NOT LISTED FOR SALE

564 S Payne Lake Rd Wayland, MI 49348

Estimated Value: $287,000 - $695,000

4 Beds
1 Bath
1,884 Sq Ft
$243/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $340,000 $180 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,999/month

34 Days on Market

Highlights

  • Above Ground Pool
  • 4.9 Acre Lot
  • Farmhouse Style Home
  • Lee Elementary School Rated A-
  • Wooded Lot
  • 2 Car Attached Garage

About This Home

As of October 2021

Welcome home to 564 S Payne Lk, your year round resort right at home! In the summer, enjoy relaxing poolside right off the deck to the kitchen and living room. In the winter, enjoy the cabin like feel in the living room while you snuggle up near the cozy fireplace. Four bedrooms with room to expand this house is just waiting for the next owners to enjoy its many country charms with modern conveniences like high speed internet and cable! Surrounded by trees, you'll immediately feel secluded from the road and neighbors, feeling free to enjoy your large garden and lawn undisturbed. The large kitchen is perfect for entertaining and boasts ceramic tile floors. Extras include main floor laundry and a bonus room. The extra large garage is accompanied by a large barn!

Last Agent to Sell the Property

Beth Postema

Best Homes of Michigan LLC License #6501401543 Listed on: 07/29/2021

Last Buyer's Agent

Brenda Beerthuis

RE/MAX United (Main) License #6506048349

RE/MAX United (Main)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,574

Year Built

  • Built in 1900

Lot Details

  • 4.9 Acre Lot
  • Lot Dimensions are 217.6x985.62x220x984
  • Wooded Lot
  • Property is zoned Rural/Agricultu, Rural/Agricultu

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,884 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Above Ground Pool
  • Mineral Rights

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,574

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 217.6x985.62x220x984
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1884.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1574.0
  • Tax Info:Zoning3: Rural/Agricultu
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Driveway:Gravel: Yes
  • Substructure:Michigan Basement: Yes
  • Mineral Rights:Available: Yes
  • Pool:OutdoorAbove: Yes
  • General Property Info:SqFt Above Grade: 1884.0
  • General Property Info Garage YN: Yes
  • Special Features Pool - above ground: Yes
  • Architectural Style Farm House: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Broadband
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1884.0
  • Window Features: Screens
  • General Property Info:Stories2: 2.0
  • Fireplace:Living: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 340000.0
  • Lot Features: Wooded
  • Pool Features: Above Ground, Outdoor/Above
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 4.9
  • Lot Size Area: 4.9
  • Lot Dimensions: 217.6x985.62x220x984
  • Lot Size Sq Ft: 213444.0
  • Zoning Description: Rural/Agricultu
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1574.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 27, 2021
Sold by
Postema Gregory J and Postema Linda M
Bought by
Gable Sherry
Seller's Agent
Beth Postema
Best Homes of Michigan LLC
Buyer's Agent
Brenda Beerthuis
RE/MAX United (Main)
List Price
$369,000
Sold Price
$340,000
Premium/Discount to List
-$29,000
-7.86%
Current Estimated Value
$457,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,434
Avg. Annual Appreciation
7.82%
Original Mortgage
$333,841
Outstanding Balance
$305,092
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$152,342

Purchase Details

Closed on
May 28, 2019
Sold by
Postema Gregory John and Postema Linda Marie
Bought by
Postema Gregory J and Postema Linda M

Purchase Details

Closed on
Jun 1, 1988
Bought by
Postema Gregory and Postema Linda
Source: Public Records

Range of Values:

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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
Gable Sherry $340,000 Chicago Title Of Mi Inc
Postema Gregory J -- None Available
Gregory And Linda Postema Family Trust -- None Available
Postema Gregory $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gable Sherry $333,841
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2021 10/20/21 Sold $340,000 -7.9% $180 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $369,000 -- $196 / Sq Ft
Source: Southwestern Michigan 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 $6,773 $187,100 $0 $0
2024 $6,773 $170,700 $0 $0
2023 $1,583 $127,400 $0 $0
2022 $1,583 $127,400 $0 $0
2021 $1,583 $73,900 $0 $0
2020 $1,532 $68,500 $0 $0
2019 $1,532 $67,400 $0 $0
2018 $1,456 $56,600 $24,100 $32,500
2017 $1,456 $56,600 $0 $0
2016 -- $49,500 $0 $0
2015 -- $49,600 $0 $0
2014 -- $49,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21097326

Southwestern Michigan Association of REALTORS®

APN: 16-018-001-00