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3966 Iverness Lane

3966 Iverness Lane, West Bloomfield, MI 48323
Property in West Bloomfield
Sold Jun 08, 2016
Transfer
$251,760 by Quicken Loans Inc
Mortgage Due Jun 01, 2046
Sold Dec 18, 2015
$260,000
Local assessors in West Bloomfield, MI have categorized 3966 Iverness Lane as a residential type of property. The home was built in 1965 and is 59 years old. The property's lot size has been calculated to be 16,683 square feet. The linear feet between the front and back of the lot was measured at 1,565 ft and the front of the lot was measured at 1,065 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3966 Iverness Lane has a total of 2,465 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,513 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 476 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. The building has a gable style roof. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $260,000 in Dec 15, 2015. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,047 in taxes each year. 3966 Iverness Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $164,840. If we break it down further, the land itself was valued at $44,950. Improvements to the property, however, were assessed at a total of $119,890. 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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Brick
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,513
  • Garage Type: Garage
  • Garage Square Area: 476
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 16,683
  • Lot Size Depth Feet: 1,565
  • Lot Size Frontage Feet: 1,065
  • Total Building Area: 2,465
  • Building Area: 2,465
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,465
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PINE LAKE ESTATES
  • Land Acres: 0.383
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T2N, R9E, SEC 14 PINE LAKE ESTATES NO. 2 LOT 100

Ownership

  • Current Owner : BANKS PAUL
  • Current Owner 2: BANKS SHARON N
  • Previous Owner : BARNS PAUL
  • Owner Before Previous Owner: AYIAR NAJIB
  • Owner Before Previous Owner 2: AYIAR IBTISAM
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomfield Hills School District
  • School Tax School District: 63080
  • Census Tract: 156300

Zoning

  • Zoning: RI

Geography

  • District: X
  • Section: 14
  • Parcel: X -18-14-177-002
  • Lot: 100
  • Meridian: SEC 14 TWN 02N RNG 09E
  • Municipality: WEST BLOOMFIELD TWP
  • Latitude: 42.5819
  • Longitude: -83.3564

    Address

  • Full Address: 3966 Iverness Ln
  • Address - House Number: 3966
  • Address - Street Name: Iverness
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: West Bloomfield
  • Carrier Code: R045
  • 4-Digit Zip Code: 1711
  • Zip Code: 48323

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,047

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 74
  • Final Value: 435,332
  • High Value: 518,567
  • Low Value: 352,097

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $301,760
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jun 08, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $251,760
  • 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: Jun 01, 2046
  • Second Open Lien Mortgage Lender: GENISYS CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jan 24, 2022
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 13, 2041

    Market Valuation

  • Market Total Value: $329,680
  • Market Land Value: $89,900
  • Market Improvement Value: $239,780

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $164,840
  • Assessed Land Value: $44,950
  • Assessed Improvements Value: $119,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 25, 2016
  • Current Sale Recording Date: Jun 08, 2016
  • Current Sale Transaction ID: 1755231275
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 109918
  • Previous Sale Recording Date: Dec 18, 2015
  • Previous Sale Contract Date: Dec 15, 2015
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Jun 08, 2016
  • First Mortgage Loan Amount: $251,760
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 3966 Iverness Lane located in?
The 3966 Iverness Lane is a located in the neighborhood of West Bloomfield in West Bloomfield, West Bloomfield.
What is the average sales price for listings in 3966 Iverness Lane?
The average sales price for units in 3966 Iverness Lane is $0 currently.

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