NOT LISTED FOR SALE

5020 Lorenson Rd Muskegon, MI 49445

Estimated Value: $216,000 - $298,000

2 Beds
1 Bath
1,786 Sq Ft
$153/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $215,000 $120 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,870/month

Highlights

  • 6.5 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of October 2022

This home is located at 5020 Lorenson Rd, Muskegon, MI 49445 since 12 September 2022 and is currently estimated at $272,948, approximately $152 per square foot. This property was built in 1973. 5020 Lorenson Rd is a home located in Muskegon County with nearby schools including Reeths-Puffer High School.

Last Agent to Sell the Property

Lisa Sparks

Success Realty West Michigan License #6501426867 Listed on: 09/12/2022

Co-Listed By

James Sparks

Success Realty West Michigan License #6501432305

Last Buyer's Agent

Lisa Sparks

Success Realty West Michigan License #6501426867 Listed on: 09/12/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,123

Year Built

  • Built in 1973

Lot Details

  • 6.5 Acre Lot
  • The property's road front is unimproved

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Crawl Space

Utilities

  • No Cooling
  • Forced Air Heating System
  • Well
  • Septic System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,123

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 249900.0
  • Lot Features: Wooded
  • Number of Buildings: 2
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Topography: {"Ravine":true}

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Propane
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 6.5
  • Lot Size Area: 6.5
  • Lot Size Sq Ft: 283140.0
  • Zoning Description: RR
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3123.01
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Oct 14, 2022
Sold by
Clune Margaret A
Bought by
Malinowski Tammy
Seller's Agent
Lisa Sparks
Success Realty West Michigan
Buyer's Agent
Lisa Sparks
Success Realty West Michigan
List Price
$249,900
Sold Price
$215,000
Premium/Discount to List
-$34,900
-13.97%
Views
32
Current Estimated Value
$272,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,948
Avg. Annual Appreciation
10.03%
Original Mortgage
$172,000
Outstanding Balance
$165,706
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$116,893
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
Malinowski Tammy $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malinowski Tammy $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $215,000 -14.0% $120 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $249,900 -- $140 / 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 $4,579 $133,700 $0 $0
2024 $1,270 $134,600 $0 $0
2023 $1,215 $103,600 $0 $0
2022 $3,161 $85,200 $0 $0
2021 $3,082 $80,300 $0 $0
2020 $3,048 $80,400 $0 $0
2019 $2,893 $79,000 $0 $0
2018 $2,834 $67,000 $0 $0
2017 $2,840 $67,400 $0 $0
2016 $774 $67,500 $0 $0
2015 -- $67,500 $0 $0
2014 -- $67,400 $0 $0
2013 -- $64,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lisa Sparks

    Success Realty West Michigan

    Section Image

  • J

    Seller Co-Listing Agent in 2022

    James Sparks

    Success Realty West Michigan

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22039283

Southwestern Michigan Association of REALTORS®

APN: 06-113-100-0003-20

Michigan Muskegon County Muskegon 49445

5020 Lorenson Rd, Muskegon, MI

This home is located at 5020 Lorenson Rd, Muskegon, MI 49445 since 12 September 2022 and is currently estimated at $272,948, approximately $152 per square foot. This property was built in 1973. 5020 Lorenson Rd is a home located in Muskegon County with nearby schools including Reeths-Puffer 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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