NOT LISTED FOR SALE

503 Ormsby St Adrian, MI 49221

Estimated Value: $136,000 - $155,000

3 Beds
1.5 Baths
1,470 Sq Ft
$98/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $97,000 $66 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $995/month

49 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Porch
  • Wood Flooring
  • 1 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of November 2020

Dating back to the 19th Century this delightful home is loaded with charm & character and has been enhanced for today's needs with updated electrical, plumbing, vinyl windows and newer furnace, A/C & water heater. The wonderful main level features 9ft and 10ft ceilings, tall base moldings, extensive wood trim and hardwood floors. The light-filled living room boasts oversized windows. The kitchen has been updated with a tile floor & new stainless steel counters and is open to the spacious formal dining room. There is also a good-sized 1st floor bedroom & 1st floor laundry area. There is a 2nd floor master bedroom with coved ceilings & wide plank floors, full bath, additional bedroom/office and a large additional attic storage area. Sit back & relax on the covered front porch. Corner lot wit with fenced back yard. Don't forget the garage with brand new garage door - accessible for one car with extra space for workshop, bike storage etc. Close to colleges & downtown Adrian. Great value!

Last Agent to Sell the Property

Glenda Gerbstadt

Coldwell Banker Professionals License #6506041637 Listed on: 09/11/2020

Coldwell Banker Professionals

Co-Listed By

Howard Watts

Coldwell Banker Professionals License #6501308142

Last Buyer's Agent

No Member

Non Member Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1880

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 74x62

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Basement
  • Michigan Basement

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Original Of Adrian City Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,396

Year Built

Built in 1880

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Colonial
  • Stories: 2
  • Year Built: 1880
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 64.63
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 74x62
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1470.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1396.0
  • Tax Info:Zoning3: RES
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Location Property Info:Subdivision2: Original Of Adrian City
  • Substructure:Michigan Basement: Yes
  • General Property Info:SqFt Above Grade: 1470.0
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Vinyl Floor: Yes
  • Flooring:Tile Floor: Yes
  • Architectural Style:Colonial: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Tile, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 1470.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 500.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 95000.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Porch(es)
  • Exterior Material:Vinyl Siding: Yes
  • Patio and Porch Features:Porch(es): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 74x62
  • Lot Size Sq Ft: 4792.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1396.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Nov 9, 2020
Sold by
Thompson Ian and Thompson Lauren H
Bought by
Lopez Julio R and Toeers Vanessa V
Seller's Agent
Glenda Gerbstadt
Coldwell Banker Professionals
Buyer's Agent
No Member
Non Member Sales
List Price
$95,000
Sold Price
$97,000
Premium/Discount to List
$2,000
2.11%
Current Estimated Value
$144,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,136
Avg. Annual Appreciation
8.16%
Original Mortgage
$95,243
Outstanding Balance
$84,753
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$59,383

Purchase Details

Closed on
Aug 10, 2020
Sold by
Thompson Ian
Bought by
Thompson Ian and Thompson Lauren H

Purchase Details

Listed on
May 20, 2016
Closed on
Feb 28, 2017
Sold by
Vanzandt Ronald D
Bought by
Thompson Ian
Seller's Agent
Patricia Korican
Korican Real Estate
Buyer's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
List Price
$64,900
Sold Price
$55,000
Premium/Discount to List
-$9,900
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.64%
Original Mortgage
$54,003
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 2006
Sold by
Vanzandt Amelia J
Bought by
Vanzant Amelia J and Amelia Vanzandt Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopez Julio R $97,000 None Available
Thompson Ian -- None Available
Thompson Ian $55,000 None Available
Vanzant Amelia J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Julio R $95,243
Closed Lopez Julio R $6,500
Previous Owner Thompson Ian $54,003
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2020 11/09/20 Sold $97,000 +2.1% $66 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $95,000 +72.7% $65 / Sq Ft
03/01/2017 03/01/17 Sold $55,000 -15.3% $37 / Sq Ft View Prior Sale
02/05/2017 02/05/17 Pending -- -- --
01/21/2017 01/21/17 For Sale $64,900 0.0% $44 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $64,900 +18.0% $44 / Sq Ft
09/30/2016 09/30/16 Off Market $55,000 -- --
09/29/2016 09/29/16 Price Changed $64,900 -7.2% $44 / Sq Ft
06/21/2016 06/21/16 Price Changed $69,900 -12.5% $48 / Sq Ft
05/20/2016 05/20/16 For Sale $79,900 -- $54 / Sq Ft
Source: MichRIC

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 $2,806 $55,000 $0 $0
2024 $1,829 $51,200 $0 $0
2023 $2,074 $46,800 $0 $0
2022 $3,425 $43,100 $0 $0
2021 $1,729 $39,900 $0 $0
2020 $1,417 $37,700 $0 $0
2019 $1,140 $33,900 $0 $0
2018 $1,370 $39,833 $0 $0
2017 $1,176 $31,401 $0 $0
2016 $1,785 $29,163 $0 $0
2014 -- $29,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23087522

MichRIC

APN: XA0-002-6012-00