NOT LISTED FOR SALE

4950 Willow Rd Milan, MI 48160

Estimated Value: $287,000 - $451,000

3 Beds
2.5 Baths
2,020 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 28, 2016

Last sale price $164,900 $82 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,159/month

150 Days on Market

Highlights

  • 1.34 Acre Lot
  • Recreation Room
  • Breakfast Area or Nook
  • Deck
  • No HOA
  • Porch

About This Home

As of December 2016

Country Living! 3 Bedroom 2.5 Bath home on 1.34 acre lot. 3 Car garage and Shed, Fenced back yard, Patio and Porch. Basement is partially finished and with your efforts could add 1300 additional sq ft of living area. This is a Fannie Mae property ... ready to show., Rec Room: Partially Finished, Rec Room: Finished

Last Agent to Sell the Property

Ronald Herman

Howard Hanna Real Estate License #6501311211 Listed on: 07/30/2016

Last Buyer's Agent

David Monforton

The Charles Reinhart Company License #6501385714

The Charles Reinhart Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,249

Year Built

  • Built in 1974

Lot Details

  • 1.34 Acre Lot
  • Back Yard Fenced
  • Property is zoned A-1, A-1

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Deck
  • Shed
  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,249

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1974
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2020.0
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 3249.0
  • Tax Info:Zoning3: A-1
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1520.0
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced Back: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven, Range
  • Interior Amenities: Garage Door Opener
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • LivingArea: 2020.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Finished SQFT: 500.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Below Grade Sq Ft: 500.0

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced Back
  • List Price: 174900.0
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck, Porch(es)
  • Exterior Material:Brick: 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
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes
  • Heat Source:Oil: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Acres: 1.34
  • Lot Size Area: 1.34
  • Lot Size Sq Ft: 58370.0
  • Zoning Description: A-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3249.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2016
Closed on
Dec 21, 2016
Sold by
Fannie Mae
Bought by
Krusie David R
Seller's Agent
Ronald Herman
Howard Hanna Real Estate
Buyer's Agent
David Monforton
The Charles Reinhart Company
List Price
$184,900
Sold Price
$164,900
Premium/Discount to List
-$20,000
-10.82%
Current Estimated Value
$338,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,088
Avg. Annual Appreciation
8.64%
Original Mortgage
$131,920
Outstanding Balance
$109,120
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$228,692

Purchase Details

Closed on
Sep 18, 2015
Sold by
Richards Tammy and Estate Of Cecil A Richards Jr
Bought by
Richards Tricia L

Purchase Details

Closed on
Sep 10, 2015
Sold by
Richards Cecil A and Richards Deretta Ann
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 24, 2004
Sold by
Ledford John D and Ledford Karen S
Bought by
Richards Cecil A and Richards Deretta Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 1995
Sold by
Coffey Beverly J
Bought by
Ledford John D and Ledford Karen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
5.75%
Mortgage Type
New Conventional
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
Krusie David R $164,900 Best Homes Title Agency Llc
Richards Tricia L -- None Available
Federal National Mortgage Association $165,887 None Available
Richards Cecil A $215,000 --
Ledford John D $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kruise David Ryan $30,000
Closed Krulse David R $30,000
Open Krusie David R $131,920
Previous Owner Richards Cecil A $172,000
Previous Owner Ledford John D $196,500
Previous Owner Ledford John D $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2016 12/28/16 Sold $164,900 -10.8% $82 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
07/30/2016 07/30/16 For Sale $184,900 -- $92 / 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 $3,749 $148,900 $0 $0
2024 $2,783 $133,900 $0 $0
2023 $2,656 $124,200 $0 $0
2022 $3,626 $116,300 $0 $0
2021 $3,484 $111,500 $0 $0
2020 $3,481 $109,500 $0 $0
2019 $3,410 $102,100 $102,100 $0
2018 $3,581 $95,000 $0 $0
2017 $4,212 $114,600 $0 $0
2016 $2,284 $87,300 $0 $0
2015 -- $87,100 $0 $0
2014 -- $84,500 $0 $0
2013 -- $84,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23099513

Southwestern Michigan Association of REALTORS®

APN: 19-25-100-011