOT LISTED FOR SALE

493 Algene St Lake Orion, MI 48362

Estimated Value: $469,000 - $499,625

2 Beds
1 Bath
950 Sq Ft
$513/Sq Ft Est. Value

Last Sold December 14, 2016

Last sale price $259,000 $273 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,102/month

60 Days on Market

Highlights

  • Lake Front
  • Dock Facilities
  • Corner Lot
  • Orion Oaks Elementary School Rated A-
  • Ranch Style House
  • No HOA

About This Home

As of December 2016

Lake Orion lakefront!! Enjoy lake living with an excellent view of the lake. Peaceful sunrises & sunsets can be enjoyed from the deck or from the living room. The living room features a wall of windows that offer an extraordinary view of the Lake. Plenty of space for entertaining. In addition to the deck the walk out finished basement offers additional space for entertaining. Featuring recessed lighting, drywall ceilings, new carpet, a wet bar and a full bathroom. Much of the home has been updated in the last 10 years including: the furnace, roof, windows (35 year transferrable warranty) and some electrical, fresh paint and new carpet. The garage offers plenty of space for vehicle and toys. Additional parking on each side of the garage. Jet ski hoist included.

Last Agent to Sell the Property

Steve Kaiser

Kaiser Realty Group LLC License #6502392419 Listed on: 09/06/2016

Co-Listed By

Eric Smith

Kaiser Realty Group LLC License #6501398241

Last Buyer's Agent

Dan Webb

Two Doors Realty License #6502432027

Two Doors Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1975

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 53x180
  • Lake Front
  • Corner Lot

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 950 Sq Ft Home
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Water Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Seawall
  • Dock Facilities

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0911257006

Community Details

Overview

  • No Home Owners Association
  • Recreation Heights Add Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,685

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 77.57
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Wet Bar
  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walkout Access
  • Kitchen Appliances: Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1480
  • Sq Ft Lower Floor: 530
  • Total Sq Ft: 950
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Orion
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 53
  • Road Frontage Type: Paved
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Orion

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1766660.0000
  • Lot Features: Corner Lot, Water View
  • Lot Size Area: 0.15
  • Lot Dimensions: 53X180
  • Parcel Number: 0911257006

Tax Info

  • Tax Amount Summer: 4749.6100
  • Tax Amount Winter: 935.0000
  • Total Tax: 5684.6100

Multi Family

  • Waterfront Features: All Sports Lake, Dock Facilities, Sea Wall

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Dec 14, 2016
Sold by
Brown Michael and Brown Marsha
Bought by
Gillam Michael and Gillam Caroline J
Seller's Agent
Steve Kaiser
Kaiser Realty Group LLC
Buyer's Agent
Dan Webb
Two Doors Realty
List Price
$264,999
Sold Price
$259,000
Premium/Discount to List
-$5,999
-2.26%
Current Estimated Value
$487,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,656
Avg. Annual Appreciation
7.41%
Original Mortgage
$233,100
Outstanding Balance
$188,340
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$299,316

Purchase Details

Closed on
Nov 24, 2004
Sold by
Brown Michael and Brown Marsha
Bought by
Brown Michael and Brown Marsha

Purchase Details

Closed on
Jun 21, 2000
Sold by
First Federal Of Mi
Bought by
Brown Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.55%

Purchase Details

Closed on
May 25, 1999
Sold by
Donley Barry C
Bought by
First Federal Of Mi
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
Gillam Michael $259,000 Premier Title
Brown Michael -- --
Brown Michael $160,000 --
First Federal Of Mi $132,499 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillam Michael $233,100
Previous Owner Brown Michael $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2016 12/14/16 Sold $259,000 -2.3% $273 / Sq Ft
11/05/2016 11/05/16 Pending -- -- --
10/27/2016 10/27/16 For Sale $264,999 0.0% $279 / Sq Ft
09/26/2016 09/26/16 Pending -- -- --
09/21/2016 09/21/16 Price Changed $264,999 -3.6% $279 / Sq Ft
09/06/2016 09/06/16 For Sale $274,900 -- $289 / Sq Ft
Source: Realcomp

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
2024 $6,164 $212,170 $0 $0
2023 $5,884 $192,700 $0 $0
2022 $6,934 $162,470 $0 $0
2021 $6,634 $161,360 $0 $0
2020 $5,403 $153,580 $0 $0
2019 $4,405 $143,760 $0 $0
2018 $6,202 $136,650 $0 $0
2017 $6,027 $136,650 $0 $0
2016 $5,871 $121,980 $0 $0
2015 -- $116,280 $0 $0
2014 -- $105,340 $0 $0
2011 -- $88,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216088658

Realcomp

APN: 09-11-257-006