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5515 2 Mile Road

5515 2 Mile Road, Bay City, MI 48706
Property in Monitor
Sold Jun 06, 2017
$46,500
$45,105 by Wanigas Cu
Mortgage Due Jun 01, 2047
Sold Dec 27, 2012
$44,520
$43,448 by First Independence Bank
Mortgage Due Jan 01, 2043
5515 2 Mile Road in Bay City, MI was first built in 1955 and is 69 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5515 2 Mile Road has 1,064 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,500. In total, the area measurement of the land is 25,265 square feet.

Learn more about the property and building on this page. As for heating, the home is utilizing a forced air unit and being fueled with electricity. 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, 5515 2 Mile Road sold most recently in May 24, 2017 for a total of $46,500. If you work out the math, that's approximately a cost of $43.70 per sqft. Before that, the property was also sold for $44,520 in Dec 26, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $468 in taxes each year. 5515 2 Mile Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $54,200. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 25,265
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,064
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION SECS 31-14-5 & 6-1
  • Land Acres: 0.58
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 250 FT OF W 100 FT OF LOT 3, SUB OF SEC 31 T14N R5E & PT OF NW 1/4 SEC 6 T13N R5E, L3/P21 BCR

Ownership

  • Current Owner : KRAMER KENT L
  • Previous Owner : STEINBAUER JOSEPH
  • Owner Before Previous Owner: DILLEY SARAH
  • Owner Before Previous Owner 2: DAILY SARAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bay City School District
  • School Tax School District: 9010
  • Census Tract: 285500

Zoning

  • Zoning: R2

Geography

  • District: 100
  • Section: 6
  • Parcel: 100-038-100-070-00
  • Lot: 3
  • Meridian: SEC 31 TWN 14N RNG 05E
  • Municipality: MONITOR TWP
  • Latitude: 43.5801
  • Longitude: -83.9329

    Address

  • Full Address: 5515 2 Mile Rd
  • Address - House Number: 5515
  • Address - Street Name: 2 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Bay City
  • Carrier Code: C003
  • 4-Digit Zip Code: 3124
  • Zip Code: 48706

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $468
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.2295
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 54
  • Final Value: 51,720
  • High Value: 63,593
  • Low Value: 39,846

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $45,105
  • First Open Lien Mortgage Lender: WANIGAS CU
  • First Open Lien Mortgage Recording Date: Jun 06, 2017
  • First Open Lien Mortgage Loan Amount: $45,105
  • 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: Jun 01, 2047

    Market Valuation

  • Market Total Value: $108,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2017
  • Current Sale Recording Date: Jun 06, 2017
  • Current Sale Transaction ID: 1589989752
  • Current Sale Price: $46,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 27, 2012
  • Previous Sale Contract Date: Dec 26, 2012
  • Previous Sale Amount: $44,520
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WANIGAS CU
  • First Mortgage Transaction Date: Jun 06, 2017
  • First Mortgage Loan Amount: $45,105
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST INDEPENDENCE BANK
  • Previous Mortgage Transaction Date: Dec 27, 2012
  • Previous Mortgage Loan Amount: $43,448
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2043

About Bay



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Frequently Asked Questions

What neighborhood is 5515 2 Mile Road located in?
The 5515 2 Mile Road is a located in the neighborhood of Monitor in Bay, Bay City.
What is the average sales price for listings in 5515 2 Mile Road?
The average sales price for units in 5515 2 Mile Road is $0 currently.

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