NOT LISTED FOR SALE

7340 Maplewood Rd Lexington, MI 48450

Estimated Value: $119,000 - $169,000

2 Beds
1 Bath
650 Sq Ft
$224/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $95,000 $146 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $901/month

11 Days on Market

Highlights

  • Cottage
  • 1-Story Property
  • Space Heater
  • Shed

About This Home

As of October 2020

Adorable cottage with private beach access that is just a short walk down the road. This little charmer has been completely updated with new new paint inside and out, new flooring, new bathroom, plumbing and landscaping. Perfect for a weekend getaway or summer home. The roof was replaced about 8 years ago and the pressure tank for the well in 2019. Great investment opportunity to own as a rental.

Last Agent to Sell the Property

Charles Nantroup

Town & Country Realty-Lexington License #MISPE-6501411524 Listed on: 07/16/2020

Last Buyer's Agent

Lon Turner

KW Professionals License #RCO-6501380562

KW Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x126

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 3 Car Parking Spaces

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 650 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • Mary Wade HOA

Listing and Financial Details

  • Assessor Parcel Number 261-310-000-362-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,437

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Cottage
  • Structure Style: 1 Story
  • Total Tax Amount: 1437.47
  • Total Tax Year: 2019
  • Year Built: 9999
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Oven, Refrigerator
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10 x 7
  • Bedroom 2: Dimensions: 7 x 8
  • Bathrooms Description: First Flr Full Bathroom
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: On Level: Entry
  • Kitchen Features: Breakfast Nook/Room
  • Above Grade Finished Sq Ft: 650
  • Total Finished Sq Ft: 650

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Crawl
  • Frontage: 60
  • Road: Country
  • Water Features: All Sports Lake
  • Sideof Street: S
  • Out Buildings: Shed

Garage/Parking

  • Parking: 3 or More Spaces
  • Garage: No

Utilities

  • Heating: Space Heater
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street, Septic
  • Water: Private Well, Public Water at Street
  • Water Heater: Gas
  • Cooling: Wall/Window A/C

Condo/Co-op/Association

  • HOA Fees: 125
  • HOA Fee Frequency: Yearly
  • Association Contact: Mary Wade
  • Association Phone: 4476
  • Association Fee: Yes

Lot Info

  • Assessments: 13800
  • Assessments: Yes
  • Assessor Parcel Number: 261-310-000-362-00
  • Zoning: Residential
  • Location: Subdivision
  • Lot Dimensions: 60x126
  • Acreage: 0.17
  • Geo Subdivision: MI

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Summer Tax: Year: 2019, Amount: $175.43
  • Winter Tax: Year: 2019, Amount: $1,262.04
  • Total Tax: Year: 2019, Amount: $1,437.47

MLS Schools

  • School District: Croswell Lexington Comm SD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Oct 2, 2020
Sold by
Katherine Mclean
Bought by
Ostermann Kirsten
Seller's Agent
Charles Nantroup
Town & Country Realty-Lexington
Buyer's Agent
Lon Turner
KW Professionals
List Price
$89,900
Sold Price
$95,000
Premium/Discount to List
$5,100
5.67%
Current Estimated Value
$137,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,255
Avg. Annual Appreciation
7.65%
Original Mortgage
$76,000
Outstanding Balance
$67,903
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$68,119
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
Ostermann Kirsten $95,000 First Centennial Title Agcy In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostermann Kirsten $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $95,000 +5.7% $146 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $89,900 +156.9% $138 / Sq Ft
01/31/2020 01/31/20 Sold $35,000 -29.6% $57 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/12/2019 11/12/19 For Sale $49,750 -- $82 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,713 $39,600 $0 $0
2024 $245 $37,600 $0 $0
2023 $233 $29,200 $0 $0
2022 $1,625 $23,600 $0 $0
2021 $1,579 $21,200 $0 $0
2020 $1,442 $24,500 $0 $0
2019 $351 $24,700 $0 $0
2018 $1,430 $18,700 $0 $0
2017 $1,130 $19,000 $0 $0
2016 $166 $16,700 $0 $0
2015 -- $20,300 $0 $0
2014 -- $19,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50017664

Michigan Multiple Listing Service

APN: 261-310-000-362-00