NOT LISTED FOR SALE

720 N Lapeer Rd Lake Orion, MI 48362

Estimated Value: $3,575,824

-- Bed
-- Bath
4,000 Sq Ft
$894/Sq Ft Est. Value

About This Home

This home is located at 720 N Lapeer Rd, Lake Orion, MI 48362 and is currently estimated at $3,575,824, approximately $893 per square foot. 720 N Lapeer Rd is a home located in Oakland County with nearby schools including Paint Creek Elementary School, Oakview Middle School, and Lake Orion Community High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Legend-Lake Orion Llc
Bought by
Regent Investment Corporation
Current Estimated Value
$3,575,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,237
Outstanding Balance
$599,266
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$2,976,558

Purchase Details

Closed on
Jul 25, 2022
Sold by
Long Lake Professional Bldg Llc
Bought by
Legend-Lake Orion Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,740,500
Interest Rate
5.81%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 5, 2001
Sold by
Arsen John D
Bought by
Long Lake Professional Buildi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,632,000
Interest Rate
6.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 1998
Sold by
Gerald T Sloan Tr
Bought by
Arsen John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.76%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Regent Investment Corporation -- Stewart Title
Regent Investment Corporation -- Stewart Title
Legend-Lake Orion Llc -- --
Long Lake Professional Buildi -- --
Arsen John $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regent Investment Corporation $616,237
Closed Regent Investment Corporation $616,237
Previous Owner Legend-Lake Orion Llc $3,740,500
Previous Owner Long Lake Professional Buildi $1,632,000
Previous Owner Arsen John $210,000
Source: Public Records

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 $47,339 $1,104,320 $0 $0
2023 $44,451 $1,058,350 $0 $0
2022 $36,881 $958,050 $0 $0
2021 $35,370 $928,190 $0 $0
2020 $27,742 $907,420 $0 $0
2019 $33,255 $830,060 $0 $0
2018 $32,923 $696,720 $0 $0
2015 -- $623,540 $0 $0
2014 -- $604,670 $0 $0
2011 -- $666,940 $0 $0
Source: Public Records

Map

Michigan Oakland County Lake Orion 48362

720 N Lapeer Rd, Lake Orion, MI

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