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720 West Lincoln Avenue

720 West Lincoln Avenue, Cheboygan, MI 49721
Property in Cheboygan
Sold Sep 20, 2012
$44,000
$46,325 by United States Department Of Ag
Mortgage Due Aug 24, 2045
Sold Mar 31, 2011
$67,000
Local assessors in Cheboygan, MI have categorized 720 West Lincoln Avenue as a residential type of property. The property's lot size has been calculated to be 13,068 square feet.

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. 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, 720 West Lincoln Avenue sold most recently in Aug 24, 2012 for a total of $44,000. Before that, the property was also sold for $67,000 in Mar 25, 2011. 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 $929 in taxes each year. 720 West Lincoln Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,800. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUPRVRS JOHN P GALBRAITHS 1ST
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT OF SUPERVISOR JOHN P GALBRAITH'S FIRST ADDITION TO CITY OF CHEBOYGAN, W132FT OF S 132FT LOT 19. (SEC 1,

Ownership

  • Current Owner : ERNISH MICHAEL J
  • Previous Owner : WELLS FARGO BANK NA
  • Owner Before Previous Owner: SPROUL DEPUTY LAWRENCE
  • Owner Before Previous Owner 2: CHEBOYGAN COUNTY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cheboygan Area Schools
  • School Tax School District: CHEBOYGAN
  • Census Tract: 960200

Geography

  • District: 51
  • Parcel: 055-G16-001-024-00
  • Lot: 19
  • Meridian: SEC 01 TWN 019 RNG 02W
  • Municipality: CITY OF CHEBOYGAN
  • Latitude: 45.6344
  • Longitude: -84.4922

    Address

  • Full Address: 720 W Lincoln Ave
  • Address - House Number: 720
  • Street Direction: W
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Cheboygan
  • Carrier Code: R005
  • 4-Digit Zip Code: 1872
  • Zip Code: 49721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $929
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 68
  • Final Value: 109,799
  • High Value: 126,855
  • Low Value: 92,742

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $53,325
  • First Open Lien Mortgage Lender: UNITED STATES DEPARTMENT OF AG
  • First Open Lien Mortgage Recording Date: Sep 20, 2012
  • First Open Lien Mortgage Loan Amount: $46,325
  • First Open Lien Mortgage Term: 394
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Aug 24, 2045
  • Second Open Lien Mortgage Lender: PNC BANK
  • Second Open Lien Mortgage Recording Date: Jul 30, 2018
  • Second Open Lien Mortgage Loan Amount: $7,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $105,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2012
  • Current Sale Recording Date: Sep 20, 2012
  • Current Sale Transaction ID: 1184526165
  • Current Sale Price: $44,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 31, 2011
  • Previous Sale Contract Date: Mar 25, 2011
  • Previous Sale Amount: $67,000
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED STATES DEPARTMENT OF AG
  • First Mortgage Transaction Date: Sep 20, 2012
  • First Mortgage Loan Amount: $46,325
  • First Mortgage Terms: 394
  • First Mortgage Loan Due Date: Aug 24, 2045

About Cheboygan



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Frequently Asked Questions

What neighborhood is 720 West Lincoln Avenue located in?
The 720 West Lincoln Avenue is a located in the neighborhood of Cheboygan in Cheboygan, Cheboygan.
What is the average sales price for listings in 720 West Lincoln Avenue?
The average sales price for units in 720 West Lincoln Avenue is $0 currently.

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