NOT LISTED FOR SALE

516 Gray St Dowagiac, MI 49047

Estimated Value: $100,000 - $291,000

3 Beds
1 Bath
1,228 Sq Ft
$137/Sq Ft Est. Value

Last Sold September 15, 2016

Last sale price $26,000 $21 Per Sq Ft

Est. 549% increase in value since last sale

Current estimated payment $1,053/month

187 Days on Market

Highlights

  • Corner Lot: Yes
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Porch
  • Shed
  • 1-Story Property

About This Home

As of September 2016

Great opportunity for first time home buyer or starter home. With a little updating this home could be awesome! Home has great bones and character. Corner lot in a small charming community. Property is being sold subject to HUD Guidelines 24 CFR 206.125. Independent verification is recommended. Listing office makes no guarantee on the accuracy. This is not a HUD home.

Last Agent to Sell the Property

Robbie Brower

Bellabay Realty LLC License #6506049109 Listed on: 02/11/2016

Bellabay Realty LLC

Last Buyer's Agent

Lissa Carter

Carmac Realty License #6502421617

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 7,840 Sq Ft Lot
  • Lot Dimensions are 61x125
  • Corner Lot: Yes

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,228 Sq Ft Home
  • 1-Story Property
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling 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

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 23.62
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 61x125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1228.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 971.0
  • Tax Info:Zoning3: res
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1228.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1228.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 29000.0
  • Lot Features: Corner Lot
  • Other Structures: Shed(s)
  • Patio and Porch Features: Porch(es)
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio and Porch Features:Porch(es): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Dimensions: 61x125
  • Lot Size Sq Ft: 7840.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 971.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2016
Closed on
Aug 28, 2016
Sold by
Reverse Mortgage Solutions Inc
Bought by
Zachary Gerald and Zachary Debra
Seller's Agent
Robbie Brower
Bellabay Realty LLC
Buyer's Agent
Lissa Carter
Carmac Realty
List Price
$38,000
Sold Price
$26,000
Premium/Discount to List
-$12,000
-31.58%
Current Estimated Value
$168,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,716
Avg. Annual Appreciation
22.27%

Purchase Details

Closed on
Dec 16, 2015
Sold by
Haskins Allan D
Bought by
Reverse Mortgage Solutions Inc

Purchase Details

Closed on
Sep 8, 2009
Sold by
Estate Of Ida Marie Haskins
Bought by
Haskins Allan D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zachary Gerald $26,000 None Available
Reverse Mortgage Solutions Inc $45,000 Attorney
Haskins Allan D $62,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2016 09/15/16 Sold $26,000 -31.6% $21 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $38,000 -- $31 / 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 $2,068 $56,800 $56,800 $0
2024 $977 $51,600 $51,600 $0
2023 $899 $47,100 $0 $0
2022 $855 $41,700 $0 $0
2021 $1,764 $34,500 $0 $0
2020 $822 $31,800 $0 $0
2019 $2,055 $28,700 $0 $0
2018 $784 $28,000 $0 $0
2017 $768 $27,000 $0 $0
2016 $814 $25,800 $0 $0
2015 -- $27,500 $0 $0
2011 -- $26,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 16005632

MichRIC

APN: 14-160-300-759-00