NOT LISTED FOR SALE

487 W Lincoln Ave Unit 4 Madison Heights, MI 48071

Estimated Value: $202,000 - $268,000

2 Beds
1.5 Baths
1,413 Sq Ft
$157/Sq Ft Est. Value

Highlights

  • Ground Level Unit
  • 1 Car Direct Access Garage
  • Forced Air Heating and Cooling System
  • Balcony
  • Patio
  • Laundry Facilities

About This Home

As of November 2021

Location is key with this property. Easy access to everything! The back of this unit has southern exposure so...a year round sun drenched living room. Fantastic open floor plan is great for entertaining. Never be far away from the fun. Recently updated carpet, paint and lighting. Jack & Jill bath between bedrooms. Large laundry room has tons of extra storage space or you could make into an office. The patio will be great for BBQ'ing this summer. NEW AC & Furnace. Additional parking for guests at complex. This beautiful town-home gives you all the convenience of living near downtown Royal Oak without paying downtown prices. Uber or bike to downtown. Quick access to I75 . Tenants pays electric, water & gas . No virtual showings. 1.5x security deposit, first months rent, online application process, proof of employment, copy of current credit report, copy of driver's license. $500 cleaning/set up fee.

Last Agent to Rent the Property

Christin Bracken

Real Estate One-Milford License #6501336523 Listed on: 11/02/2021

Real Estate One-Milford

Last Renter's Agent

Christin Bracken

Real Estate One-Milford License #6501336523 Listed on: 11/02/2021

Real Estate One-Milford

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,155

Year Built

  • Built in 1995

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,413 Sq Ft Home
  • 3-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Location

  • Ground Level Unit

Utilities

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

Listing and Financial Details

  • Security Deposit $2,250
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Negotiable Lease Term
  • Assessor Parcel Number 2523426042

Community Details

Overview

  • Lincoln Row Townhomes Occpn 936 Subdivision

Amenities

  • Laundry Facilities

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,155

Year Built

Built in 1995

Lot Details

0

HOA Fees

$140 per month

Rental Info

  • Lease Type: Condominium
  • Security Deposit: 2250.00
  • Tenant Amenities: Laundry In-Unit

Listing Details

  • Property Type: Condominium
  • Architecture Style: Townhouse
  • Architecture Level: 3 Story
  • Year Built: 1995
  • Entry Location: Ground Level
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Washer
  • Sq Ft Combined: 1413
  • Total Sq Ft: 1413

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Porch Type: Balcony, Patio
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Attached
  • Garage: Yes
  • MF Parking: Paved

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

  • HOA Fee Includes: Snow Removal, Maintenance Grounds, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 140
  • Association Fee: Yes

Fee Information

  • Additional Fee: 500.00

Schools

  • School District: Madison (Madison Hts.)

Lot Info

  • Parcel Number: 2523426042

Multi Family

  • Length of Lease: 12 Months, Negotiable, 13-24 Months

MLS Schools

  • School District: Madison (Madison Hts.)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2017
Sold by
G & B Barrington L L C
Bought by
G & B Lincoln L L C
Current Estimated Value
$221,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Outstanding Balance
$78,055
Interest Rate
3.78%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$143,178

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jun 27, 2017
Sold by
Barrett Ryan J and Barrett Brett C
Bought by
G & B Barrington Llc
Seller's Agent
Christin Bracken
Real Estate One-Milford
Buyer's Agent
Ray Thietten
Real Estate One-Rochester
Sold Price
$1,500

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jun 13, 2017
Sold by
Barrett Ryan J
Bought by
Barrett Ryan J
Seller's Agent
Christin Bracken
Real Estate One-Milford
Buyer's Agent
Ray Thietten
Real Estate One-Rochester
Sold Price
$1,500

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jun 12, 2017
Sold by
Parikh Neeti
Bought by
Barrett Ryan J
Seller's Agent
Christin Bracken
Real Estate One-Milford
Buyer's Agent
Ray Thietten
Real Estate One-Rochester
Sold Price
$1,500

