NOT LISTED FOR SALE

3541 Arbor Royal Oak, MI 48073

Estimated Value: $664,000 - $707,000

3 Beds
3.5 Baths
2,184 Sq Ft
$314/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $632,000 $289 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,246/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Wine Refrigerator
  • 2 Car Detached Garage
  • Royal Oak High School Rated 9+
  • Covered Patio or Porch
  • Bar Fridge

About This Home

As of February 2024

Welcome Home to 3541 Arbor! You've been waiting for this one! Rare to find newer construction colonial nested in the very quaint and active community of Lexington On the Park. This impeccably designed home offers a perfect blend of modern luxury and convenient every day living amenities. Boasting three bedrooms and three and a half bathrooms, this residence is the epitome of functional living. As you step through the front door, you are greeted by an open and airy floor plan, spacious flex space be used for office, den or play room. The kitchen provides updated stainless steel appliances, granite counters, gas range and spacious island for seating. Great for entertaining. Cozy living room with large sunlit windows and built in fireplace. Enjoy your mud room with built in lockers and extra storage. The three generously sized bedrooms provide comfortable retreats, with the primary suite offering a serene escape with its spa-like ensuite bathroom and spacious his and her walk in closets. The finished basement of this home is a true showstopper completed in 2018 which adds both functional living space and versatility to the property. Wide open space with large bar, quartz countertops and two beverage fridges. This space also provides a spacious full bathroom with clean and modern finishes.Outside, the professionally landscaped yard creates a picturesque setting with a exposed aggregate patio, privacy fence and two car garage. Sprinkler system. The overall attention to detail throughout the property reflects the pride of ownership and special touch you won't find in most newer construction homes. Located in the sought-after Royal Oak community, Lexington On the Park, this home is just moments away from local amenities, parks and schools. The community is close with active block parties and gatherings throughout the year. Don't miss the opportunity to make this stunning Colonial your own and experience the epitome of luxurious suburban living. Schedule your showing today!

Last Agent to Sell the Property

Kaitlyn Pangrazzi

@properties Christie's Int'l R.E. Birmingham License #6501396235 Listed on: 01/13/2024

@properties Christie's Int'l R.E. Birmingham

Last Buyer's Agent

Kevin DeVergilio

REALTEAM Real Estate License #6501396866

REALTEAM Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2016

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50.00x155
  • Fenced
  • Sprinkler System

HOA Fees

  • $30 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Finished Basement
  • Sump Pump

Kitchen

  • Built-In Gas Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2504354036
  • $500 Seller Concession

Community Details

Overview

  • Erika Alexander Association
  • Lexington On The Park Occpn 2092 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,215

Year Built

Built in 2016

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2016
  • State Equalized Value: 246530.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 14
  • Total Bedrooms: 3
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Built-In Gas Range, Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Microwave, Washer, Wine Refrigerator, Bar Fridge
  • Sq Ft Combined: 3084
  • Sq Ft Lower Floor: 900
  • Total Sq Ft: 2184
  • Sq Ft Total Bsmt: 1127

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Stone, Vinyl, Wood
  • Construction Features: Site Condo
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced, Fence Allowed

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), 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

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee Frequency: Annually
  • Phone: lexingtonontheparkhoa@gmail.com
  • Association Fee: 360
  • Association Contact: Erika Alexander
  • Association Fee: Yes

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.18
  • Lot Dimensions: 50.00x155
  • Parcel Number: 2504354036

Tax Info

  • Tax Amount Summer: 7213.0000
  • Tax Amount Winter: 2002.0000
  • Total Tax: 9215.0000
  • Taxable Value: 240550.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Feb 15, 2024
Sold by
Hodges Bill and Hodges Michelle
Bought by
Cook Craig and Mccracken Courtney
Seller's Agent
Kaitlyn Pangrazzi
@properties Christie's Int'l R.E. Birmingham
Buyer's Agent
Kevin DeVergilio
REALTEAM Real Estate
List Price
$610,000
Sold Price
$632,000
Premium/Discount to List
$22,000
3.61%
Views
57
Current Estimated Value
$685,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,931
Avg. Annual Appreciation
4.93%
Original Mortgage
$600,400
Outstanding Balance
$589,889
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$96,042

Purchase Details

Listed on
Jan 21, 2016
Closed on
Sep 9, 2016
Sold by
Robertson Lexington Llc
Bought by
Hodges Hill and Hodges Michelle
Seller's Agent
Ebon Petty
Robertson Brothers Company
Buyer's Agent
Kate Hayman
KW Domain
List Price
$401,990
Sold Price
$419,350
Premium/Discount to List
$17,360
4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$335,480
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Cook Craig $632,000 Ata National Title
Cook Craig $632,000 Ata National Title
Cook Craig $632,000 Ata National Title
Hodges Hill $419,350 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Craig $600,400
Closed Cook Craig $600,400
Previous Owner Hodges Hill $335,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2024 02/15/24 Sold $632,000 +3.6% $289 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $610,000 +45.5% $279 / Sq Ft
09/09/2016 09/09/16 Sold $419,350 +4.3% $200 / Sq Ft View Prior Sale
01/21/2016 01/21/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $401,990 -- $192 / 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 $7,423 $261,300 $0 $0
2022 $8,770 $232,570 $0 $0
2020 $7,213 $218,730 $0 $0
2018 $8,770 $213,990 $0 $0
2017 $8,784 $213,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240001890

Realcomp

APN: 25-04-354-036