NOT LISTED FOR SALE

7992 S Ainger Rd Olivet, MI 49076

Estimated Value: $261,000 - $436,000

5 Beds
6 Baths
5,496 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $170,000 $31 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,803/month

209 Days on Market

Highlights

  • Water Access
  • Wood Burning Stove
  • Porch
  • Deck
  • Family Room with Fireplace
  • 2 Car Attached Garage

About This Home

As of September 2020

This unique home has a total of 5 bedrooms, 5 baths with over 3300 sq. ft. of living space! It is 2 homes connected so you can live in one and use the other for income! Home is located just outside the Olivet city limits in Walton township on 1.21 acres! This home was once used as a bed and breakfast! It is a must see and owner will entertain a land contract!

Last Agent to Sell the Property

Rich Mattea

Spaul-Ding Associates License #6501118771 Listed on: 01/01/2020

Co-Listed By

Benny Hart

Spaul-Ding Associates License #6501142007

Last Buyer's Agent

Rich Mattea

Spaul-Ding Associates License #6501118771 Listed on: 01/01/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1964

Lot Details

  • 1.21 Acre Lot
  • Shrub
  • Lot Has A Rolling Slope

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Stove
  • Window Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Storm Windows
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Stove
  • Kitchen Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Outdoor Features

  • Water Access
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Water Softener is Owned
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,072

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 2
  • Year Built: 1964
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: irregular. L-Shaped
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 5496.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Lot Description:Rolling Hills: Yes
  • Utilities Attached:Telephone Line: Yes
  • Additional Items:GasWood Stove: Yes
  • Windows:Storms: Yes
  • Water Heater:Electric3: Yes
  • General Property Info:SqFt Above Grade: 3399.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Water Softener Owned
  • Interior Amenities: Gas/Wood Stove, Kitchen Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Family Room, Living Room
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 5
  • Main Level Bedrooms: 2
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • LivingArea: 5496.0
  • Window Features: Storms, Screens
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 2097.0
  • Basement Rooms:Total Basement SQFT: 2097.0
  • Kitchen Features:Eating Area: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Living: Yes
  • Kitchen Features:Snack Bar: Yes
  • Fireplace:Family: Yes
  • Appliances:Water Softener-Owned: Yes
  • Below Grade Sq Ft: 2097.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 189900.0
  • Lot Features: Sidewalk, Rolling Hills
  • Patio and Porch Features: Deck, Porch(es)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront Features: Stream/Creek
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, Storm Sewer, Broadband
  • Water Source: Public

Association/Amenities

  • Water Fea Amenities:All Sports: Yes

Lot Info

  • Lot Size Acres: 1.21
  • Lot Size Area: 1.21
  • Lot Dimensions: irregular. L-Shaped
  • Lot Size Sq Ft: 52708.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2020
Closed on
Sep 3, 2020
Sold by
Ackerman James W and Ackerman Jean
Bought by
Olivet Holdings Llc
Seller's Agent
Rich Mattea
Spaul-Ding Associates
Buyer's Agent
Rich Mattea
Spaul-Ding Associates
List Price
$229,000
Sold Price
$170,000
Premium/Discount to List
-$59,000
-25.76%
Current Estimated Value
$253,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,207
Avg. Annual Appreciation
8.70%
Original Mortgage
$127,500
Outstanding Balance
$113,660
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$143,221
Source: Public Records

Range of Values:

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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
Olivet Holdings Llc $170,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olivet Holdings Llc $127,500
Previous Owner Ackerman James W $124,470
Previous Owner Ackerman James $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $170,000 -25.8% $31 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $229,000 -- $42 / 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 $5,072 $134,409 $0 $0
2024 $1,096 $121,609 $0 $0
2023 $1,044 $106,086 $0 $0
2022 $4,653 $157,272 $0 $0
2021 $6,695 $127,608 $0 $0
2020 $10 $0 $0 $0
2019 $7 $121,582 $0 $0
2018 $7 $0 $0 $0
2017 $10 $125,241 $0 $0
2016 -- $117,625 $0 $0
2015 -- $116,635 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20000017

Southwestern Michigan Association of REALTORS®

APN: 140-020-300-127-01