NOT LISTED FOR SALE

81500 Cole St Memphis, MI 48041

Estimated Value: $319,000 - $360,000

5 Beds
2 Baths
2,800 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $325,000 $116 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,275/month

97 Days on Market

Highlights

  • 3.16 Acre Lot
  • Ranch Style House
  • Cul-De-Sac
  • Memphis Elementary School Rated 9+
  • 2.5 Car Detached Garage
  • Fireplace in Basement

About This Home

As of November 2023

Location of a lifetime! This 2,800 sq. ft. sprawling ranch sits at the end of a quiet cul-de-sac on 3.1 private acres overlooking an oak studded ravine. Situated on a dead-end road, this property has all the privacy of the country but with city services and available high-speed internet. The home is within walking distance to stores, schools, parks and the Belle River which is visible from the property. This gracious home has 13 rooms including 5 bedrooms, 2 full bathrooms, a formal living room and foyer, dining room, kitchen, office, first floor laundry, and a 20x24 great room perfect for large gatherings and entertaining. There is a partial basement with a sandstone fireplace, a detached two car garage with a separate work area and a 16x32 loft above the garage for storage, additional work space, or a future recreation room. If that weren’t enough, the property has a 1.4-acre additional lot the price reflects the two parcels totaling 3.1 acres. Bring your imagination and come see the endless possibilities this charming home has to offer.

Last Agent to Sell the Property

Jason Sopha

KW Platinum License #MISPE-6501399838 Listed on: 08/10/2023

KW Platinum

Last Buyer's Agent

Jason Sopha

KW Platinum License #MISPE-6501399838 Listed on: 08/10/2023

KW Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1966

Lot Details

  • 3.16 Acre Lot
  • 224 Ft Wide Lot
  • Cul-De-Sac
  • Rural Setting
  • Irregular Lot

Parking

  • 2.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Basement
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Assessors Of Memphis Subdivision
  • Property is near a ravine

Listing and Financial Details

  • Assessor Parcel Number 04-093-0003-001 & 010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,617

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type: Residential
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 2617
  • Year Built: 1966
  • Mail City: Memphis
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplaces: Basement Fireplace
  • Basement: Yes
  • Bedrooms: 5
  • Bedroom 1: Dimensions: 13 x 14
  • Bedroom 2: Dimensions: 13 x 11
  • Bedroom 3: Dimensions: 14 x 11
  • Bedroom 4: Dimensions: 11 x 13
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Dining Room: Dimensions: 14 x 12
  • Family Room: Dimensions: 19 x 24
  • Kitchen: Dimensions: 14 x 13
  • Living Room: Dimensions: 17 x 12
  • Below Grade Sq Ft: 1255
  • Above Grade Finished Sq Ft: 2800
  • Total Finished Sq Ft: 2800

Exterior Features

  • Exterior: Vinyl Siding, Wood
  • Foundation: Basement
  • Frontage: 224
  • Road: Paved Street
  • Out Buildings: Garage(s)
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2.5
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 04-093-0003-001 & 010
  • Lot Dimensions: 398x388 Irregular
  • Acreage: 3.16
  • Geo Subdivision: MI
  • Site/Lot Features: Cul-De-Sac, Rural, Irregular, Ravine

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,080.00
  • Winter Tax: Year: 2022, Amount: $537.00
  • Total Tax: Amount: $2,617.00

MLS Schools

  • School District: Memphis Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Jan 2, 2024
Sold by
Marnon Kevin Edward and Marnon Paul Thomas
Bought by
Carnecki Joseph and Carnecki Whitney
Seller's Agent
Jason Sopha
KW Platinum
Buyer's Agent
Jason Sopha
KW Platinum
List Price
$395,000
Sold Price
$325,000
Premium/Discount to List
-$70,000
-17.72%
Views
1219
Current Estimated Value
$334,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,917
Avg. Annual Appreciation
1.33%
Original Mortgage
$243,750
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2023
Sold by
Marnon Mark D
Bought by
Marnon Kevin Edward and Marnon Paul Thomas

Purchase Details

Closed on
May 21, 2010
Sold by
Marnon Edward T
Bought by
City Of Memphis
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
Carnecki Joseph $325,000 Transnation Title
Marnon Kevin Edward -- --
City Of Memphis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carnecki Joseph $253,500
Closed Carnecki Joseph $243,750
Previous Owner Marnon Edward T $20,000
Previous Owner Marnon Edward T $131,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $325,000 0.0% $116 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/17/2023 11/17/23 Price Changed $325,000 -9.7% $116 / Sq Ft
08/19/2023 08/19/23 Price Changed $360,000 -8.9% $129 / Sq Ft
08/11/2023 08/11/23 For Sale $395,000 -- $141 / 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 $5,442 $162,500 $0 $0
2024 $5,442 $153,800 $0 $0
2023 $2,181 $141,800 $0 $0
2022 $2,618 $113,400 $0 $0
2021 $2,318 $101,200 $0 $0
2020 $2,318 $112,100 $112,100 $0
2019 $2,275 $92,100 $0 $0
2018 $2,245 $86,400 $0 $0
2017 $2,212 $80,300 $0 $0
2016 $1,447 $80,300 $0 $0
2015 -- $74,000 $74,000 $0
2014 -- $76,800 $76,800 $0
2013 -- $85,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50118455

Michigan Multiple Listing Service

APN: 04-093-0003-001