NOT LISTED FOR SALE

518 Ruskin Dr Algonac, MI 48001

Estimated Value: $223,000 - $277,000

4 Beds
1 Bath
1,600 Sq Ft
$160/Sq Ft Est. Value

Last Sold February 15, 2016

Last sale price $90,000 $56 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $1,699/month

20 Days on Market

About This Home

As of February 2016

4 BEDROOM HOME WITH CANAL FRONTAGE ON BOTH SIDES, STEEL SEAWALL, 1600 SQ FT 1.5 BATHS ON AN LARGE LOT 100X90.98. ALGONAC SCHOOLS!

Last Agent to Sell the Property

Keith Pionk

KMP Realty LLC License #MISPE-6502366740 Listed on: 06/30/2015

Last Buyer's Agent

Keith Pionk

KMP Realty LLC License #MISPE-6502366740 Listed on: 06/30/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,244

Year Built

  • Built in 1925

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 100x98.89

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 01-159-0042-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,244

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Structure Style: 2 Story
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bedroom 1: On Entry Level, Dimensions: 9 x 13
  • Bedroom 2: On 2nd Floor, Dimensions: 11 x 10
  • Bedroom 3: On 2nd Floor, Dimensions: 9 x 7
  • Bedroom 4: On 2nd Floor, Dimensions: 10 x 7
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Breakfast Nook: On Entry Level, Dimensions: 13 x 7
  • Dining Room: On Entry Level, Dimensions: 10 x 13
  • Kitchen: On Entry Level, Dimensions: 8 x 6
  • Living Room: On Entry Level, Dimensions: 15 x 10
  • Sun Room: On Entry Level, Dimensions: 23 x 7
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1600
  • Total Finished Sq Ft: 1600

Exterior Features

  • Foundation: Crawl
  • Frontage: 100

Utilities

  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 01-159-0042-000
  • Lot Dimensions: 100X98.89
  • Acreage: 0.21
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $2,395.00
  • Winter Tax: Year: 2014, Amount: $169.00
  • SEV Year: 2013

MLS Schools

  • School District: Algonac Community School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Feb 12, 2016
Sold by
Secretary Housing Urban Development
Bought by
Reinke Frederick
Seller's Agent
Keith Pionk
KMP Realty LLC
Buyer's Agent
Keith Pionk
KMP Realty LLC
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Current Estimated Value
$256,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,436
Avg. Annual Appreciation
12.18%
Original Mortgage
$96,731
Outstanding Balance
$79,427
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$184,272

Purchase Details

Closed on
Sep 26, 2014
Sold by
Flagstar Bank Fsb
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Mar 13, 2014
Sold by
Gusho William T and Gusho Patricia M
Bought by
Flagstar Bank Fsb
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
Reinke Frederick $90,000 Partners Title Agency
The Secretary Of Housing & Urban Develop -- Attorney
Flagstar Bank Fsb $130,610 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinke Frederick $96,731
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2016 02/15/16 Sold $90,000 -5.3% $56 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $95,000 -- $59 / 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
2024 $3,244 $136,600 $0 $0
2023 $3,020 $114,700 $0 $0
2022 $3,196 $99,700 $0 $0
2021 $3,057 $90,500 $0 $0
2020 $3,059 $84,700 $39,000 $45,700
2019 $3,021 $80,200 $0 $0
2018 $2,963 $71,200 $0 $0
2017 $2,836 $62,200 $0 $0
2016 $2,325 $62,200 $0 $0
2015 -- $61,500 $39,000 $22,500
2014 -- $67,300 $39,000 $28,300
2013 -- $62,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31252126

Michigan Multiple Listing Service

APN: 01-159-0042-000