NOT LISTED FOR SALE

531 E Lake Dr Lakeview, MI 48850

Estimated Value: $61,064 - $278,000

4 Beds
3 Baths
3,800 Sq Ft
$45/Sq Ft Est. Value

Sale Details

Date Sold: February 3, 2012

Last sale price $25,000 $7 Per Sq Ft

Est. 578% increase in value since last sale

Current estimated payment $1,101 / mo

111 Days on Market

Highlights

  • 160 Feet of Waterfront
  • Colonial Architecture
  • Living Room with Fireplace
  • Lakeview Elementary School Rated 9+
  • Community Lake
  • Corner Lot: Yes

About This Home

As of February 2012

Could be a nice large family home or possible commercial use as a bed and breakfast with Village approvals and zoning. Home has possibility of at least 6 bedrooms. Home has been stripped down to the studs. Cash sale. Home is sold as-is. Plumbing is not up and operational. Road runs between home and all sports waterfront to Tamarack Lake. Home has 2 fireplaces-one on the main level and one on the upper level. Home is eligible under Freddie Mac First Look Initiative through September 29, 2011, where only owner occupant offers will be considered.

Last Agent to Sell the Property

Marcy Myers

Your Team Realty License #6502324643 Listed on: 09/14/2011

Last Buyer's Agent

Marcy Myers

Your Team Realty License #6502324643 Listed on: 09/14/2011

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 15,682 Sq Ft Lot
  • Lot Dimensions are 160 x 97.84
  • 160 Feet of Waterfront
  • Corner Lot: Yes

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick or Stone Mason
  • Vinyl Siding
  • Stone

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Water Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Community Details

Overview

  • Community Lake

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0.36 Acres

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Colonial
  • Stories: 1
  • Year Built: 1930
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 7.34
  • General Property Info:Lot Dimensions: 160 x 97.84
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3800.0
  • General Property Info:Design: Colonial
  • Tax Info:Annual Property Tax: 4571.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: Yes
  • Garage Type Attached: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Waterfront Options:Water Frontage3: 160.0
  • Lot Description:Corner Lot: Yes
  • General Property Info:Fireplace: No
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 3800.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Living
  • Fireplace: No
  • Basement: Full
  • LivingArea: 3800.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 1900.0
  • Fireplace:Living: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Stone
  • List Price: 27900.0
  • Water Body Name: Tamarack Lake
  • Waterfront Features: All Sports
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Exterior Material:Stone: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_one_: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake

Association/Amenities

  • Water Fea Amenities:All Sports: Yes

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size Area: 0.36
  • Lot Dimensions: 160 x 97.84
  • Lot Size Sq Ft: 15682.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4571.0
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2009
Sold by
Zamarripa Max P Frank
Bought by
Current Estimated Value
$169,532

Purchase Details

Closed on
Aug 30, 2007
Sold by
Ogan Nancy C
Bought by
Zamarripa Max P Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1993
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$143,000 --
Zamarripa Max P Frank $150,000 --
-- $70,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $142,500
Previous Owner Ogan Nancy C $89,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/03/2012 02/03/12 Sold $25,000 -49.9% $7 / Sq Ft
01/03/2012 01/03/12 Pending -- -- --
09/14/2011 09/14/11 For Sale $49,900 -- $13 / Sq Ft
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 -- $0 $0 $0
2025 -- $0 $0 $0
2024 -- $0 $0 $0
2022 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 11051099

MichRIC

APN: 042-140-001-00

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