NOT LISTED FOR SALE

550 W Brown St Unit PHOUSE Birmingham, MI 48009

Estimated Value: $2,013,000 - $2,803,000

3 Beds
2 Baths
4,000 Sq Ft
2001 Built

Highlights

  • Furnished
  • Ground Level Unit
  • No HOA
  • Pierce Elementary School Rated A
  • Terrace
  • 5-minute walk to Shain Park

About This Home

As of March 2021

LEASE THIS FURNISHED DOWNTOWN BIRMINGHAM PENTHOUSE WITH OLD WORLD CHARM & STYLING! FEATURES INCUDE ~4,000 SQFT OF LIVING SPACE WITH 3 BEDROOMS & 2 BATHS. GRACIOUS LIVING ROOM W/LIMESTONE FIREPLACE. LARGE FORMAL DINING ROOM W/CROWN MOLDING. CUSTOM KITCHEN W/GRANITE COUNTERS & STAINLESS APPLIANCES. MASTER SUITE W/2 WALK-IN-CLOSETS, EURO STYLE MASTER BATH W/SHOWER & TUB. IN-UNIT LAUNDRY. 2 CAR ATTACHED GARAGE. SECURED BUILDING W/ELEVATOR, CONTROL 4 & SONOS SYSTEM T/O. ENORMOUS PRIVATE TERRACE W/DOUBLE FRENCH DOORS OFF EXERCISE ROOM. SHORT TERM & CORPORATE LEASES NEGOTIABLE. DISH WARE & LINENS INCLUDED. NO PETS & NO SMOKING. MINIMUM CREDIT SCORE OF 700, EMPLOYMENT VERIFICATION TO BE SUBMITTED WITH LEASE APPLICATION. 1.5 MONTHS SECURITY DEPOSIT, 1ST MONTHS RENT & $500.00 NON-REFUNDABLE CLEANING FEE DUE AT SIGNING. BROKER/OWNER. I.D.R.B.N.G.

Last Agent to Rent the Property

Tushar Vakhariya

KW Domain License #6501279268 Listed on: 02/23/2021

KW Domain

Last Renter's Agent

Renee Lossia Acho

KW Domain License #6501305857

KW Domain

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,825

Year Built

  • Built in 2001 | Remodeled in 2019

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting

Utilities

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

Additional Features

  • Sprinkler System
  • Ground Level Unit

Listing and Financial Details

  • Security Deposit $22,500
  • 12 Month Lease Term
  • Negotiable Lease Term
  • Application Fee: 30.00
  • Assessor Parcel Number 1936135017

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Lobby

Condo Details

Home Type

Condominium

Est. Annual Taxes

$31,825

Year Built

Built in 2001 | Remodeled in 2019

Lot Details

0

Rental Info

  • Application Fee: 30.00
  • Lease Type: Condominium
  • Rent Includes: Snow Removal, Yard Maintenance
  • Security Deposit: 22500.00
  • Tenant Amenities: Laundry In-Unit

Listing Details

  • Property Type: Condominium
  • Architecture Style: Common Entry Building
  • Architecture Level: 1 Story
  • Year Built: 2001
  • Year Renovated: 2019
  • Entry Location: Ground Level
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Elevator/Lift, Furnished - Yes, Intercom, Programmable Thermostat, Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Living Room
  • Room Count: 10
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 4000
  • Total Sq Ft: 4000

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick, Stone
  • Exclusions: Yes
  • Exterior Features: Grounds Maintenance, Lighting
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Terrace
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Door Opener, Electricity
  • Garage: Yes
  • MF Parking: Assigned Spaces, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Baseboard, 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

Fee Information

  • Additional Fee: 500.00

Schools

  • School District: Birmingham

Lot Info

  • Lot Features: Sprinkler(s)
  • Parcel Number: 1936135017

Multi Family

  • Length of Lease: 11 Months Or Less, 12 Months, Negotiable

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
$2,313,943

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
$713,786
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,600,157

Purchase Details

Closed on
Mar 30, 2018
Sold by
Broadstree Avenue Investments
Bought by
550 West Brown Llc

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:

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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 $345,000
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 Change Sq Ft Price
03/26/2021 03/26/21 Rented $15,000 0.0% --
02/23/2021 02/23/21 For Rent $15,000 0.0% --
08/30/2019 08/30/19 Rented $15,000 0.0% --
08/29/2019 08/29/19 Under Contract -- -- --
08/15/2019 08/15/19 For Rent $15,000 -- --
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 $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: 2210011578

Realcomp

APN: 19-36-135-017