NOT LISTED FOR SALE

525 Summer St Algonac, MI 48001

Estimated Value: $141,000 - $162,000

2 Beds
1 Bath
1,000 Sq Ft
$155/Sq Ft Est. Value

Last Sold May 22, 2012

Last sale price $17,500 $18 Per Sq Ft

Est. 787% increase in value since last sale

Current estimated payment $952/month

14 Days on Market

Highlights

  • 1-Story Property
  • 1.5 Car Garage
  • 4-minute walk to Algonac Waterfront Park

About This Home

As of May 2012

GREAT LOCATION, NICE HOME SITUATED NEAR CHURCHES,SHOPPING AND SCHOOLS THIS IS A BANK OF AMERICA REO PROPERTY ALL OFFERS NEED TO PROVIDE A PRE-APPROVAL LETTER BY A BANK OF AMERICA BRANCH OFFICE / MERRILL LYNCH BRANCH OFFICE. BANK REQUIRES EARNEST MONEY DEPOSIT TO BE A MINIMUM OF 1% OF THE OFFER AMOUNT TO BE HELD BY LISTING BROKER “Bank of America, N.A. employees and employees' household members of the Bank are prohibited from purchasing this property, whether directly or indirectly

Last Agent to Sell the Property

Frank Pace

Flat Rate Brokers License #MISPE-6502349197 Listed on: 04/11/2012

Last Buyer's Agent

David Fernandez

Real Estate One Westrick License #MISPE-6501225496

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,564

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Parking

  • 1.5 Car Garage

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 7400

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,564

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Structure Style: 1 Story
  • Year Built: 1950
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Above Grade Finished Sq Ft: 1000
  • Total Finished Sq Ft: 1000

Exterior Features

  • Foundation: Crawl
  • Frontage: 60

Garage/Parking

  • Garage Spaces: 1.5
  • Garage: Yes

Utilities

  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 7400
  • Lot Dimensions: 60 X 120
  • Acreage: 0.1
  • Map Side Numeric: 1
  • Map Top Alpha: A
  • Geo Subdivision: MI

MLS Schools

  • School District: Algonac Community School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2012
Closed on
May 14, 2012
Sold by
U S Bank National Association
Bought by
Friske Harry J
Seller's Agent
Frank Pace
Flat Rate Brokers
Buyer's Agent
David Fernandez
Real Estate One Westrick
List Price
$11,500,000
Sold Price
$17,500
Premium/Discount to List
-$11,482,500
-99.85%
Current Estimated Value
$155,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,679
Avg. Annual Appreciation
17.69%

Purchase Details

Closed on
Aug 18, 2011
Sold by
Vernier Shalana M
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 3, 2006
Sold by
Lozen Gerald F and Lozen Sally
Bought by
Vernier Shalana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,500
Interest Rate
6.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Friske Harry J $17,500 Etitle Agency Inc
Us Bank National Association $69,393 None Available
Vernier Shalana M $69,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vernier Shalana M $65,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2012 05/22/12 Sold $17,500 -99.8% $18 / Sq Ft
04/25/2012 04/25/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $11,500,000 -- $11,500 / 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
2025 $1,564 $63,500 $0 $0
2024 $1,471 $53,300 $0 $0
2023 $1,367 $49,700 $0 $0
2022 $1,377 $44,500 $0 $0
2021 $1,336 $42,200 $0 $0
2020 $1,337 $39,000 $12,500 $26,500
2019 $1,310 $31,200 $0 $0
2018 $1,287 $28,000 $0 $0
2017 $1,237 $24,700 $0 $0
2016 $1,174 $24,700 $0 $0
2015 -- $21,300 $12,500 $8,800
2014 -- $19,400 $12,500 $6,900
2013 -- $18,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2012

    Frank Pace

    Flat Rate Brokers

  • D

    Buyer's Agent in 2012

    David Fernandez

    Real Estate One Westrick

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31098219

Michigan Multiple Listing Service

APN: 01-105-0257-000

Michigan St. Clair County Algonac 48001

525 Summer St, Algonac, MI

This home is located at 525 Summer St, Algonac, MI 48001 since 11 April 2012 and is currently estimated at $155,179, approximately $155 per square foot. This property was built in 1950. 525 Summer St is a home located in St. Clair County with nearby schools including Algonac Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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