NOT LISTED FOR SALE

701 E Forest Ave Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $553,949 - $719,000

5 Beds
4 Baths
3,736 Sq Ft
$167/Sq Ft Est. Value

Last Sold March 15, 2012

Last sale price $55,000 $15 Per Sq Ft

Est. 1,035% increase in value since last sale

Current estimated payment $3,842/month

77 Days on Market

Highlights

  • 0.99 Acre Lot
  • 2 Car Detached Garage
  • Gas Log Fireplace
  • No HOA
  • Hot Water Heating System

About This Home

As of March 2012

Highest And Best Due 2/21/12 By Noon. Required H&B Disclosure Attacehd.Home Sold As-is. Two Year Seller Paid Home Warranty For All Owner Occupant Buyers. This Property Is Eligible Under Freddie Mac First Look Initiative Through 12/26/2011. $1,000 Selling Agent Bonusfor All Owner Occupant Offers Submitted Prior To 01/31/2012 With Escrow Closed On Or Before 3/15/2012.

Last Agent to Sell the Property

Randall Brookshire

Century 21 Affiliated License #6506034828 Listed on: 12/09/2011

Century 21 Affiliated

Last Buyer's Agent

Agusta Gunnarsdottir

Berkshire Hathaway HomeService License #6501292899

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1870

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 174 x 247

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 5 Bedrooms
  • 3,736 Sq Ft Home
  • 3-Story Property
  • Gas Log Fireplace
  • Basement Fills Entire Space Under The House

Schools

  • Ypsilanti Community Middle School
  • Ypsilanti Community High School

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1870

Lot Details

0.99 Acres

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 3
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 13.38
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 174 X 247
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3736.0
  • Tax Info:Annual Property Tax: 6056.0
  • Tax Info:Zoning3: Res
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: Yes
  • Heat Type:Hot Water: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 3736.0
  • General Property Info High School: Ypsilanti Community High School
  • General Property Info Middle School2: Ypsilanti Community Middle School
  • General Property Info Garage YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Basement: Full
  • LivingArea: 3736.0
  • General Property Info:Stories2: 3.0
  • Fireplace:Gas Log: Yes

Exterior Features

  • List Price: 50000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Ypsilanti Community High School
  • Middle/Junior School: Ypsilanti Community Middle School

Lot Info

  • Lot Size Acres: 0.99
  • Lot Size Area: 0.99
  • Lot Dimensions: 174 X 247
  • Lot Size Sq Ft: 43124.0
  • Zoning Description: Res

Tax Info

  • Tax Annual Amount: 6056.0
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2011
Closed on
Mar 14, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Myers Christopher
Seller's Agent
Randall Brookshire
Century 21 Affiliated
Buyer's Agent
Agusta Gunnarsdottir
Berkshire Hathaway HomeService
List Price
$50,000
Sold Price
$55,000
Premium/Discount to List
$5,000
10%
Current Estimated Value
$623,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,987
Avg. Annual Appreciation
18.94%

Purchase Details

Closed on
Aug 27, 2009
Sold by
Somers Steven
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 15, 2005
Sold by
Koenig Joseph L and Lloyd Ronald P
Bought by
Somers Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.13%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 28, 2003
Sold by
Koenig Joseph L
Bought by
Koenig Joseph L and Lloyd Ronald P

Purchase Details

Closed on
May 20, 2003
Sold by
Koenig Deana J
Bought by
Koenig Joseph L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Myers Christopher $55,000 Lib
Federal Home Loan Mortgage Corp $266,751 None Available
Somers Steve $300,000 --
Koenig Joseph L -- --
Koenig Joseph L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Somers Steve $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2012 03/15/12 Sold $55,000 +10.0% $15 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $50,000 -- $13 / Sq Ft
Source: MichRIC

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 $7,571 $308,000 $0 $0
2024 $7,508 $285,400 $0 $0
2023 $6,375 $253,800 $0 $0
2022 $7,029 $231,700 $0 $0
2021 $7,581 $215,000 $0 $0
2020 $5,357 $197,100 $0 $0
2019 $5,148 $162,500 $162,500 $0
2018 $4,825 $151,300 $0 $0
2017 $4,738 $145,600 $0 $0
2016 $4,769 $69,781 $0 $0
2015 -- $69,573 $0 $0
2014 -- $67,400 $0 $0
2013 -- $67,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randall Brookshire

    Seller's Agent in 2012

    Randall Brookshire

    Century 21 Affiliated

    (734) 260-0305

    24 Total Sales

    Randall Brookshire
    Section Image

  • A

    Buyer's Agent in 2012

    Agusta Gunnarsdottir

    Berkshire Hathaway HomeService

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Map

Source: MichRIC

MLS Number: 39108

MichRIC

APN: 11-03-330-021

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

701 E Forest Ave, Ypsilanti, MI

Not Listed for Sale

Detached

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MichRIC Information is deemed reliable but not guaranteed.
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