NOT LISTED FOR SALE

5 Colony Ln Dearborn, MI 48120

Springwells Dearborn Neighborhood

Estimated Value: $275,000 - $304,715

3 Beds
2.5 Baths
1,800 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $229,000 $127 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,398/month

10 Days on Market

Highlights

  • Outdoor Pool
  • Clubhouse
  • Corner Lot
  • Colonial Architecture
  • End Unit
  • 2 Car Direct Access Garage

About This Home

As of May 2017

Luxury, Location, Private….Live Extravagantly in the Beautiful Gated Community of Fairlane East...The Best Condo in the Community is Now Available….Completely Updated 3 Bedroom 2 ½ bath Features Serene Views from every inch of this home. Beautiful Hardwood floors Throughout, Natrl Fireplace, Formal Dining, Breakfast Nook,1st Floor Laundry,Stainless Steel Appliances…Large Master Bedroom w/ Walk-in Closet and Master Bath, 2nd Floor Office Area, Lots of Closet space throughout, Huge Finished Basement Perfect for Entertainment, Exterior Features: Beautiful Landscaping, Brick Paver Patio, Flower Garden, Covered Porch, Private corner lot, End Unit…. 2 ½ Car Attached Garage, Newer Roof, Gutters, Exterior Paint...Private Gated Community Features: Amazing Landscaping w/ park ettings and Ponds throughout, In- ground Pool, Club House, 24 Hour Security. Conveniently located near every major expressway will have you at your commute in No Time...This Will Not Last Long..Schedule your Showing Today!!

Last Agent to Sell the Property

Hassan Scheib

Own It Realty License #6502399271 Listed on: 04/03/2017

Last Buyer's Agent

Alex Handy

National Realty Centers, Inc License #RCO-6501390677

National Realty Centers, Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

Year Built

  • Built in 1974 | Remodeled in 2016

Lot Details

  • Property fronts a private road
  • End Unit
  • Private Entrance
  • Fenced

HOA Fees

  • $374 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Finished Basement

Kitchen

  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Pool

  • Outdoor Pool

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 32821019306131

Community Details

Overview

  • Fairlane East Townhouses Condo Subdivision
  • On-Site Maintenance

Amenities

  • Clubhouse

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,860

Year Built

Built in 1974 | Remodeled in 2016

Lot Details

0

HOA Fees

$374 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Colonial, End Unit, Townhouse
  • Architecture Level: 2 Story
  • Year Built: 1974
  • Year Renovated: 2016
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Refrigerator, Range/Stove, Trash Compactor
  • Sq Ft Combined: 2700
  • Sq Ft Lower Floor: 900
  • Total Sq Ft: 1800
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Fenced, Grounds Maintenance, Pool – Community, Private Entry
  • Foundation Materials: Block, Brick/Mortar
  • Road Frontage Type: Paved, Private

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • 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 Frequency: Monthly
  • Association Fee: 374
  • Association Fee: Yes

Schools

  • School District: Dearborn

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot
  • Parcel Number: 32821019306131

Tax Info

  • Tax Amount Summer: 3352.0000
  • Tax Amount Winter: 508.0000
  • Total Tax: 3860.0000

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2017
Closed on
May 26, 2017
Sold by
Baadarani Omar
Bought by
Riley Stephen E
Seller's Agent
Hassan Scheib
Own It Realty
Buyer's Agent
Alex Handy
National Realty Centers, Inc
List Price
$229,000
Sold Price
$229,000
Total Days on Market
10
Current Estimated Value
$293,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,179
Avg. Annual Appreciation
3.30%
Original Mortgage
$201,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2014
Closed on
Oct 24, 2014
Sold by
Sztanyo D Herin Nancy and Herin Joseph M D
Bought by
Baadarani Omar
Seller's Agent
Dave Abdallah
CENTURY 21 CURRAN AND CHRISTIE
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%
Original Mortgage
$125,625
Interest Rate
3.43%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Riley Stephen E $229,000 Venture Title
Baadarani Omar $167,500 Title One Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Stephen E $197,000
Closed Riley Stephen E $201,000
Previous Owner Baadarani Omar $125,625
Previous Owner Dherin Joseph M $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $229,000 0.0% $127 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $229,000 +36.7% $127 / Sq Ft
10/24/2014 10/24/14 Sold $167,500 -4.3% $93 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $175,000 -- $97 / 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 $4,532 $131,900 $0 $0
2023 $4,289 $121,400 $0 $0
2022 $4,826 $103,000 $0 $0
2021 $5,608 $96,300 $0 $0
2019 $5,551 $89,800 $0 $0
2018 $4,703 $85,900 $0 $0
2017 $1,028 $83,100 $0 $0
2016 $3,352 $80,100 $0 $0
2015 $6,335 $63,350 $0 $0
2013 $6,035 $60,350 $0 $0
2011 -- $60,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hassan Scheib

    Seller's Agent in 2017

    Hassan Scheib

    Own It Realty

    (313) 395-0000

    392 Total Sales

    Hassan Scheib
    Section Image
  • Alex Handy

    Buyer's Agent in 2017

    Alex Handy

    National Realty Centers, Inc

    (313) 399-3172

    11 Total Sales

    Alex Handy
    Section Image

  • D

    Seller's Agent in 2014

    Dave Abdallah

    CENTURY 21 CURRAN AND CHRISTIE

  • .

    Buyer's Agent in 2014

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Realcomp

MLS Number: 217025236

Realcomp

APN: 32-10-193-06-131

Michigan Wayne County Dearborn 48120 Springwells Dearborn

5 Colony Ln, Dearborn, MI

This home is located at 5 Colony Ln, Dearborn, MI 48120 since 03 April 2017 and is currently estimated at $293,179, approximately $162 per square foot. This property was built in 1974. 5 Colony Ln is a home located in Wayne County with nearby schools including Geer Park Elementary School, Stout Middle School, and Edsel Ford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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