NOT LISTED FOR SALE

5123 Forest Way Bloomfield Hills, MI 48302

Estimated Value: $762,000 - $859,000

4 Beds
5 Baths
2,844 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $735,000 $258 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,066/month

28 Days on Market

Highlights

  • Built-In Freezer
  • Colonial Architecture
  • Double Oven
  • Conant Elementary School Rated A
  • Ground Level Unit
  • Stainless Steel Appliances

About This Home

As of March 2023

Inviting, colonial style home with great curb appeal and coveted neighborhood location close to Conant Elementary and Bloomfield Hills Middle School. Tons of windows provide natural light filled spaces with new and beautifully refinished wood floors throughout. Gracious formal Dining Room and expansive Living Room with gas fireplace flank the entry foyer. Elegant guestpowder room. Outstanding casual spaces are the “Heart of the Home” with an open concept, updated kitchen, with large granite island and stainless-steel appliances which flows seamlesslyto the family room with natural fireplace. French doors provide access and gorgeous views of the patio, generous backyard and firepit – all perfect for outdoor entertaining. Entry level alsofeatures laundry/mud room with full bath. Four bedrooms, including the Primary Suite, occupy the upper level of the home. The Primary suite with walk-in closet, boasts an updated bathfeaturing oversized shower with bench-seating, and dual sinks with granite counter vanity. The outstanding, finished lower level is the ideal “hang-out” with luxury vinyl plank flooring, greatbuilt-in bar area and newly remodeled half bath. This immaculate home is move in ready!

Last Agent to Sell the Property

Meredith Colburn

The Agency Hall & Hunter License #6501264181 Listed on: 02/04/2023

The Agency Hall & Hunter

Last Buyer's Agent

Sonia Thomas

Century 21 Professionals Troy License #6501397654

Century 21 Professionals Troy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 147.00 x 149.00
  • Sprinkler System

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,844 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Attic Fan
  • Security System Owned

Kitchen

  • Double Oven
  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Freezer
  • Built-In Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Finished Basement

  • Sump Pump
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Patio
  • Ground Level Unit

Community Details

  • Woodlake Hills Association, Phone Number (248) 613-1561
  • Wood Lake Hills Subdivision
  • The community has rules related to fencing

Listing and Financial Details

  • Assessor Parcel Number 1920427005

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,835

Year Built

Built in 1965

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1965
  • State Equalized Value: 243320.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Fuel: Gas, Natural
  • Fireplace Locations: Family Room, Living Room
  • Room Count: 15
  • Total Bedrooms: 4
  • Total Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: ENERGY STAR® qualified dryer, ENERGY STAR® qualified washer, Built-In Freezer, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Electric Cooktop, Exhaust Fan, Microwave, Stainless Steel Appliance(s), Bar Fridge
  • Sq Ft Combined: 3294
  • Sq Ft Lower Floor: 450
  • Total Sq Ft: 2844
  • Sq Ft Total Bsmt: 986

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Brick, Vinyl
  • Construction Features: Platted Sub.
  • Foundation Materials: Block
  • Frontage Feet: 149
  • Porch Type: Patio
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Fencing: Fence Not Allowed

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Side Entrance, Door Opener, Attached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: 248-613-1561
  • Association Fee: 25
  • Association Contact: WoodLake Hills
  • Association Fee: Yes

Schools

  • School District: Bloomfield Hills

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.51
  • Lot Dimensions: 147.00 x 149.00
  • Parcel Number: 1920427005

Tax Info

  • Tax Amount Summer: 3496.0000
  • Tax Amount Winter: 3339.0000
  • Total Tax: 6835.0000
  • Taxable Value: 183160.0000

MLS Schools

  • School District: Bloomfield Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2023
Closed on
Mar 31, 2023
Sold by
Unknown
Bought by
Pedersen Erik J and Pedersen Nadia
Seller's Agent
Meredith Colburn
The Agency Hall & Hunter
Buyer's Agent
Sonia Thomas
Century 21 Professionals Troy
List Price
$749,000
Sold Price
$735,000
Premium/Discount to List
-$14,000
-1.87%
Views
103
Current Estimated Value
$816,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,228
Avg. Annual Appreciation
4.84%
Original Mortgage
$610,000
Outstanding Balance
$596,293
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$219,935

Purchase Details

Closed on
Nov 11, 2004
Sold by
Reinoehl Paul E and Reinoehl Barbara W
Bought by
Lorincz Steve C and Lorincz Heather A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Pedersen Erik J $735,000 Equity Title
Lorincz Steve C $475,000 Philip R Seaver Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedersen Erik J $610,000
Previous Owner Lorincz Heather $340,000
Previous Owner Lorincz Steve C $377,500
Previous Owner Lorincz Steve C $50,000
Previous Owner Reinoehl Paul E $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $735,000 -1.9% $258 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
02/04/2023 02/04/23 For Sale $749,000 -- $263 / 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 $6,412 $344,510 $0 $0
2023 $3,637 $284,330 $0 $0
2022 $6,835 $243,320 $0 $0
2021 $6,786 $234,730 $0 $0
2020 $3,327 $237,320 $0 $0
2019 $6,386 $242,790 $0 $0
2018 $6,415 $215,960 $0 $0
2017 $6,369 $203,890 $0 $0
2016 $6,381 $212,770 $0 $0
2015 -- $211,600 $0 $0
2014 -- $186,290 $0 $0
2011 -- $149,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230008267

Realcomp

APN: 19-20-427-005