$85,000
SOLD MAR 16, 2016

55 Park Island Dr Lake Orion, MI 48362

3 Beds
1 Bath
1,428 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

13% Below List Price

8 Days on Market

Highlights

  • Water Views
  • Lake Privileges
  • Patio
  • Orion Oaks Elementary School Rated A-
  • No HOA
  • Bungalow

About This Home

As of December 2018

LIVE HERE FOR LESS THAN YOU WOULD PAY FOR RENT! Lake Orion, where living is a vacation! Enjoy the sunsets over Lake Orion in your new home. Just a short walk to shopping, dining and Green’s Park with a sandy beach! Here is a cute three bedroom, one bath home that is waiting for your personal touch. Light filled living room and dining area. Eat in kitchen with attached mudroom. First floor laundry and full bath. Be close to everything as you live the vacations life. Immediate possession! SELLER WILL PAY A $3,000 PAINT & CARPET ALLOWANCE AT CLOSING ON A FULL PRICE OFFER.

Last Agent to Sell the Property

Peter Relken

Michpro Realty LLC License #6502418765 Listed on: 02/20/2016

Last Buyer's Agent

Jeanne MacKellar

Temporary Inactive Users License #RCO-6501164052

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925 | Remodeled in 2010

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50x106

Home Design

  • Bungalow
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Asbestos

Interior Spaces

  • 1,428 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Unfinished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0911276025

Community Details

Overview

  • No Home Owners Association
  • Assr's Replat Of Decker's Add Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1925 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Year Renovated: 2010
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1428
  • Total Sq Ft: 1428
  • Sq Ft Total Bsmt: 985

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Orion
  • Foundation Details: Michigan Basement
  • Construction Materials: Asbestos
  • Foundation Materials: Block, Stone
  • Frontage Feet: 50
  • Porch Type: Patio
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Orion

Lot Info

  • List Price per Acre: 975000.0000
  • Lot Features: Water View
  • Lot Size Area: 0.10
  • Lot Dimensions: 50X106
  • Parcel Number: 0911276025

Tax Info

  • Tax Amount Summer: 2141.0000
  • Tax Amount Winter: 388.0000
  • Total Tax: 2529.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2018
Closed on
Dec 3, 2018
Sold by
Boufford Schmitt Karen S and Boufford Stefanski Karen S
Bought by
Campbell Patricia
Seller's Agent
Mary Matthews
Real Estate One-Oxford
Buyer's Agent
Wendy Siegle
Liberty Way Realty
List Price
$199,000
Sold Price
$183,000
Premium/Discount to List
-$16,000
-8.04%
Current Estimated Value
$287,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,995
Avg. Annual Appreciation
7.36%
Original Mortgage
$146,400
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 20, 2016
Closed on
Mar 16, 2016
Sold by
Park Island Drive Llc
Bought by
Boufford Schmitt Karen S
Seller's Agent
Peter Relken
Michpro Realty LLC
Buyer's Agent
Jeanne MacKellar
Temporary Inactive Users
List Price
$97,500
Sold Price
$85,000
Premium/Discount to List
-$12,500
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.57%

Purchase Details

Closed on
Jan 31, 2014
Sold by
Hassinger Alfred J
Bought by
Park Island Drive Llc

Purchase Details

Closed on
Jan 29, 2009
Sold by
Federal National Mortgage Association
Bought by
Hassinger Alfred

Purchase Details

Closed on
Aug 24, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 24, 2007
Sold by
Puma Erik
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Apr 18, 2003
Sold by
Howe Ronald C and Howe Barbara H
Bought by
Puma Erik
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 Type Sale Price Title Company
Warranty Deed $183,000 None Available
Warranty Deed $85,100 Partners Title Agency Llc
Quit Claim Deed -- None Available
Deed $34,000 Warranty Title Agency Llc
Quit Claim Deed -- None Available
Sheriffs Deed $120,698 None Available
Land Contract $69,900 Title Source
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $24,700 Balloon
Open $156,000 Unknown
Closed $146,400 Adjustable Rate Mortgage/ARM
Previous Owner $30,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2018 12/03/18 Sold $183,000 -8.0% $128 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
10/13/2018 10/13/18 For Sale $199,000 +134.1% $139 / Sq Ft
03/16/2016 03/16/16 Sold $85,000 -12.8% $60 / Sq Ft
02/28/2016 02/28/16 Pending -- -- --
02/20/2016 02/20/16 For Sale $97,500 -- $68 / 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 $2,748 $98,660 $0 $0
2023 $2,623 $89,800 $0 $0
2022 $3,050 $80,740 $0 $0
2021 $2,918 $76,110 $0 $0
2020 $2,409 $70,120 $0 $0
2019 $1,955 $63,830 $0 $0
2018 $2,724 $60,980 $0 $0
2017 $2,654 $60,980 $0 $0
2016 $1,878 $57,140 $0 $0
2015 -- $52,770 $0 $0
2014 -- $47,360 $0 $0
2011 -- $44,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216016058

Realcomp

APN: 09-11-276-025