NOT LISTED FOR SALE

501 E University Dr Unit 107 Rochester, MI 48307

Estimated Value: $198,000 - $199,163

2 Beds
1.5 Baths
1,091 Sq Ft
$300/mo HOA Fee

Last Sold March 01, 2016

Last sale price $93,000 $85 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $1,562/month

8 Days on Market

Highlights

  • End Unit
  • 1-Story Property
  • 1 Car Garage
  • North Hill Elementary School Rated A
  • Forced Air Heating and Cooling System
  • 3-minute walk to Rotary Gateway Park

About This Home

As of March 2016

Turn-key two bedroom, one and a half bath condominium in the lovely Paint Creek complex just a short walk to downtown. Highlights include a master bedroom with a spacious walk-in closet, updated appliances and a great view. Comes with a garaged parking space, basement storage area and on-site laundry facility. Association fee pays for water, snow removal, and landscaping. Close to shopping, restaurants and everything else downtown Rochester has to offer as well as steps from the Paint Creek Trail! This is a second-story unit.

Last Agent to Sell the Property

John Faarup

Michigan United Realty License #6502399626 Listed on: 01/04/2016

Last Buyer's Agent

Carrie Symonds

Berkshire Hathaway HomeServices Kee Realty License #6501333436

Berkshire Hathaway HomeServices Kee Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1966

Lot Details

  • End Unit

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Parking Garage Space

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,091 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Shared Water Meter
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 1511351042

Community Details

Overview

  • Paint Creek Condo Hms Of Roch Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$746

Year Built

Built in 1966

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: End Unit
  • Architecture Level: 1 Story Up
  • Year Built: 1966
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Intercom
  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1091
  • Total Sq Ft: 1091
  • Sq Ft Total Bsmt: 100

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space
  • Garage: Yes

Utilities

  • Heating Fuel: Electric
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Common
  • Water Source: Community, Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Association Fee: 300
  • Association Fee: No

Schools

  • School District: Rochester

Lot Info

  • Homestead: Yes
  • Parcel Number: 1511351042

Tax Info

  • Tax Amount Summer: 661.0000
  • Tax Amount Winter: 85.0000
  • Total Tax: 746.0000

MLS Schools

  • School District: Rochester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Mar 1, 2016
Sold by
Rosol Marilyn and Rosol Stella
Bought by
Sajewski Jon H
Seller's Agent
John Faarup
Michigan United Realty
Buyer's Agent
Carrie Symonds
Berkshire Hathaway HomeServices Kee Realty
List Price
$95,000
Sold Price
$93,000
Premium/Discount to List
-$2,000
-2.11%
Current Estimated Value
$196,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,228
Avg. Annual Appreciation
8.22%
Original Mortgage
$70,000
Outstanding Balance
$56,878
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$139,186

Purchase Details

Closed on
Jun 15, 2015
Sold by
Rosol Stella and Rosol Marilyn
Bought by
Rosol Stella and Rosol Marilyn

Purchase Details

Closed on
Aug 1, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Rosol Stella and Rosol Marilyn

Purchase Details

Closed on
Dec 1, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
May 25, 2010
Sold by
Chirico Joseph
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Apr 15, 2002
Sold by
Schutte Patrick S
Bought by
Chirico Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,090
Interest Rate
7.18%

Purchase Details

Closed on
Aug 23, 2000
Sold by
Mastin Philip O
Bought by
Schutte Patrick S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
8.15%
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
Sajewski Jon H $93,000 Reputation First Title Agenc
Rosol Stella -- None Available
Rosol Stella $57,110 None Available
The Secretary Of Housing & Urban Develop -- None Available
Bac Home Loans Servicing Lp $107,306 None Available
Chirico Joseph $115,000 --
Schutte Patrick S $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sajewski Jon H $70,000
Previous Owner Chirico Joseph $16,200
Previous Owner Chirico Joseph $13,900
Previous Owner Chirico Joseph $111,333
Previous Owner Chirico Joseph $114,090
Previous Owner Schutte Patrick S $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $93,000 -2.1% $85 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $95,000 -- $87 / 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 $2,135 $75,200 $0 $0
2023 $2,042 $70,080 $0 $0
2022 $2,578 $67,980 $0 $0
2021 $2,449 $63,140 $0 $0
2020 $1,902 $59,320 $0 $0
2019 $2,470 $55,300 $0 $0
2018 $2,448 $48,120 $0 $0
2017 $1,575 $45,320 $0 $0
2016 $739 $39,380 $0 $0
2015 -- $32,730 $0 $0
2014 -- $25,380 $0 $0
2011 -- $29,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Faarup

    Michigan United Realty

    (248) 798-8144

    14 Total Sales

    Section Image
  • Carrie Symonds

    Buyer's Agent in 2016

    Carrie Symonds

    Berkshire Hathaway HomeServices Kee Realty

    (248) 462-3145

    59 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 216000788

Realcomp

APN: 15-11-351-042

Michigan Oakland County Rochester 48307

501 E University Dr Unit 107, Rochester, MI

This home is located at 501 E University Dr Unit 107, Rochester, MI 48307 since 04 January 2016 and is currently estimated at $198,791, approximately $182 per square foot. This property was built in 1966. 501 E University Dr Unit 107 is a home located in Oakland County with nearby schools including North Hill Elementary School, Hart Middle School, and Stoney Creek High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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