NOT LISTED FOR SALE

541 Cherry St Niles, MI 49120

Estimated Value: $142,000 - $215,000

4 Beds
2 Baths
1,700 Sq Ft
$104/Sq Ft Est. Value

Last Sold December 07, 2015

Last sale price $27,500 $16 Per Sq Ft

Est. 540% increase in value since last sale

Current estimated payment $1,083/month

42 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2015

Large 3 story 4 or 5 bedroom, 2 bath home with 2 car garage and large lot!

Last Agent to Sell the Property

David Miller

Berkshire Hathaway HomeServices Michigan Real Estate License #6501248747 Listed on: 10/14/2015

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Jessica Liles

@properties Christie's International R.E. License #6501358932

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 3-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Traditional
  • Stories: 3
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 16.41
  • General Property Info:Lot Dimensions: 100 x 200
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1700.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 970.46
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1700.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial
  • LivingArea: 1700.0
  • General Property Info:Stories2: 3.0
  • Basement Rooms:Total Basement SQFT: 350.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 27900.0
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.46
  • Lot Size Area: 0.46
  • Lot Dimensions: 100 x 200
  • Lot Size Sq Ft: 20000.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 970.46
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2015
Closed on
Dec 7, 2015
Sold by
Fannie Mae
Bought by
Davis Joseph
Seller's Agent
David Miller
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Jessica Liles
@properties Christie's International R.E.
List Price
$32,500
Sold Price
$27,500
Premium/Discount to List
-$5,000
-15.38%
Current Estimated Value
$176,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,570
Avg. Annual Appreciation
20.16%

Purchase Details

Closed on
Mar 9, 2015
Sold by
Green Tree Servicing Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 5, 2015
Sold by
Phrasattha Bouvanh
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Oct 30, 1986

Purchase Details

Closed on
Nov 15, 1979

Purchase Details

Closed on
Oct 15, 1979

Purchase Details

Closed on
Jan 3, 1977

Purchase Details

Closed on
Mar 1, 1975
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Davis Joseph $27,500 Attorney
Fannie Mae -- Attorney
Green Tree Servicing Llc $61,742 None Available
-- $30,600 --
-- $23,000 --
-- $14,000 --
-- $14,000 --
-- $14,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2015 12/07/15 Sold $27,500 -15.4% $16 / Sq Ft
11/25/2015 11/25/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $32,500 -- $19 / Sq Ft
Source: MichRIC

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 $1,938 $82,500 $0 $0
2024 $1,500 $75,900 $0 $0
2023 $1,438 $66,300 $0 $0
2022 $1,369 $61,700 $0 $0
2021 $1,694 $57,600 $5,100 $52,500
2020 $1,676 $44,900 $0 $0
2019 $1,656 $53,800 $13,900 $39,900
2018 $2,460 $53,800 $0 $0
2017 $2,433 $45,600 $0 $0
2016 $2,391 $42,600 $0 $0
2015 $1,243 $39,200 $0 $0
2014 $955 $39,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 15054768

MichRIC

APN: 11-73-2730-0032-02-8