NOT LISTED FOR SALE

5501 Teal Rd Petersburg, MI 49270

Estimated Value: $368,000 - $473,000

4 Beds
2 Baths
2,100 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 03, 2012

Last sale price $175,000 $83 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $2,529/month

Highlights

  • Deck
  • Pole Barn
  • Hot Water Heating System
  • Traditional Architecture
  • 2 Car Attached Garage

About This Home

As of October 2012

SPACIOUS QUADLEVEL HOME IN SUMMERFIELD SCHOOLS WITH 2100 SQFT. HOME IS SITUATED ON OVER 10 ACRES OF LAND AND HAS A LARGE POLE BARN! HOME ALSO FEATURES 4 BEDROOMS, LIVING AND FAMILY ROOMS EACH WITH FIREPLACES AND 2 FULL AND 3 HALF BATHS.

Last Agent to Sell the Property

Mark Goedert

Goedert Real Estate License #MCAR-6502127024 Listed on: 08/14/2012

Last Buyer's Agent

Jan Monica

iLink Real Estate Co. License #MCAR-6501169969

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1988

Lot Details

  • 10.38 Acre Lot
  • Lot Dimensions are 914x500

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,100 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Pole Barn

Schools

  • Summerfield Elementary School
  • Summerfield High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Propane
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 581411402650

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,559

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: Tri-Level
  • Total Tax Amount: 2559
  • Year Built: 1988
  • Mail City: Petersburg
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace
  • Bedrooms: 4
  • Bedroom 1: On Upper Floor, Dimensions: 11 x 9
  • Bedroom 2: On Upper Floor, Dimensions: 9 x 12
  • Bedroom 3: On Upper Floor, Dimensions: 13 x 13
  • Bedroom 4: On Upper Floor, Dimensions: 13 x 10
  • Full Bathrooms: 2
  • Total Bathrooms: 5
  • Room Types: Primary Bathroom
  • Dining Room: On Upper Floor, Dimensions: 11 x 10
  • Family Room: On Main Floor, Dimensions: 13 x 21
  • Kitchen: On Upper Floor, Dimensions: 11 x 9
  • Living Room: On Upper Floor, Dimensions: 16 x 12
  • Half Bathrooms: 3
  • Above Grade Finished Sq Ft: 2100
  • Total Finished Sq Ft: 2100

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Features: Deck
  • Foundation: Slab
  • Out Buildings: Barn, Pole Barn

Garage/Parking

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

Utilities

  • Heating: Hot Water
  • Heating Fuel: LP/Propane Gas
  • Sewer: Septic
  • Water: Private Well
  • Water Heater: Gas

Lot Info

  • Assessor Parcel Number: 581411402650
  • Lot Dimensions: 914X500
  • Acreage: 10.38
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $1,070.00
  • Winter Tax: Amount: $1,489.00
  • Total Tax: Amount: $2,559.00

MLS Schools

  • Elementary School: SUMMERFIELD
  • School District: Summerfield School District
  • HighSchool: SUMMERFIELD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2012
Closed on
Sep 28, 2012
Sold by
New York Community Bank
Bought by
Kay Robert and Kay Wendy
Seller's Agent
Mark Goedert
Goedert Real Estate
Buyer's Agent
Jan Monica
iLink Real Estate Co.
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%
Current Estimated Value
$425,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,003
Avg. Annual Appreciation
7.02%
Original Mortgage
$166,250
Outstanding Balance
$115,448
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$309,555

Purchase Details

Closed on
Jul 7, 2011
Sold by
Langton Michael
Bought by
New York Community Bank
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 Buyer Sale Price Title Company
Kay Robert $175,000 None Available
New York Community Bank $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kay Robert $166,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2012 10/03/12 Sold $175,000 -2.7% $83 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
08/14/2012 08/14/12 For Sale $179,900 -- $86 / 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 $3,642 $192,200 $192,200 $0
2024 $1,415 $185,400 $0 $0
2023 $1,348 $144,100 $0 $0
2022 $3,246 $144,100 $0 $0
2021 $3,195 $137,500 $0 $0
2020 $3,111 $130,100 $0 $0
2019 $3,069 $130,100 $0 $0
2018 $2,990 $116,600 $0 $0
2017 $2,939 $116,600 $0 $0
2016 $2,923 $116,100 $0 $0
2015 $2,721 $102,600 $0 $0
2014 $2,717 $102,600 $0 $0
2013 -- $101,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20098960

Michigan Multiple Listing Service

APN: 14-114-026-50