NOT LISTED FOR SALE

518 E Michigan St Reading, MI 49274

Estimated Value: $112,000 - $161,000

3 Beds
1 Bath
1,364 Sq Ft
$106/Sq Ft Est. Value

Last Sold January 06, 2016

Last sale price $11,900 $9 Per Sq Ft

Est. 1,112% increase in value since last sale

Current estimated payment $819/month

112 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating System

About This Home

As of January 2016

Great starter home. 3 possible 4 bedroom home has all natural woodwork through out , large rooms and plenty of space to roam. Large yard and open porch . "This property is now under auction terms. Pre-sale offers should be submitted through www.hudsonandmarshall.com. This property is subject to a 5% (with a min of $1500) buyer's premium pursuant to the Auction Terms & Conditions. Please contact the listing agent for commission and details, as commissions may change between the pre-sale and auction periods. This is a reserve auction and all offers are subject to seller approval. Please contact listing agent for details.

Last Agent to Sell the Property

Rob Gish

Your Future Investment Prop License #6502400209 Listed on: 08/20/2015

Co-Listed By

Gena Foster

CHACE PROPERTIES LLC License #6502361281

Last Buyer's Agent

Rob Gish

Your Future Investment Prop License #6502400209 Listed on: 08/20/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 60x103x257

Interior Spaces

  • 1,364 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1930
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 13.12
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x103x257
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1364.0
  • General Property Info:Design: Other
  • Tax Info:Annual Property Tax: 1437.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Location Property Info:Subdivision2: na
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1364.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1364.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 504.0

Exterior Features

  • Exterior Features: Porch(es)
  • List Price: 17900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Features:Porch(es): Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Other
  • Association: No

Association/Amenities

  • Association Info:Assoc Fee Payable: Other

Lot Info

  • Lot Size Acres: 0.61
  • Lot Size Area: 0.61
  • Lot Dimensions: 60x103x257
  • Lot Size Sq Ft: 26571.6
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1437.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2015
Closed on
Dec 21, 2015
Sold by
Fannie Mae
Bought by
Rn Property Llc
Seller's Agent
Rob Gish
Your Future Investment Prop
Buyer's Agent
Rob Gish
Your Future Investment Prop
Sold Price
$11,900
Current Estimated Value
$144,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,348
Avg. Annual Appreciation
28.34%

Purchase Details

Closed on
Apr 24, 2015
Sold by
Hess Renita C
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Dec 19, 2003
Bought by
Hess Renita C

Purchase Details

Closed on
Sep 9, 1997
Sold by
Jones, Elwin D Estate
Bought by
Lane Sharon L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rn Property Llc $11,900 First American Title
Fannie Mae $16,700 None Available
Hess Renita C $52,500 --
Lane Sharon L $40,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2016 01/06/16 Sold $11,900 -- $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 $781 $55,800 $0 $0
2024 $8 $54,100 $0 $0
2023 $728 $41,200 $0 $0
2022 $1,632 $34,100 $0 $0
2021 $1,588 $32,600 $0 $0
2020 $1,580 $28,900 $0 $0
2019 $1,540 $27,800 $0 $0
2018 $1,485 $27,800 $0 $0
2017 $1,445 $26,600 $0 $0
2016 $1,433 $26,200 $0 $0
2015 $506 $26,200 $0 $0
2013 $490 $20,880 $0 $0
2012 $501 $21,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rob Gish

    Your Future Investment Prop

  • Gena Foster

    Seller Co-Listing Agent in 2016

    Gena Foster

    CHACE PROPERTIES LLC

    (517) 416-3852

    13 Total Sales

    Gena Foster
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Map

Source: MichRIC

MLS Number: 21078363

MichRIC

APN: 20-110-002-104-23-7-4

Michigan Hillsdale County Reading 49274

518 E Michigan St, Reading, MI

Not Listed for Sale

Detached

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