NOT LISTED FOR SALE

7162 1 2 Mile Rd East Leroy, MI 49051

Estimated Value: $268,000 - $297,000

3 Beds
2 Baths
2,118 Sq Ft
$134/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $195,000 $92 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,725/month

11 Days on Market

Highlights

  • Barn
  • 1 Car Detached Garage
  • Replacement Windows
  • Farmhouse Style Home
  • Forced Air Heating System

About This Home

As of July 2020

Clean country farm-home in a quite and peaceful setting, with 3 big red Michigan barns and 5 acres and it is only 7-10 minutes from town. A cup of morning coffee can be enjoyed from either the 3-seasons room or 1 of the 2 relaxing country porches. Then, as you bake an apple pie in the updated kitchen featuring stainless steal appliances & original tin ceiling, the aroma will float through the home's 9 foot ceilings to the family room, living room, parlor, 3 bedrooms & 2 full baths, to entice everyone to taste the delicious treat at the eat-in kitchen area or the formal dining room. After bellies are full, everyone can go outside to enjoy the property. Take a stroll gazing at the changing colors of the shade trees, farm the approx. 2 tillable acres, or gather at the firepit for smores. wonderful property. Perhaps take a stroll to gaze at the changing colors of the mature shade trees or farm the approximate 2 tillable acres. Or gather everyone around to share stories by the firepit.

Last Agent to Sell the Property

Eric Blair

Pearse Realty, Inc. License #6501313931 Listed on: 05/07/2020

Last Buyer's Agent

Ashley Winston

RE/MAX Perrett Associates License #6501379385

RE/MAX Perrett Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,711

Year Built

  • Built in 1900

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 375 x 5806

Parking

  • 1 Car Detached Garage

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,118 Sq Ft Home
  • 2-Story Property
  • Replacement Windows
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Farming

  • Barn

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,711

Year Built

Built in 1900

Lot Details

0

Parking

1

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: 375 x 5806
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2118.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1711.46
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Substructure:Michigan Basement: Yes
  • Heat Source:Wood2: Yes
  • General Property Info:SqFt Above Grade: 2118.0
  • General Property Info Garage YN: Yes
  • Architectural Style Farm House: Yes
  • Other Structures:Barn: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 2118.0
  • Window Features: Replacement
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 860.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 195000.0
  • Other Structures: Barn(s)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

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

Lot Info

  • Lot Size Acres: 5.0
  • Lot Size Area: 5.0
  • Lot Dimensions: 375 x 5806
  • Lot Size Sq Ft: 217800.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1711.46
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Jul 15, 2020
Sold by
Hoffman Jeffrey F and Li Loretta
Bought by
Young David Phillip and Young Sandy
Seller's Agent
Eric Blair
Pearse Realty, Inc.
Buyer's Agent
Ashley Winston
RE/MAX Perrett Associates
List Price
$195,000
Sold Price
$195,000
Current Estimated Value
$283,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,437
Avg. Annual Appreciation
7.37%
Original Mortgage
$199,485
Outstanding Balance
$177,218
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$106,219

Purchase Details

Closed on
Aug 4, 2010
Sold by
Hoffman Jeffrey F and Hoffman Loretta J
Bought by
Hoffman Jeffrey F and Hoffman Loretta J

Purchase Details

Closed on
Nov 22, 2006
Sold by
Grimes Andrew J and Grimes Tammy S
Bought by
Hoffman Jeffrey F and Hoffman Loretta J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 1997
Bought by
Grimes
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
Young David Phillip $195,000 None Available
Hoffman Jeffrey F -- None Available
Hoffman Jeffrey F $178,000 Chicago Title
Grimes $89,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young David Phillip $199,485
Previous Owner Hoffman Jeffrey F $142,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $195,000 0.0% $92 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $195,000 -- $92 / 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
2025 $2,654 $120,650 $0 $0
2024 $1,052 $112,200 $0 $0
2023 $2,325 $99,750 $0 $0
2022 $954 $86,450 $0 $0
2021 $2,254 $80,450 $0 $0
2020 $1,747 $72,900 $0 $0
2019 $0 $67,250 $0 $0
2018 $0 $63,450 $15,850 $47,600
2017 $1,603 $61,900 $0 $0
2016 $1,603 $58,750 $0 $0
2015 -- $62,650 $16,590 $46,060
2014 -- $59,450 $16,590 $42,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20014875

Southwestern Michigan Association of REALTORS®

APN: 14-290-039-10