NOT LISTED FOR SALE

550 W Brown St Unit 3 Birmingham, MI 48009

Estimated Value: $2,036,000 - $3,059,000

3 Beds
2 Baths
3,526 Sq Ft
1965 Built

Highlights

  • Ranch Style House
  • Terrace
  • Covered Patio or Porch
  • Pierce Elementary School Rated A
  • No HOA
  • 5-minute walk to Shain Park

About This Home

As of March 2018

Immediate occupancy for this luxurious in-town Birmingham penthouse with Old World charm & styling. This executive lease features over 3,500 sqft of living space with 3 bedrooms/2baths. Gracious living room with limestone fireplace. Custom wood paneled formal dining room. Kitchen with granite counters & custom cherry cabinetry. Master suite with 3 walk-in closets, granite bath with shower & tub, his & hers vanities & mini fridge. In-unit laundry. 2 car attached garage. Secured building w/elevator. Available furnished for $10,000 per/month. Short term lease negotiable. No pets/no smoking unit. Minimum credit score of 700, employment verification, & copy of ID to be submitted with lease application. 1.5 mo security deposit, 1st month's rent, & $300 non-refundable cleaning fee due at signing.

Last Agent to Rent the Property

Lanie Hardy Cosgrove

KW Domain License #6501261101 Listed on: 12/12/2017

KW Domain

Co-Listed By

Leslie Hardy

KW Domain License #6501327467

Last Renter's Agent

Adam Waechter

Hall & Hunter-Birmingham License #RCO-6502363093

Hall & Hunter-Birmingham

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1965 | Remodeled in 2001

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 3,526 Sq Ft Home
  • Bar Fridge
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Heated Garage
  • Garage Door Opener

Accessible Home Design

  • Disabled Access

Outdoor Features

  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Liquid Propane Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bird & Stanley Add Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Security Deposit $9,000
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Assessor Parcel Number 1936135017

Condo Details

Home Type

Condominium

Year Built

Built in 1965 | Remodeled in 2001

Lot Details

0 Sq Ft Lot

Rental Info

  • Lease Type: Condominium
  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Water/Sewer, Yard Maintenance
  • Security Deposit: 9000.00
  • Tenant Amenities: Laundry In-Unit

Listing Details

  • Property Type: Condominium
  • Architecture Style: Ranch
  • Architecture Level: 1 Story Up
  • Year Built: 1965
  • Year Renovated: 2001
  • Accessibility Features: Disabled Access
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Elevator/Lift, Intercom
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room, Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 3526

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick, Stone
  • Exterior Features: Grounds Maintenance, Lighting
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Terrace
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity, Heated
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: LP Gas/Propane
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: No

Lot Info

  • Parcel Number: 1936135017

Multi Family

  • Length of Lease: 12 Months, 13-24 Months, 25-36 Months

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2020
Sold by
550 West Brown Llc
Bought by
Vakhariya Tushar
Current Estimated Value
$2,426,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Outstanding Balance
$704,425
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,722,549

Purchase Details

Listed on
Dec 12, 2017
Closed on
Mar 30, 2018
Sold by
Broadstree Avenue Investments
Bought by
550 West Brown Llc
Seller's Agent
Lanie Hardy Cosgrove
KW Domain
Buyer's Agent
Adam Waechter
Hall & Hunter-Birmingham
Sold Price
$6,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 31, 2016
Sold by
Wineman Henry and The Virginia Hyman Living Trus
Bought by
Broadstreet Avenue Investments Llc

Purchase Details

Closed on
Feb 24, 2012
Sold by
Hyman Virginia and Leonard Hyman J
Bought by
Hyman Virginia and Virginia Hyman Living Trust

Purchase Details

Closed on
Sep 10, 2008
Sold by
Carone Hyman Peter and Carone Hyman
Bought by
Hyman J Leonard and Hyman Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.52%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 28, 2002
Sold by
550 Properties
Bought by
Hyman J L

Purchase Details

Closed on
Sep 4, 1998
Sold by
Hyman J Leonard
Bought by
Hyman J Leonard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vakhariya Tushar -- Hbi Title Services Inc
550 West Brown Llc $1,270,000 None Available
Broadstreet Avenue Investments Llc -- None Available
Hyman Virginia -- Attorney
Hyman J Leonard -- First American Els
Hyman J Leonard -- None Available
Hyman J L -- --
Hyman J Leonard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vakhariya Tushar $802,000
Closed 550 West Brown Llc $825,500
Previous Owner Hyman J Leonard $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2018 03/15/18 Rented $6,000 0.0% --
03/06/2018 03/06/18 Under Contract -- -- --
12/12/2017 12/12/17 For Rent $6,000 +118.2% --
02/01/2017 02/01/17 Rented $2,750 -50.0% --
01/24/2017 01/24/17 Under Contract -- -- --
01/16/2017 01/16/17 For Rent $5,500 -- --
Source: Realcomp

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
2025 $40,506 $975,660 $0 $0
2024 $31,825 $871,090 $0 $0
2023 $30,371 $745,480 $0 $0
2022 $37,033 $783,980 $0 $0
2021 $31,863 $737,500 $0 $0
2020 $29,951 $701,760 $0 $0
2019 $35,627 $672,840 $0 $0
2018 $33,299 $772,320 $0 $0
2017 $40,888 $766,130 $0 $0
2016 $25,916 $755,610 $0 $0
2015 -- $714,650 $0 $0
2014 -- $629,620 $0 $0
2011 -- $489,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217108993

Realcomp

APN: 19-36-135-017

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