NOT LISTED FOR SALE

5480 Gilbert Hwy Adrian, MI 49221

Estimated Value: $527,000 - $709,272

4 Beds
2 Baths
4,474 Sq Ft
$141/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $459,500 $103 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,857/month

13 Days on Market

Highlights

  • 41.1 Acre Lot
  • Farm
  • Cathedral Ceiling
  • Colonial Architecture
  • Recreation Room
  • Wood Flooring

About This Home

As of August 2020

Drive down the maple lined lane to an oasis of tranquility and hear only the birds and the breeze. 28 acres approximate of tillable land and 6 acres of woods approximate. All brick 4 bedroom and 2.5 baths. Hardwood flooring. Beautifully landscaped and wide open views. Main level and lower level natural cut stone on both wood fireplaces. Two story hop roof pole barn with lots of storage. Relax on the porch or watch the sunset on the back sun room. Enjoy many years of contentment making this listing your home. Additional 9.17 acres to the right of the roadway can be purchased also for 54,900. Farmer leases farm land. Everything in hip roof barn is excluded.

Last Agent to Sell the Property

Shirley Smith

Howard Hanna Real Estate Services-Adrian License #LCAR-6501316892 Listed on: 06/22/2020

Howard Hanna Real Estate Services-Adrian

Last Buyer's Agent

Shirley Smith

Howard Hanna Real Estate Services-Adrian License #LCAR-6501316892 Listed on: 06/22/2020

Howard Hanna Real Estate Services-Adrian

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1976

Lot Details

  • 41.1 Acre Lot
  • Lot Dimensions are 662 x 2650
  • Rural Setting

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Cathedral Ceiling
  • Ceiling Fan
  • Great Room with Fireplace
  • Family Room
  • Living Room
  • Recreation Room
  • Sun or Florida Room

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Sump Pump
  • Block Basement Construction

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Pole Barn
  • Porch

Farming

  • Farm

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Liquid Propane Gas Water Heater
  • Water Softener Leased
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number RM0 111 4275 00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,997

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Total Tax Amount: 3997.21
  • Total Tax Year: 2019
  • Year Built: 1976
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral/Vaulted Ceiling
  • Appliances: Central Vacuum, Water Softener - Leased
  • Fireplace: Yes
  • Fireplaces: Grt Rm Fireplace, Natural Fireplace
  • Basement: Yes
  • Basement: Block, Sump Pump
  • Bedrooms: 4
  • Bedroom 1: On 2nd Floor, Dimensions: 25 x 14
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On 2nd Floor, Dimensions: 12 x 18
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On 2nd Floor, Dimensions: 21 x 11
  • Bedroom 3 Floor Covering: Carpet
  • Bedroom 4: On 2nd Floor, Dimensions: 12 x 8
  • Bedroom 4 Floor Covering: Carpet
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: Dimensions: 8 x 11, On Level: Second, Flooring: Linoleum
  • Bathroom 2: On Level: Main, Flooring: Linoleum
  • Room Types: Family Room, First Floor Laundry, Living Room, Recreation Room, Sun/Florida Room
  • Dining Room: On 1st Floor, Dimensions: 15 x 10
  • Dining Room Floor Covering: Carpet
  • Family Room: On 1st Floor, Dimensions: 14 x 25
  • Family Room Floor Covering: Wood
  • Great Room: On Lower Floor, Dimensions: 35 x 27
  • Great Room Floor Covering: Laminate
  • Kitchen: On 1st Floor, Dimensions: 18 x 11
  • Kitchen Floor Covering: Linoleum
  • Living Room: On 1st Floor, Dimensions: 19 x 15
  • Living Room Floor Covering: Carpet
  • Other Room1: Dimensions: 12x8, On Level: First, Flooring: Wood
  • Other Room 2: On Level: First, Flooring: Ceramic
  • Below Grade Sq Ft: 1512
  • Finished Below Grade Sq Ft: 1450
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 3024
  • Total Finished Sq Ft: 4474

Exterior Features

  • Exterior: Brick
  • Exterior Features: Patio, Porch
  • Foundation: Basement
  • Frontage: 662
  • Road: Gravel, Paved Street, City/County
  • Out Buildings: Pole Barn
  • Frontage Type: Road

Garage/Parking

  • Garage: Gar Door Opener, Side Loading Garage, Attached Garage
  • Garage Spaces: 2
  • Parking: 2 Spaces
  • Garage: Yes

Utilities

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

Lot Info

  • Assessments: Yes
  • Assessor Parcel Number: RM0 111 4275 00
  • Zoning: Agricultural
  • Lot Dimensions: 662 x 2650
  • Acreage: 41.1
  • Geo Subdivision: MI
  • Site/Lot Features: Rural, Farm

Tax Info

  • Summer Tax: Year: 2019, Amount: $1,690.61
  • Winter Tax: Year: 2019, Amount: $2,306.61
  • Taxable Value: 146833
  • Total Tax: Year: 2019, Amount: $3,997.21
  • SEV Year: 2019

MLS Schools

  • School District: Onsted Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Aug 31, 2020
Sold by
Elwell Ret
Bought by
Cummins Keith B and Cummins Kay L
Seller's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
Buyer's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
List Price
$448,750
Sold Price
$459,500
Premium/Discount to List
$10,750
2.4%
Current Estimated Value
$632,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,318
Avg. Annual Appreciation
6.88%
Original Mortgage
$400,000
Outstanding Balance
$289,538
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$352,203

Purchase Details

Closed on
Mar 27, 2014
Sold by
Elwell Jeffrey W and Elwell June D
Bought by
Elwell Jeffrey W and Elwell June D

Purchase Details

Closed on
Aug 30, 1993
Bought by
Elwell Jeffrey W and Elwell June
Source: Public Records

Range of Values:

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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
Cummins Keith B $459,500 Misc Company
Elwell Jeffrey W -- None Available
Elwell Jeffrey W $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cummins Keith B $400,000
Previous Owner Elwell Ret $200,000
Previous Owner Elwell Jeffrey W $89,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $459,500 +2.4% $103 / Sq Ft
06/22/2020 06/22/20 For Sale $448,750 -- $100 / 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 $5,228 $363,400 $0 $0
2024 $2,229 $337,800 $0 $0
2023 $4,805 $308,300 $0 $0
2022 $1,957 $296,600 $0 $0
2021 $4,754 $260,300 $0 $0
2020 $4,088 $240,400 $0 $0
2019 $418,409 $218,900 $0 $0
2018 $4,109 $218,945 $0 $0
2017 $3,974 $210,457 $0 $0
2016 $3,965 $195,011 $0 $0
2014 -- $182,182 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shirley Smith

    Seller's Agent in 2020

    Shirley Smith

    Howard Hanna Real Estate Services-Adrian

    (517) 605-7050

    82 Total Sales

    Shirley Smith
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50015077

Michigan Multiple Listing Service

APN: RM0-111-4275-00

Michigan Lenawee County Adrian 49221

5480 Gilbert Hwy, Adrian, MI

This home is located at 5480 Gilbert Hwy, Adrian, MI 49221 since 22 June 2020 and is currently estimated at $632,818, approximately $141 per square foot. This property was built in 1976. 5480 Gilbert Hwy is a home located in Lenawee County with nearby schools including Onsted Elementary School, Onsted Middle School, and Onsted Community High 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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