NOT LISTED FOR SALE

7020 Silver Lake Dr NE Rockford, MI 49341

Estimated Value: $567,000 - $649,000

3 Beds
1 Bath
816 Sq Ft
$743/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $590,000 $723 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,764/month

16 Days on Market

Highlights

  • Private Waterfront
  • Boat Ramp
  • 1 Fireplace
  • Lakes Elementary School Rated A
  • Docks
  • Sun or Florida Room

About This Home

As of July 2023

Rare opportunity to remodel or build your dream home on Silver Lake with 40' of sandy water frontage. Inside you will find 3 bedrooms 1 full bath, kitchen, and 9'x22' 3 season porch off the living room with an amazing lake view. Don't miss the opportunity to purchase one of the very few original homes left on the lake! Seller is a licensed real estate broker in the State of Michigan.

Last Listed By

Nathan Coffman

Coffman Property Management License #6502432333 Listed on: 06/22/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,491

Year Built

  • Built in 1920

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Private Waterfront
  • 40 Feet of Waterfront
  • Level Lot
  • Property is zoned Lake Res, Lake Res

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Cabin
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 816 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Docks

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Recreation

  • Boat Ramp
  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,491

Year Built

Built in 1920

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 816.0
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: 3 Season Room
  • List Price: 649900.0
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Water Body Name: Silver Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Boat Launch, Other
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 300.0
  • Water Fea Amenities:Private Frontage: Yes
  • Association Info:Assoc Fee Payable: Annually
  • Water Fea Amenities:Dock: Yes
  • Assoc Amenities:Boat Launch: Yes

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 40x140
  • Lot Size Sq Ft: 5619.0
  • Zoning Description: Lake Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7491.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 20, 2023
Sold by
Coffman Rentals Llc
Bought by
Weeber John
Seller's Agent
Nathan Coffman
Coffman Property Management
Buyer's Agent
Nathan Coffman
Coffman Property Management
List Price
$649,900
Sold Price
$590,000
Premium/Discount to List
-$59,900
-9.22%
Total Days on Market
16
Views
103
Current Estimated Value
$606,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,393
Avg. Annual Appreciation
-5.28%

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 28, 2023
Sold by
Coffman Nathan
Bought by
Coffman Rentals Llc
Seller's Agent
John Schlundt-Bodien
Greenridge Realty (Summit)
Buyer's Agent
Nathan Coffman
RE/MAX of Grand Rapids (FH)
List Price
$499,900
Sold Price
$499,075
Premium/Discount to List
-$825
-0.17%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.59%

Purchase Details

Listed on
Jan 26, 2023
Closed on
Jan 11, 2023
Sold by
County Of Kent
Bought by
Ontiveros Jose B and Seven Rachael
Seller's Agent
John Schlundt-Bodien
Greenridge Realty (Summit)
Buyer's Agent
Nathan Coffman
RE/MAX of Grand Rapids (FH)
List Price
$499,900
Sold Price
$499,075
Premium/Discount to List
-$825
-0.17%
Views
14

Purchase Details

Closed on
Aug 21, 2015
Sold by
Seven Rachael A
Bought by
Seven Thomas L

Purchase Details

Closed on
Jan 31, 2005
Sold by
Regan Robert J and Regan Julie W
Bought by
Seven Thomas L and Seven Rachael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Welch P Craig
Bought by
Regan Robert J and Regan Julie W

Purchase Details

Closed on
Jun 6, 1996
Sold by
Balk Melissa
Bought by
Craig and Mary Welch

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weeber John $590,000 Chicago Title
Coffman Rentals Llc -- --
Coffman Nathan $499,075 Chicago Title
Ontiveros Jose B $240,000 --
Seven Thomas L -- --
Seven Thomas L $305,000 --
Regan Robert J $160,000 --
Welch P Craig -- --
Craig $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seven Thomas L $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $590,000 -9.2% $723 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $649,900 +30.2% $796 / Sq Ft
02/27/2023 02/27/23 Sold $499,075 -0.2% $612 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $499,900 -- $613 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,329 $198,100 $0 $0
2022 $7,491 $168,200 $0 $0
2021 $7,439 $165,600 $0 $0
2020 $3,950 $164,500 $0 $0
2019 $7,037 $149,500 $0 $0
2018 $6,961 $140,100 $106,800 $33,300
2017 $6,801 $137,500 $0 $0
2016 $6,636 $135,100 $0 $0
2015 -- $135,100 $0 $0
2013 -- $132,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23021758

Southwestern Michigan Association of REALTORS®

APN: 41-11-09-279-003