NOT LISTED FOR SALE

87 Schrum Dr Whitmore Lake, MI 48189

Estimated Value: $338,000 - $421,000

3 Beds
2.5 Baths
2,361 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $290,000 $123 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,175/month

95 Days on Market

Highlights

  • Water Views
  • Ground Level Unit
  • 2.5 Car Attached Garage
  • Lake Privileges
  • Porch
  • Shed

About This Home

As of November 2022

Here’s your opportunity to own a home with a view of beautiful all-sports Horseshoe Lake and includes lake privileges. This tri-level features a huge porch, hardwood floors, a large kitchen and dining area, and a separate master bedroom suite. The family room has a view of the the patio and large back yard with a shed. The upper level includes 2 bedrooms, with a potential 2nd master. The lower level could be configured as a 4th bedroom or an in-law suite with minor modifications. And the large 2-1/2 car garage is partially insulated. New furnaces (2022), water heater (2022). Centrally located between Ann Arbor and Brighton, with easy access to US-23. All dimensions approximate, a licensed agent must be present for all showings.

Last Agent to Sell the Property

James Littlepage

Century 21 Curran & Oberski License #6501348494 Listed on: 07/16/2022

Century 21 Curran & Oberski

Last Buyer's Agent

Philip Chau

Remerica Hometown One License #RCO-6500140203

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1982

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 83.00 x 150.00

HOA Fees

  • $14 Monthly HOA Fees

Parking

  • 2.5 Car Attached Garage

Home Design

  • Split Level Home
  • Tri-Level Property
  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2,361 Sq Ft Home
  • Ceiling Fan
  • Water Views

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Exterior Lighting
  • Shed
  • Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number B00208355010
  • $10,000 Seller Concession

Community Details

Overview

  • Https://Www.Hlcneighborhood.Com/Home Association
  • Schrums Horseshoe Lake Sub Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,238

Year Built

Built in 1982

Lot Details

0

HOA Fees

$14 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Split Level
  • Architecture Level: Tri-Level
  • Assessment: 16.00
  • Year Built: 1982
  • State Equalized Value: 150800.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 12
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 2361
  • Total Sq Ft: 2361

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Horseshoe Lake
  • Foundation Details: Slab
  • Construction Materials: Wood
  • Exterior Features: Lighting
  • Foundation Materials: Block, Poured
  • Frontage Feet: 83
  • Porch Type: Porch
  • Road Frontage Type: Gravel
  • Waterfront Description: Lake Privileges

Garage/Parking

  • Garage Size: 2 Car, 2.5 Car
  • Garage Features: Electricity, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: horseshoelakecorp@yahoo.com
  • Association Fee: 169
  • Association Contact: https://www.hlcneighborhood.com/home
  • Association Fee: Yes

Schools

  • School District: Whitmore Lake

Lot Info

  • Homestead: Yes
  • Lot Features: Water View
  • Lot Size Area: 0.24
  • Lot Dimensions: 83.00 x 150.00
  • Parcel Number: B00208355010

Tax Info

  • Tax Amount Summer: 811.0000
  • Tax Amount Winter: 2427.0000
  • Total Tax: 3238.0000
  • Taxable Value: 79879.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Whitmore Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2022
Closed on
Nov 18, 2022
Sold by
Otto Susan M and Otto Walter C
Bought by
Nelson Paul M
Seller's Agent
James Littlepage
Century 21 Curran & Oberski
Buyer's Agent
Philip Chau
Remerica Hometown One
List Price
$320,000
Sold Price
$290,000
Premium/Discount to List
-$30,000
-9.38%
Views
14
Current Estimated Value
$366,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,980
Avg. Annual Appreciation
8.36%
Original Mortgage
$265,567
Outstanding Balance
$258,125
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$102,389
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
Nelson Paul M $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Paul M $265,567
Previous Owner Otto Walter C $107,800
Previous Owner Otto Walter $30,000
Previous Owner Otto Walter C $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $290,000 -9.4% $123 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $320,000 +10.3% $136 / Sq Ft
08/03/2022 08/03/22 Off Market $290,000 -- --
08/03/2022 08/03/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $330,000 -- $140 / Sq Ft
Source: Realcomp

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 $1,621 $187,600 $0 $0
2024 $1,717 $164,200 $0 $0
2023 $1,758 $168,200 $0 $0
2022 $3,307 $150,800 $0 $0
2021 $3,238 $142,200 $0 $0
2020 $3,209 $134,700 $0 $0
2019 $3,129 $116,500 $116,500 $0
2018 $3,427 $110,500 $0 $0
2017 $2,990 $109,300 $0 $0
2016 $754 $70,945 $0 $0
2015 -- $70,733 $0 $0
2014 -- $68,530 $0 $0
2013 -- $68,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221016269

Realcomp

APN: 02-08-355-010