NOT LISTED FOR SALE

547 Merritt Ln Birmingham, MI 48009

Estimated Value: $1,077,000 - $1,382,000

4 Beds
5.5 Baths
3,200 Sq Ft
$391/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $975,000 $305 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,146/month

12 Days on Market

Highlights

  • Built-In Refrigerator
  • Cape Cod Architecture
  • Covered Patio or Porch
  • Pierce Elementary School Rated A
  • No HOA
  • Stainless Steel Appliances

About This Home

As of March 2021

This is the one you've been waiting for. A stunning Cape Cod with an enormous covered porch in the highly sought after Midvale neighborhood. From the moment you enter into the 2 story foyer, it will take your breath away. The open floor plan offers so much from the elegant kitchen with the big daddy Thermador range, a built-in wine fridge, huge island with second sink, to the cozy fireplace in the adjacent dining area. Natural light beams through the vaulted family room from 2 story windows overlooking the private back patio. All four bedrooms include en-suites along with a second-floor laundry. Master suite includes a private balcony and large walk-in closet. Finished basement with another bedroom suite and great storage. Mudroom with built-in storage, heated floors and easy access to professionally landscaped backyard and garage.

Last Agent to Sell the Property

Logan Wert

DOBI Real Estate License #6501360029 Listed on: 02/02/2021

DOBI Real Estate

Last Buyer's Agent

Renee Lossia Acho

KW Domain License #6501305857

KW Domain

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1953 | Remodeled in 2005

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60.00x124.00
  • Fenced

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Gas Fireplace
  • Dining Room with Fireplace
  • Partially Finished Basement
  • Natural lighting in basement
  • Security System Leased

Kitchen

  • Built-In Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Built-In Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1935201030
  • $12,500 Seller Concession

Community Details

Overview

  • No Home Owners Association
  • Merritt Homes Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,394

Year Built

Built in 1953 | Remodeled in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Cape Cod, Colonial
  • Architecture Level: 2 Story
  • Year Built: 1953
  • State Equalized Value: 370990.0000
  • Year Renovated: 2005
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Programmable Thermostat, Security Alarm (rented)
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Dining Room
  • Room Count: 15
  • Total Bedrooms: 4
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Partially Finished
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Exhaust Fan, Built-In Gas Range, Range Hood, Built-In Refrigerator, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 4100
  • Sq Ft Lower Floor: 900
  • Total Sq Ft: 3200
  • Sq Ft Total Bsmt: 1264

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 60
  • Porch Type: Balcony, Patio, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: 2+ Assigned Spaces, Detached, Door Opener
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: 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: Birmingham

Lot Info

  • Homestead: Yes
  • List Price per Acre: 5882347.0588
  • Lot Size Area: 0.17
  • Lot Dimensions: 60.00X124.00
  • Parcel Number: 1935201030

Tax Info

  • Tax Amount Summer: 13464.0000
  • Tax Amount Winter: 1930.0000
  • Total Tax: 15394.0000
  • Taxable Value: 370680.0000

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Mar 19, 2021
Sold by
Deroven Rachel Leemis and Deroven Robert
Bought by
Kory Olivia and Berkley Joshua
Seller's Agent
Logan Wert
DOBI Real Estate
Buyer's Agent
Renee Lossia Acho
KW Domain
List Price
$999,999
Sold Price
$975,000
Premium/Discount to List
-$24,999
-2.5%
Current Estimated Value
$1,251,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,693
Avg. Annual Appreciation
4.90%
Original Mortgage
$780,000
Outstanding Balance
$712,829
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$496,113

Purchase Details

Closed on
Apr 27, 2020
Sold by
Deroven Robert
Bought by
Deroven Robert and Deroven Rachel Leemis

Purchase Details

Closed on
Apr 22, 2020
Sold by
Leemis Terrari R
Bought by
Deroven Robert

Purchase Details

Listed on
Mar 22, 2018
Closed on
Jun 6, 2018
Sold by
Lowman Patrick and Lowman Courtney
Bought by
Deroven Robert and Leemis Terran R
Seller's Agent
Marlo Scott
KW Domain
Buyer's Agent
Logan Wert
DOBI Real Estate
List Price
$889,000
Sold Price
$850,000
Premium/Discount to List
-$39,000
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Vanvoorhis Thomas C and Vanvoorhis Annemarie
Bought by
Lowman Patrick and Lowman Courtney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving
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
Kory Olivia -- Legacy Title Agency
Deroven Robert -- None Available
Deroven Robert -- None Available
Deroven Robert $50,000 None Available
Lowman Patrick $315,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berkley Joshua $780,000
Previous Owner Deroven Robert $550,000
Previous Owner Lowman Courtney $496,400
Previous Owner Lowman Patrick $250,000
Previous Owner Lowman Patrick $100,000
Previous Owner Lowman Patrick $600,000
Previous Owner Lowman Patrick $63,000
Previous Owner Lowman Patrick $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $975,000 -2.5% $305 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $999,999 +17.6% $312 / Sq Ft
06/06/2018 06/06/18 Sold $850,000 -4.4% $266 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
03/22/2018 03/22/18 For Sale $889,000 -- $278 / 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 $17,722 $435,890 $0 $0
2023 $18,070 $443,550 $0 $0
2022 $22,732 $440,830 $0 $0
2021 $15,112 $383,900 $0 $0
2020 $13,464 $370,990 $0 $0
2019 $15,237 $363,770 $0 $0
2018 $8,194 $288,370 $0 $0
2017 $8,180 $281,430 $0 $0
2016 $8,195 $274,250 $0 $0
2015 -- $264,720 $0 $0
2014 -- $231,130 $0 $0
2011 -- $169,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210003929

Realcomp

APN: 19-35-201-030