$51,000
SOLD DEC 5, 2013

550 Shady Ln Decatur, MI 49045

2 Beds
1 Bath
1,567 Sq Ft
10,140 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

16% Below List Price

51 Days on Market

Highlights

  • Spa
  • Recreation Room
  • 2 Car Detached Garage
  • Deck
  • Wood Flooring
  • Patio

About This Home

As of June 2021

Ranch home with a full mostly finished basement. There is a deck with a hot tub, patio, and two car detached garage. The master bedroom is in the basement. All offers require proof of funds or pre-approval letters to be submitted.

Last Agent to Sell the Property

David Mead

Coldwell Banker Woodland Schmidt License #6502378058 Listed on: 09/23/2013

Coldwell Banker Woodland Schmidt

Last Buyer's Agent

Mark Gale

Gale Realty, LLC License #6502357979

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 10,140 Sq Ft Lot
  • Lot Dimensions are 78 x 130

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Recreation Room
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Outdoor Features

  • Spa
  • Deck
  • Patio

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 1965

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1965
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 78 x 130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1567.0
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 1572.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • Additional Items:Wood Floor: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Additional Items:Hot Tub Spa: Yes
  • General Property Info:SqFt Above Grade: 860.0
  • General Property Info Garage YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher
  • Interior Amenities: Ceiling Fan(s), Hot Tub Spa, Wood Floor
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1567.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Finished SQFT: 707.0
  • Basement Rooms:Total Basement SQFT: 803.0
  • Appliances Dishwasher: Yes
  • Below Grade Sq Ft: 707.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Patio, Deck(s)
  • List Price: 52700.0
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Deck(s): Yes

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 Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 78 x 130
  • Lot Size Sq Ft: 10140.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1572.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jun 22, 2021
Sold by
Phillips Tawnee A
Bought by
Ott Richard Albert
Seller's Agent
Suzy Glomski
Gale Realty, LLC
Buyer's Agent
John Harrold
HG Real Estate
List Price
$144,900
Sold Price
$155,000
Premium/Discount to List
$10,100
6.97%
Current Estimated Value
$204,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,427
Avg. Annual Appreciation
5.51%
Original Mortgage
$147,250
Outstanding Balance
$135,046
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$58,687

Purchase Details

Listed on
Sep 23, 2013
Closed on
Nov 27, 2013
Sold by
Wells Fargo Bank Na
Bought by
Phillips Tawnee A
Seller's Agent
David Mead
Coldwell Banker Woodland Schmidt
Buyer's Agent
Mark Gale
Gale Realty, LLC
List Price
$61,000
Sold Price
$51,000
Premium/Discount to List
-$10,000
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.86%
Original Mortgage
$45,900
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 21, 2013
Sold by
Copeland Thomas R and Copeland Marcie D
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 10, 2001
Sold by
Tuka Arla D
Bought by
Copeland Thomas R and Copeland Marcie D

Purchase Details

Closed on
Jun 3, 1999
Sold by
Mcwiliams Iris
Bought by
Tuka Arla D
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $155,000 Title Resource Agency
Deed $51,000 Servicelink Llc
Sheriffs Deed $123,267 None Available
Deed $86,500 --
Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,250 New Conventional
Closed $147,250 New Conventional
Previous Owner $45,900 Future Advance Clause Open End Mortgage
Previous Owner $100,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $155,000 +7.0% $101 / Sq Ft
05/21/2021 05/21/21 For Sale $144,900 +184.1% $94 / Sq Ft
12/05/2013 12/05/13 Sold $51,000 -16.4% $33 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $61,000 -- $39 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $1,109 $63,700 $0 $0
2023 $1,056 $40,100 $0 $0
2022 $2,039 $37,100 $0 $0
2021 $1,223 $35,800 $4,300 $31,500
2020 $1,242 $36,200 $4,300 $31,900
2019 $1,157 $35,400 $35,400 $0
2018 $1,140 $36,000 $36,000 $0
2017 $1,110 $22,600 $0 $0
2016 $1,095 $29,800 $0 $0
2015 $857 $29,800 $0 $0
2014 $918 $26,000 $0 $0
2013 -- $34,100 $34,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13056289

Southwestern Michigan Association of REALTORS®

APN: 80-43-070-015-00