NOT LISTED FOR SALE

514 W Chestnut St Albion, MI 49224

Estimated Value: $69,000 - $166,201

3 Beds
2 Baths
1,756 Sq Ft
$71/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $10,000 $6 Per Sq Ft

Est. 1,143% increase in value since last sale

Current estimated payment $714/month

81 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Porch
  • Recreation Room
  • Den
  • Living Room

About This Home

As of August 2017

Great investment opportunity! Large 4 bedroom 2 bath home or split into 2 one bedroom one bath apartments. Already has an outside access for upstairs apartment into the kitchen. Or easily make it a 4 bedroom 2 bath single family home. Live in one half and rent the other out for inexpensive living. HUD Home, sold “As-Is” without any guarantee or warranty by seller”. For more information on Lead-Based paint and Radon Gas and Mold Notices, Electronic Bidding, and Earnest Money procedures go to www.sageacq.com. To place a bid go to www.hudhomestore.com. Case #263-381923. FHA Insurable IE with escrow or 203K

Last Agent to Sell the Property

Robin Cunningham

Coldwell Banker Morehart Realty License #6501386632 Listed on: 04/21/2017

Coldwell Banker Morehart Realty

Last Buyer's Agent

Melissa Kennedy

Coldwell Banker Morehart Realty License #6501385948

Coldwell Banker Morehart Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 50x132

Parking

  • Unpaved Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,756 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

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 1920

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50X132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1756.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 556.41
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1756.0
  • General Property Info Garage YN: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1756.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 903.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Porch(es), Deck(s)
  • List Price: 12150.0
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Porch(es): Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 50X132
  • Lot Size Sq Ft: 6621.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 556.41
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2018
Sold by
Padrick Kelsey Lauren
Bought by
Halcomb Jacob
Current Estimated Value
$124,300

Purchase Details

Listed on
Apr 21, 2017
Closed on
Aug 10, 2017
Sold by
Secretary Of Housing & Urban Development
Bought by
Padrick Kelsey Lauren and Halcomb Jacob
Seller's Agent
Robin Cunningham
Coldwell Banker Morehart Realty
Buyer's Agent
Melissa Kennedy
Coldwell Banker Morehart Realty
List Price
$15,000
Sold Price
$10,000
Premium/Discount to List
-$5,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.88%

Purchase Details

Closed on
Jan 23, 2017
Sold by
Smith Christine and Us Financial Mortgage Corp
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Sep 16, 2005
Sold by
Smith Christine and Jones Christine
Bought by
Smith Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
5.64%
Mortgage Type
FHA
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
Halcomb Jacob -- None Available
Padrick Kelsey Lauren $26,000 Attorney
Secretary Of Housing & Urban Development $27,473 Attorney
Smith Christine -- Lsi Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Christine $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2017 08/11/17 Sold $10,000 -33.3% $6 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $15,000 -- $9 / 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 $748 $38,300 $0 $0
2024 $499 $35,500 $0 $0
2023 $629 $29,000 $0 $0
2022 $452 $25,500 $0 $0
2021 $610 $18,400 $0 $0
2020 $611 $13,900 $0 $0
2019 $567 $14,400 $0 $0
2018 $567 $12,500 $5,100 $7,400
2017 $0 $11,100 $0 $0
2016 $0 $10,200 $0 $0
2015 -- $14,000 $0 $0
2014 -- $15,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17017307

MichRIC

APN: 51-001-844-00