$3,500,000
SOLD FEB 10, 2022

1567 Island Ln Bloomfield Hills, MI 48302

4 Beds
8 Baths
7,751 Sq Ft
2.31 Acres

Recently Sold

$452 Per Sq Ft

22% Below List Price

105 Days on Market

Highlights

  • 159 Feet of Waterfront
  • Built-In Freezer
  • Fireplace in Primary Bedroom
  • Way Elementary School Rated A
  • 2.31 Acre Lot
  • Ranch Style House

About This Home

As of February 2022

Situated in the quiet community of kirk in the hills this custom-built, lakefront estate was created by master craftsmen to reflect the quality of yesteryear. The finest of materials were used throughout creating a value that is unprecedented. Easy first-floor living with spacious rooms and soaring ceilings flow effortlessly into each other. First-floor owners wing with terrace, seating area, FP and dual dressing rooms that will satisfy the fussiest buyer. SieMatic Kitchen opens to family room and multiple eating areas. Formal dining room and great room, all with French doors that lead to panoramic views of terrace and water. Hand-forged railing sweeps down to walkout lower level complete with ensuites, rec room, game room, sunroom, wine cellar, and alternative kitchen. Lakeside entrance to LL storage for lakefront accessories. 3-floor elevator. Professional landscaping & waterfall feature. The investment made to build this property cannot be duplicated.

Last Agent to Sell the Property

Katherine Broock

Max Broock, REALTORS®-Birmingham License #6501240456 Listed on: 10/06/2021

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Dan Gutfreund

Signature Sotheby's International Realty Bham License #RCO-6501367800

Signature Sotheby's International Realty Bham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1995

Lot Details

  • 2.31 Acre Lot
  • Lot Dimensions are 179x594x157x600
  • 159 Feet of Waterfront
  • Lake Front

Home Design

  • Ranch Style House
  • Poured Concrete
  • Tile Roof
  • Stone Siding

Interior Spaces

  • 7,751 Sq Ft Home
  • Elevator
  • Wet Bar
  • Gas Fireplace
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Security System Owned

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Range Hood
  • Microwave
  • Built-In Freezer
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • Fireplace in Basement

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Ground Level Unit

Community Details

  • No Home Owners Association
  • West Lochslea No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1918230009

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,998

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1995
  • State Equalized Value: 2173050.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Elevator/Lift, Programmable Thermostat, Security Alarm (owned), Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Basement, Dining Room, Family Room, Primary Bedroom
  • Room Count: 23
  • Total Bedrooms: 4
  • Total Bathrooms: 6.20
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished, Walk-Out Access
  • Kitchen Appliances: Built-In Freezer, Built-In Gas Oven, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Washer
  • Sq Ft Combined: 15502
  • Sq Ft Lower Floor: 7751
  • Total Sq Ft: 7751
  • Sq Ft Total Bsmt: 7751

Exterior Features

  • Roof Material: Tile
  • Waterfront Name: Island Lake
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Stone
  • Exclusions: Yes
  • Foundation Materials: Poured
  • Frontage Feet: 179
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved
  • Water Frontage Feet: 159.00
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Bloomfield Hills

Lot Info

  • Homestead: Yes
  • Lot Size Area: 2.31
  • Lot Dimensions: 179x594x157x600
  • Parcel Number: 1918230009

Tax Info

  • Tax Amount Summer: 27091.0000
  • Tax Amount Winter: 28907.0000
  • Total Tax: 55998.0000
  • Taxable Value: 1424050.0000

MLS Schools

  • School District: Bloomfield Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Feb 10, 2022
Sold by
Latta Ilija M and Latta Gudrun M
Bought by
Salami Zeinab
Seller's Agent
Katherine Broock
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
List Price
$4,490,000
Sold Price
$3,500,000
Premium/Discount to List
-$990,000
-22.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%
Original Mortgage
$1,410,000
Outstanding Balance
$1,319,209
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$4,270,265
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,500,000 Capital Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,410,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 For Sale $4,995,000 +42.7% $644 / Sq Ft
02/10/2022 02/10/22 Sold $3,500,000 -22.0% $452 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
10/06/2021 10/06/21 For Sale $4,490,000 -- $579 / Sq Ft
Source: Realcomp

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
2024 $36,974 $2,075,480 $0 $0
2023 $35,780 $1,891,830 $0 $0
2022 $55,666 $2,208,860 $0 $0
2021 $72,437 $2,088,470 $0 $0
2020 $27,091 $2,173,050 $0 $0
2019 $52,001 $2,105,300 $0 $0
2018 $52,238 $1,500,000 $0 $0
2017 $51,863 $1,500,000 $0 $0
2016 $51,960 $1,404,000 $0 $0
2015 -- $1,404,000 $0 $0
2014 -- $1,750,000 $0 $0
2011 -- $1,500,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210084415

Realcomp

APN: 19-18-230-009