NOT LISTED FOR SALE

506 Korpela Rd Wakefield, MI 49968

Estimated Value: $151,000 - $216,000

4 Beds
2 Baths
1,584 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2017

Last sale price $21,150 $13 Per Sq Ft

Est. 768% increase in value since last sale

Current estimated payment $1,153 / mo

349 Days on Market

Highlights

  • Raised Ranch Architecture
  • Porch
  • 1-Story Property
  • 2 Car Detached Garage
  • Bathroom on Main Level
  • Forced Air Heating System

About This Home

As of February 2017

4 BR, 2 Bath Raised Ranch w/board and batten siding and 2 car detached garage situated on 7.93 wooded acres. From front entry there are stairways both up to the Main Floor of 1056 sq ft and stairway to Lower level to area of 1056 sq ft of which 528 sq ft is finished and the balance of 528 sq ft remains unfinished "basement" containing furnace, hot water heater, storage, etc. Large living room with built in shelving and large family room off galley style kitchen and dining area w/access to upper rear deck. Home needs some minor repair. Water lines do no hold pressure and some flooring needs replacement.

Last Agent to Sell the Property

Jack Schultz

RE/MAX NORTH COUNTRY License #UPAR Listed on: 02/23/2016

Last Buyer's Agent

Jack Schultz

RE/MAX NORTH COUNTRY License #UPAR Listed on: 02/23/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1983

Lot Details

  • 7.93 Acre Lot
  • Lot Dimensions are 330x1045

Parking

  • 2 Car Detached Garage

Home Design

  • Raised Ranch Architecture
  • Wood Siding

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 270503001210

Home Details

Home Type

Single Family

Year Built

Built in 1983

Lot Details

7.93 Acres

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Raised Ranch
  • Structure Style: 1 Story
  • Total Tax Year: 2014
  • Year Built: 1983
  • Mail City: Wakefield
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Bedrooms: 4
  • Bedroom 1: On 1st Floor, Dimensions: 11 x 11
  • Bedroom 2: On 1st Floor, Dimensions: 9 x 14
  • Bedroom 3: On Lower Floor, Dimensions: 9 x 11
  • Bedroom 4: On Lower Floor, Dimensions: 9 x 11
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: Lower
  • Room Types: First Floor Bedroom, First Flr Full Bathroom
  • Breakfast Nook: On 1st Floor, Dimensions: 9 x 10
  • Family Room: On 1st Floor, Dimensions: 11 x 20
  • Kitchen: On 1st Floor, Dimensions: 8 x 17
  • Living Room: On 1st Floor, Dimensions: 12 x 24
  • Below Grade Sq Ft: 1056
  • Finished Below Grade Sq Ft: 528
  • Above Grade Finished Sq Ft: 1056
  • Total Finished Sq Ft: 1584

Exterior Features

  • Exterior: Wood
  • Exterior Features: Porch
  • Road: City/County

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas, Wood
  • Sewer: Septic
  • Water: Private Well

Lot Info

  • Assessor Parcel Number: 270503001210
  • Lot Dimensions: 330x1045
  • Acreage: 7.93
  • Geo Subdivision: MI

Tax Info

  • Total Tax: Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2020
Sold by
Bought by
Current Estimated Value
$183,500

Purchase Details

Closed on
Jun 15, 2017
Sold by
Bought by

Purchase Details

Listed on
Feb 23, 2016
Closed on
Feb 23, 2017
Sold by
Bought by
Seller's Agent
Jack Schultz
RE/MAX NORTH COUNTRY
Buyer's Agent
Jack Schultz
RE/MAX NORTH COUNTRY
List Price
$94,900
Sold Price
$21,150
Premium/Discount to List
-$73,750
-77.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.22%

Purchase Details

Closed on
Jan 20, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2014
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$41,500 Bay National Title Company
$21,150 Bay National Title Company
-- None Available
$40,500 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/27/2017 02/27/17 Sold $21,150 -77.7% $13 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
02/23/2016 02/23/16 For Sale $94,900 -- $60 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,960 $74,849 $74,849 $0
2024 $1,372 $67,509 $67,509 $0
2022 $532 $53,139 $53,139 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10021699

Upper Peninsula Association of REALTORS®

APN: 05-03-001-210

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