NOT LISTED FOR SALE

524 N 16th St Niles, MI 49120

Estimated Value: $93,000 - $110,000

2 Beds
1 Bath
801 Sq Ft
$129/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $17,200 $21 Per Sq Ft

Est. 503% increase in value since last sale

Current estimated payment $649/month

16 Days on Market

About This Home

As of July 2018

great investment opportunity , great location , walking distance to schools and most amenities.

Last Agent to Sell the Property

Thomas Tracey

RE/MAX Modern Realty, Inc. License #6501190463 Listed on: 06/10/2018

Last Buyer's Agent

Jennifer Inman

Red Shoe Realty License #6506045699

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 6,204 Sq Ft Lot
  • Lot Dimensions are 47x132

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 801 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating 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 1940

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Architectural Style Bungalow: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 801.0
  • Basement Rooms:Total Basement SQFT: 400.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 19900.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 47x132
  • Lot Size Sq Ft: 6204.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 533.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2018
Closed on
Aug 10, 2018
Sold by
Seasoned Funding Llc
Bought by
Inman Steve
Seller's Agent
Thomas Tracey
RE/MAX Modern Realty, Inc.
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$21,000
Sold Price
$17,200
Premium/Discount to List
-$3,800
-18.1%
Current Estimated Value
$103,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,475
Avg. Annual Appreciation
28.89%

Purchase Details

Listed on
Jun 10, 2018
Closed on
Jul 1, 2018
Sold by
Seasoned Funding Llc
Bought by
Mckay James W and Hamman Amber M
Seller's Agent
Thomas Tracey
RE/MAX Modern Realty, Inc.
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$21,000
Sold Price
$17,200
Premium/Discount to List
-$3,800
-18.1%

Purchase Details

Closed on
May 9, 2017
Sold by
Harbour Portfolio Vii Lp
Bought by
Seasoned Funding Llc

Purchase Details

Closed on
Jun 4, 2013
Sold by
Harbour Portfolio Vii Lp
Bought by
Mckay James W and Hamman Amber M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,270
Interest Rate
9.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 24, 2012
Sold by
Fannie Mae
Bought by
Harbour Portfolio Vii Lp

Purchase Details

Closed on
Dec 28, 2011
Sold by
Chemical Bank
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Dec 22, 2011
Sold by
Radlein Catherine A
Bought by
Chemical Bank

Purchase Details

Closed on
Mar 21, 2007
Sold by
Vandendriessche Joseph and Vandendriessche Sheila
Bought by
Radlein Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2003
Sold by
Jones Mary L
Bought by
Vandendriessche Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,705
Interest Rate
9.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 2, 1995

Purchase Details

Closed on
Feb 7, 1995

Purchase Details

Closed on
Aug 28, 1986
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
Inman Steve $17,200 Chicago Title
Mckay James W $17,500 Chicago Title Of Michigan In
Seasoned Funding Llc $6,000 None Available
Mckay James W $35,000 None Available
Harbour Portfolio Vii Lp $9,323 None Available
Fannie Mae -- None Available
Chemical Bank $53,710 None Available
Radlein Catherine A $52,000 None Available
Vandendriessche Joseph $43,900 Chicago Title
-- -- --
-- $27,500 --
-- $13,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inman Steve $60,000
Previous Owner Mckay James W $34,270
Previous Owner Radlein Catherine A $52,000
Previous Owner Vandendriessche Joseph $41,705
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $17,200 -18.1% $21 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
06/10/2018 06/10/18 For Sale $21,000 -- $26 / 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 $869 $33,800 $0 $0
2024 $448 $29,800 $0 $0
2023 $430 $20,700 $0 $0
2022 $409 $16,200 $0 $0
2021 $755 $14,900 $2,200 $12,700
2020 $746 $13,600 $0 $0
2019 $736 $13,600 $1,500 $12,100
2018 $587 $13,600 $0 $0
2017 $1,196 $16,200 $0 $0
2016 $533 $15,100 $0 $0
2015 $531 $14,600 $0 $0
2014 $406 $13,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18026458

Southwestern Michigan Association of REALTORS®

APN: 11-72-6080-0027-00-7