NOT LISTED FOR SALE

525 E University Dr Unit 1005 Rochester, MI 48307

Estimated Value: $201,000 - $213,000

2 Beds
1 Bath
1,100 Sq Ft
$335/mo HOA Fee

Last Sold November 13, 2020

Last sale price $153,000 $139 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,599/month

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • North Hill Elementary School Rated A
  • Ceiling Fan
  • 2-minute walk to Rotary Gateway Park

About This Home

As of November 2020

Come home to this fantastic, fully updated downtown residence. Everything has been done for you with tasteful materials and cosmopolitan style, including new granite counter tops, new stainless appliances and new $7000 heating and cooling unit. Enjoy peace and privacy on the upper level and your own master suite with full bath and generous walk-in closet. Entertain in your formal dinning room or catch a bite to eat in your spacious eat-in kitchen. Bring a furry friend to join you, and tuck away all your extra possessions in your huge private 600 sq ft basement storage space. New high-end laundry appliances are also included in unit, so there is no need to take your laundry elsewhere. Enjoy all the appointments of modern living within walking distance of a vibrant downtown and rejuvenating nature trails. You are home.

Last Agent to Sell the Property

Daniel Lovell

Ironstone Realty License #MISPE-6502428262 Listed on: 09/10/2020

Co-Listed By

Michael White

Ironstone Realty License #MISPE-6501423589

Last Buyer's Agent

Stacy Parillo

Berkshire Hathaway HomeServices Michigan Real Esta License #RCO-6501413907

Berkshire Hathaway HomeServices Michigan Real Esta

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1966

Lot Details

  • 1,742

HOA Fees

  • $335 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • Ceiling Fan
  • Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Unassigned Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 68-15-11-351-131

Community Details

Overview

  • Association fees include lawn maintenance, snow removal, trash removal, water/sewer
  • A Condominium Management Company HOA
  • Maintained Community

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,844

Year Built

Built in 1966

Lot Details

0

HOA Fees

$335 per month

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Condominium
  • Architecture Style: Ranch
  • Structure Style: Condo/Ranch 2nd Flr Or Above
  • Total Tax Amount: 2844
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block
  • Bedrooms: 2
  • Bedroom 1: On Main Floor, Dimensions: 14 x 10
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On Main Floor, Dimensions: 11 x 13
  • Bedroom 2 Floor Covering: Carpet
  • Bathrooms Description: MstrBdrm Full Bathroom
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Bathroom 1: Dimensions: 5 x 6, On Level: Main, Flooring: Ceramic
  • Room Types: Master Bedroom, Master Bathroom
  • Dining Room: On Main Floor, Dimensions: 9 x 11
  • Dining Room Floor Covering: Laminate
  • Kitchen: On Main Floor, Dimensions: 14 x 9
  • Kitchen Features: Eat-In Kitchen, Formal Dining Room
  • Kitchen Floor Covering: Laminate
  • Living Room: On Main Floor, Dimensions: 11 x 19
  • Living Room Floor Covering: Laminate
  • Below Grade Sq Ft: 600
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1100
  • Total Finished Sq Ft: 1100

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Features: Sidewalks
  • Foundation: Basement
  • Road: City/County, Private Road

Garage/Parking

  • Parking: 1 Space, Unassigned/General
  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Condo/Co-op/Association

  • HOA Fee Includes: Lawn Maintenance, Snow Removal, Trash Removal, Water/Sewer
  • HOA Fees: 335
  • HOA Fee Frequency: Monthly
  • HOA Fee Includes: Water
  • Community Features: Grounds Maintenance, Laundry Facility, Pets-Allowed, Dogs Allowed, Cats Allowed
  • Association Contact: A Condominium Management Company
  • Association Phone: (248) 650-8983
  • Pets: Yes
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 68-15-11-351-131
  • Location: Main Street
  • Geo Subdivision: MI

Rental Info

  • Pets Allowed: Yes
  • Pet Restriction: Cats Allowed, Dogs Allowed

Tax Info

  • Summer Tax: Year: 2019, Amount: $2,162.00
  • Winter Tax: Year: 2019, Amount: $682.00
  • Total Tax: Amount: $2,844.00

MLS Schools

  • School District: Rochester Community School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Nov 13, 2020
Sold by
Wow Residential Properties Llc
Bought by
Backus Michael A
Seller's Agent
Daniel Lovell
Ironstone Realty
Buyer's Agent
Stacy Parillo
Berkshire Hathaway HomeServices Michigan Real Esta
List Price
$159,900
Sold Price
$153,000
Premium/Discount to List
-$6,900
-4.32%
Current Estimated Value
$206,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,593
Avg. Annual Appreciation
5.86%
Original Mortgage
$148,410
Outstanding Balance
$133,562
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$68,334

Purchase Details

Closed on
Jun 8, 2018
Sold by
Childs Scott P and Childs Wendy M
Bought by
Wow Residential Properties Llc

Purchase Details

Closed on
Dec 17, 1999
Sold by
Putz Paul L
Bought by
Childs Scott P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
7.81%
Source: Public Records

Range of Values:

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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
Backus Michael A $153,000 Ata National Title Group Llc
Backus Michael A $153,000 Ata National Title
Wow Residential Properties Llc $118,000 None Available
Childs Scott P $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Backus Michael A $148,410
Closed Backus Michael A $148,410
Previous Owner Childs Scott P $15,000
Previous Owner Childs Scott P $92,000
Previous Owner Childs Scott P $91,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $153,000 -1.2% $139 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
09/28/2020 09/28/20 Price Changed $154,900 -3.1% $141 / Sq Ft
09/10/2020 09/10/20 For Sale $159,900 -- $145 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,072 $74,270 $0 $0
2023 $1,984 $69,190 $0 $0
2022 $2,111 $67,100 $0 $0
2021 $1,983 $62,290 $0 $0
2020 $2,190 $58,490 $0 $0
2019 $2,844 $54,540 $0 $0
2018 $1,166 $47,210 $0 $0
2017 $1,143 $44,460 $0 $0
2016 $1,115 $38,630 $0 $0
2015 -- $32,120 $0 $0
2014 -- $24,930 $0 $0
2011 -- $29,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Lovell

    Seller's Agent in 2020

    Daniel Lovell

    Ironstone Realty

    (586) 354-6347

    1 in this area

    124 Total Sales

    Daniel Lovell
    Section Image
  • Michael White

    Seller Co-Listing Agent in 2020

    Michael White

    Ironstone Realty

    (586) 822-2448

    1 in this area

    5 Total Sales

    Michael White
    Section Image

  • S

    Buyer's Agent in 2020

    Stacy Parillo

    Berkshire Hathaway HomeServices Michigan Real Esta

    (248) 318-7141

    1 in this area

    47 Total Sales

    Stacy Parillo
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50023381

Michigan Multiple Listing Service

APN: 15-11-351-131

Michigan Oakland County Rochester 48307

525 E University Dr Unit 1005, Rochester, MI

This home is located at 525 E University Dr Unit 1005, Rochester, MI 48307 since 10 September 2020 and is currently estimated at $206,593, approximately $187 per square foot. This property was built in 1966. 525 E University Dr Unit 1005 is a home located in Oakland County with nearby schools including North Hill Elementary School, Hart Middle School, and Stoney Creek High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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