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1340 Gregory Avenue

1340 Gregory Avenue, Lincoln Park, MI 48146
Property in Lincoln Park
Sold Dec 02, 2016
$52,000
$51,058 by Michigan First Mortgage Inc
Mortgage Due Dec 01, 2046
Sold Aug 18, 2010
$10,000
Local assessors in Lincoln Park, MI have categorized 1340 Gregory Avenue as a residential type of property. The home was built in 1949 and is 75 years old. The property's lot size has been calculated to be 6,970 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 700 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1340 Gregory Avenue has a total of 684 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 308 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C-. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1340 Gregory Avenue sold most recently in Nov 18, 2016 for a total of $52,000. If you work out the math, that's approximately a cost of $76.02 per sqft. Before that, the property was also sold for $10,000 in Jul 20, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,182 in taxes each year. 1340 Gregory Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $61,400. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C-
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 672
  • Garage Type: Garage
  • Garage Square Area: 308
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 684
  • Building Area: 684
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 684
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GARFIELD PARK SUB
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MB873B 874 875 W 10 FT OF LOT 873 ALSO LOTS 874 AND 875 GARFIELD PARK SUB PC 48 L36 P96 WCR

Ownership

  • Current Owner : FREEMAN DENISE
  • Previous Owner : FUSON LINDA M
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Park Public Schools
  • School Tax School District: LINCOLN PARK
  • Census Tract: 577800

Geography

  • District: 45
  • Section: 02
  • Parcel: 45 016 02 0873 002
  • Lot: 873-875
  • Municipality: LINCOLN PARK CITY
  • Latitude: 42.2354
  • Longitude: -83.1818

    Address

  • Full Address: 1340 Gregory Ave
  • Address - House Number: 1340
  • Address - Street Name: Gregory
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Lincoln Park
  • Carrier Code: C029
  • 4-Digit Zip Code: 3320
  • Zip Code: 48146

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,182
  • Tax Rate Code Area: 82090

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 61,701
  • High Value: 89,869
  • Low Value: 33,532

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $51,058
  • First Open Lien Mortgage Lender: MICHIGAN FIRST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Dec 02, 2016
  • First Open Lien Mortgage Loan Amount: $51,058
  • 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: Dec 01, 2046

    Market Valuation

  • Market Total Value: $122,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2016
  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Transaction ID: 1931902401
  • Current Sale Price: $52,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016405669
  • Previous Sale Recording Date: Aug 18, 2010
  • Previous Sale Contract Date: Jul 20, 2010
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: MICHIGAN FIRST MORTGAGE INC
  • First Mortgage Transaction Date: Dec 02, 2016
  • First Mortgage Loan Amount: $51,058
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2046

About Lincoln Park



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Frequently Asked Questions

What neighborhood is 1340 Gregory Avenue located in?
The 1340 Gregory Avenue is a located in the neighborhood of Lincoln Park in Lincoln Park, Lincoln Park.
What is the average sales price for listings in 1340 Gregory Avenue?
The average sales price for units in 1340 Gregory Avenue is $0 currently.

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