NOT LISTED FOR SALE

503 S Oak St Buchanan, MI 49107

Estimated Value: $173,000 - $197,000

3 Beds
2 Baths
1,486 Sq Ft
$123/Sq Ft Est. Value

Last Sold January 08, 2014

Last sale price $7,500 $5 Per Sq Ft

Est. 2,335% increase in value since last sale

Current estimated payment $1,075/month

111 Days on Market

Highlights

  • Deck
  • Porch
  • Forced Air Heating System
  • 2 Car Detached Garage

About This Home

As of January 2014

Back on Market- HUD Home Walking distance to schools, downtown and shopping. Avail 12-3-13 Daily Bids due by 11:59 PM CST til sold. AS IS'' HUD property sold by electronic bid only. FHA Case #263-375367 . Buyer to verify all information. HUD does NOT pay for title insurance. BLB Resources makes no warranty as to the existence of mold in this property, and is not liable for the potentially harmful effects thereof and makes no warranty as to the condition of the property. See attached memo regarding Buyer Select'' program, seller paid closing costs. For overbidding and/or escrow repair and LBP Disclosure information, please see attached Overbidding and Escrow'' and LBP MLS addendum. . FOR ADDITIONAL FORMS, UPDATES, STEP BY STEP VIDEOS AND FREE PHOTO LIST, VISIT WWW.BLBRESOURCES.COM Specia l Comments: Repairs exceed $5,000. Repairs may include but not limited to HVAC, structure, electrical, roof, plumbing; Inspection recommended,

Last Agent to Sell the Property

Beth Van

Bon Realty License #6502103167 Listed on: 08/29/2013

Last Buyer's Agent

Barry Skalski

The Collective Home Group License #6501354553

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Property is zoned R1, R1

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 1,486 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1486.0
  • General Property Info:Design: Farmhouse
  • Tax Info:Annual Property Tax: 1153.0
  • Tax Info:Zoning3: R1
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Substructure:Crawl Space: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1486.0
  • General Property Info Garage YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space, Michigan Basement
  • LivingArea: 1486.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 682.0

Exterior Features

  • Construction Materials: Shingle Siding
  • Exterior Features: Porch(es), Deck(s)
  • List Price: 8320.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Porch(es): Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1153.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2013
Closed on
Jan 6, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Dowdy Jerry
Seller's Agent
Beth Van
Bon Realty
Buyer's Agent
Barry Skalski
The Collective Home Group
List Price
$16,000
Sold Price
$7,500
Premium/Discount to List
-$8,500
-53.12%
Current Estimated Value
$182,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,100
Avg. Annual Appreciation
31.19%

Purchase Details

Closed on
Aug 23, 2012
Sold by
Fox W and Fox Marie
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 14, 2003
Sold by
Spoke Craig A and Spoke Kitty J
Bought by
Peel John

Purchase Details

Closed on
Jul 29, 1998

Purchase Details

Closed on
Jul 30, 1984

Purchase Details

Closed on
Jul 29, 1982
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
Dowdy Jerry $7,500 Meridian Title Corp
Wells Fargo Bank Na $82,755 None Available
Peel John $42,000 Meridian Title Corp
-- -- --
-- $3,500 --
-- $4,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2014 01/08/14 Sold $7,500 -53.1% $5 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
08/29/2013 08/29/13 For Sale $16,000 -- $11 / 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 $1,239 $77,900 $0 $0
2024 $1,163 $67,400 $0 $0
2023 $1,117 $57,100 $0 $0
2022 $1,085 $48,300 $0 $0
2021 $1,122 $21,800 $3,000 $18,800
2020 $1,107 $21,600 $0 $0
2019 $1,087 $17,800 $1,500 $16,300
2018 $1,068 $17,800 $0 $0
2017 $1,048 $17,900 $0 $0
2016 $1,040 $17,800 $0 $0
2015 $1,038 $17,100 $0 $0
2014 $818 $16,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13051690

Southwestern Michigan Association of REALTORS®

APN: 11-58-1500-0062-00-3