NOT LISTED FOR SALE

Estimated Value: $671,183

3 Beds
2 Baths
1,536 Sq Ft
$437/Sq Ft Est. Value

Last Sold May 30, 2017

Last sale price $388,500 $253 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,421/month

136 Days on Market

Highlights

  • Lake Front
  • 1.89 Acre Lot
  • Brick or Stone Mason
  • Private Beach
  • Main Floor Primary Bedroom
  • 3-minute walk to Lake Point Park

About This Home

As of May 2017

Charming 3 bedroom, 2 bath Lake front home is attached to 11 room two story active motel. Enjoy sun rises, Lake views, live on the Lake, and have a great business; how much better can life be! Spacious living room is center of this home, with efficient L'' shaped kitchen and adjoining dinette overlooking the Lake. Licensed motel has six ground level rooms, and five second level suites located on 1.89 acres; Lake Erie on the east, and private quarry on the west. Walk the beach for shells, walk the lane to the natural quarry setting. Home and motel have been well maintained. This property is a must to see.

Last Listed By

Len Partin

Century 21 Bolte Real Estate License #185349 Listed on: 12/12/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,464

Year Built

  • 1930

Lot Details

  • 1.89 Acre Lot
  • Lake Front
  • Private Beach

Home Design

  • Brick or Stone Mason
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Lake Views
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 0150189902417000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,464

Year Built

1930

Lot Details

0

Listing Details

  • PropertySubType: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 1.89
  • View Type:Pond View: Lake
  • Co List Office Mls Id: F11302
  • MLS Status: Sold
  • Directions: Located east point of Danbury Township, SE of Marblehead Lighthouse, overlooking Cedar Point.
  • Carport Y N: No
  • Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Living Area: 1536
  • Property Attached Yn: No
  • Roof: Asphalt
  • Year Built Details: Unknown
  • Tax Year: 2015
  • Kitchen Level: Main
  • Special Features: 76
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built (Public Record): 1930

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Dining Room Features: Combo
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 132
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 198
  • Room Bedroom3 Level: Second
  • Master Bedroom Master Bedroom Width: 11.6
  • Room Bedroom2 Level: Second
  • Room Living Room Area: 253
  • Room Kitchen Area: 99
  • Room Master Bedroom Area: 146.16

Exterior Features

  • View: Yes
  • Waterfront Features: Lake, Lake Erie, Beach Owned
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Off Street, Paved

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Danbury

Lot Info

  • Lot Size Sq Ft: 82328.4
  • ResoLotSizeUnits: Acres
  • Parcel Number: 0150189902417000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8464.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2016
Closed on
May 30, 2017
Sold by
Bk S Lakepoint Llc
Bought by
Lakepoint Motel Llc
Seller's Agent
Len Partin
Century 21 Bolte Real Estate
Buyer's Agent
Len Partin
Century 21 Bolte Real Estate
List Price
$785,000
Sold Price
$388,500
Premium/Discount to List
-$396,500
-50.51%
Total Days on Market
136
Current Estimated Value
$671,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,683
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
May 7, 2007
Sold by
Leneghan John and Leneghan Mary Ann
Bought by
Bks Lakepoint Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
6.2%
Mortgage Type
Commercial

Range of Values:

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Average Value
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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
Lakepoint Motel Llc $373,350 Hartung Title
Bks Lakepoint Llc $799,900 Hartung Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakepoint Motel Llc $325,000
Previous Owner Bks Lakepoint Llc $668,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2017 05/30/17 Sold $388,500 -50.5% $253 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $785,000 -- $511 / Sq Ft
Source: Firelands 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
2024 $8,400 $212,304 $146,822 $65,482
2023 $8,400 $144,873 $91,571 $53,302
2022 $5,866 $144,873 $91,571 $53,302
2021 $5,880 $144,870 $91,570 $53,300
2020 $5,219 $129,500 $106,820 $22,680
2019 $5,066 $129,500 $106,820 $22,680
2018 $5,070 $129,500 $106,820 $22,680
2017 $8,198 $209,940 $106,820 $103,120
2016 $8,096 $209,940 $106,820 $103,120
2015 $8,183 $209,940 $106,820 $103,120
2014 $4,070 $209,940 $106,820 $103,120
2013 $7,636 $209,940 $106,820 $103,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Firelands Association of REALTORS®

MLS Number: 20166448

APN: 015-0189902417000