NOT LISTED FOR SALE

517 E Michigan Ave Albion, MI 49224

Albion Area

Estimated Value: $309,000 - $432,000

5 Beds
5.5 Baths
3,688 Sq Ft
$99/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2020

Last sale price $210,000 $57 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,734 / mo

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • 2 Fireplaces
  • Baseboard Heating

About This Home

As of September 2020

Dream home alert! Rare opportunity to own one of the most beautiful homes in the entire area and extremely close to Albion College! This home has been an operating Bed and Breakfast for the past 15 years and the owners want to simplify and retire. While the pictures are beautiful, you need to see this home in person.

Some highlights include a large formal dining room, gourmet kitchen, huge master bedroom suite, formal living room and a cozy TV room. Every bedroom has its own bathroom and fixtures range from tiled showers to a claw foot bathtub to a whirlpool tub. One bedroom has its own fireplace. The lot is extremely deep and somewhat secluded with tasteful landscaping. There are a number of places to relax with two outdoor patios or the gorgeous three season room. There is also parking for B&B guests.

Bed and breakfast furniture may be purchased at an additional price should the buyer want to reopen the business. The sellers will also provide all operational knowledge and past client records. What a great way to pay your mortgage!

Last Agent to Sell the Property

Joseph Verbeke

ACE Real Estate Services License #6502431448 Listed on: 08/24/2020

Last Buyer's Agent

Joseph Verbeke

ACE Real Estate Services License #6502431448 Listed on: 08/24/2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,380

Year Built

  • Built in 1912

Lot Details

  • 16,814 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,688 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • Baseboard Heating

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,380

Year Built

Built in 1912

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 3
  • Year Built: 1912
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 74.54
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 85� x 198�
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3688.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 3380.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Heat Type:Baseboard: Yes
  • General Property Info:SqFt Above Grade: 3688.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Basement: Full
  • LivingArea: 3688.0
  • General Property Info:Stories2: 3.0
  • Basement Rooms:Total Basement SQFT: 1000.0

Exterior Features

  • Construction Materials: Brick, Stucco
  • List Price: 274900.0
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Garage: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Forced Air, Radiant
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Dimensions: 85� x 198�
  • Lot Size Sq Ft: 16814.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3380.0
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Sep 11, 2020
Sold by
Lewin Richard C and Slater Mary M
Bought by
Seller's Agent
Joseph Verbeke
ACE Real Estate Services
Buyer's Agent
Joseph Verbeke
ACE Real Estate Services
List Price
$279,900
Sold Price
$210,000
Premium/Discount to List
-$69,900
-24.97%
Current Estimated Value
$363,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,304
Avg. Annual Appreciation
9.57%

Purchase Details

Closed on
Nov 10, 2003
Sold by
Albion College
Bought by
Lewin Richard C and Sister Mary M

Purchase Details

Closed on
Aug 27, 2003
Sold by
Hart Peter and Hart Maureen
Bought by
Albion College

Purchase Details

Closed on
Nov 29, 2001
Sold by
Trammel David and Trammel Rebecca
Bought by
Hart Peter and Hart Maureen
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Albion, MI

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$210,000 None Available
Lewin Richard C $176,000 Chicago Title
Albion College $168,300 --
Hart Peter $157,900 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $210,000 -25.0% $57 / Sq Ft
08/24/2020 08/24/20 For Sale $279,900 -- $76 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,758 $219,200 $0 $0
2025 $4,242 $193,200 $0 $0
2024 $3,849 $174,500 $0 $0
2023 $7,372 $141,200 $0 $0
2022 $3,804 $114,900 $0 $0
2021 $7,915 $123,200 $0 $0
2020 $2,622 $118,500 $0 $0
2019 $3,355 $101,300 $0 $0
2018 $3,355 $80,800 $12,300 $68,500
2017 $0 $61,900 $0 $0
2016 $0 $59,800 $0 $0
2015 -- $65,500 $0 $0
2014 -- $72,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 19039251

MichRIC

APN: 51-002-032-00

Your Personal Tour Guide

Ask me questions while you tour the home.