NOT LISTED FOR SALE

507 Nicholas Ave Richmond Township, MI 49871

Estimated Value: $118,000 - $159,000

2 Beds
1 Bath
1,123 Sq Ft
$123/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $132,000 $118 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $733/month

8 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Living Room
  • Lakeview Elementary School Rated A-
  • Wood Flooring
  • Bathroom on Main Level

About This Home

As of September 2024

Discover the perfect home nestled in the peaceful town of Palmer. This inviting single-family residence features 2 cozy bedrooms and 1 bath. Hardwood floors add to the interior of the home, while the metal roof ensures durability and low maintenance. Enjoy the outdoor spaces in the nice backyard, ideal for gardening, entertaining, or simply relaxing. The front deck offers a charming spot to sip your morning coffee or unwind in the evening. Whether you are starting your homeownership journey or looking to downsize, this Palmer gem is the perfect fit. Offer deadline is Thursday August 1st at 5pm.

Last Agent to Sell the Property

Bradley Argall

RE/MAX 1ST REALTY License #UPAR-6501400975 Listed on: 07/25/2024

RE/MAX 1ST REALTY

Last Buyer's Agent

Ruben Asgaard

GREAT LAKES & LAND OF MARQUETTE, INC. License #UPAR-6501326465

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Garden

Parking

  • 2 Car Parking Spaces

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,123 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Unfinished Basement
  • Block Basement Construction
  • Washer

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Community Details

  • Palmer Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52-13-211-003-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type: 1 to 4 Units
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: 2 Story
  • Flood Insurance: Not Required
  • Year Built: 1930
  • Mail City: Palmer
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors
  • Appliances: Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block, Unfinished
  • Bedrooms: 2
  • Bedroom 1: On 2nd Floor, Dimensions: 17 x 13
  • Bedroom 1 Floor Covering: Laminate
  • Bedroom 2: On 2nd Floor, Dimensions: 15 x 11
  • Bedroom 2 Floor Covering: Laminate
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 7 x 8, On Level: First, Flooring: Vinyl
  • Room Types: Living Room, First Flr Full Bathroom
  • Dining Room: On 1st Floor, Dimensions: 11 x 11
  • Dining Room Floor Covering: Wood
  • Kitchen: On 1st Floor, Dimensions: 7 x 11
  • Kitchen Floor Covering: Wood
  • Living Room: On 1st Floor, Dimensions: 11 x 14
  • Living Room Floor Covering: Laminate
  • Below Grade Sq Ft: 566
  • Above Grade Finished Sq Ft: 1123
  • Total Finished Sq Ft: 1123

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Garden Area
  • Foundation: Basement
  • Frontage: 50
  • Road: Paved Street, Year Round
  • Out Buildings: Shed
  • Frontage Type: Road

Garage/Parking

  • Parking: 2 Spaces
  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s)

Lot Info

  • Assessor Parcel Number: 52-13-211-003-00
  • Zoning: Residential
  • Lot Dimensions: 50x150
  • Acreage: 0.17
  • Geo Subdivision: MI
  • Site/Lot Features: Subdivision, Platted

Tax Info

  • Taxable Value: 17531
  • SEV Year: 2024

MLS Schools

  • School District: Negaunee Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Sep 18, 2024
Sold by
Holman Roger D and Holman Joette M
Bought by
Terres Steven F and Terres Shannon M
Seller's Agent
Bradley Argall
RE/MAX 1ST REALTY
Buyer's Agent
Ruben Asgaard
GREAT LAKES & LAND OF MARQUETTE, INC.
List Price
$139,900
Sold Price
$132,000
Premium/Discount to List
-$7,900
-5.65%
Views
12
Current Estimated Value
$138,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,247
Avg. Annual Appreciation
4.55%
Original Mortgage
$134,838
Outstanding Balance
$133,582
Interest Rate
6.47%
Mortgage Type
VA
Estimated Equity
$4,665
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
Terres Steven F $132,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terres Steven F $134,838
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $132,000 -5.6% $118 / Sq Ft
07/25/2024 07/25/24 For Sale $139,900 -- $125 / Sq Ft
Source: Upper Peninsula 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 $3 $28,300 $0 $0
2024 $3 $29,100 $0 $0
2023 $167 $22,800 $0 $0
2022 $498 $15,400 $0 $0
2021 $482 $17,650 $0 $0
2020 $462 $15,400 $0 $0
2019 $433 $15,450 $0 $0
2018 $405 $14,550 $0 $0
2017 $425 $15,200 $0 $0
2016 $432 $16,645 $0 $0
2015 -- $16,645 $0 $0
2014 -- $15,750 $0 $0
2012 -- $15,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50149911

Upper Peninsula Association of REALTORS®

APN: 52-13-211-003-00