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3220 Rhode Island Drive

3220 Rhode Island Drive, Troy, MI 48083
Property in Troy
Sold Jul 09, 2021
$450,000
$360,000 by Quicken Loans Llc
Mortgage Due Jul 01, 2036
Sold Dec 30, 2003
$325,000
3220 Rhode Island Drive has been categorized by the local assessors in Troy, MI as a residential type of property. The building on the property was first built in 2000 and is 24 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3220 Rhode Island Drive has 2,370 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 1,000 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 441 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a covered porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Jun 30, 2021 for $450,000. That's $189.87 per sqft. Prior to that sales transaction, the property was also sold in Sep 30, 2003 for $325,000. 3220 Rhode Island Drive was last assessed in 2022. The total value of the property was assessed at $206,450. 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 $7,161. 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. 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: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Brick
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,292
  • Garage Type: Garage
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,370
  • Building Area: 2,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,370
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BIG BEAVER POULTRY FARMS
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T2N, R11E, SEC 24 BIG BEAVER POULTRY FARMS PART OF N 1/2 OF LOT 64 BEG AT PTDIST S 00-19-15 W 75 FT FROM NE LOT COR, TH S

Ownership

  • Current Owner : NARASIMHAN JAYARAM
  • Current Owner 2: JAYARAM PRIYA
  • Previous Owner : DESAI MANOJ
  • Previous Owner 2: DESAI NEETA M
  • Owner Before Previous Owner: THE EDISON BUILDING CO LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Troy School District
  • School Tax School District: 260
  • Census Tract: 198000

Zoning

  • Zoning: R1E

Geography

  • District: 88
  • Section: 24
  • Parcel: 88-20-24-376-023
  • Lot: 64
  • Meridian: SEC 24 TWN 2N RNG 11E
  • Municipality: TROY CITY
  • Latitude: 42.567
  • Longitude: -83.1031

    Address

  • Full Address: 3220 Rhode Island Dr
  • Address - House Number: 3220
  • Address - Street Name: Rhode Island
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Troy
  • Carrier Code: C012
  • 4-Digit Zip Code: 5600
  • Zip Code: 48083

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,161

    Appraisal Valuation

  • Standard Deviation: 0.163
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 79
  • Final Value: 516,288
  • High Value: 600,463
  • Low Value: 432,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 09, 2021
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2036

    Market Valuation

  • Market Total Value: $412,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $206,450

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Transaction ID: 11843885278
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 171544
  • Previous Sale Recording Date: Dec 30, 2003
  • Previous Sale Contract Date: Sep 30, 2003
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Jul 09, 2021
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2036

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Frequently Asked Questions

What neighborhood is 3220 Rhode Island Drive located in?
The 3220 Rhode Island Drive is a located in the neighborhood of Troy in Troy, Troy.
What is the average sales price for listings in 3220 Rhode Island Drive?
The average sales price for units in 3220 Rhode Island Drive is $0 currently.

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