Property Details
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130 W Cherry St in Wayland, MI is a charming and spacious residential property situated in the I. Kellogg's Addition - Plat of Lomax City neighborhood. The property was built in 1910 and boasts a total living area of 2,304 square feet, with 3 bedrooms and 1 bathroom. The lot size is 12,458 square feet, with a depth of 189 feet and a width of 66 feet. The house also features a detached garage and is equipped with commercial A/C and forced air heating. This property last sold for $290,000 in 2022 and has an assessed market value of $280,200.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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