$167,500
SOLD OCT 24, 2014

5 Colony Ln Dearborn, MI 48120

Springwells Dearborn Neighborhood
3 Beds
2 Baths
1,800 Sq Ft
436 Sq Ft Lot

Recently Sold

$93 Per Sq Ft

4% Below List Price

44 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of May 2017

SUPER SHARP 3 BEDROOM CONDO IN POPULAR FAIRLANE EAST GATED COMMUNITY W/PARK LIKE SETTINGS INCLUDING PONDS & MATURED TREES, LARGE FINISHED BASEMENT,1ST FLOOR LAUNDRY,2 1/2 UPDATED BATHS, LARGE MASTER BEDROOM W/WALK IN CLOSET & MASTER BATH,UPDATED KITCHEN WITH BREAKFAST NOOK,HARDWOOD FLOORS,2 1/2 CAR ATTACHED GARAGE W/HANDY MAN TOOL AREA,NEWER ROOF,BRICK PAVER PATIO, LARGE COVERED FRONT PORCH,LIVING ROOM WITH NATURAL FIREPLACE,FORMAL DINING ROOM, 2ND FLOOR OFFICE AREA,1 YEAR HOME WARRANTY PAID BY SELLER,NICEL

Last Agent to Sell the Property

Dave Abdallah

CENTURY 21 CURRAN AND CHRISTIE License #MCAR-6501241447 Listed on: 08/11/2014

Last Buyer's Agent

. Non Mls Member

NON MLS Member License #MISPE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,532

Year Built

  • Built in 1974

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 32821019306131

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,532

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Originating MLS: Monroe County Association
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Condominium
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal
  • Basement: Yes
  • Basement: Finished
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 22 x 12
  • Bedroom 2: Dimensions: 14 x 11
  • Bedroom 3: Dimensions: 12 x 10
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Breakfast Nook: Dimensions: 11 x 10
  • Dining Room: Dimensions: 12 x 10
  • Kitchen: Dimensions: 11 x 11
  • Kitchen Features: Formal Dining Room
  • Laundry: Dimensions: 7 x 5
  • Living Room: Dimensions: 17 x 12
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1800
  • Total Finished Sq Ft: 1800

Exterior Features

  • Exterior: Brick
  • Foundation: Basement
  • Road: Paved Street

Garage/Parking

  • Garage Spaces: 2
  • Parking: Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Community
  • Water: Community
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 32821019306131
  • Zoning: Residential
  • Location: Subdivision
  • Lot Dimensions: 01x01
  • Acreage: 0.01
  • Geo Subdivision: MI

MLS Schools

  • School District: Dearborn City School District

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
Current Estimated Value
$302,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,683
Avg. Annual Appreciation
3.42%
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

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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 Type Sale Price Title Company
Warranty Deed $229,000 Venture Title
Warranty Deed $167,500 Title One Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $197,000 New Conventional
Closed $201,000 New Conventional
Previous Owner $125,625 Adjustable Rate Mortgage/ARM
Previous Owner $120,000 Credit Line Revolving
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: 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
2025 $4,532 $133,400 $0 $0
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

    1 in this area

    389 Total Sales

    Hassan Scheib
    Section Image
  • Alex Handy

    Buyer's Agent in 2017

    Alex Handy

    National Realty Centers, Inc

    (313) 399-3172

    10 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: Michigan Multiple Listing Service

MLS Number: 31207115

Michigan Multiple Listing Service

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 and is currently priced at $167,500, approximately $93 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.

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Michigan Multiple Listing Service Source MLS: MiRealSource
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