NOT LISTED FOR SALE

5576 Cheltenham Dr Troy, MI 48098

Estimated Value: $577,511 - $636,000

3 Beds
3 Baths
2,244 Sq Ft
$266/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $550,000 $245 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,877/month

6 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Wet Bar
  • Hamilton Elementary School Rated A+
  • 2 Car Direct Access Garage
  • Forced Air Heating and Cooling System

About This Home

As of February 2024

January 3rd 1 pm Highest and Best. Immediate occupancy! West Troy 3 bedroom, 3 bath ranch with brand new roof in popular Chelsea Village. Hamilton Elementary, Boulan Middle, Troy High school. Large great room with cathedral ceiling, fireplace opens to dining area with wet bar. Spacious kitchen with eating area, new gas cooktop, vented fan, refrigerator, oven, microwave. Sunroom off kitchen could be office area or additional eating area. Deluxe master suite with large, remodeled bath area, 2 sinks, 2 walk in closets. Hall bath remodeled with two sinks and granite. Hardwood flooring in great room, dining, hallway and bedrooms. Tile in foyer, kitchen, sunroom and baths. Windows in hall bath and bedrooms approx. 3 years. Huge finished basement with 3rd bath. 1 year First American Home Warranty.

Last Agent to Sell the Property

Karen Wilson

Real Estate One-Rochester License #6501242185 Listed on: 12/31/2023

Real Estate One-Rochester

Last Buyer's Agent

Anand Duraisamy

Powell Real Estate License #6501429292

Powell Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1985

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 90.00x152.00
  • Sprinkler System

HOA Fees

  • $7 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2,244 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Finished Basement
  • Sump Pump

Kitchen

  • Built-In Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2008157003
  • $3,300 Seller Concession

Community Details

Overview

  • Jennifer Needham Association, Phone Number (248) 888-5050
  • Chelsea Village Sub No 2 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,057

Year Built

Built in 1985

Lot Details

0

HOA Fees

$7 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Warranty: Yes
  • Year Built: 1985
  • State Equalized Value: 202270.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Furnished - No, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Built-In Electric Oven, Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Washer
  • Sq Ft Combined: 3244
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 2244
  • Sq Ft Total Bsmt: 1122

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Construction Features: Platted Sub.
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 90
  • Porch Type: Porch - Covered, Patio, Porch, Patio - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: E

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), 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 Frequency: Annually
  • Phone: 2488885050
  • Association Fee: 85
  • Association Contact: Jennifer Needham
  • Association Fee: Yes

Schools

  • School District: Troy

Lot Info

  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.32
  • Lot Dimensions: 90.00X152.00
  • Parcel Number: 2008157003

Tax Info

  • Tax Amount Summer: 7487.0000
  • Tax Amount Winter: 2570.0000
  • Total Tax: 10057.0000
  • Taxable Value: 200590.0000

MLS Schools

  • School District: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2023
Closed on
Feb 1, 2024
Sold by
Vinnyone Llc
Bought by
Shaumugam Shankar and Shankar Sangeetha
Seller's Agent
Karen Wilson
Real Estate One-Rochester
Buyer's Agent
Anand Duraisamy
Powell Real Estate
List Price
$534,900
Sold Price
$550,000
Premium/Discount to List
$15,100
2.82%
Views
153
Current Estimated Value
$597,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,628
Avg. Annual Appreciation
2.94%
Original Mortgage
$522,500
Outstanding Balance
$515,803
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$59,115

Purchase Details

Closed on
Jan 28, 2022
Sold by
Muthukrishnan and Rajalaksh
Bought by
Vinnyone Llc

Purchase Details

Listed on
Jan 5, 2016
Closed on
Feb 24, 2016
Sold by
Lawrence William B and Williams Lawrence Darnice A
Bought by
Muthukrishman Vijayaraghavan and Padmanaban Rajalakshmi
Seller's Agent
Tomomi Ishigami
Trowbridge Realty
Buyer's Agent
Ming Goh
KW Domain
List Price
$359,900
Sold Price
$325,000
Premium/Discount to List
-$34,900
-9.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$308,750
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2013
Sold by
Lawrence William B and Williams Lawrence Darnice A
Bought by
Lawrence William B and Williams Lawrence Darnice A

Purchase Details

Closed on
Oct 17, 2006
Sold by
Lawrence William B and Williams Lawrence Darnice A
Bought by
Lawrence William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
6.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 13, 1994
Sold by
Leroy Donald A
Bought by
William B Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.55%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shaumugam Shankar $550,000 Capital Title
Vinnyone Llc -- None Listed On Document
Muthukrishman Vijayaraghavan $325,000 First American Title Ins Co
Lawrence William B -- None Available
Lawrence William B -- None Available
William B Lawrence $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanmugam Shankar $522,500
Previous Owner Muthukrishnan Vijayaraghavan $357,000
Previous Owner Muthukrishnan Vijayaraghavan $265,000
Previous Owner Muthukrishman Vijayaraghavan $308,750
Previous Owner Lawrence William Bernard $123,950
Previous Owner Lawrence William B $142,800
Previous Owner Lawrence William B $114,000
Previous Owner William B Lawrence $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $550,000 +2.8% $245 / Sq Ft
01/07/2024 01/07/24 Pending -- -- --
12/31/2023 12/31/23 For Sale $534,900 0.0% $238 / Sq Ft
10/08/2021 10/08/21 Rented $2,795 0.0% --
10/08/2021 10/08/21 Under Contract -- -- --
09/22/2021 09/22/21 For Rent $2,795 0.0% --
02/24/2016 02/24/16 Sold $325,000 -9.7% $145 / Sq Ft
01/19/2016 01/19/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $359,900 -- $160 / 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
2022 $6,223 $200,290 $0 $0
2015 $7,968 $170,550 $0 $0
2014 -- $157,280 $0 $0
2011 -- $120,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230105947

Realcomp

APN: 20-08-157-003