NOT LISTED FOR SALE

54 W Elizabeth St Lake Orion, MI 48362

Estimated Value: $106,000 - $967,000

3 Beds
1 Bath
1,372 Sq Ft
$353/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $80,000 $58 Per Sq Ft

Est. 505% increase in value since last sale

Current estimated payment $2,914/month

13 Days on Market

Highlights

  • Ground Level Unit
  • No HOA
  • Hay Barn
  • Paint Creek Elementary School Rated A-
  • Bungalow
  • 1-Story Property

About This Home

As of July 2022

Existing home dates back to about 1850 but is in very poor condition along with the old barn. We feel most people will be buying this for the property and removing the old structures so they can build a new home on this gorgeous 3/4 acre lot in the Village of Lake Orion. No access to the barn for safety reasons and limited access to the home because there is no electricity. Perfect location for new home to be built between the existing home and the barn. The grade will allow for either a daylight or walkout basement. NO KIDS PLEASE!

Last Agent to Sell the Property

Lee Barclay

Max Broock Realtors Oxford License #6501188098 Listed on: 06/17/2022

Max Broock Realtors Oxford

Last Buyer's Agent

Darlene Kujanek

Berkshire Hathaway HomeServices Kee Realty License #6502392701

Berkshire Hathaway HomeServices Kee Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1850 | Remodeled in 1989

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 109x33x95x385

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,372 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Ground Level Unit
  • Hay Barn

Community Details

  • No Home Owners Association
  • Suprvr's Plat No 8 Orion Vlg Subdivision
  • Property is near a ravine

Listing and Financial Details

  • Assessor Parcel Number 0902426006

Home Details

Home Type

Single Family

Year Built

Built in 1850 | Remodeled in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 Story
  • Year Built: 1850
  • State Equalized Value: 7700.0000
  • Year Renovated: 1989
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 4
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Type: Unfinished
  • Sq Ft Combined: 1372
  • Total Sq Ft: 1372
  • Sq Ft Total Bsmt: 1062

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Aluminum, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 109
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Water at Street

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Orion

Lot Info

  • Homestead: Yes
  • Lot Features: Hilly-Ravine
  • Lot Size Area: 0.75
  • Lot Dimensions: 109x33x95x385
  • Parcel Number: 0902426006

Tax Info

  • Tax Amount Summer: 2200.0000
  • Tax Amount Winter: 345.0000
  • Total Tax: 2545.0000
  • Taxable Value: 46500.0000

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Jul 11, 2022
Sold by
Malcolm Odell James
Bought by
Bailo Brenton T and Ballo Claudia E
Seller's Agent
Lee Barclay
Max Broock Realtors Oxford
Buyer's Agent
Darlene Kujanek
Berkshire Hathaway HomeServices Kee Realty
List Price
$99,500
Sold Price
$80,000
Premium/Discount to List
-$19,500
-19.6%
Total Days on Market
13
Current Estimated Value
$484,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,000
Avg. Annual Appreciation
42.48%
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
Bailo Brenton T $80,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailo Brenton $838,400
Previous Owner Odell James M $31,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $80,000 -10.6% $58 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $89,500 -10.1% $65 / Sq Ft
06/17/2022 06/17/22 For Sale $99,500 -- $73 / Sq Ft
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 $2,364 $46,960 $0 $0
2023 $3,383 $61,870 $0 $0
2022 $2,649 $83,050 $0 $0
2021 $2,544 $76,470 $0 $0
2020 $2,217 $64,140 $0 $0
2019 $1,371 $59,160 $0 $0
2018 $2,286 $56,640 $0 $0
2017 $2,158 $56,640 $0 $0
2016 $2,299 $53,050 $0 $0
2015 -- $49,680 $0 $0
2014 -- $45,540 $0 $0
2011 -- $44,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221006507

Realcomp

APN: 09-02-426-006