NOT LISTED FOR SALE

850 S Payne Lake Rd Wayland, MI 49348

Estimated Value: $403,000 - $472,000

3 Beds
2 Baths
1,389 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $250,000 $180 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,767/month

80 Days on Market

Highlights

  • Under Construction
  • 1.1 Acre Lot
  • Wooded Lot
  • Lee Elementary School Rated A-
  • Recreation Room
  • 2 Car Attached Garage

About This Home

As of March 2019

Beautifully crafted home nestled in the woods, perfect for entertaining your holiday guests. Just around the corner from Payne Lake and restaurants, this house is ideal for the nature enthusiast who wants to live close to amenities. The entire home features highly-detailed trim work and custom built cabinets. The open floor plan offers an amazing entertaining environment, ideal for hosting holiday parties!

The garage has the ability to be heated, allowing you to step in to a warm car in the winter. The basement is build to suit, allowing you the ability to have more bedrooms or entertainment space - at your discretion.

The entire home is energy efficient, with spray foam insulation and low-E windows, and an insulated garage door.

This is the perfect home for your family!

Last Agent to Sell the Property

Karen Hager

Five Star Real Estate (Main) License #6501412483 Listed on: 11/11/2018

Last Buyer's Agent

Karen Hager

Five Star Real Estate (Main) License #6501412483 Listed on: 11/11/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 140x343
  • Wooded Lot
  • Property is zoned Res Impr, Res Impr

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,389 Sq Ft Home
  • 1-Story Property
  • Low Emissivity Windows
  • Living Room
  • Dining Area
  • Recreation Room
  • Ceramic Tile Flooring
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • High Speed Internet
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$810

Year Built

Built in 2018 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: Yes
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 2018
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: Yes
  • General Property Info:Lot Dimensions: 140x343
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1389.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 810.29
  • Tax Info:Zoning3: Res Impr
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Util Avail at Street:Broadband: Yes
  • General Property Info:Construction Status: Under Construction
  • Util Avail at Street:Cable2: Yes
  • Windows:Low Emissivity Windows: Yes
  • General Property Info:Fireplace: No
  • Appliances Microwave: Yes
  • General Property Info:SqFt Above Grade: 1389.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Flooring: Ceramic Tile
  • Interior Amenities: Broadband, Garage Door Opener, Center Island
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1389.0
  • Window Features: Low-Emissivity Windows
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 1389.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 255000.0
  • Lot Features: Wooded
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.1
  • Lot Size Area: 1.1
  • Lot Dimensions: 140x343
  • Lot Size Sq Ft: 47916.0
  • Zoning Description: Res Impr
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 810.29
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2021
Sold by
Erdman David and Erdman Vicki
Bought by
Zellmer Becky J
Current Estimated Value
$430,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,876
Outstanding Balance
$275,889
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$165,547

Purchase Details

Listed on
Nov 11, 2018
Closed on
Mar 29, 2019
Sold by
Minch Kevin James and Minch Mary Jennifer
Bought by
Erdman David and Erdman Vicki
Seller's Agent
Karen Hager
Five Star Real Estate (Main)
Buyer's Agent
Karen Hager
Five Star Real Estate (Main)
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$225,000
Interest Rate
4.3%

Purchase Details

Closed on
Nov 21, 2018
Sold by
Minch Kevin James
Bought by
Minch Kevin and Minch Jennifer

Purchase Details

Closed on
Jun 26, 2017
Sold by
Boulder Ridge Assoc Llc
Bought by
Minch Kevin James

Purchase Details

Closed on
Jan 8, 2002
Bought by
Boulder Ridge Association Llc
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
Zellmer Becky J $312,300 Star Title Agency Llc
Erdman David $250,000 Bell Title Agency
Minch Kevin -- None Available
Minch Kevin James $30,000 Attorney
Boulder Ridge Association Llc $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zellmer Becky J $301,876
Previous Owner Erdman David $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $250,000 -9.1% $180 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
11/11/2018 11/11/18 For Sale $275,000 -- $198 / 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 $4,688 $156,900 $0 $0
2024 $4,688 $181,200 $0 $0
2023 $3,796 $137,600 $0 $0
2022 $3,796 $137,600 $0 $0
2021 $3,796 $123,500 $0 $0
2020 $3,475 $114,700 $0 $0
2019 $3,475 $108,400 $0 $0
2018 $675 $13,300 $13,300 $0
2017 $675 $13,300 $0 $0
2016 -- $13,300 $0 $0
2015 -- $13,300 $0 $0
2014 -- $13,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18054737

Southwestern Michigan Association of REALTORS®

APN: 16-018-004-02