NOT LISTED FOR SALE

5740 Patz Rd Palms, MI 48465

Estimated Value: $135,000 - $324,000

7 Acres
$28,977 Price per Acre
304,920 Sq Ft Lot

Last Sold October 24, 2018

Last sale price $75,000

Est. 170% increase in value since last sale

Current estimated payment $1,286/month

69 Days on Market

About This Lot

As of October 2018

Great location for your workshop or to build your dream home. 7 acres with road frontage on Patz & Lakeshore Road. 40 x 64 pole barn with insulated 20 x 40 work shop inside; 12x12 sliding door on east side, and 10' and 12' overhead doors on south side of building and new roof just installed in 2018. 220 amp electrical service. Septic tank & field installed and ready for you to finish. City water available at Lakeshore road. Driveway installed on both roads for easy access. Approx. 5 acres of beautiful woods and 2 acres open area great for building.

Last Agent to Sell the Property

Angela Wagester

Town & Country Realty-Lexington License #MISPE-6501364122 Listed on: 07/12/2018

Last Buyer's Agent

Lewis Gazoul

Real Estate One Grosse Pointe License #MISPE-6506043731

Real Estate One Grosse Pointe

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $797

Lot Details

  • 7 Acre Lot
  • Lot Dimensions are 700x500x400x150x300x350

Additional Features

  • Shed
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 061-020-200-050-30

Property Details

Property Type

Land

Est. Annual Taxes

$797

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: VACANT LAND
  • Type Of Property: Vacant Land
  • Style: Vacant Land
  • Sub Structure Types: Shed
  • Mail City: Palms
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 700
  • Roads: Gravel, Paved Street

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Septic
  • Fuel On Site: Electric

Schools

  • School District: Harbor Beach Comm Schools

Lot Info

  • Assessments: 1500
  • Assessments: Yes
  • Assessor Parcel Number: 061-020-200-050-30
  • Acreage: 7
  • Lot Size: 700x500x400x150x300x350
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2017, Amount: $142.00
  • Winter Tax: Year: 2017, Amount: $655.00

MLS Schools

  • School District: Harbor Beach Comm Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2018
Closed on
Oct 24, 2018
Sold by
Dawson James R
Bought by
Jfs Leasing Llc
Seller's Agent
Angela Wagester
Town & Country Realty-Lexington
Buyer's Agent
Lewis Gazoul
Real Estate One Grosse Pointe
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Current Estimated Value
$202,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,836
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
Dec 14, 2016
Sold by
Dawson James R
Bought by
Dawson James R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jfs Leasing Llc $75,000 --
Dawson James R -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2018 10/24/18 Sold $75,000 -6.1% --
09/19/2018 09/19/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $79,900 -- --
Source: Michigan Multiple Listing Service

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 $2,175 $62,500 $0 $0
2024 $490 $62,400 $0 $0
2023 $807 $59,300 $0 $0
2022 $807 $29,700 $0 $0
2021 $782 $26,600 $0 $0
2020 $771 $21,800 $0 $0
2019 $757 $16,700 $0 $0
2018 $649 $32,000 $0 $0
2017 $798 $22,700 $0 $0
2016 $141 $22,400 $0 $0
2015 -- $45,700 $0 $0
2014 -- $44,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31353571

Michigan Multiple Listing Service

APN: 061-020-200-050-30