NOT LISTED FOR SALE

7781 Island Reading, MI 49274

Estimated Value: $262,000 - $368,000

3 Beds
1 Bath
1,910 Sq Ft
$164/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $50,000 $26 Per Sq Ft

Est. 527% increase in value since last sale

Current estimated payment $1,705/month

85 Days on Market

Highlights

  • 146 Feet of Waterfront
  • Wooded Lot
  • Lot Has A Rolling Slope
  • Deck
  • Baseboard Heating
  • Wood Burning Fireplace

About This Home

As of May 2015

1 STORY LAKE FRONT HOME ON RIBECK LAKE. HOME FEATURES A FULL WALKOUT BASEMENT WITH PATIO AREA. 3 BEDROOMS, 1020 SQFT OF LIVING SPACE AND A FIREPLACE.

Last Agent to Sell the Property

Mark Goedert

Goedert Real Estate License #6502127024 Listed on: 01/13/2015

Last Buyer's Agent

Mark Goedert

Goedert Real Estate License #6502127024 Listed on: 01/13/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 146x133
  • 146 Feet of Waterfront
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • Unpaved Driveway

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,910 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Water Access
  • No Wake Zone
  • Deck

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0.45 Acres

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1960
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 49.02
  • General Property Info:Lot Dimensions: 146X133
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1910.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Design: Ranch
  • Waterfront Options:Water Access YN: Yes
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Waterfront Options:Water Frontage3: 146.0
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: Yes
  • Lot Description:Rolling Hills: Yes
  • Substructure:Walk Out: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Heat Type:Baseboard: Yes
  • Water Heater:Electric3: Yes
  • Heat Source:Wood2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood Burning, Living
  • Fireplace: Yes
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Walk Out
  • LivingArea: 1910.0
  • General Property Info:Stories2: 1.0
  • Fireplace:Living: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 50000.0
  • Lot Features: Wooded
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Rolling Hills":true}
  • Water Body Name: Riebeck Lake
  • Waterfront Features: No Wake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Features:Deck(s): Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Heating: Baseboard, Electric, Wood
  • Heating: Yes
  • Sewer: Septic System
  • Water Source: Well
  • Water Well: Yes
  • Heat Source:Electric2: Yes

Association/Amenities

  • Water Fea Amenities:No Wake: Yes

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Dimensions: 146X133
  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2015
Closed on
Apr 22, 2015
Sold by
Fannie Mae
Bought by
Rays Michael P
Seller's Agent
Mark Goedert
Goedert Real Estate
Buyer's Agent
Mark Goedert
Goedert Real Estate
List Price
$85,500
Sold Price
$50,000
Premium/Discount to List
-$35,500
-41.52%
Current Estimated Value
$313,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,325
Avg. Annual Appreciation
18.52%

Purchase Details

Closed on
Aug 3, 2012
Sold by
Wickard Lisa
Bought by
The State Bank & Trust Company

Purchase Details

Closed on
Nov 14, 2001
Bought by
Wickard Lisa

Purchase Details

Closed on
Apr 21, 1993
Sold by
Martin John W and Martin Kimberly A
Bought by
Wickard Wayne G and Wickard Lisa G

Purchase Details

Closed on
Feb 13, 1986
Sold by
Miller David P
Bought by
Martin John W

Purchase Details

Closed on
Apr 22, 1983
Sold by
Farnham Lavern A and Farnham Betty A
Bought by
Miller David P and Martin John W
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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Purchase History

Date Buyer Sale Price Title Company
Rays Michael P $50,000 None Available
The State Bank & Trust Company $54,311 None Available
Wickard Lisa -- --
Wickard Wayne G $80,000 --
Martin John W $7,000 --
Miller David P $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2015 05/01/15 Sold $50,000 -41.5% $26 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $85,500 -- $45 / Sq Ft
Source: MichRIC

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 $1,095 $164,400 $0 $0
2024 $11 $135,600 $0 $0
2023 $1,017 $129,700 $0 $0
2022 $3,838 $120,600 $0 $0
2021 $3,733 $104,100 $0 $0
2020 $3,721 $101,600 $0 $0
2019 $3,620 $93,000 $0 $0
2018 $3,502 $84,900 $0 $0
2017 $3,381 $86,400 $0 $0
2016 $3,351 $76,200 $0 $0
2015 $835 $76,200 $0 $0
2013 $798 $105,380 $0 $0
2012 $779 $104,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Goedert

    Goedert Real Estate

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Map

Source: MichRIC

MLS Number: 15001496

MichRIC

APN: 10-180-001-029

Michigan Hillsdale County Reading 49274

7781 Island, Reading, MI

Not Listed for Sale

Detached

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MichRIC Information is deemed reliable but not guaranteed.
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