NOT LISTED FOR SALE

516 W Elm St Wayland, MI 49348

Estimated Value: $236,000 - $298,000

4 Beds
2 Baths
1,800 Sq Ft
$141/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $145,000 $81 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,693/month

18 Days on Market

Highlights

  • 2 Car Detached Garage
  • Living Room
  • Forced Air Heating System
  • Patio
  • Garden
  • Ceiling Fan

About This Home

As of December 2020

Conveniently located near US 131, schools, shopping, parks, and downtown Wayland, this 3 bedroom, 1.5 full bathroom home is sure to check off all your boxes. From the large backyard to the partially finished lower level, this home has plenty of living space throughout. Get ready to channel your inner Chip and Joanna Gaines as you make updates to this home to make it your own!

Last Agent to Sell the Property

Heather Klompmaker

@HomeRealty Holland Listed on: 11/03/2020

Co-Listed By

Ellen Jansen

Coldwell Banker Woodland Schmidt License #6501403870

Last Buyer's Agent

Ann Scott

ERA Reardon Realty Great Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,922

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66x98
  • Garden
  • Property is zoned R-2, R-2

Parking

  • 2 Car Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Dishwasher
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,922

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1971
  • ResoPropertyType: Residential
  • Architectural Style:Ranch: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1800.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Finished SQFT: 744.0
  • Basement Rooms:Total Basement SQFT: 1056.0
  • Appliances Dishwasher: Yes
  • Fireplace:Wood Burning: Yes
  • Below Grade Sq Ft: 744.0

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 160000.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 66X98
  • Lot Size Sq Ft: 13068.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1922.17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Dec 18, 2020
Sold by
Johnson Martin L and Johnson Martin
Bought by
Billingsley Markwane
Seller's Agent
Heather Klompmaker
@HomeRealty Holland
Buyer's Agent
Ann Scott
ERA Reardon Realty Great Lakes
List Price
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%
Current Estimated Value
$253,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,863
Avg. Annual Appreciation
13.13%
Original Mortgage
$140,650
Outstanding Balance
$126,369
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$127,494

Purchase Details

Closed on
Dec 5, 2013
Sold by
Johnson Martin and Johnson Darlene
Bought by
Johnson Martin

Purchase Details

Closed on
Dec 23, 1998
Bought by
Johnson Martin and Johnson Darlene

Purchase Details

Closed on
Apr 23, 1997
Sold by
Wabeke Elvin
Bought by
Wabeke Elvin & Ruth Trust
Source: Public Records

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Range of Values:

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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
Billingsley Markwane $145,000 Chicago Title Of Mi Inc
Johnson Martin -- None Available
Johnson Martin -- --
Wabeke Elvin & Ruth Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Billingsley Markwane $140,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $145,000 -9.4% $81 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $160,000 -- $89 / Sq Ft
Source: Southwestern Michigan 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 $3,412 $103,100 $11,700 $91,400
2024 $3,099 $93,600 $9,400 $84,200
2023 $3,099 $82,300 $8,600 $73,700
2022 $3,099 $73,300 $7,900 $65,400
2021 $1,980 $66,800 $7,300 $59,500
2020 $1,980 $63,200 $7,300 $55,900
2019 $1,881 $61,300 $7,300 $54,000
2018 $1,881 $58,000 $7,300 $50,700
2017 $0 $58,800 $7,300 $51,500
2016 $0 $49,300 $7,300 $42,000
2015 -- $49,300 $7,300 $42,000
2014 -- $43,600 $7,300 $36,300
2013 -- $39,900 $7,300 $32,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20046141

Southwestern Michigan Association of REALTORS®

APN: 56-450-142-00