NOT LISTED FOR SALE

5520 Monroe Rd Olivet, MI 49076

Estimated Value: $168,000 - $197,000

4 Beds
3 Baths
2,948 Sq Ft
$61/Sq Ft Est. Value

Last Sold August 07, 2018

Last sale price $324,500 $110 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $1,067/month

265 Days on Market

Highlights

  • Lake Front
  • Raised Ranch Architecture
  • Whirlpool Bathtub
  • Deck
  • Main Floor Bedroom
  • Covered Patio or Porch

About This Home

As of August 2018

Seller is relocating...bring us your offer. Your new home boasts 2,948 sq ft of living space & 60' of fabulous lake frontage with a front yard big enough for a fire pit, volleyball, brand new dock & your own floating sun deck that can be anchored in deeper water for endless amounts of fun in the sun! You will love your view of Duck lake from your elevated deck & mass of windows spanning the entire front of your home. The lake level offers 2 (possibly 3) large bedrooms, full bath & the attached 2 ½ car garage with a kitchenette for entertaining in any weather. The main floor presents the master suite with a private full bath a walk in closet, enclosed laundry, 3rd full bath, kitchen, dining area & dining room, reading nook, living room with gas fireplace & a wrap deck for fantastic views of the water and all its activities. Updated with tasteful colors and newer windows and roof, you are able to move in and start enjoying what lake living is all about.

Last Agent to Sell the Property

Peggy Damon

Non Member Office License #6501281713 Listed on: 08/01/2018

Non Member Office

Last Buyer's Agent

Peggy Damon

Non Member Office License #6501281713 Listed on: 08/01/2018

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,240

Year Built

  • Built in 1993 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Lake Front

Parking

  • 2 Car Attached Garage

Home Design

  • Raised Ranch Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,948 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Formal Dining Room
  • Laundry on upper level
  • Finished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Whirlpool Bathtub

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,240

Year Built

Built in 1993 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: Second
  • Living Room Level: Second
  • Property Conditions Updated Remodeled: Yes
  • Tax Year: 2017
  • Parking Features Garage Spaces: 2.0
  • Year Built: 1993
  • Lot Size Acres: 0.28
  • Lot Size: undefinedxundefined
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2948.0
  • Architectural Style: Raised Ranch
  • Living Area: 2948.0
  • New Construction: No
  • General Property Info:Lot Size Dimensions: undefinedxundefined
  • General Property Info:Above Grade Finished Area: 2948.0
  • General Property Info:Total Livable Area: 2948.0
  • Baths:_pound_Full Baths 2: 2
  • Baths:_pound_Full Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Improvements:Formal Dining Room: Yes
  • Improvements:Whirlpool Bathtub: Yes
  • Percent Basement Finished: Yes
  • Architectural Style:Raised Ranch: Yes
  • Laundry Features:Upper Level: Yes
  • General Property Info:Building Area Total SqFt: 2948.0
  • Fireplace Features:Gas5: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: Ceiling Fan(s)
  • Total Bedrooms: 4
  • Property Type: Residential
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Other Level: First
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered, Deck
  • WaterfrontFeatures: Lake Front
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Property Condition: Updated/Remodeled
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes
  • Waterfront Features:Lake Front: Yes

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Attached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Gas Water Heater, Microwave, Refrigerator, Range, Oven, Dishwasher
  • Cooling: Central Air
  • LaundryFeatures: Upper Level
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Olivet

Lot Info

  • Lot Size Sq Ft: 12022.56
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 9791
  • Tax Annual Amount: 4240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Jul 26, 2018
Sold by
Stewart Stephanie
Bought by
Stuart Richard M and Hunter Leslie R
Seller's Agent
Peggy Damon
Non Member Office
Buyer's Agent
Peggy Damon
Non Member Office
List Price
$379,500
Sold Price
$324,500
Premium/Discount to List
-$55,000
-14.49%
Current Estimated Value
$180,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,313
Avg. Annual Appreciation
-7.60%
Original Mortgage
$259,600
Outstanding Balance
$225,452
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
-$45,265

Purchase Details

Listed on
May 22, 2014
Closed on
Sep 29, 2014
Sold by
Fannie Mae
Bought by
Stewart Stephanie
Seller's Agent
Tammy Waller
Location Realty
Buyer's Agent
Tammy Waller
Location Realty
List Price
$229,000
Sold Price
$235,000
Premium/Discount to List
$6,000
2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$223,250
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2012
Sold by
Rbs Citizens Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Aug 30, 2012
Sold by
Sever Robert L and Sever Shaun M
Bought by
Rbs Citizens Na

Purchase Details

Closed on
Aug 20, 2001
Bought by
Sever Robert and Shaun Mari

Purchase Details

Closed on
Nov 24, 1999
Sold by
Gregersen Steven and Gregersen Patricia
Bought by
T-W Realty Inc.

Purchase Details

Closed on
Oct 4, 1993

Purchase Details

Closed on
Jul 1, 1990
Sold by
Geiger To Mahoney
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Stuart Richard M $324,500 Chicago Title Of Michigan In
Stewart Stephanie $235,000 Attorneys Title Agency Llc
Fannie Mae -- None Available
Rbs Citizens Na $338,620 None Available
Sever Robert $295,000 --
T-W Realty Inc. $275,000 --
-- $62,000 --
-- $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stuart Richard M $259,600
Previous Owner Stewart Stephanie $223,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2018 08/07/18 Sold $324,500 0.0% $110 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/28/2018 07/28/18 Off Market $324,500 -- --
07/26/2018 07/26/18 Sold $324,500 -7.3% $110 / Sq Ft View Prior Sale
06/10/2018 06/10/18 Pending -- -- --
04/18/2018 04/18/18 Price Changed $349,900 -2.8% $119 / Sq Ft
04/06/2018 04/06/18 Price Changed $359,900 -5.2% $122 / Sq Ft
03/02/2018 03/02/18 For Sale $379,500 +16.9% $129 / Sq Ft
02/28/2018 02/28/18 Off Market $324,500 -- --
11/10/2017 11/10/17 Price Changed $379,500 -1.6% $129 / Sq Ft
11/09/2017 11/09/17 For Sale $385,500 -2.5% $131 / Sq Ft
09/01/2017 09/01/17 For Sale $395,500 +68.3% $134 / Sq Ft
09/22/2014 09/22/14 Sold $235,000 +2.6% $119 / Sq Ft View Prior Sale
08/08/2014 08/08/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $229,000 -- $116 / Sq Ft
Source: Greater Lansing 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
2025 $1,502 $43,100 $0 $0
2024 $495 $43,100 $0 $0
2023 $1,460 $43,100 $0 $0
2022 $1,460 $43,100 $0 $0
2021 $1,466 $43,100 $0 $0
2020 $1,466 $43,100 $0 $0
2019 $0 $43,100 $0 $0
2018 $0 $43,100 $43,100 $0
2017 $0 $44,200 $0 $0
2016 $0 $42,600 $0 $0
2015 -- $42,600 $2,293 $40,307
2014 -- $155,800 $2,293 $153,507
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 221564

Greater Lansing Association of Realtors®

APN: 06-116-522-00