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316 Franklin Street

316 Franklin Street, Grand Ledge, MI 48837
Property in Grand Ledge
Sold Feb 15, 2017
$134,000
$127,300 by Amerifirst Financial Corp
Mortgage Due Mar 01, 2047
Sold Jun 27, 2006
$120,069
$118,247 by Flagstar Bank Fsb
Mortgage Due Jul 01, 2036
Local assessors in Grand Ledge, MI have categorized 316 Franklin Street as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 12,632 square feet. The linear feet between the front and back of the lot was measured at 740 ft and the front of the lot was measured at 960 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. If we look only at the heated or air conditioned part of the building, then 316 Franklin Street has a total of 1,652 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 288 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Feb 10, 2017 for $134,000. That's $81.11 per sqft. Prior to that sales transaction, the property was also sold in Jun 3, 2006 for $120,069. 316 Franklin Street was last assessed in 2023. The total value of the property was assessed at $82,300. 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 $2,174. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Cape Cod
  • Basement Type: Unspecified basement
  • Basement Area: 849
  • Garage Type: Garage
  • Garage Square Area: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 740
  • Lot Size Frontage Feet: 960
  • Total Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,652
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORIGINAL PLAT OF THE CITY OF GRAND LEDGE
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SW 4 RODS OF LOT 1. NE 30 FEET OF LOT 10. & NW 8 FEET OF VACATED PORTION OF FRANKLIN ST. ADJOINING THERETO O.P. CITY OF GRAND

Ownership

  • Current Owner : SCHAFER NATHAN
  • Current Owner 2: SCHAFER COURTNEY
  • Previous Owner : GARRISON CANA G
  • Owner Before Previous Owner: AEGIS MORTGAGE CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grand Ledge Public Schools
  • School Tax School District: 23060
  • Census Tract: 020403

Zoning

  • Zoning: R-MD

Geography

  • District: 400
  • Parcel: 400 000 646 020 00
  • Block: 46
  • Lot: 1,10
  • Municipality: GRAND LEDGE CITY
  • Latitude: 42.7491
  • Longitude: -84.7422

    Address

  • Full Address: 316 Franklin St
  • Address - House Number: 316
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MI
  • City Name: Grand Ledge
  • Carrier Code: C006
  • 4-Digit Zip Code: 1945
  • Zip Code: 48837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,174

    Appraisal Valuation

  • Standard Deviation: 0.0925
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 91
  • Final Value: 241,568
  • High Value: 263,924
  • Low Value: 219,211

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $167,300
  • First Open Lien Mortgage Lender: AMERIFIRST FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Feb 15, 2017
  • First Open Lien Mortgage Loan Amount: $127,300
  • 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: Mar 01, 2047
  • Second Open Lien Mortgage Lender: MICHIGAN STATE UNIVERSITY FEDE
  • Second Open Lien Mortgage Recording Date: Jan 31, 2022
  • Second Open Lien Mortgage Loan Amount: $40,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $164,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 10, 2017
  • Current Sale Recording Date: Feb 15, 2017
  • Current Sale Transaction ID: 1806257861
  • Current Sale Price: $134,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 27, 2006
  • Previous Sale Contract Date: Jun 03, 2006
  • Previous Sale Amount: $120,069
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: AMERIFIRST FINANCIAL CORP
  • First Mortgage Transaction Date: Feb 15, 2017
  • First Mortgage Loan Amount: $127,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Jun 27, 2006
  • Previous Mortgage Loan Amount: $118,247
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Grand Ledge



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Frequently Asked Questions

What neighborhood is 316 Franklin Street located in?
The 316 Franklin Street is a located in the neighborhood of Grand Ledge in Grand Ledge, Grand Ledge.
What is the average sales price for listings in 316 Franklin Street?
The average sales price for units in 316 Franklin Street is $0 currently.

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