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24261 Bay Laurel Lane

24261 Bay Laurel Lane, South Lyon, MI 48178
Property in Lyon
Sold Sep 28, 2021
$581,840
$209,370 by M/i Financial Llc
Mortgage Due Oct 01, 2051
24261 Bay Laurel Lane in South Lyon, MI was first built in 2021 and is 3 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 24261 Bay Laurel Lane has 2,506 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 10,019 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 24261 Bay Laurel Lane sold most recently in Sep 21, 2021 for a total of $581,840. If you work out the math, that's approximately a cost of $232.18 per sqft. 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 $7,743 in taxes each year. The initial year of tax delinquency occurred in 2020. 24261 Bay Laurel Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $258,760. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2021
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,506
  • Building Area: 2,506
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,506
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKLAND COUNTY CONDOMINIUM
  • Land Acres: 0.23
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: T1N, R7E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 2255 OAK RIDGE LANDINGS UNIT 23 L 52328 P 182 1-3-19 FR 400-008

Ownership

  • Current Owner : CORCORAN MARK
  • Current Owner 2: CORCORAN KAREN
  • Previous Owner : M I HOMES OF MICHIGAN LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Life Estate

Neighborhood

  • School District Name: South Lyon Community Schools
  • School Tax School District: 63240
  • Census Tract: 138600

Geography

  • District: K
  • Parcel: K -21-23-402-023
  • Municipality: LYON TWP
  • Latitude: 42.4652
  • Longitude: -83.5765

    Address

  • Full Address: 24261 Bay Laurel Ln
  • Address - House Number: 24261
  • Address - Street Name: Bay Laurel
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: South Lyon
  • Carrier Code: R018
  • 4-Digit Zip Code: 8378
  • Zip Code: 48178

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,743
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 585,202
  • High Value: 691,460
  • Low Value: 478,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $209,370
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Sep 28, 2021
  • First Open Lien Mortgage Loan Amount: $209,370
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $517,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,760

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 28, 2021
  • Current Sale Transaction ID: 11859097390
  • Current Sale Price: $581,840
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 231990

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Sep 28, 2021
  • First Mortgage Loan Amount: $209,370
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Oakland



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Frequently Asked Questions

What neighborhood is 24261 Bay Laurel Lane located in?
The 24261 Bay Laurel Lane is a located in the neighborhood of Lyon in Oakland, South Lyon.
What is the average sales price for listings in 24261 Bay Laurel Lane?
The average sales price for units in 24261 Bay Laurel Lane is $0 currently.

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