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503 South 3rd Street

503 South 3rd Street, Niles, MI 49120
Property in Niles
Sold Sep 21, 2004
$53,000
$53,000 by Americas Wholesale Lender
Mortgage Due Oct 01, 2034
Sold Feb 04, 1993
$28,000
Local assessors in Niles, MI have categorized 503 South 3rd Street as a residential type of property. The home was built in 1933 and is 91 years old. The property's lot size has been calculated to be 2,047 square feet. The linear feet between the front and back of the lot was measured at 320 ft and the front of the lot was measured at 646 ft. 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, 3 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 503 South 3rd Street has a total of 936 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 165 sqft. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 503 South 3rd Street was last sold in Sep 9, 2004 for $53,000. According to our calculations, that's $56.62 per sqft. Prior to that sales transaction, the property was sold for $28,000 in Feb 4, 1993. Current property owners are expected to pay $830 in taxes per year. The property on 503 South 3rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,600. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Basement Type: Unspecified basement
  • Basement Area: 624
  • Garage Type: Garage
  • Garage Square Area: 165
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,047
  • Lot Size Depth Feet: 320
  • Lot Size Frontage Feet: 646
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 936
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BONDS ADD
  • Land Acres: 0.047
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT OF LOT 33 BONDS ADD TO NILES COM AT NW COR SD LOT 33 TH S36DEG19'30''E 64.6'TH N54DEG17'E 63.9'TH N36DEG19' 30''W 18.27'TH

Ownership

  • Current Owner : WRENN MARY
  • Current Owner 2: FERGUSON LYNN H
  • Previous Owner : ESKANDER KAMAL G
  • Previous Owner 2: ESKANDER SUZY K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 020700

Zoning

  • Zoning: LDR

Geography

  • Assessors Map Reference: 035-2
  • District: 73
  • Parcel: 73-0950-0033-03-9
  • Lot: 33
  • Municipality: NILES CITY
  • Latitude: 41.8232
  • Longitude: -86.253

    Address

  • Full Address: 503 S 3rd St
  • Legal Unit: 33,33
  • Address - House Number: 503
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: MI
  • City Name: Niles
  • Carrier Code: C021
  • 4-Digit Zip Code: 3301
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $830

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 67
  • Final Value: 121,073
  • High Value: 149,233
  • Low Value: 92,914

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $53,000
  • First Open Lien Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Open Lien Mortgage Recording Date: Sep 21, 2004
  • First Open Lien Mortgage Loan Amount: $53,000
  • 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, 2034

    Market Valuation

  • Market Total Value: $85,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2004
  • Current Sale Recording Date: Sep 21, 2004
  • Current Sale Transaction ID: 1184452797
  • Current Sale Price: $53,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 04, 1993
  • Previous Sale Contract Date: Feb 04, 1993
  • Previous Sale Amount: $28,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Mortgage Transaction Date: Sep 21, 2004
  • First Mortgage Loan Amount: $53,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2034

About Niles



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Frequently Asked Questions

What neighborhood is 503 South 3rd Street located in?
The 503 South 3rd Street is a located in the neighborhood of Niles in Niles, Niles.
What is the average sales price for listings in 503 South 3rd Street?
The average sales price for units in 503 South 3rd Street is $0 currently.

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