NOT LISTED FOR SALE

5390 Inverrary Ln Commerce Township, MI 48382

Estimated Value: $160,000 - $334,000

0.48 Acre
$478,917 Price per Acre
20,909 Sq Ft Lot

Last Sold June 07, 2012

Last sale price $75,000

Est. 207% increase in value since last sale

Current estimated payment $1,469/month

460 Days on Market

About This Lot

As of June 2012

Yes! a waterfront lot on Lake Sherwood. 112 ft of frontage on the north canal in the last build out of new waterfront homes. Old perk shows need for Engineered Septic (ask price reflects need). Great possibilities for walk out site. Seller will finance purchase with three year contract, or cash is always welcome. Bring your builder or use ours.

Last Agent to Sell the Property

H Glen Betts

1st in Michigan R E Services License #6504376541 Listed on: 03/03/2011

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Property Type

  • Land

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 101x112x208x186
  • Home fronts a canal

Property Views

  • Water Views

Listing and Financial Details

  • Assessor Parcel Number 1706328007

Community Details

Overview

  • Wildwood Forest Subdivision

Recreation

  • Water Sports

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: annual dues to HOA
  • State Equalized Value: 75400.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: LAKE SHERWOOD
  • Waterfront: Yes
  • Frontage Feet: 112
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Waterfront Description: Canal Front

Utilities

  • Sewer: Septic-Needed
  • Water Source: Well-Needed

Schools

  • School District: Huron Valley

Lot Info

  • Geo Precision: 6
  • List Price per Acre: 156250.0000
  • Lot Features: Water View, Possible Basement, Possible Daylight, Possible Walkout
  • Lot Size Area: 0.48
  • Lot Dimensions: 101X112X208X186
  • Parcel Number: 1706328007
  • Zoning: Residential
  • Improvements: Curbs, Electric, Gas
  • PERK: Yes
  • Survey: Yes

Rental Info

  • Deposit Amount: 15000.00

Tax Info

  • Tax Amount Summer: 1627.0000
  • Tax Amount Winter: 278.0000
  • Total Tax: 1905.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Huron Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2011
Closed on
Jun 7, 2012
Sold by
David & Joyce Bailey Family Investments
Bought by
Myrold Kris S and Myrold Joyce E
Seller's Agent
H Glen Betts
1st in Michigan R E Services
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$125,000
Sold Price
$75,000
Premium/Discount to List
-$50,000
-40%
Current Estimated Value
$229,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,880
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Feb 14, 2012
Sold by
Oakland County Treasurer
Bought by
D & J Railey Family Inv

Purchase Details

Closed on
Mar 31, 1997
Sold by
Bailey David E
Bought by
Bailey David E
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
Myrold Kris S $75,000 None Available
D & J Railey Family Inv $969 None Available
D & J Bailey Family Inv $3,139 None Available
Bailey David E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2012 06/07/12 Sold $75,000 -40.0% --
06/05/2012 06/05/12 Pending -- -- --
03/03/2011 03/03/11 For Sale $125,000 -- --
Source: Realcomp

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 $3,173 $119,660 $0 $0
2023 $3,025 $108,790 $0 $0
2022 $3,610 $95,640 $0 $0
2021 $3,381 $95,640 $0 $0
2020 $2,724 $86,940 $0 $0
2019 $3,240 $75,600 $0 $0
2018 $3,172 $75,600 $0 $0
2017 $3,118 $75,600 $0 $0
2016 $3,094 $75,600 $0 $0
2015 -- $63,000 $0 $0
2014 -- $63,000 $0 $0
2011 -- $67,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2012

    H Glen Betts

    1st in Michigan R E Services

    (248) 830-1505

    2 in this area

    17 Total Sales

    H Glen Betts
    Section Image

  • N

    Buyer's Agent in 2012

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2012

    Unidentified Agent

    Unidentified Office

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Map

Source: Realcomp

MLS Number: 211022429

Realcomp

APN: 17-06-328-007

Michigan Oakland County Commerce Township 48382

5390 Inverrary Ln, Commerce Township, MI

This home is located at 5390 Inverrary Ln, Commerce Township, MI 48382 since 03 March 2011 and is currently estimated at $229,880. 5390 Inverrary Ln is a home located in Oakland County with nearby schools including Country Oaks Elementary School, Oak Valley Middle School, and Christ Lutheran Christian Day 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.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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