NOT LISTED FOR SALE

7341 Ostrum Rd Belding, MI 48809

Estimated Value: $393,370

31 Acres
$12,689 Price per Acre
1,350,360 Sq Ft Lot

Last Sold September 06, 2017

Last sale price $224,000

Est. 76% increase in value since last sale

Current estimated payment $2,437/month

25 Days on Market

Highlights

  • Barn
  • 31 Acre Lot
  • Wooded Lot
  • Stables

About This Lot

As of September 2017

STABLE ONLY-No home. Dream equestrian property just waiting for you to build a house on! The barn is what every horse person longs for! Indoor arena is 70' x 140' with 21' ceilings, 3 large access doors, insulated ceilings with lights above and in side walls. The fully insulated 30 x 90 barn area has 4 top of the line matted stalls (room for several more), wash rack with hot and cold water, tack room, feed room, grooming area and bathroom. Above is a huge area for hay storage for approx 500-600 bale. Outside are two vinyl fenced turn out paddocks. Barn has its own well & septic. Barn sits on 31 acres which is all apple trees. The barn cost $250K to build so this is an awesome buy considering you get 31 acres! Buyer must verify all items. Do not walk without approval.

Last Agent to Sell the Property

Tami Vroma

Five Star Real Estate (Main) Listed on: 07/01/2017

Five Star Real Estate (Main)

Last Buyer's Agent

Tami Vroma

Five Star Real Estate (Main) Listed on: 07/01/2017

Five Star Real Estate (Main)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,890

Lot Details

  • 31 Acre Lot
  • Lot Dimensions are 750x1300x1077x1060x340x233
  • The property's road front is unimproved
  • Wooded Lot
  • Property is zoned Ag, Ag

Utilities

  • Well
  • Septic Tank

Additional Features

  • Barn
  • Stables

Property Details

Property Type

Land

Est. Annual Taxes

$3,890

Lot Details

0

Listing Details

  • Property Sub-Type: Acreage
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: 750x1300x1077x1060x340x233
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 3890.0
  • Tax Info:Zoning3: Ag
  • Waterfront Options:Water Access YN: No
  • Lot Description:Wooded: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • General Property Info:Property Sub-Type2: Acreage
  • Utilities Attached:Septic: Yes
  • Utilities Attached:Well2: Yes
  • Outbuildings:Stable: Yes
  • Outbuildings:Barn: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 225000.0
  • Lot Features: Buildable, Building, Wooded
  • Road Surface Type: Unimproved
  • Waterfront: No

Utilities

  • Water Source: Well

Lot Info

  • Lot Size Acres: 31.0
  • Lot Size Area: 31.0
  • Lot Size Sq Ft: 1350360.0
  • Zoning Description: Ag
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3890.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2017
Closed on
Sep 6, 2017
Sold by
Karl Vonbadersnider
Bought by
Ellison John R-Laura J
Seller's Agent
Tami Vroma
Five Star Real Estate (Main)
Buyer's Agent
Tami Vroma
Five Star Real Estate (Main)
List Price
$225,000
Sold Price
$224,000
Premium/Discount to List
-$1,000
-0.44%
Current Estimated Value
$393,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,370
Avg. Annual Appreciation
6.97%
Original Mortgage
$179,200
Outstanding Balance
$149,725
Interest Rate
3.92%
Mortgage Type
Construction
Estimated Equity
$243,645

Purchase Details

Closed on
Mar 20, 2000
Bought by
Vonbadersnider Karl and Vonbadersnider Jacquli
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ellison John R-Laura J $224,000 --
Vonbadersnider Karl $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellison John R-Laura J $179,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2017 09/06/17 Sold $224,000 -0.4% --
07/26/2017 07/26/17 Pending -- -- --
07/01/2017 07/01/17 For Sale $225,000 -- --
Source: MichRIC

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 $4,561 $170,800 $60,400 $110,400
2024 $16 $170,800 $60,400 $110,400
2023 $1,517 $151,000 $60,200 $90,800
2022 $1,445 $151,000 $60,200 $90,800
2021 $4,032 $131,500 $51,300 $80,200
2020 $1,386 $131,500 $51,300 $80,200
2019 $1,430 $131,300 $51,200 $80,100
2018 $3,822 $127,100 $54,000 $73,100
2017 $1,365 $127,100 $54,000 $73,100
2016 $1,430 $133,800 $54,000 $79,800
2015 -- $133,800 $54,000 $79,800
2014 -- $139,400 $51,800 $87,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17032358

MichRIC

APN: 130-023-000-010-01