NOT LISTED FOR SALE

51325 Eric Ln New Buffalo, MI 49117

Estimated Value: $1,716,000 - $1,917,000

0.53 Acre
$3,378,142 Price per Acre
23,087 Sq Ft Lot

Last Sold October 11, 2013

Last sale price $125,000

Est. 1,332% increase in value since last sale

Current estimated payment $11,470/month

1,477 Days on Market

Highlights

  • Water Access
  • Community Lake
  • Corner Lot: Yes
  • New Buffalo Elementary School Rated A

About This Lot

As of October 2013

Huge Price Reduction-Owner Wants Offer!! Great Grand Beach location 2 blocks from the nearest Lk MI access. It has all the amenities of Grand Beach Village, Tennis Courts, Golf Course, Social Center/Clubhouse and multiple Lake Michigan Village Resident access! Owner has great set of plans for this lot or Build your dream home today.

Last Agent to Sell the Property

Gary Ramberg

Keller Williams Realty SWM License #6502109544 Listed on: 09/25/2009

Last Buyer's Agent

Pete Rahm

Keller Williams Realty SWM License #6506036734

Keller Williams Realty SWM

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $215

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 115 x 200
  • Corner Lot: Yes

Additional Features

  • Mineral Rights Excluded
  • Cable TV Available

Community Details

Overview

  • Community Lake

Recreation

  • Waterfront Owned by Association
  • Water Sports
  • Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$215

Lot Details

0

Listing Details

  • Property Sub-Type: Lot
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: 115 x 200
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 215.0
  • Waterfront Options:Water Access YN: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • General Property Info:Property Sub-Type2: Lot
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Mineral Rights:No: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 129500.0
  • Lot Features: Buildable, Corner Lot
  • Road Surface Type: Paved
  • Water Body Name: Lake Michigan
  • Waterfront Features: All Sports, Assoc Access
  • Waterfront: No

Utilities

  • Utilities: None Connected, Natural Gas Available, Electric Available, Cable Available

Condo/Co-op/Association

  • Community Features: Lake

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Assoc Access: Yes

Lot Info

  • Lot Size Acres: 0.53
  • Lot Size Area: 0.53
  • Lot Dimensions: 115 x 200
  • Lot Size Sq Ft: 23000.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 215.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2023
Sold by
Moore Michael
Bought by
Zachary T Archer Declaration Of Trust and Archer
Current Estimated Value
$1,790,415

Purchase Details

Closed on
Sep 23, 2021
Sold by
Grand Beach Investments Llc
Bought by
Moore Michael

Purchase Details

Listed on
Sep 25, 2009
Closed on
Oct 11, 2013
Sold by
Zrazik Gregory and Best Zrazik Ellen
Bought by
Moore Michael
Seller's Agent
Gary Ramberg
Keller Williams Realty SWM
Buyer's Agent
Pete Rahm
Keller Williams Realty SWM
List Price
$319,000
Sold Price
$125,000
Premium/Discount to List
-$194,000
-60.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.16%
Original Mortgage
$87,500
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 21, 2008
Sold by
Grand Beach Investments I Llc
Bought by
Zrazik Gregory and Best Zrazik Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.9%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
Zachary T Archer Declaration Of Trust -- None Listed On Document
Moore Michael -- None Available
Moore Michael -- None Listed On Document
Moore Michael -- None Listed On Document
Moore Michael -- Meridian Title Corp
Zrazik Gregory -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Michael $87,500
Previous Owner Zrazik Gregory $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2013 10/11/13 Sold $125,000 -60.8% --
10/11/2013 10/11/13 Pending -- -- --
09/25/2009 09/25/09 For Sale $319,000 -- --
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 $26,058 $682,300 $0 $0
2024 $20,655 $678,200 $0 $0
2023 $10,795 $896,000 $0 $0
2022 $10,326 $493,700 $0 $0
2021 $12,191 $464,200 $37,600 $426,600
2020 $11,920 $469,300 $0 $0
2019 $11,834 $544,700 $86,000 $458,700
2018 $38,391 $530,900 $0 $0
2017 $22,263 $483,900 $0 $0
2016 $21,508 $488,100 $0 $0
2015 $12,483 $283,300 $0 $0
2014 $2,162 $86,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gary Ramberg

    Keller Williams Realty SWM

  • Pete Rahm

    Buyer's Agent in 2013

    Pete Rahm

    Keller Williams Realty SWM

    (269) 469-2911

    121 Total Sales

    Pete Rahm
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Map

Source: MichRIC

MLS Number: 2938153

MichRIC

APN: 11-39-2660-0008-00-1

Michigan Berrien County New Buffalo 49117

51325 Eric Ln, New Buffalo, MI

Not Listed for Sale

Lots

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