NOT LISTED FOR SALE

487 Madison St Birmingham, MI 48009

Estimated Value: $947,000 - $2,477,000

4 Beds
6 Baths
4,300 Sq Ft
$457/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $2,050,000 $477 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $14,150/month

166 Days on Market

Highlights

  • New Construction
  • Built-In Refrigerator
  • Deck
  • Harlan Elementary School Rated A
  • Colonial Architecture
  • 3-minute walk to Poppleton Park

About This Home

As of April 2024

Introducing a stunning new construction masterpiece in the highly sought-after Poppleton Park neighborhood. This impeccable designer-level home boasts a wealth of custom features, setting a new standard for luxury living. Featuring intricate custom millwork, including beautiful wood beam ceilings and a fluted wood Marble surround fireplace that adds a touch of sophistication to the living space. The heart of the home, the kitchen, features a quartz island with top-of-the-line commercial-style appliances, a butler's pantry, and a chic bar area, making it perfect for culinary entertaining. The primary suite includes his and her closets with a spa-like primary bathroom offering a tranquil retreat from the hustle and bustle of everyday life. Additionally, there are three other generously sized bedroom suites, each adorned with custom closets. The finished lower level, already plumbed for an additional bathroom and kitchenette, provides versatile space for your personalized needs. This corner lot gem includes an attached garage and a private yard, offering a perfect balance of convenience and outdoor space for relaxation. This home is designed to accommodate your every need. It's a rare find in a desirable neighborhood, making it the epitome of modern luxury and timeless elegance.

Last Agent to Sell the Property

Renee Lossia Acho

KW Domain License #6501305857 Listed on: 11/03/2023

KW Domain

Co-Listed By

Tushar Vakhariya

KW Domain License #6501279268

Last Buyer's Agent

Katherine Broock

Max Broock, REALTORS®-Birmingham License #6501240456

Max Broock, REALTORS®-Birmingham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 56x135
  • Corner Lot

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4,300 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Finished Basement

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1925401007

Community Details

Overview

  • No Home Owners Association
  • Highland View Add No 1 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,981

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial, Contemporary
  • Architecture Level: 3 Story
  • Year Built: 2023
  • State Equalized Value: 197030.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Programmable Thermostat, Furnished - No
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Room Count: 17
  • Total Bedrooms: 4
  • Total Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave
  • Sq Ft Combined: 5141
  • Sq Ft Lower Floor: 841
  • Total Sq Ft: 4300
  • Sq Ft Total Bsmt: 841

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Construction Features: New Construction
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 56
  • Porch Type: Porch - Covered, Deck, Patio, Porch, Patio - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Electricity, Door Opener, 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: No

Schools

  • School District: Birmingham

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.17
  • Lot Dimensions: 56x135
  • Parcel Number: 1925401007

Tax Info

  • Tax Amount Summer: 8027.0000
  • Tax Amount Winter: 954.0000
  • Total Tax: 8981.0000
  • Taxable Value: 197030.0000

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Apr 24, 2024
Sold by
Moore Development Group Llc
Bought by
Kathleen Luke-Marx 2018 Qualified Personal Re and Marx
Seller's Agent
Renee Lossia Acho
KW Domain
Buyer's Agent
Katherine Broock
Max Broock, REALTORS®-Birmingham
List Price
$2,195,000
Sold Price
$2,050,000
Premium/Discount to List
-$145,000
-6.61%
Views
335
Current Estimated Value
$1,964,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,785
Avg. Annual Appreciation
-3.05%

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 25, 2022
Sold by
Erik Boneff
Bought by
487 Madison Street Llc
Seller's Agent
Andrew Karam
@properties Christie's Int'l R E Rochester
Buyer's Agent
Lawrence Campbell
Century 21 Campbell Realty
List Price
$650,000
Sold Price
$500,000
Premium/Discount to List
-$150,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
132.78%

Purchase Details

Closed on
Apr 26, 2022
Sold by
Sheriff Oakland County
Bought by
Seltzer Martin

Purchase Details

Closed on
Dec 22, 2010
Sold by
Meadows Edmund C and Meadows Mary Theresa
Bought by
Boneff Nick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,750
Interest Rate
4.5%
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
Kathleen Luke-Marx 2018 Qualified Personal Re -- Vanguard Title
Kathleen Luke-Marx 2018 Qualified Personal Re -- Vanguard Title
487 Madison Street Llc $500,000 --
Seltzer Martin $288,050 None Listed On Document
Boneff Nick $345,000 Devon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boneff Nick $36,500
Previous Owner Boneff Nick $287,500
Previous Owner Boneff Nick $36,150
Previous Owner Boneff Nick $327,750
Previous Owner Meadows Edmund C $140,000
Previous Owner Meadows Edmund C $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2024 04/24/24 Sold $2,050,000 -6.6% $477 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
11/03/2023 11/03/23 For Sale $2,195,000 +339.0% $510 / Sq Ft
08/25/2022 08/25/22 Sold $500,000 -9.1% $200 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $550,000 -15.4% $220 / Sq Ft
06/16/2022 06/16/22 For Sale $650,000 +30.0% $260 / Sq Ft
06/02/2022 06/02/22 Off Market $500,000 -- --
05/27/2022 05/27/22 Price Changed $650,000 -- $260 / 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 $42,366 $1,071,550 $0 $0
2023 $8,027 $197,030 $0 $0
2022 $8,740 $303,230 $0 $0
2021 $8,591 $281,990 $0 $0
2020 $7,852 $283,750 $0 $0
2019 $8,662 $281,620 $0 $0
2018 $8,596 $274,220 $0 $0
2017 $8,582 $265,320 $0 $0
2016 $8,598 $283,420 $0 $0
2015 -- $252,840 $0 $0
2014 -- $216,930 $0 $0
2011 -- $193,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230093018

Realcomp

APN: 19-25-401-007