NOT LISTED FOR SALE

506 Cambridge Way Bloomfield Hills, MI 48304

Estimated Value: $785,000 - $871,000

3 Beds
3 Baths
2,231 Sq Ft
$659/mo HOA Fee

Last Sold September 01, 2022

Last sale price $785,000 $352 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,579/month

1 Day on Market

Highlights

  • Built-In Refrigerator
  • Ranch Style House
  • Covered Patio or Porch
  • Eastover Elementary School Rated A
  • Wine Refrigerator
  • Double Oven

About This Home

As of September 2022

Desirable Ashleigh model ranch condo in The Heathers. Custom gourmet kitchen with high end appliances, quartz countertops and two built in wine coolers. This condo features an open floor plan with Cherry hardwood floors and a lovely atrium. Fabulous water views. The first floor primary en-suite has a totally updated, barrier free bathroom. Finished lower level walkout with generous second living area as well as a fully updated full bath and a spacious third bedroom. Lower level also contains large workshop and office/studio with many built in cabinets and halogen lighting. Enjoy sitting outdoors with views of the water on the first floor deck or the lower level patio. All measurements approximate. Statues in atrium and outside front door under tree excluded. Sellers related to listing agent. Minimum 2 hours notice to show

Last Agent to Sell the Property

Julie Borruso

Real Estate One License #6501412433 Listed on: 08/13/2022

Real Estate One

Last Buyer's Agent

Christine Lynn

The Agency Hall & Hunter License #6501379983

The Agency Hall & Hunter

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1990

Lot Details

  • 1

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Cedar

Interior Spaces

  • 2,231 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Double Oven
  • Gas Cooktop
  • Built-In Refrigerator
  • Dishwasher
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Fireplace in Basement

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 1902478035

Community Details

Overview

  • Mcshane Management Association, Phone Number (248) 785-4407
  • Cambridge Village Occpn 535 Subdivision

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,268

Year Built

Built in 1990

Lot Details

0

HOA Fees

$659 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1990
  • State Equalized Value: 276120.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Locations: Basement, Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished, Walkout Access
  • Kitchen Appliances: Built-In Refrigerator, Dishwasher, Double Oven, Dryer, Gas Cooktop, Washer, Wine Refrigerator
  • Total Sq Ft: 2231

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Cedar
  • Foundation Materials: Poured
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: 248-785-4407/ andrew@mcshanemanagement.com
  • Association Fee: 659
  • Association Contact: McShane Management
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Parcel Number: 1902478035

Tax Info

  • Tax Amount Summer: 4746.0000
  • Tax Amount Winter: 4522.0000
  • Total Tax: 9268.0000
  • Taxable Value: 242160.0000

MLS Schools

  • School District: Bloomfield Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2022
Closed on
Sep 1, 2022
Sold by
Rorruso Joseph V and Rorruso Elaine C
Bought by
Pippel D David D and Pippel Joyce A
Seller's Agent
Julie Borruso
Real Estate One
Buyer's Agent
Christine Lynn
The Agency Hall & Hunter
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%
Current Estimated Value
$828,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,355
Avg. Annual Appreciation
1.67%

Purchase Details

Listed on
Oct 28, 2013
Closed on
Dec 20, 2013
Sold by
The Robert G Siefert Trust
Bought by
Borruso Joseph and Borruso Elaine C
Seller's Agent
Kathleen Robinson
Max Broock, REALTORS®-Bloomfield Hills
Buyer's Agent
Nancy Karas
Max Broock, REALTORS®-Bloomfield Hills
List Price
$475,000
Sold Price
$445,000
Premium/Discount to List
-$30,000
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$417,000
Interest Rate
3.47%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 13, 2003
Sold by
Siefert Robert G and Siefert Betty L
Bought by
Siefert Robert G and The Robert G Siefert Trust

Purchase Details

Closed on
May 11, 1998
Sold by
Bain Colin J
Bought by
Robert G Siefert Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pippel D David D $785,000 --
Borruso Joseph $445,000 Capital Title Ins Agency
Siefert Robert G -- --
Siefert Robert G -- --
Robert G Siefert Tr $490,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borruso Joseph $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2022 09/01/22 Sold $785,000 +1.3% $352 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $775,000 +74.2% $347 / Sq Ft
12/20/2013 12/20/13 Sold $445,000 -6.3% $199 / Sq Ft View Prior Sale
10/31/2013 10/31/13 Pending -- -- --
10/28/2013 10/28/13 For Sale $475,000 -- $213 / 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 $6,698 $380,730 $0 $0
2023 $6,482 $342,710 $0 $0
2022 $9,335 $278,590 $0 $0
2021 $9,268 $276,120 $0 $0
2020 $4,543 $265,590 $0 $0
2019 $8,721 $266,810 $0 $0
2018 $8,761 $259,320 $0 $0
2017 $8,698 $224,180 $0 $0
2016 $8,493 $257,000 $0 $0
2015 -- $244,440 $0 $0
2014 -- $225,170 $0 $0
2011 -- $181,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221030311

Realcomp

APN: 19-02-478-035