NOT LISTED FOR SALE

7435 1 1/2 Mile Rd East Leroy, MI 49051

Estimated Value: $161,000 - $223,000

4 Beds
2 Baths
1,147 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $81,270 $71 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,205/month

11 Days on Market

Highlights

  • Deck
  • Farmhouse Style Home
  • Forced Air Heating System

About This Home

As of November 2015

This is a Freddie Mac/Homes property. This property is eligible under the Freddie Mac First Look Initiative through 06/28/2015. Please see HomeSteps.com for the countdown clock and further details. WOW! All spruced up and ready for a new family! The home has new carpet, vinyl and paint. There are 4 bedrooms and 2 bathrooms and a large country kitchen! All of this located on 4.2 acres! This could be a great family home again! Check it out today! To learn more about properties like this one, please google aresmi.com and then email: homeinfoplease@charter.net for your showing!

Last Agent to Sell the Property

Gail Mitchell

Advanced Real Estate Services Listed on: 08/10/2015

Last Buyer's Agent

Robin Cunningham

Coldwell Banker Morehart Realty License #6501386632

Coldwell Banker Morehart Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1920

Lot Details

  • 4.2 Acre Lot
  • Lot Dimensions are 210x871

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 1,147 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

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

Est. Annual Taxes

$1,500

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 210x871
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1147.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1500.0
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1147.0
  • General Property Info Garage YN: No
  • Architectural Style Farm House: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 1147.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 576.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 79900.0
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 4.2
  • Lot Size Area: 4.2
  • Lot Dimensions: 210x871
  • Lot Size Sq Ft: 182952.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Nov 24, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hendershot Fred Lee
Seller's Agent
Gail Mitchell
Advanced Real Estate Services
Buyer's Agent
Robin Cunningham
Coldwell Banker Morehart Realty
List Price
$79,900
Sold Price
$81,270
Premium/Discount to List
$1,370
1.71%
Current Estimated Value
$196,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,769
Avg. Annual Appreciation
9.52%
Original Mortgage
$85,796
Outstanding Balance
$68,199
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$128,206

Purchase Details

Closed on
Jan 8, 2015
Sold by
Bradley Laurie and Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 31, 2000
Sold by
Weeks Eugene
Bought by
Bradley Laurie E

Purchase Details

Closed on
Mar 10, 1992
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
Hendershot Fred Lee $81,270 Attorney
Federal Home Loan Mortgage Corporation $31,279 None Available
Bradley Laurie E $86,500 --
-- $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hendershot Fred $14,000
Open Hendershot Fred Lee $85,796
Previous Owner Bradley Laurie $105,000
Previous Owner Bradley Laurie E $108,000
Previous Owner Bradley Laurie E $13,839
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $81,270 +1.7% $71 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $79,900 -- $70 / 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 $1,569 $82,450 $0 $0
2024 $613 $75,300 $0 $0
2023 $1,356 $67,250 $0 $0
2022 $556 $56,750 $0 $0
2021 $1,341 $52,750 $0 $0
2020 $1,296 $48,200 $0 $0
2019 $0 $45,400 $0 $0
2018 $0 $47,300 $15,500 $31,800
2017 $1,147 $46,850 $0 $0
2016 $1,147 $42,050 $0 $0
2015 -- $44,050 $23,936 $20,114
2014 -- $41,900 $23,936 $17,964
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15043022

Southwestern Michigan Association of REALTORS®

APN: 14-290-021-00