NOT LISTED FOR SALE

4981 Elm Run Farwell, MI 48622

Estimated Value: $266,885 - $289,000

3 Beds
2 Baths
3,168 Sq Ft
$86/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $215,000 $68 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,859/month

84 Days on Market

Highlights

  • Waterfront
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of December 2022

Stunning Split Level located directly on Timber Lake with full walk out basement! Home features a floorplan just shy of 2000 sqft with an additional 1100+ sqft of space in the finished bathroom! Cathedral ceilings in the living and kitchen areas gives this home a large open feel. 2 first floor bedrooms including the master suite with its own private bath. Potential for a fourth bed room in finished basement. Large shed and 2 car detached garage . Forced heat and AC new continuous well pump, propane tank stays with the home. Beautiful treated Timber lake great for fishing and swimming. Groomed beach ! Located in white birch lakes recreational community, amenities include: clubhouse with indoor pool, mini golf, volleyball and basketball courts, fish stocked lakes, groomed beaches, campground, association maintained roads and more! Low dues of only $425/year

Last Agent to Sell the Property

Nick Perkowski

Isles Realty, Inc License #MISPE-6501343694 Listed on: 06/28/2022

Last Buyer's Agent

Non Mls

Non-Mls License #BCAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2000

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 152x215
  • Waterfront

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Septic Tank

Community Details

  • Timber Lake HOA
  • Birch Lakes Recreational Community Subdivision

Listing and Financial Details

  • Assessor Parcel Number 010-720-638-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,102

Year Built

Built in 2000

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 1 1/2 Story
  • Year Built: 2000
  • Mail City: Farwell
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block
  • Bedrooms: 3
  • Bedroom 1: On 1st Floor, Dimensions: 11 x 12
  • Bedroom 2: On 1st Floor, Dimensions: 13 x 13
  • Bedroom 3: On 2nd Floor, Dimensions: 16 x 22
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Kitchen: On 1st Floor, Dimensions: 12 x 17
  • Laundry: Dimensions: 9 x 9
  • Living Room: On 1st Floor, Dimensions: 15 x 18
  • Below Grade Sq Ft: 1176
  • Finished Below Grade Sq Ft: 1176
  • Above Grade Finished Sq Ft: 1992
  • Total Finished Sq Ft: 3168

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Basement
  • Frontage: 152
  • Lake Name: Eureka Lake
  • Water Features: Lake Frontage, Waterfront
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas
  • Sewer: Septic
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fees: 425
  • HOA Fee Frequency: Yearly
  • Association Contact: timber lake
  • Association Phone: 9895882853
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 010-720-638-001
  • Lot Dimensions: 152x215
  • Acreage: 0.75
  • Geo Subdivision: MI

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Summer Tax: Year: 2021, Amount: $784.07
  • Winter Tax: Year: 2021, Amount: $1,318.26
  • Total Tax: Year: 2021, Amount: $2,102.26

MLS Schools

  • School District: Farwell Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Nov 14, 2022
Sold by
Hoover Sarah
Bought by
Seward Steven
Seller's Agent
Nick Perkowski
Isles Realty, Inc
Buyer's Agent
Non Mls
Non-Mls
List Price
$289,900
Sold Price
$215,000
Premium/Discount to List
-$74,900
-25.84%
Total Days on Market
84
Views
9
Current Estimated Value
$273,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,971
Avg. Annual Appreciation
10.18%

Purchase Details

Closed on
Oct 31, 2008
Bought by
Hoover Sarah and Oconnor Patrick
Source: Public Records

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Range of Values:

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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
Seward Steven $215,000 --
Hoover Sarah $137,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $215,000 -14.0% $68 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $249,900 -5.7% $79 / Sq Ft
08/12/2022 08/12/22 Price Changed $264,900 -3.6% $84 / Sq Ft
07/13/2022 07/13/22 Price Changed $274,900 -5.2% $87 / Sq Ft
06/28/2022 06/28/22 For Sale $289,900 -- $92 / 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
2024 $3,475 $125,100 $14,900 $110,200
2023 $913 $121,300 $13,300 $108,000
2022 $2,425 $93,900 $15,500 $78,400
2021 $2,122 $87,400 $0 $0
2020 $2,023 $69,900 $0 $0
2019 $2,110 $80,700 $0 $0
2018 $1,767 $65,900 $0 $0
2017 $687 $65,400 $0 $0
2016 $681 $64,300 $0 $0
2015 -- $69,500 $0 $0
2014 -- $61,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50080438

Michigan Multiple Listing Service

APN: 010-720-638-00