NOT LISTED FOR SALE

7848 Lake Dr Clay, MI 48001

Estimated Value: $172,212 - $231,000

2 Beds
1 Bath
944 Sq Ft
$225/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $126,000 $133 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,209/month

8 Days on Market

Highlights

  • Pier or Dock
  • Home fronts a canal
  • Ranch Style House
  • Access To Lake
  • Deck
  • Porch

About This Home

As of June 2017

Adorable and affordable 2 bdrm canal home, open floor plan with snack bar from kitchen to living area ample cabinet space, small yard for easy maintenance yet enough room for a tiki bar and beautiful gardens, steel seawall and cut in boatwell with a straight shot to Lake St Clair. This is a great year round home or cottage and could be you favorite home away from home! Kayak, fish or power boating this place can help you do it all!

Last Agent to Sell the Property

Melanie Lovati

Innovation Real Estate Specialists Inc. License #MISPE-6502370130 Listed on: 05/01/2017

Last Buyer's Agent

Melanie Lovati

Innovation Real Estate Specialists Inc. License #MISPE-6502370130 Listed on: 05/01/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1954

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Home fronts a canal

Parking

  • 2 Car Parking Spaces

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 944 Sq Ft Home
  • Ceiling Fan
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Access To Lake
  • Seawall
  • Deck
  • Porch

Location

  • Flood Insurance May Be Required

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 14-496-0052-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,037

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Flood Insurance: Required
  • Flood Plain: Unknown
  • Total Tax Amount: 1037
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bedroom 1: On Entry Level
  • Bedroom 2: On Entry Level
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Kitchen: On Entry Level
  • Kitchen Features: Eat-In Kitchen
  • Living Room: On Entry Level
  • Sitting Room: On Entry Level
  • Above Grade Finished Sq Ft: 944
  • Total Finished Sq Ft: 944

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Foundation: Crawl
  • Frontage: 40
  • Road: Gravel, Paved Street
  • Water Features: All Sports Lake, Canal Frontage, Dock/Pier Facility, Lake/River Access, Sea Wall, Water View
  • Waterfront: Yes

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Heating: Baseboard, Hot Water
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s)

Lot Info

  • Assessor Parcel Number: 14-496-0052-000
  • Zoning: Residential
  • Lot Dimensions: 40x100
  • Acreage: 0.09
  • Geo Subdivision: MI

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Summer Tax: Year: 2016, Amount: $539.00
  • Winter Tax: Year: 2016, Amount: $498.00
  • Taxable Value: 28559
  • Total Tax: Amount: $1,037.00
  • SEV Year: 2016

MLS Schools

  • School District: Algonac Community School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Jun 28, 2017
Sold by
Amey Gayle
Bought by
Somers Karen L
Seller's Agent
Melanie Lovati
Innovation Real Estate Specialists Inc.
Buyer's Agent
Melanie Lovati
Innovation Real Estate Specialists Inc.
List Price
$139,900
Sold Price
$126,000
Premium/Discount to List
-$13,900
-9.94%
Current Estimated Value
$208,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,484
Avg. Annual Appreciation
6.50%
Original Mortgage
$119,700
Outstanding Balance
$100,279
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$110,234
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Somers Karen L $126,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somers Karen L $119,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2017 06/15/17 Sold $126,000 -9.9% $133 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $139,900 -- $148 / 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 $801 $80,300 $0 $0
2024 $801 $76,200 $0 $0
2023 $772 $67,600 $0 $0
2022 $1,415 $63,500 $0 $0
2021 $1,345 $60,500 $0 $0
2020 $1,332 $54,100 $54,100 $0
2019 $1,314 $52,100 $0 $0
2018 $1,293 $33,600 $0 $0
2017 $1,040 $33,500 $0 $0
2016 $539 $33,500 $0 $0
2015 -- $31,500 $31,500 $0
2014 -- $29,600 $29,600 $0
2013 -- $29,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31318564

Michigan Multiple Listing Service

APN: 14-496-0052-000