NOT LISTED FOR SALE

71287 Michigan 62 Edwardsburg, MI 49112

Estimated Value: $460,000 - $516,571

4 Beds
2 Baths
3,000 Sq Ft
$164/Sq Ft Est. Value

Last Sold May 03, 2017

Last sale price $65,000 $22 Per Sq Ft

Est. 460% increase in value since last sale

Current estimated payment $2,012/month

8 Days on Market

Highlights

  • 5.03 Acre Lot
  • Recreation Room
  • 4 Car Garage
  • Edwardsburg Intermediate School Rated A-
  • Farmhouse Style Home
  • Living Room

About This Home

As of May 2017

GREAT INVESTMENT , BRICK FARMHOUSE ON APPROX 5 ACRES WITH OUTBUILDING AND CONVENIENT LOCATION. ROOM TO ROAM INSIDE AND OUT.

Last Agent to Sell the Property

Thomas Tracey

RE/MAX Modern Realty, Inc. License #6501190463 Listed on: 04/05/2017

Last Buyer's Agent

John Palmer

MI Realty, A Michigan RE Co. License #6501349171

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 5.03 Acre Lot
  • Lot Dimensions are 382x565x378x582

Parking

  • 4 Car Garage

Home Design

  • Farmhouse Style Home
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Partial Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 382X565X378X582
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3000.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1705.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 2400.0
  • General Property Info Garage YN: Yes
  • Architectural Style Farm House: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial
  • LivingArea: 3000.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Finished SQFT: 600.0
  • Below Grade Sq Ft: 600.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 89900.0
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage: Yes
  • Parking Features: Detached, Attached
  • Parking Features:Detached2: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 5.03
  • Lot Size Area: 5.03
  • Lot Dimensions: 382X565X378X582
  • Lot Size Sq Ft: 219106.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1705.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2020
Sold by
Smith Edward
Bought by
Gee Meghann
Current Estimated Value
$363,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 5, 2017
Closed on
Apr 25, 2017
Sold by
Nationstar Mortgage Llc
Bought by
Smith Edward L
Seller's Agent
Thomas Tracey
RE/MAX Modern Realty, Inc.
Buyer's Agent
John Palmer
MI Realty, A Michigan RE Co.
List Price
$89,900
Sold Price
$65,000
Premium/Discount to List
-$24,900
-27.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.68%

Purchase Details

Closed on
Nov 2, 2016
Sold by
Rishbe Mildred R and Rishbe Michael R
Bought by
Nationstar Mortgage Llc and Champion Mortgage Company

Purchase Details

Closed on
Apr 27, 2011
Sold by
Seigel Eric Wade and Seigel Cynthia M
Bought by
Seigel Robert D and Seigel Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2011
Sold by
Seigel Eric Wade and Seigel Cynthia M
Bought by
Seigel Robert D and Seigel Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.8%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Gee Meghann $475,000 Accommodation
Smith Edward L $65,000 None Available
Nationstar Mortgage Llc $58,000 Attorney
Seigel Robert D -- Prc Division Placer Title Co
Seigel Robert D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gee Meghann $285,000
Previous Owner Seigel Robert D $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2017 05/03/17 Sold $65,000 -27.7% $22 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $89,900 -- $30 / Sq Ft
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
2024 $362 $61,400 $61,400 $0
2023 $1,501 $210,200 $0 $0
2022 $1,429 $184,800 $0 $0
2021 $3,511 $130,900 $0 $0
2020 $2,715 $118,000 $0 $0
2019 $4,106 $92,100 $0 $0
2018 $864 $81,200 $0 $0
2017 $680 $65,700 $0 $0
2016 $674 $63,400 $0 $0
2015 -- $72,900 $0 $0
2011 -- $75,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17014042

Southwestern Michigan Association of REALTORS®

APN: 14-090-020-014-00