NOT LISTED FOR SALE

545 Memphis Ridge Rd Riley, MI 48041

Estimated Value: $361,000 - $408,000

3 Beds
2 Baths
1,680 Sq Ft
$228/Sq Ft Est. Value

Last Sold June 18, 2012

Last sale price $130,000 $77 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $2,270/month

24 Days on Market

Highlights

  • Wood Burning Stove
  • Ranch Style House
  • 2 Car Attached Garage
  • Memphis Elementary School Rated 9+
  • Cathedral Ceiling
  • Forced Air Heating and Cooling System

About This Home

As of June 2012

Charming, freshly painted and newly carpeted, ranch home with 3 spacious bedrooms and part finished walk out basement. Home sits on 2 acres! This is a must see! Set your appointment today! This is a Fannie Mae Homepath property. purchase this property for as little as 3% down. Approved for Homepath Mortgage and renovation mortgage financing.

Last Agent to Sell the Property

Jason Stone

Realty Executives - United License #MISPE Listed on: 03/19/2012

Last Buyer's Agent

Theresa Maniaci

Coldwell Banker Professionals License #MISPE-6501321024

Coldwell Banker Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,045

Year Built

  • Built in 2004

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 200x436

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Walk-Out Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 7429064006200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,045

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Year Built: 2004
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral/Vaulted Ceiling
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Washer
  • Fireplaces: Wood Stove
  • Basement: Yes
  • Basement: Walk Out
  • Bedrooms: 3
  • Bedroom 1: On Entry Level, Dimensions: 13 x 13
  • Bedroom 2: On Entry Level, Dimensions: 13 x 10
  • Bedroom 3: On Entry Level, Dimensions: 13 x 10
  • Bathrooms Description: First Flr Lavatory, MstrBdrm Full Bathroom
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Great Room: On Entry Level, Dimensions: 20 x 18
  • Kitchen: On Entry Level, Dimensions: 20 x 20
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1680
  • Total Finished Sq Ft: 1680

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Basement
  • Road: Paved Street

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

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

Lot Info

  • Assessor Parcel Number: 7429064006200
  • Lot Dimensions: 200x436
  • Acreage: 2
  • Map Side Numeric: 17
  • Map Top Alpha: L
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2011, Amount: $895.00
  • Winter Tax: Year: 2010, Amount: $1,150.00
  • SEV Year: 2011

MLS Schools

  • School District: Memphis Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2012
Closed on
Jun 7, 2012
Sold by
Fannie Mae
Bought by
Capozzo Nichola and Loftis Amy
Seller's Agent
Jason Stone
Realty Executives - United
Buyer's Agent
Theresa Maniaci
Coldwell Banker Professionals
List Price
$149,850
Sold Price
$130,000
Premium/Discount to List
-$19,850
-13.25%
Current Estimated Value
$382,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,797
Avg. Annual Appreciation
8.44%

Purchase Details

Closed on
Jan 24, 2012
Sold by
Martindale Richard J and Martindale Wendy K
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 3, 2007
Sold by
Lynch Dave and Lynch Monique
Bought by
Martindale Richard J and Martindale Wendy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2006
Sold by
Lumber Jack Building Centers Inc
Bought by
Lynch David and Lynch Monique

Purchase Details

Closed on
May 18, 2005
Sold by
Pearl Douglas
Bought by
Lumberjack Building Centers Inc

Purchase Details

Closed on
Mar 30, 2005
Sold by
Pearl Jennifer
Bought by
Pearl Douglas Scott
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
Capozzo Nichola $130,000 Parks Title
Federal National Mortgage Association $175,424 None Available
Martindale Richard J $183,000 Chirco Title Company
Lynch David $190,000 Chirco Title Company
Lumberjack Building Centers Inc -- None Available
Pearl Douglas Scott -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martindale Richard J $183,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2012 06/18/12 Sold $130,000 -13.2% $77 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $149,850 -- $89 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,883 $182,100 $0 $0
2024 $1,722 $174,300 $0 $0
2023 $1,640 $153,800 $0 $0
2022 $2,636 $140,700 $0 $0
2021 $2,455 $130,400 $0 $0
2020 $2,455 $122,700 $3,800 $118,900
2019 $2,409 $100,200 $0 $0
2018 $2,349 $98,300 $0 $0
2017 $2,276 $90,100 $0 $0
2016 $879 $90,100 $0 $0
2015 -- $87,600 $3,500 $84,100
2014 -- $80,700 $3,200 $77,500
2013 -- $74,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31095103

Michigan Multiple Listing Service

APN: 29-026-4006-200