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525 Park Street

525 Park Street, Wayland, MI 49348
Property in Wayland
Sold Oct 06, 2014
$85,000
$86,734 by Fifth Third Mortgage Michigan
Mortgage Due Oct 01, 2044
Sold Sep 17, 2007
$88,571
525 Park Street has been categorized by the local assessors in Wayland, MI as a residential type of property. The building on the property was first built in 1942 and is 82 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 525 Park Street has 1,054 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,980 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 19,689 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a forced air unit. The property was last sold in Sep 29, 2014 for $85,000. That's $80.65 per sqft. Prior to that sales transaction, the property was also sold in Sep 6, 2007 for $88,571. 525 Park Street was last assessed in 2022. The total value of the property was assessed at $67,000. Specifically, the land the property is located on was valued at $15,000. While improvements on the property were assessed at a total of $52,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,980. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 100
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 19,689
  • Lot Size Depth Feet: 2,980
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,054
  • Building Area: 1,054
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,054
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OWASCO PARK
  • Land Acres: 0.452
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 66' LOT 48 OWASCO PARK SEC 6 T3N R11W.

Ownership

  • Current Owner : LAFOUNTAINE BRITTANY R
  • Previous Owner : DEKONING CODY THOMAS
  • Previous Owner 2: DEKONING LILLIAN R
  • Owner Before Previous Owner: BRILES KENNETH M
  • Owner Before Previous Owner 2: BRILES IRENE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayland Union Schools
  • School Tax School District: WAYLAND
  • Census Tract: 030500

Zoning

  • Zoning: R-2

Geography

  • District: 56
  • Parcel: 56-550-048-00
  • Lot: 48
  • Meridian: SEC 06 TWN 03N RNG 11W
  • Municipality: WAYLAND CITY
  • Latitude: 42.6805
  • Longitude: -85.6475

    Address

  • Full Address: 525 Park St
  • Address - House Number: 525
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MI
  • City Name: Wayland
  • Carrier Code: C001
  • 4-Digit Zip Code: 1558
  • Zip Code: 49348

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $1,980

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 64
  • Final Value: 121,469
  • High Value: 142,754
  • Low Value: 100,183

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $86,734
  • First Open Lien Mortgage Lender: FIFTH THIRD MORTGAGE MICHIGAN
  • First Open Lien Mortgage Recording Date: Oct 06, 2014
  • First Open Lien Mortgage Loan Amount: $86,734
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2044

    Market Valuation

  • Market Total Value: $134,000
  • Market Land Value: $30,000
  • Market Improvement Value: $104,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,000
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $52,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2014
  • Current Sale Recording Date: Oct 06, 2014
  • Current Sale Transaction ID: 1184389803
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 17, 2007
  • Previous Sale Contract Date: Sep 06, 2007
  • Previous Sale Amount: $88,571
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD MORTGAGE MICHIGAN
  • First Mortgage Transaction Date: Oct 06, 2014
  • First Mortgage Loan Amount: $86,734
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2044

About Wayland



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Frequently Asked Questions

What neighborhood is 525 Park Street located in?
The 525 Park Street is a located in the neighborhood of Wayland in Wayland, Wayland.
What is the average sales price for listings in 525 Park Street?
The average sales price for units in 525 Park Street is $0 currently.

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