NOT LISTED FOR SALE

5552 Paradise Ln Bellaire, MI 49615

Estimated Value: $334,000 - $513,000

2 Beds
2 Baths
972 Sq Ft
$480/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2022

Last sale price $392,500 $404 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,920 / mo

Highlights

  • Private Waterfront
  • Sandy Beach
  • Covered Patio or Porch
  • Deeded Waterfront Access Rights
  • Cottage
  • 1 Car Detached Garage

About This Home

As of September 2022

Older two bedroom cottage with 75 feet of frontage on Lake Bellaire.

Last Agent to Sell the Property

Bob Bailey

REO-TCBellaire-233025 Listed on: 09/25/2022

REO-TCBellaire-233025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,324

Year Built

  • Built in 1950

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 75x150
  • Private Waterfront
  • 75 Feet of Waterfront
  • Dirt Road
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Fixer Upper
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 972 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Water Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Covered Patio or Porch

Utilities

  • Baseboard Heating
  • Well
  • Cable TV Available

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,324

Year Built

Built in 1950

Lot Details

0.25 Acres

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1950
  • Construction: Frame, Timber Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher
  • Interior Amenities: Fixer-Upper
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12x10, On Level: Main Floor
  • Bedroom 2: Dimensions: 11x11, On Level: Main Floor
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 11x8
  • Living Room: Dimensions: 25x14, On Level: Main Floor
  • Range: R 7W
  • Total Finished Sf Apx: 972

Exterior Features

  • Body Of Water: Lake Bellaire
  • Exterior Features: Covered Porch
  • Exterior Finish: Wood
  • Foundation: Piers
  • Number Of Acres: 0.25
  • Road: Dirt, Shared, Privately Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Sandy Bottom, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 75

Garage/Parking

  • Driveway: Dirt
  • Garage Capacity: 1
  • Primary Garage: Detached

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Baseboard
  • Laundry: On Level: None
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 75x150
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 1902
  • Total Taxes: 2324
  • Winter Taxes: 422
  • Year Winter: 2021

MLS Schools

  • School District: Bellaire Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2022
Closed on
Sep 30, 2022
Sold by
Palmer Victoria C
Bought by
Miller Thomas S and Miller Wendy S
Seller's Agent
Bob Bailey
REO-TCBellaire-233025
Buyer's Agent
Bob Bailey
REO-TCBellaire-233025
List Price
$450,000
Sold Price
$392,500
Premium/Discount to List
-$57,500
-12.78%
Views
1
Current Estimated Value
$466,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,371
Avg. Annual Appreciation
5.02%

Purchase Details

Closed on
Jun 26, 2017
Sold by
Helen Rhoten T
Bought by
Cochrane-Palmer Victoria

Purchase Details

Closed on
Oct 31, 2013
Sold by
Cochrane Helen R and Rhoten Phyllis A
Bought by
Cochrane Helen Rhoten and Helen Rhoten Cochrane Trust Dated Octobe

Purchase Details

Closed on
Sep 8, 2005
Bought by
Cochrane Helen R
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
Miller Thomas S $392,500 Lighthouse Title
Cochrane-Palmer Victoria -- --
Cochrane Helen Rhoten -- --
Cochrane Helen R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Off Market $392,500 -- --
09/29/2022 09/29/22 Sold $392,500 -12.8% $404 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/25/2022 09/25/22 For Sale $450,000 -- $463 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $5,139 $192,600 $0 $0
2024 $50 $145,100 $0 $0
2023 $4,922 $145,100 $0 $0
2022 $2,438 $140,400 $0 $0
2021 $2,313 $120,400 $0 $0
2020 $2,287 $102,600 $0 $0
2019 $2,248 $99,600 $0 $0
2018 $2,194 $96,400 $0 $0
2017 $2,150 $96,500 $0 $0
2016 $1,812 $96,800 $0 $0
2015 -- $101,800 $0 $0
2014 -- $107,500 $0 $0
2013 -- $107,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1905310

Northern Great Lakes REALTORS® MLS

APN: 05-10-031-018-00

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