NOT LISTED FOR SALE

515 Oak St Milford, MI 48381

Estimated Value: $332,000 - $399,000

3 Beds
1.5 Baths
1,097 Sq Ft
$333/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $350,000 $319 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,457/month

17 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Enclosed Patio or Porch
  • Pole Barn
  • 6 Car Detached Garage
  • Attic Fan

About This Home

As of October 2022

THIS UNIQUE PROPERTY IS ONLY ONE BLOCK FROM DOWNTOWN MILFORD. SPECTACULAR HOME AND PROFESSIONAL WORKSHOP THAT IS ZONED RESIDENTIAL AND LIGHT INDUSTRIAL! This brick colonial with 1,000+ finished square feet has the old-world charm you are looking for, including an enclosed porch. 9’ ceilings in the entry level. Eye catching hardwood floors and tons of natural light throughout. Living room with built in shelving. Dining room. Updated kitchen with stunning quartz countertops and maple cabinetry. Bedroom, full bath and laundry room complete the entry level. Two bedrooms, including primary bedroom, half bath and bonus room upstairs. Storage galore in the basement. One car garage (18’x17’) attached to the professional workshop (42’x30’ total) with office (10’x15’). Workshop (12’ ceilings) has its own meters (220V electrical), heating and air conditioning along with a separate entrance off of Commerce Road. Bay 1 (17’x30’). Bay 2 (30’25’) with expansive sliding barn door and oversized garage door. Additional parking pad is located next to the workshop. Opportunities are endless with this home, workshop and location; walking distance to Downtown Milford restaurants/shopping and a short drive to the GM Proving Grounds, Kensington, and I-96 / Milford Road inter change. *Workshop tables, hoists, lifts, and additional lighting are negotiable*

Last Agent to Sell the Property

Christine Atkinson

EXP Realty Main License #6501246509 Listed on: 08/26/2022

EXP Realty Main

Co-Listed By

Hannah Atkinson

EXP Realty Main License #6501425877

Last Buyer's Agent

Christine Atkinson

EXP Realty Main License #6501246509 Listed on: 08/26/2022

EXP Realty Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1901 | Remodeled in 2022

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 66x134x135x11x201x144
  • Irregular Lot
  • Cleared Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 1,097 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Attic Fan
  • Carbon Monoxide Detectors
  • Unfinished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 6 Car Detached Garage
  • Workshop in Garage
  • Garage Door Opener

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Pole Barn

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1610227019

Community Details

Overview

  • No Home Owners Association
  • Phelps Add Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,312

Year Built

Built in 1901 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 1 1/2 Story
  • Year Built: 1901
  • State Equalized Value: 95340.0000
  • Year Renovated: 2022
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Smoke Alarm, 100 Amp Service, 220 Volts, Cable Available, Carbon Monoxide Alarm(s), Circuit Breakers, High Spd Internet Avail, Furnished - No
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal
  • Sq Ft Combined: 1097
  • Total Sq Ft: 1097
  • Sq Ft Total Bsmt: 756

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Construction Features: Platted Sub.
  • Exterior Features: Lighting
  • Foundation Materials: Block, Stone
  • Frontage Feet: 66
  • Porch Type: Porch - Enclosed, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car, 6 or More
  • Garage Features: Electricity, Door Opener, Workshop, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Attic Fan, Ceiling Fan(s), 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: Huron Valley

Lot Info

  • Homestead: Yes
  • Lot Features: Cleared, Irregular, Vacation Home
  • Lot Size Area: 0.23
  • Lot Dimensions: 66x134x135x11x201x144
  • Parcel Number: 1610227019

Tax Info

  • Tax Amount Summer: 3662.0000
  • Tax Amount Winter: 650.0000
  • Total Tax: 4312.0000
  • Taxable Value: 74150.0000

MLS Schools

  • School District: Huron Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Oct 14, 2022
Sold by
Salmeto Theodore M and Salmeto Karoline M
Bought by
Fransted Joseph M
Seller's Agent
Christine Atkinson
EXP Realty Main
Buyer's Agent
Christine Atkinson
EXP Realty Main
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Views
31
Current Estimated Value
$365,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,471
Avg. Annual Appreciation
0.29%
Original Mortgage
$252,750
Outstanding Balance
$244,467
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$108,484

Purchase Details

Closed on
Sep 22, 1998
Sold by
Howland Steven M
Bought by
Salmeto Theodore M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.9%

Purchase Details

Closed on
Oct 30, 1996
Sold by
Covietz Helen Margaret
Bought by
Howland Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,900
Interest Rate
7.54%
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
Fransted Joseph M $350,000 --
Salmeto Theodore M $165,000 --
Howland Steven M $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fransted Joseph M $252,750
Previous Owner Salmeto Theodore $50,000
Previous Owner Salmeto Theodore M $91,332
Previous Owner Salmeto Theodore M $100,000
Previous Owner Howland Steven M $97,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $350,000 0.0% $319 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $349,900 -- $319 / 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 $5,595 $118,620 $0 $0
2023 $5,348 $107,500 $0 $0
2022 $4,706 $99,390 $0 $0
2021 $2,041 $95,340 $0 $0
2020 $3,635 $93,310 $0 $0
2019 $3,517 $90,250 $0 $0
2018 $3,462 $86,380 $0 $0
2017 $1,307 $86,380 $0 $0
2016 $4,115 $81,210 $0 $0
2015 -- $75,730 $0 $0
2014 -- $66,780 $0 $0
2011 -- $69,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221034194

Realcomp

APN: 16-10-227-019