NOT LISTED FOR SALE

5572 E 5 Mile Rd Luther, MI 49656

Estimated Value: $384,370 - $501,000

200 Acres
$2,213 Price per Acre
8,712,000 Sq Ft Lot

Last Sold August 29, 2014

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

Est. 48% increase in value since last sale

Current estimated payment $2,588/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
Current Estimated Value
$442,685

Purchase Details

Closed on
Nov 17, 1974
Sold by
Rothig Grace
Bought by
Rothig Grace
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
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
2025 $1,627 $125,200 $0 $0
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

This home is located at 5572 E 5 Mile Rd, Luther, MI 49656 since 29 April 2013 and is currently estimated at $442,685, approximately $295 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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