NOT LISTED FOR SALE

515 S Madison St Unit MADISON Adrian, MI 49221

Estimated Value: $230,000 - $247,824

6 Beds
2 Baths
2,000 Sq Ft
$121/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $137,500 $69 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,741/month

46 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Porch
  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of February 2017

Great 6 bedroom home with 2 full baths.

Last Agent to Sell the Property

Danielle Stepp

Foundation Realty, LLC-Tecumseh License #LCAR-6506048480 Listed on: 01/13/2017

Last Buyer's Agent

Danielle Stepp

Foundation Realty, LLC-Tecumseh License #LCAR-6506048480 Listed on: 01/13/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1947

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x160

Parking

  • 2 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Basement
  • Block Basement Construction

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number XA0-700-0005-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,588

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Cape Cod
  • Structure Style: 2 Story
  • Total Tax Amount: 1587.65
  • Total Tax Year: 2016
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceramic Floors, Hardwood Floors
  • Basement: Yes
  • Basement: Block
  • Bedrooms: 6
  • Bedroom 1: On Main Floor, Dimensions: 11 x 13
  • Bedroom 2: On Upper Floor, Dimensions: 11 x 11
  • Bedroom 3: On Upper Floor, Dimensions: 13 x 13
  • Bedroom 4: On Upper Floor, Dimensions: 10 x 12
  • Bedroom 5: On Upper Floor, Dimensions: 10 x 11
  • Bedroom 6: On Upper Floor, Dimensions: 10 x 11
  • Bathrooms Description: First Flr Full Bathroom
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room Types: Family Room
  • Dining Room: On Main Floor, Dimensions: 12 x 7
  • Family Room: On Main Floor, Dimensions: 19 x 11
  • Kitchen: On Main Floor, Dimensions: 13 x 8
  • Living Room: On Main Floor, Dimensions: 15 x 11
  • Other Room1: Dimensions: 10x6, On Level: Main
  • Below Grade Sq Ft: 1041
  • Above Grade Finished Sq Ft: 2000
  • Total Finished Sq Ft: 2000

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Foundation: Basement
  • Frontage: 50
  • Road: City/County, Paved Street

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: XA0-700-0005-00
  • Zoning: Residential
  • Lot Dimensions: 50x160
  • Acreage: 0.18
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2016, Amount: $1,290.23
  • Winter Tax: Year: 2016, Amount: $297.42
  • Total Tax: Year: 2016, Amount: $1,587.65

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Phillips Benjamin
Bought by
Flores Brandie and Hannah Kyle
Current Estimated Value
$241,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Outstanding Balance
$154,112
Interest Rate
2.73%
Mortgage Type
FHA
Estimated Equity
$87,163

Purchase Details

Listed on
Jan 13, 2017
Closed on
Feb 27, 2017
Sold by
Lane Michael L and Gosselin Michael L
Bought by
Phillips Benjamin
Seller's Agent
Danielle Stepp
Foundation Realty, LLC-Tecumseh
Buyer's Agent
Danielle Stepp
Foundation Realty, LLC-Tecumseh
List Price
$137,500
Sold Price
$137,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$135,009
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2013
Sold by
Lane Mischel K
Bought by
Lane Mischel K and Gosselin Michael L

Purchase Details

Closed on
May 19, 2010
Sold by
Gmac Mortgage Llc
Bought by
Lane Mischel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
4.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Oct 1, 2009
Sold by
Valdez Laban and Valdez Michelle
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 8, 2005
Sold by
Foster George E
Bought by
Valdez Laban and Valdez Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,900
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flores Brandie $175,000 None Available
Phillips Benjamin $137,500 None Available
Lane Mischel K -- None Available
Lane Mischel K $66,000 None Available
Gmac Mortgage Llc -- None Available
Mortgage Electronic Registration Systems $113,802 None Available
Valdez Laban $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Brandie $171,830
Previous Owner Phillips Benjamin $135,009
Previous Owner Lane Mischel K $52,800
Previous Owner Valdez Laban $72,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $137,500 0.0% $69 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $137,500 -- $69 / Sq Ft
Source: Michigan Multiple Listing Service

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 $5,598 $107,500 $0 $0
2024 $3,557 $100,700 $0 $0
2023 $4,068 $92,900 $0 $0
2022 $3,578 $86,100 $0 $0
2021 $3,041 $79,200 $0 $0
2020 $3,030 $73,200 $0 $0
2019 $139,242 $69,600 $0 $0
2018 $2,930 $81,523 $0 $0
2017 $1,600 $50,079 $0 $0
2016 $1,588 $42,127 $0 $0
2014 -- $37,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Danielle Stepp

    Seller's Agent in 2017

    Danielle Stepp

    Foundation Realty, LLC-Tecumseh

    (517) 392-3828

    39 in this area

    263 Total Sales

    Danielle Stepp
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31313702

Michigan Multiple Listing Service

APN: XA0-700-0005-00

Michigan Lenawee County Adrian 49221

515 S Madison St Unit MADISON, Adrian, MI

Not Listed for Sale

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