NOT LISTED FOR SALE

5870 Ponderosa Dr Unit 1 Shelby Township, MI 48316

Estimated Value: $2,942,365

1 Bed
1 Bath
700 Sq Ft
1965 Built

Highlights

  • End Unit
  • No HOA
  • Ceiling Fan
  • Issac Monfort Elementary School Rated A-
  • 1-Story Property
  • Baseboard Heating

About This Home

As of April 2016

VERY BRIGHT AND CUTE 1 BEDROOM APARTMENT AVAILABLE FOR RENT! VERY SPACIOUS! PRIVATE ENTRY. KITCHEN APPLIANCES INCLUDED. COIN OPERATED WASHER AND DRYER ARE IN THE COMMON BUILDING AREA FOR THE TENANT TO USE. WALL A/C AND 2 CEILING FANS. CENTRALLY LOCATED TO BUSINESS AND SHOPPING. $1875 IN GROSS MONTHLY INCOME REQUIRED. RENTER'S PET FRIENDLY(NON-AGGRESSIVE BREEDS ONLY) WITH $250 PET FEE. RENTER'S INSURANCE REQUIRED. NO SMOKING ALLOWED IN THE BUILDING. $25 APP FEE PER LEASE HOLDER AND $15 APP FEE PER ADULT OCCUPANT(NON-LEASE HOLDER). SCHEDULE A SHOWING TODAY!

Last Agent to Rent the Property

Brad Sandberg

Michigan Management & Property Maint Inc License #6501356530 Listed on: 02/23/2016

Last Renter's Agent

Mark Austin

GSA Elite Realty License #6501349659

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $41,071

Year Built

  • Built in 1965

Lot Details

  • End Unit
  • Private Entrance

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Security Deposit $938
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 25.00
  • Assessor Parcel Number 0717477020

Community Details

Overview

  • No Home Owners Association
  • Evergreen Acres # 01 Subdivision

Pet Policy

  • Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$41,071

Year Built

Built in 1965

Lot Details

0

Rental Info

  • Application Fee: 25.00
  • Lease Type: Apartments
  • Security Deposit: 937.50
  • Tenant Amenities: Maintenance On-Site

Listing Details

  • Property Type: Condominium
  • Architecture Style: End Unit
  • Architecture Level: 1 Story
  • Year Built: 1965
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Sq Ft Combined: 700
  • Total Sq Ft: 700

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick, Wood
  • Exterior Features: Private Entry
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: No

Fee Information

  • Additional Fee: 15.00

Schools

  • School District: Utica

Lot Info

  • Parcel Number: 0717477020

Multi Family

  • Length of Lease: 12 Months, 13-24 Months, 25-36 Months

MLS Schools

  • School District: Utica

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2019
Sold by
Shelby Hill Apartments Llc
Bought by
51501 Mound Llc
Current Estimated Value
$2,942,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,988,000
Outstanding Balance
$1,752,819
Interest Rate
3.82%
Mortgage Type
Construction
Estimated Equity
$1,113,011

Purchase Details

Closed on
Apr 24, 2018
Sold by
Allen Park Investors Llc
Bought by
Shelby Hail Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,355,000
Interest Rate
4.44%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 13, 2013
Sold by
Ponderosa Apartments Llc
Bought by
Allen Park Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$966,000
Interest Rate
4.23%
Mortgage Type
Commercial
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
51501 Mound Llc -- First American Title Ins Co
Shelby Hail Apartments Llc -- First American Title Insuran
Allen Park Investors Llc $1,380,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 51501 Mound Llc $1,988,000
Previous Owner Shelby Hill Apartments Llc $1,355,000
Previous Owner Allen Park Investors Llc $966,000
Previous Owner Ponderosa Apartments Llc $215,100
Previous Owner Ponderosa Apartments Llc $50,000
Previous Owner Ponderosa Apartments Llc $50,000
Previous Owner Ponderosa Apartments Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2016 04/14/16 Rented $625 0.0% --
02/23/2016 02/23/16 For Rent $625 -- --
Source: Realcomp

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 $41,071 $1,204,800 $0 $0
2024 $22,916 $1,043,400 $0 $0
2023 $21,743 $1,041,000 $0 $0
2022 $36,225 $1,017,800 $0 $0
2021 $35,300 $889,200 $0 $0
2020 $19,540 $729,300 $0 $0
2019 $30,141 $650,800 $0 $0
2018 $29,688 $634,200 $0 $0
2017 $29,672 $642,000 $137,000 $505,000
2016 $29,521 $642,000 $0 $0
2015 $29,191 $778,300 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Landlord's Agent in 2016

    Brad Sandberg

    Michigan Management & Property Maint Inc

    (248) 284-4100

    3 Total Sales

    Brad Sandberg
    Section Image

  • M

    Tenant's Agent in 2016

    Mark Austin

    GSA Elite Realty

    Section Image
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Map

Source: Realcomp

MLS Number: 216016910

Realcomp

APN: 23-07-17-477-020

Michigan Macomb County Shelby Township 48316

5870 Ponderosa Dr Unit 1, Shelby Township, MI

This home is located at 5870 Ponderosa Dr Unit 1, Shelby Township, MI 48316 since 23 February 2016 and is currently priced at $2,942,365. This property was built in 1965. 5870 Ponderosa Dr Unit 1 is a home located in Macomb County with nearby schools including Issac Monfort Elementary School, Shelby Junior High School, and Utica High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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