NOT LISTED FOR SALE

5561 Franklin Rd Bloomfield Hills, MI 48301

Estimated Value: $826,000 - $874,502

7 Beds
2.5 Baths
4,735 Sq Ft
$178/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $700,000 $148 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,979/month

264 Days on Market

Highlights

  • Beach Access
  • Lake Privileges
  • Ground Level Unit
  • Conant Elementary School Rated A
  • Ranch Style House
  • 1 Car Attached Garage

About This Home

As of May 2023

OPEN AND EXPANSIVE RANCH HOME ON OVER AN ACRE IN BEAUTIFUL BLOOMFIELD HILLS. CURRENTLY BEING USED AS A GROUP HOME. THIS HOME HAS ALMOST EVERY HANDICAP ACCESSIBLE FEATURE THAT YOU CAN IMAGINE. EXTRA WIDE HALLWAYS, BATHS AND ALL DOORWAYS. GREAT OPEN FLOOR PLAN WITH ENORMOUS LIVING AREA.THIS HOME HAS WING LAKE PRIVILEGES AND BEACH ACCESS.

Last Agent to Sell the Property

Daniel Beazley

Realty IQ License #6502417730 Listed on: 06/29/2022

Last Buyer's Agent

Greg Wolfe

Social House Real Estate Group LLC License #RCO-6501418991

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1956 | Remodeled in 1999

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 150 x 318 x 151 x 304

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • 4,735 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms

Accessible Home Design

  • Accessible Full Bathroom
  • Adaptable Bathroom Walls
  • Grip-Accessible Features
  • Accessible Bedroom
  • Accessible Common Area
  • Accessible Kitchen
  • Central Living Area
  • Accessible Hallway
  • Accessible Closets
  • Customized Wheelchair Accessible
  • Accessibility Features
  • Accessible Doors
  • Accessible Entrance

Outdoor Features

  • Beach Access
  • Lake Privileges

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Forman's Wing Lake Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1929101004

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,788

Year Built

Built in 1956 | Remodeled in 1999

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1956
  • State Equalized Value: 281730.0000
  • Year Renovated: 1999
  • Accessibility Features: Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Adaptable Bathroom Walls, Common Area, Customized Wheelchair Accessible, Grip-Accessible Features, Interior Disabled Facilities
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 14
  • Total Bedrooms: 7
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Sq Ft Combined: 4735
  • Total Sq Ft: 4735

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: WING LAKE
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 150
  • Road Frontage Type: Paved
  • Waterfront Description: Beach Access, Lake Privileges, Lake/River Priv

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Attached
  • 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)

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: 111-111-1111
  • Association Fee: 350
  • Association Fee: Yes

Schools

  • School District: Bloomfield Hills

Lot Info

  • Lot Size Area: 1.07
  • Lot Dimensions: 150 X 318 X 151 X 304
  • Parcel Number: 1929101004

Tax Info

  • Tax Amount Summer: 4965.0000
  • Tax Amount Winter: 4823.0000
  • Total Tax: 9788.0000
  • Taxable Value: 195130.0000

MLS Schools

  • School District: Bloomfield Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Apr 17, 2023
Sold by
Independence Holdings Llc
Bought by
Roberts Wilson
Seller's Agent
Daniel Beazley
Realty IQ
Buyer's Agent
Greg Wolfe
Social House Real Estate Group LLC
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Views
87
Current Estimated Value
$841,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,626
Avg. Annual Appreciation
7.80%
Original Mortgage
$665,000
Outstanding Balance
$648,294
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$190,521

Purchase Details

Closed on
Apr 29, 1999
Sold by
Shapiro Irving A
Bought by
Independence Holdings

Purchase Details

Closed on
Nov 14, 1997
Sold by
Lloyd Kenneth
Bought by
Shapiro Irving A

Purchase Details

Closed on
Dec 20, 1995
Sold by
Korpela Thomas M
Bought by
Lloyd Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.28%
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
Roberts Wilson $700,000 Reputation First Title
Roberts Wilson $700,000 Reputation First Title
Independence Holdings -- --
Shapiro Irving A -- --
Lloyd Kenneth $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Wilson $665,000
Closed Roberts Wilson $665,000
Previous Owner Lloyd Kenneth $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $700,000 -6.5% $148 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
06/29/2022 06/29/22 For Sale $749,000 -- $158 / 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 $6,063 $325,710 $0 $0
2023 $4,003 $306,650 $0 $0
2022 $10,053 $297,090 $0 $0
2021 $9,789 $281,730 $0 $0
2020 $4,728 $272,890 $0 $0
2019 $9,242 $242,870 $0 $0
2018 $9,008 $265,370 $0 $0
2017 $8,868 $260,420 $0 $0
2016 $8,840 $252,810 $0 $0
2015 -- $231,040 $0 $0
2014 -- $203,430 $0 $0
2011 -- $181,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Beazley

    Seller's Agent in 2023

    Daniel Beazley

    Realty IQ

    (313) 550-4862

    3 in this area

    83 Total Sales

    Daniel Beazley
    Section Image

  • G

    Buyer's Agent in 2023

    Greg Wolfe

    Social House Real Estate Group LLC

    (734) 751-4417

    1 in this area

    28 Total Sales

    Greg Wolfe
    Section Image
  • Gregory Wolfe

    Buyer's Agent in 2023

    Gregory Wolfe

    Social House Real Estate Group LLC

    (734) 751-4417

    1 in this area

    46 Total Sales

    Gregory Wolfe
    Section Image
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Map

Source: Realcomp

MLS Number: 20221012533

Realcomp

APN: 19-29-101-004

Michigan Oakland County Bloomfield Hills 48301

5561 Franklin Rd, Bloomfield Hills, MI

This home is located at 5561 Franklin Rd, Bloomfield Hills, MI 48301 since 29 June 2022 and is currently estimated at $841,626, approximately $177 per square foot. This property was built in 1956. 5561 Franklin Rd is a home located in Oakland County with nearby schools including Conant Elementary School, South Hills Middle School, and Bloomfield Hills 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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