NOT LISTED FOR SALE

725 122nd Ave Shelbyville, MI 49344

Estimated Value: $261,000 - $285,000

3 Beds
1 Bath
1,040 Sq Ft
$258/Sq Ft Est. Value

Last Sold May 08, 2020

Last sale price $177,000 $170 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,731/month

6 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Snack Bar or Counter
  • Mud Room
  • Eat-In Kitchen
  • Kitchen Island

About This Home

As of May 2020

3 bedroom, 1 bath ranch style home built in 1981, situated on 1 acre in the Martin School District. The home offers kitchen with snack bar, dining room with sliders to the back deck, Nice size living room. The full basement offers a family room with wood burner, and additional storage space and laundry area. There is a two stall attached garage. Country living at its best.

Last Agent to Sell the Property

Tammy Waller

Location Realty License #6502369515 Listed on: 03/13/2020

Last Buyer's Agent

Eric Hofmann

RE/MAX of Grand Rapids (Stndl)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,301

Year Built

  • Built in 1971

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 173 x 251 x 173 x 251
  • The property's road front is unimproved
  • Property is zoned AG, AG

Parking

  • 2 Car Attached Garage
  • Unpaved Driveway

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Mud Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,301

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1971
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 173 x 251 x 173 x 251
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1040.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1300.89
  • Tax Info:Zoning3: AG
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Util Avail at Street:Electric: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1040.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range
  • Interior Amenities: Kitchen Island, Eat-in Kitchen, Pantry
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1040.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 1040.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 174900.0
  • Patio and Porch Features: Deck
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Dimensions: 173 x 251 x 173 x 251
  • Lot Size Sq Ft: 43560.0
  • Zoning Description: AG
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1300.89
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
May 7, 2020
Sold by
Federal National Mortgage Association
Bought by
Tiripan Sorin
Seller's Agent
Tammy Waller
Location Realty
Buyer's Agent
Eric Hofmann
RE/MAX of Grand Rapids (Stndl)
List Price
$179,900
Sold Price
$177,000
Premium/Discount to List
-$2,900
-1.61%
Current Estimated Value
$268,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,192
Avg. Annual Appreciation
9.24%
Original Mortgage
$178,787
Outstanding Balance
$160,032
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$124,188

Purchase Details

Closed on
Jun 7, 2018
Sold by
Demann Jefrey
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 9, 2004
Sold by
Edema Steve J and Edema Hilary M
Bought by
Demann Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,005
Interest Rate
9.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 1996
Bought by
Edema and Edema Elles
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
Tiripan Sorin -- None Available
Federal National Mortgage Association $110,400 None Available
Demann Jeffrey $137,900 --
Edema $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiripan Sorin $178,787
Previous Owner Demann Jeffrey $132,000
Previous Owner Demann Jeffrey $131,005
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2020 05/08/20 Sold $177,000 -1.6% $170 / Sq Ft
03/19/2020 03/19/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $179,900 -- $173 / 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 $3,623 $96,800 $13,800 $83,000
2024 $3,294 $95,700 $11,000 $84,700
2023 $3,294 $84,100 $11,600 $72,500
2022 $3,294 $69,300 $12,900 $56,400
2021 $3,004 $62,600 $9,400 $53,200
2020 $3,004 $60,100 $11,100 $49,000
2019 $1,333 $56,400 $8,700 $47,700
2018 $1,333 $53,300 $8,100 $45,200
2017 $0 $43,300 $6,100 $37,200
2016 $0 $43,500 $7,300 $36,200
2015 -- $43,500 $7,300 $36,200
2014 -- $42,000 $7,300 $34,700
2013 -- $40,200 $8,100 $32,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20000193

Southwestern Michigan Association of REALTORS®

APN: 15-004-014-10