NOT LISTED FOR SALE

5971 Lakeshore Dr West Olive, MI 49460

Port Sheldon Township Neighborhood

Estimated Value: $2,254,806 - $3,482,000

2.5 Acres
$1,086,908 Price per Acre
108,900 Sq Ft Lot

Last Sold January 02, 2013

Last sale price $690,000

Est. 294% increase in value since last sale

Current estimated payment $16,577/month

148 Days on Market

Highlights

  • Private Waterfront
  • Harbor Lights Middle School Rated A-
  • 2.5 Acre Lot

About This Lot

As of January 2013

100 ft building site on Lake Michigan. It has over 1000 ft of depth. A shared drive is presently available or put in all new everything. The dune in front of the building site can be a patio. Walkways are established to walk to the beach. Build your beautiful 3 story home to enjoy the lake and views!

Last Agent to Sell the Property

Beth Foley

Shores of Michigan Real Estate LLC License #6502408962 Listed on: 08/07/2012

Last Buyer's Agent

WMLAR Non Member

WMLAR NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,879

Lot Details

  • 2.5 Acre Lot
  • Private Waterfront
  • Finished Lot(s)

Community Details

  • Water Sports

Property Details

Property Type

Land

Est. Annual Taxes

$4,879

Lot Details

0

Listing Details

  • Property Sub-Type: Lot
  • Property Type: Land
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 795000.0
  • Lot Features: Buildable, Wooded
  • Road Surface Type: Paved
  • Water Body Name: Lake Michigan
  • Waterfront Features: All Sports, Private Frontage
  • Waterfront: Yes

Lot Info

  • Lot Size Acres: 2.5
  • Lot Size Area: 2.5
  • Lot Size Sq Ft: 108900.0

Tax Info

  • Tax Annual Amount: 4879.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2012
Closed on
Dec 31, 2012
Sold by
Swain Mary G
Bought by
Gribar John J and Mcintyre Elisabeth
Seller's Agent
Beth Foley
Shores of Michigan Real Estate LLC
Buyer's Agent
WMLAR Non Member
WMLAR NON MEMBER
List Price
$850,000
Sold Price
$690,000
Premium/Discount to List
-$160,000
-18.82%
Current Estimated Value
$2,717,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,027,269
Avg. Annual Appreciation
11.40%
Original Mortgage
$621,000
Interest Rate
4.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Gribar John J -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gribar John J $925,000
Closed Gribar $1,164,000
Closed Gribar John $1,200,000
Closed Gribar John J $621,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2013 01/02/13 Sold $690,000 -18.8% --
01/02/2013 01/02/13 Pending -- -- --
08/07/2012 08/07/12 For Sale $850,000 -- --
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 $25,197 $1,237,600 $0 $0
2024 $21,778 $1,108,200 $0 $0
2023 $21,013 $1,051,200 $0 $0
2022 $23,084 $959,300 $0 $0
2021 $22,419 $913,300 $0 $0
2020 $22,177 $926,600 $0 $0
2019 $21,222 $968,600 $0 $0
2018 -- $783,600 $0 $0
2017 -- $783,600 $0 $0
2016 -- $688,100 $0 $0
2015 -- $709,000 $0 $0
2014 -- $690,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Foley

    Seller's Agent in 2013

    Beth Foley

    Shores of Michigan Real Estate LLC

    (616) 405-3464

    2 in this area

    32 Total Sales

    Beth Foley
    Section Image

  • W

    Buyer's Agent in 2013

    WMLAR Non Member

    WMLAR NON MEMBER

    2 in this area

    155 Total Sales

    WMLAR Non Member
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12043481

Southwestern Michigan Association of REALTORS®

APN: 70-11-28-300-032

Michigan Ottawa County West Olive 49460 Port Sheldon Township

5971 Lakeshore Dr, West Olive, MI

This home is located at 5971 Lakeshore Dr, West Olive, MI 49460 since 07 August 2012 and is currently estimated at $2,717,269. 5971 Lakeshore Dr is a home located in Ottawa County with nearby schools including Sheldon Woods Elementary School, Harbor Lights Middle School, and West Ottawa High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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