NOT LISTED FOR SALE

1589 Lakewood Dr Troy, MI 48083

Estimated Value: $475,000 - $543,000

4 Beds
2.5 Baths
2,346 Sq Ft
$213/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $459,900 $196 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,229/month

19 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Stainless Steel Appliances
  • Barnard Elementary School Rated A+
  • Ground Level Unit
  • 2 Car Attached Garage

About This Home

As of April 2023

WELCOME TO THIS STUNNING UPDATED COLONIAL IN THE HIGHLY SOUGHT-AFTER RAINTREE VILLAGE! AWARD-WINNING TROY SCHOOLS: BARNARD ELEMENTARY, BAKER MIDDLE, ATHENS HIGH. THIS HOME IS WITHIN WALKING DISTANCE TO SHOPPING, RESTAURANTS, PARKS, SCHOOLS, AND JUST MINS FROM THE INTERSTATE FREEWAY, BIG BEAVER BUSINESS CORRIDOR, AND SOMERSET MALL. DON'T MISS THIS INCREDIBLE MOVE-IN READY HOME AND WELCOME TO TROY!

Last Agent to Sell the Property

Kevin Zhou

1st Michigan Realty LLC License #6506047685 Listed on: 03/23/2023

Last Buyer's Agent

Christin Bracken

Real Estate One-Milford License #6501336523

Real Estate One-Milford

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1976

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60.00 x 130.00

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 2,346 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Carbon Monoxide Detectors
  • Partially Finished Basement

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Rain Gutter Guard System

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2023406024
  • $1,025 Seller Concession

Community Details

Overview

  • Association Phone (248) 988-0180
  • Raintree Village Sub No 1 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,096

Year Built

Built in 1976

Lot Details

0

HOA Fees

$3 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1976
  • State Equalized Value: 168280.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Carbon Monoxide Alarm(s), Cable Available
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Room Count: 13
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Vented Exhaust Fan, Dishwasher, Dryer, Exhaust Fan, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 3046
  • Sq Ft Lower Floor: 700
  • Total Sq Ft: 2346
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exclusions: Yes
  • Exterior Features: Chimney Cap(s), Gutter Guard System
  • Foundation Materials: Poured
  • Frontage Feet: 60
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: 2489880180
  • Association Fee: 31
  • Association Fee: Yes

Schools

  • School District: Troy

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.18
  • Lot Dimensions: 60.00 x 130.00
  • Parcel Number: 2023406024

Tax Info

  • Tax Amount Summer: 4227.0000
  • Tax Amount Winter: 869.0000
  • Total Tax: 5096.0000
  • Taxable Value: 146910.0000

MLS Schools

  • School District: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 28, 2023
Sold by
Zhou Chen and Zhou Wen
Bought by
Yuan Wendy and Layers Matthew
Seller's Agent
Kevin Zhou
1st Michigan Realty LLC
Buyer's Agent
Christin Bracken
Real Estate One-Milford
List Price
$459,900
Sold Price
$459,900
Views
54
Current Estimated Value
$500,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,362
Avg. Annual Appreciation
3.56%
Original Mortgage
$413,900
Outstanding Balance
$404,625
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$93,943

Purchase Details

Closed on
Nov 20, 2019
Sold by
Zhou Chen and Guo Wen
Bought by
Zhou Chen and Guo Wen

Purchase Details

Listed on
Jul 30, 2014
Closed on
Feb 27, 2015
Sold by
Chabot James A and Chabot Kimberly
Bought by
Zhou Chen and Guo Wen
Seller's Agent
Nancy Robinson
Century 21 Town & Country-Ro
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$284,000
Sold Price
$265,000
Premium/Discount to List
-$19,000
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$212,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2013
Closed on
Nov 15, 2013
Sold by
Trick Alan T and Trick Charlene M
Bought by
Chabot James A and Chabot Kimberly
Seller's Agent
Nancy Robinson
Century 21 Town & Country-Ro
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$267,000
Sold Price
$267,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%
Original Mortgage
$213,600
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

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
Yuan Wendy $459,900 Crossroads Title
Zhou Chen -- None Available
Zhou Chen $265,000 Title One Inc
Chabot James A $267,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuan Wendy $413,900
Previous Owner Zhou Chen $91,100
Previous Owner Zhou Chen $212,000
Previous Owner Chabot James A $213,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $459,900 0.0% $196 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $459,900 +73.5% $196 / Sq Ft
02/27/2015 02/27/15 Sold $265,000 -6.7% $111 / Sq Ft
02/04/2015 02/04/15 Pending -- -- --
07/30/2014 07/30/14 For Sale $284,000 +6.4% $119 / Sq Ft
11/15/2013 11/15/13 Sold $267,000 0.0% $112 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $267,000 -- $112 / 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
2022 $6,255 $168,280 $0 $0
2015 $5,019 $118,570 $0 $0
2014 -- $109,990 $0 $0
2011 -- $93,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kevin Zhou

    1st Michigan Realty LLC

    Section Image
  • Christin Bracken

    Buyer's Agent in 2023

    Christin Bracken

    Real Estate One

    (248) 709-3800

    1 in this area

    164 Total Sales

    Section Image

  • N

    Seller's Agent in 2015

    Nancy Robinson

    Century 21 Town & Country-Ro

  • C

    Seller Co-Listing Agent in 2015

    Caren Goldstone

    Century 21 Town & Country-Ro

  • .

    Buyer's Agent in 2015

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Realcomp

MLS Number: 20230016709

Realcomp

APN: 20-23-406-024

Michigan Oakland County Troy 48083

1589 Lakewood Dr, Troy, MI

This home is located at 1589 Lakewood Dr, Troy, MI 48083 since 23 March 2023 and is currently estimated at $500,262, approximately $213 per square foot. This property was built in 1976. 1589 Lakewood Dr is a home located in Oakland County with nearby schools including Barnard Elementary School, Baker Middle School, and Athens High School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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