Purchase Details

Closed on
May 26, 2005
Sold by
Phillips Lesley and Phillips Robert C
Bought by
Parikh Neeti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
5.91%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 28, 1999
Sold by
Montgomery Robert G
Bought by
Braden Lesley R

Purchase Details

Closed on
Jul 31, 1996
Sold by
City Lights Dev Co
Bought by
Montgomery Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,300
Interest Rate
8.33%
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
G & B Lincoln L L C -- None Available
G & B Barrington Llc -- None Available
Barrett Ryan J -- None Available
Barrett Ryan J $147,500 Abstract Title Agency
Parikh Neeti $152,000 Great Lakes Title Michigan
Braden Lesley R $126,900 --
Montgomery Robert G $96,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open G & B Lincoln L L C $93,100
Previous Owner Parikh Neeti $121,600
Previous Owner Phillips Robert C $134,000
Previous Owner Montgomery Robert G $86,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Rented $1,500 0.0% --
11/02/2021 11/02/21 Under Contract -- -- --
01/24/2021 01/24/21 Rented $1,500 0.0% --
01/23/2021 01/23/21 Under Contract -- -- --
01/14/2021 01/14/21 Price Changed $1,500 -6.3% $1 / Sq Ft
12/18/2020 12/18/20 For Rent $1,600 +6.7% --
04/01/2020 04/01/20 Rented $1,500 0.0% --
03/01/2020 03/01/20 Under Contract -- -- --
02/19/2020 02/19/20 For Rent $1,500 +7.1% --
10/16/2018 10/16/18 Rented $1,400 0.0% --
10/14/2018 10/14/18 Under Contract -- -- --
10/09/2018 10/09/18 Price Changed $1,400 -6.7% $1 / Sq Ft
08/23/2018 08/23/18 Price Changed $1,500 -6.3% $1 / Sq Ft
08/04/2018 08/04/18 Price Changed $1,600 -5.9% $1 / Sq Ft
07/11/2018 07/11/18 For Rent $1,700 +13.3% --
07/15/2017 07/15/17 Rented $1,500 0.0% --
06/22/2017 06/22/17 Under Contract -- -- --
06/19/2017 06/19/17 For Rent $1,500 -- --
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 $3,155 $79,230 $0 $0
2023 $3,023 $78,600 $0 $0
2022 $3,616 $76,040 $0 $0
2021 $3,510 $71,570 $0 $0
2020 $2,912 $66,740 $0 $0
2019 $3,595 $62,160 $0 $0
2018 $3,542 $49,410 $0 $0
2017 $2,493 $49,410 $0 $0
2016 $2,393 $45,000 $0 $0
2015 -- $39,660 $0 $0
2014 -- $35,530 $0 $0
2011 -- $41,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christin Bracken

    Landlord's Agent in 2021

    Christin Bracken

    Real Estate One

    (248) 709-3800

    1 in this area

    160 Total Sales

    Christin Bracken
    Section Image

  • C

    Buyer's Agent in 2021

    Chad Speller

    The Maple Group Realtors LLC

    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Marc Bracken

    Real Estate One

  • Sarah Cormier

    Buyer's Agent in 2020

    Sarah Cormier

    EXP Realty LLC

    (248) 259-3289

    2 in this area

    25 Total Sales

    Sarah Cormier
    Section Image
  • Anne Osmer

    Buyer's Agent in 2018

    Anne Osmer

    KW Domain

    (248) 797-7035

    5 Total Sales

    Anne Osmer
    Section Image
  • Ray Thietten

    Buyer's Agent in 2017

    Ray Thietten

    Real Estate One

    (248) 941-1256

    53 Total Sales

    Ray Thietten
    Section Image
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Map

Source: Realcomp

MLS Number: 2210087056

Realcomp

APN: 25-23-426-042

Michigan Oakland County Madison Heights 48071

487 W Lincoln Ave Unit 4, Madison Heights, MI

This home is located at 487 W Lincoln Ave Unit 4, Madison Heights, MI 48071 since 02 November 2021 and is currently priced at $221,233. This property was built in 1995. 487 W Lincoln Ave Unit 4 is a home located in Oakland County with nearby schools including Madison High School, Keys Grace Academy, and Calvary Christian 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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