NOT LISTED FOR SALE

5307 Ruby Dr Gladwin, MI 48624

Estimated Value: $437,000 - $556,000

5 Beds
2 Baths
2,800 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $321,000 $115 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,816/month

15 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Cottage
  • Deck
  • Pole Barn
  • Attic Fan

About This Home

As of September 2020

Make your dreams come true with this private lake get-a-way on 5.5 Acres with 330 feet of beautiful clean waterfront on no wake, electric motors only - 70 acre Island Lake located in NW Gladwin. Close to State Forest lands, 32 miles North of Clare and 20 miles South of Houghton Lake, it's the perfect spot to enjoy being up North. Easy access to all the Michigan hot spots then you get to go back to the serenity and peace-n-quiet. As the owner you will enjoy ownership in Island Lake Corporation which allows access to 320 acres of wooded land that only the up to 60 Island Lake owners have access to. Loaded with trails, in the fall you can hunt and it is important to note that there is not any public access to this private lake. This may be exactly the home or cottage you have been waiting for. Current owners took over in the '90's and completely remodeled the home. 2800 sq ft, 5 bedrooms, 2 full baths with spacious main floor. Call listing agent to see interior video.

Last Agent to Sell the Property

Connie K Killingbeck

Keller Williams Realty GLBR License #MBR-6506044073 Listed on: 07/06/2020

Keller Williams Realty GLBR

Last Buyer's Agent

Non Member

Midland Board of REALTORS License #MBR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 5.5 Acre Lot
  • 330 Ft Wide Lot
  • Waterfront

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 3.5 Car Garage

Home Design

  • Cottage
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Attic Fan

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Pole Barn
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 26140-017-300-003-00

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Originating MLS: Midland Board of Realtors
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Cottage
  • Structure Style: 2 Story
  • Total Tax Amount: 1867
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block, Full, Unfinished
  • Bedrooms: 5
  • Bedroom 1: On 1st Floor, Dimensions: 14 x 14
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On 2nd Floor, Dimensions: 19 x 12
  • Bedroom 3: On 2nd Floor, Dimensions: 19 x 11
  • Bedroom 4: On 2nd Floor, Dimensions: 15 x 13
  • Bedroom 5: On 2nd Floor, Dimensions: 11 x 8
  • Bathrooms Description: MstrBdrm Full Bathroom, First Flr Full Bathroom, Second Flr Full Bathroom
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: Dimensions: 14 x 7, On Level: First
  • Bathroom 2: Dimensions: 10 x 9, On Level: Second, Flooring: Wood
  • Dining Room: On 1st Floor, Dimensions: 21 x 14
  • Dining Room Floor Covering: Carpet
  • Kitchen: On 1st Floor, Dimensions: 16 x 14
  • Kitchen Floor Covering: Wood
  • Laundry: In Basement, Dimensions: 9 x 9
  • Library Den: On 1st Floor, Dimensions: 18 x 7
  • Library Den Floor Covering: Carpet
  • Living Room: On 1st Floor, Dimensions: 28 x 13
  • Living Room Floor Covering: Carpet
  • Below Grade Sq Ft: 1053
  • Above Grade Finished Sq Ft: 2800
  • Total Finished Sq Ft: 2800

Exterior Features

  • Exterior: Stone, Wood
  • Exterior Features: Deck
  • Foundation: Basement
  • Frontage: 330
  • Water Features: Lake Frontage, Water View, Waterfront
  • Waterfront: Yes
  • Out Buildings: Pole Barn, Shed

Garage/Parking

  • Garage Spaces: 3.5
  • Parking: 3 or More Spaces, Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas, Wood
  • Sewer: Septic
  • Water: Private Well
  • Cooling: Ceiling Fan(s), Central A/C, Attic Fan

Condo/Co-op/Association

  • HOA Fees: 95
  • HOA Fee Frequency: Yearly
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 26140-017-300-003-00
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Treed
  • Lot Dimensions: irr
  • Acreage: 5.5
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $713.00
  • Winter Tax: Year: 2020, Amount: $1,154.00
  • Total Tax: Amount: $1,867.00

MLS Schools

  • School District: Harrison Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Sep 3, 2020
Sold by
Taylor D E & E J L Tr
Bought by
Benton Martins
Seller's Agent
Connie K Killingbeck
Keller Williams Realty GLBR
Buyer's Agent
Non Member
Midland Board of REALTORS
List Price
$310,000
Sold Price
$321,000
Premium/Discount to List
$11,000
3.55%
Current Estimated Value
$506,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,212
Avg. Annual Appreciation
8.96%
Original Mortgage
$304,950
Outstanding Balance
$271,120
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
$235,092
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benton Martins $321,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benton Martins $304,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2020 09/03/20 Sold $321,000 +0.3% $115 / Sq Ft
07/22/2020 07/22/20 Price Changed $320,000 +3.2% $114 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $310,000 -- $111 / Sq Ft
Source: Midland Board 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 $1,770 $255,500 $255,500 $0
2024 $1,724 $180,500 $180,500 $0
2023 $1,649 $176,200 $0 $0
2022 $4,281 $158,900 $0 $0
2021 $1,909 $144,900 $144,900 $0
2020 $1,909 $141,500 $141,500 $0
2019 $1,854 $137,900 $137,900 $0
2018 $1,802 $160,800 $160,800 $0
2016 $1,631 $125,100 $62,300 $62,800
2015 -- $105,600 $39,300 $66,300
2014 -- $102,200 $39,300 $62,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midland Board of REALTORS®

MLS Number: 50016695

Midland Board of REALTORS®

APN: 140-017-300-003-00