NOT LISTED FOR SALE

5572 E 5 Mile Rd Luther, MI 49656

Estimated Value: $378,890 - $491,000

200 Acres
$2,175 Price per Acre
8,712,000 Sq Ft Lot

Last Sold August 29, 2014

Last sale price $300,000 $200 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,547/month

459 Days on Market

About This Lot

As of August 2014

Spacious farmhouse on 160 acres with up to 200 available! This property fronts on 5 Mile Rd and State Rd. in Luther. Both are paved, county maintained roads. Beautiful rolling property with open areas, mixed woods and a pond. Verizon cell tower lease and mineral rights are included.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,627

Year Built

  • Built in 1900

Lot Details

Parking

  • 2 Car Garage

Home Design

  • 1,500 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating
  • Electric Water Heater
  • Septic System

Additional Features

  • Oven or Range
  • Shed
  • Mineral Rights
  • Basement

Property Details

Property Type

Land

Est. Annual Taxes

$1,627

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1500.00
  • Directions: From US 131 Take 20 Mile Rd West through Bristol follow road as it curves around and turns into 5 mile Rd. Property is located just pas the 4 way stop at State Rd and 5 Mile Rd.
  • Open House Office I D: 20201117195509317618000000
  • Prop. Type: Residential
  • OFFICELIST_STATE: MI
  • Building Style: Other
  • Total Bedrooms: 2
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • AppliancesAndEquipmt: Dryer, Range/Oven, Refrigerator, Washer
  • AppliancesAndEquipmtWaterHeater: Electric
  • BasementSpecifics: Other
  • Total Bathrooms: 1.00
  • Basement Type: Residential Acreage

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Shed
  • Foundation: Basement
  • Road: Maintained
  • Waterfront: No

Garage/Parking

  • Garage Stall: 2

Utilities

  • Heating Air: Central Air
  • Sewer: Septic

Schools

  • School District: Pine River
  • School District: Pine River
  • Elem School Dist Number: 5572

Lot Info

  • Water Mineral Rights: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2001
Sold by
Rothig Grace
Bought by
Rothig Grace
Total Days on Market
459
Current Estimated Value
$434,945

Purchase Details

Closed on
Nov 17, 1974
Sold by
Rothig Grace
Bought by
Rothig Grace

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
Rothig Grace -- --
Rothig Grace -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2014 08/29/14 Sold $300,000 -- $200 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
Source: Water Wonderland Board 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 $1,627 $124,900 $0 $0
2022 $1,553 $100,600 $0 $0
2021 $1,517 $89,300 $0 $0
2020 $1,473 $86,800 $0 $0
2019 $1,430 $88,000 $0 $0
2018 $1,403 $87,500 $0 $0
2017 $1,329 $84,700 $0 $0
2016 $1,395 $85,500 $0 $0
2015 -- $83,600 $0 $0
2014 -- $83,500 $0 $0
Source: Public Records

Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 21108925

Water Wonderland Board of REALTORS®

APN: 02-501-009-00

Michigan Lake County Luther 49656

5572 E 5 Mile Rd, Luther, MI

Homes for Sale in Luther, MI

This home is located at 5572 E 5 Mile Rd, Luther, MI 49656 since 29 April 2013 and is currently estimated at $434,945, approximately $289 per square foot. This property was built in 1900. 5572 E 5 Mile Rd is a home located in Lake County with nearby schools including Pine River Area Elementary School, Pine River Area Upper Elementary School, and Pine River Area Middle/High School.

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