NOT LISTED FOR SALE

7369 Ostrum Rd Belding, MI 48809

Estimated Value: $217,086 - $241,000

2 Beds
1.5 Baths
1,068 Sq Ft
$215/Sq Ft Est. Value

Last Sold July 25, 2014

Last sale price $67,900 $64 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $1,336/month

100 Days on Market

Highlights

  • 2 Acre Lot
  • Traditional Architecture
  • Forced Air Heating System
  • Deck
  • 2 Car Detached Garage

About This Home

As of July 2014

Great 2 acre setting just outside of town. This 2 Br 1.5 BA is sure to please. The large deck overlooks the tranquil setting. See this home today!! Seller will not consider non Owner Occupant offers until 20 days on the market. Special Financing available. Purchase for as little as 5% down. Seller negotiates the AS-IS sale price and buyer is responsible for all inspections. All information represented herein is approximated and independent verification by buyer is required - information is not guaranteed. Potential buyers should independently verify all information on listing card for accuracy. Offers should include proof of funds, or pre-qual letter.

Last Agent to Sell the Property

Tom Dann

Value Point Real Estate License #6502327633 Listed on: 03/19/2014

Co-Listed By

Ken Cleypool

Value Point Real Estate

Last Buyer's Agent

Laurie Palmer

Live Local Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 346x251x346x251
  • The property's road front is unimproved

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,068 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating 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

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 346X251X346X251
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1068.0
  • Tax Info:Annual Property Tax: 1964.0
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Partial: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1068.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Partial
  • LivingArea: 1068.0
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 69900.0
  • Patio and Porch Features: Deck
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 2.0
  • Lot Size Area: 2.0
  • Lot Dimensions: 346X251X346X251
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1964.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2014
Closed on
Jul 24, 2014
Sold by
Fannie Mae
Bought by
Schaefer Mara
Seller's Agent
Tom Dann
Value Point Real Estate
Buyer's Agent
Laurie Palmer
Live Local Realty
List Price
$84,900
Sold Price
$67,900
Premium/Discount to List
-$17,000
-20.02%
Current Estimated Value
$229,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,372
Avg. Annual Appreciation
11.44%
Original Mortgage
$64,505
Outstanding Balance
$49,189
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$180,083

Purchase Details

Closed on
Jun 6, 2013
Sold by
Wireman James
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 27, 2006
Sold by
Vonvonbaderschneider Karl Von and Badersnider Jacqueline
Bought by
Wireman James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,300
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
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
Schaefer Mara $67,900 Best Homes Title Agency Llc
Federal National Mortgage Association $99,013 None Available
Wireman James $107,300 Greenridge Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaefer Mara $64,505
Previous Owner Wireman James $107,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2014 07/25/14 Sold $67,900 -20.0% $64 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $84,900 -- $79 / 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 $1,454 $81,000 $18,700 $62,300
2024 $507 $81,000 $18,700 $62,300
2023 $484 $64,900 $14,500 $50,400
2022 $461 $64,900 $14,500 $50,400
2021 $1,285 $62,500 $14,500 $48,000
2020 $442 $62,500 $14,500 $48,000
2019 $412 $55,700 $9,700 $46,000
2018 $1,218 $43,600 $9,700 $33,900
2017 $415 $43,600 $9,700 $33,900
2016 $412 $38,200 $9,700 $28,500
2015 -- $38,200 $9,700 $28,500
2014 $471 $43,400 $17,400 $26,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14012117

Southwestern Michigan Association of REALTORS®

APN: 130-023-000-010-00