NOT LISTED FOR SALE

5857 Lakeshore Rd N Palms, MI 48465

Estimated Value: $163,000 - $367,000

10 Acres
$22,281 Price per Acre
435,600 Sq Ft Lot

Last Sold September 06, 2024

Last sale price $160,000

Est. 39% increase in value since last sale

Current estimated payment $1,353/month

139 Days on Market

About This Lot

As of September 2024

Beautiful, wooded 10 acre parcel on Lakeshore Road. Great location to build your dream home, hunt camp or vacation get-away. Property offers a 10x10 shed great for storage and a 20x30 shed with 2nd floor, electricity and unlimited possibilities. There is also a 1968 mobile home trailer (with septic, crockwell; city water available at street) on the property in need of a lot of work or removed.

Last Agent to Sell the Property

Angela Wagester

Town & Country Realty-Lexington License #MISPE-6501364122 Listed on: 03/23/2024

Last Buyer's Agent

Angela Wagester

Town & Country Realty-Lexington License #MISPE-6501364122 Listed on: 03/23/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 263x1679.3x264.67x1642.6

Additional Features

  • Shed
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 111-005-100-280-04

Property Details

Property Type

Land

Est. Annual Taxes

$1,868

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: VACANT LAND
  • Type Of Property: Vacant Land
  • Style: Vacant Land
  • Sub Structure Types: Shed
  • Total Tax Amount: 1868
  • Mail City: Palms
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 263
  • Roads: Paved Street
  • Frontage Type: Road

Utilities

  • Water: Public Water At Street
  • Sewer/Septic System: Septic

Schools

  • School District: Deckerville Comm School Distr

Lot Info

  • Assessments: 6400
  • Assessments: Yes
  • Assessor Parcel Number: 111-005-100-280-04
  • Acreage: 10
  • Lot Description: Large Lot - 65+ Ft.
  • Zoning: Residential
  • Lot Size: 263x1679.3x264.67x1642.6

Tax Info

  • Summer Tax: Year: 2022, Amount: $388.00
  • Winter Tax: Year: 2022, Amount: $1,480.00
  • Total Tax: Amount: $1,868.00

MLS Schools

  • School District: Deckerville Comm School Distr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
Sep 6, 2024
Sold by
Theodore A Korth And Ruth M Korth Living
Bought by
Brown Matthew
Seller's Agent
Angela Wagester
Town & Country Realty-Lexington
Buyer's Agent
Angela Wagester
Town & Country Realty-Lexington
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Views
29
Current Estimated Value
$222,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,807
Avg. Annual Appreciation
35.88%
Original Mortgage
$160,000
Outstanding Balance
$158,305
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$64,502

Purchase Details

Closed on
May 14, 1997
Sold by
Korth Ruth
Bought by
Korth Theodore and Korth Ruth
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Brown Matthew $160,000 Maritime Title
Korth Theodore -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Matthew $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2024 09/06/24 Sold $160,000 -8.6% --
08/09/2024 08/09/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $175,000 -- --
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 $2,000 $72,500 $0 $0
2024 $428 $70,300 $0 $0
2023 $1,867 $55,000 $0 $0
2022 $1,867 $54,800 $0 $0
2021 $1,829 $44,900 $0 $0
2020 $1,641 $51,800 $0 $0
2019 $1,605 $32,400 $0 $0
2018 -- $30,900 $0 $0
2017 -- $31,000 $0 $0
2016 -- $33,300 $0 $0
2015 -- $42,800 $0 $0
2014 -- $44,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50136702

Michigan Multiple Listing Service

APN: 111-005-100-280-04