NOT LISTED FOR SALE

5685 Forman Dr Bloomfield Hills, MI 48301

Estimated Value: $1,466,000 - $2,718,688

4 Beds
3.5 Baths
3,530 Sq Ft
$566/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $2,495,000 $707 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $11,509/month

12 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Built-In Refrigerator
  • Stainless Steel Appliances
  • Conant Elementary School Rated A
  • Ground Level Unit
  • 2.5 Car Direct Access Garage

About This Home

As of August 2022

Rare find! Completely updated mid-century modern home with careful consideration to authentic design elements - comparable to new construction! Overlooking quiet Wing Lake (electric motor only - no wake) on a rolling .67-acre parcel with 80' of frontage, this home offers the best of everything. Wonderful open-layout designed by Sanford Rossen / Irv Toboccman (Rossen was a protege of Yamasaki) features gorgeous lake views from nearly all rooms and is perfect for entertaining inside & out. Highlights of recent updates/upgrades include (but not limited to): Completely renovated kitchen, baths, and laundry room; New high-efficiency, low-e, argon gas casement windows, picture windows, and sliding glass doors by Marvin with upgraded invisible screens; New ceramic flooring and wool carpet throughout home; Added insulation; Refreshed landscaping with new hardscape and irrigation system added (60+ head system, pumped from lake - no water bill!); Dual re-built HVAC systems with Smart Nest Thermostats and Smoke/CO detectors; Repainted interior & exterior; Updated plumbing, gas, & electrical with whole-house generator; Garage with fresh epoxy floor, new garage door with Smart opener; Closets by Design in master suite; Power Hunter Douglas window blinds; & more. Kitchen features Italian cabinetry by Val Design installed by Euro-America with premium quartz countertops and Miele appliances. Smart Lighting features in kitchen, master bedroom, foyer, front bedroom suite. 4th Bedroom is a flex space currently used as office/den (wardrobe included with home sale). Perfect location with Bloomfield Hills Schools (walking distance to Bloomfield Hills Elementary & Middle School), close proximity to dining and shopping in Bloomfield/Franklin Village/Birmingham, and short commute to downtown Detroit, Metro Airport, etc. Home is situated on the north shore of Wing Lake, which is optimal for deeper boat access, southern light exposure, and both sunrises & sunsets over the water. House is about 30' above lake level.

Last Agent to Sell the Property

Michael Mason

The Agency Hall & Hunter License #6501344708 Listed on: 07/23/2022

The Agency Hall & Hunter

Last Buyer's Agent

Gwen Schultz

The Agency Hall & Hunter License #6504219812

The Agency Hall & Hunter

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1959 | Remodeled in 2022

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 80 x 460
  • 80 Feet of Waterfront
  • Lake Front
  • Sprinkler System

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Split Level Home
  • Quad-Level Property
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Rubber Roof
  • Cedar

Interior Spaces

  • 3,530 Sq Ft Home
  • Wet Bar
  • ENERGY STAR Qualified Windows
  • Family Room with Fireplace
  • Carbon Monoxide Detectors
  • Unfinished Basement

Kitchen

  • Built-In Electric Oven
  • Free-Standing Gas Range
  • Microwave
  • Built-In Refrigerator
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2.5 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Shed

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Dehumidifier
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Whole House Permanent Generator
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1929151016
  • $1,000 Seller Concession

Community Details

Overview

  • Treasurer: Laiwee Association
  • Forman's Wing Lake Sub Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,172

Year Built

Built in 1959 | Remodeled in 2022

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Split Level
  • Architecture Level: Quad-Level
  • Year Built: 1959
  • State Equalized Value: 487100.0000
  • Year Renovated: 2022
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s), Circuit Breakers, De-Humidifier, ENERGY STAR® Qualified Window(s), High Spd Internet Avail, Humidifier, Programmable Thermostat, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Room Count: 13
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Vented Exhaust Fan, Built-In Electric Oven, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 3530
  • Total Sq Ft: 3530
  • Sq Ft Total Bsmt: 927

Exterior Features

  • Roof Material: Rubber
  • Waterfront Name: Wing Lake
  • Waterfront: Yes
  • Foundation Details: Slab, Basement
  • Construction Materials: Brick, Cedar, Wood
  • Construction Features: Platted Sub.
  • Exterior Features: Whole House Generator
  • Foundation Materials: Block
  • Frontage Feet: 80
  • Porch Type: Patio
  • Road Frontage Type: Gravel
  • Water Frontage Feet: 80.00
  • Waterfront Description: Lake Front, Water Front

Garage/Parking

  • Garage Size: 2.5 Car
  • Garage Features: Direct Access, Electricity, Door Opener, 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)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: lwee@comcast.net
  • Association Fee: 350
  • Association Contact: Treasurer: Laiwee
  • Association Fee: Yes

Schools

  • School District: Bloomfield Hills

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.67
  • Lot Dimensions: 80 x 460
  • Parcel Number: 1929151016

Tax Info

  • Tax Amount Summer: 9305.0000
  • Tax Amount Winter: 8867.0000
  • Total Tax: 18172.0000
  • Taxable Value: 474810.0000

MLS Schools

  • School District: Bloomfield Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2022
Closed on
Aug 30, 2022
Sold by
Peter K Kassab Living Trust and Kassab Peter K
Bought by
Jonathan Thomas Nipper Revocable Trust
Seller's Agent
Michael Mason
The Agency Hall & Hunter
Buyer's Agent
Gwen Schultz
The Agency Hall & Hunter
List Price
$2,495,000
Sold Price
$2,495,000
Current Estimated Value
$1,996,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$498,437
Avg. Annual Appreciation
-7.44%
Original Mortgage
$1,871,250
Outstanding Balance
$1,796,885
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$171,078

Purchase Details

Listed on
Jan 12, 2018
Closed on
Mar 9, 2018
Sold by
Cantor Bernard Jack and Cantor Judith Levin
Bought by
Kassab Peter K and Peter K Kassab Living Trust
Seller's Agent
Rebecca Meisner
The Agency Hall & Hunter
Buyer's Agent
Michael Mason
Arterra Realty Michigan LLC
List Price
$1,075,000
Sold Price
$925,000
Premium/Discount to List
-$150,000
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.85%
Original Mortgage
$500,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Jonathan Thomas Nipper Revocable Trust $2,495,000 Sterling Title Agency
Jonathan Thomas Nipper Revocable Trust $2,495,000 Sterling Title Agency
Kassab Peter K $925,000 Bankers Title Settlement Ser
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jonathan Thomas Nipper Revocable Trust $1,871,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $2,495,000 0.0% $707 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/23/2022 07/23/22 For Sale $2,495,000 +169.7% $707 / Sq Ft
03/12/2018 03/12/18 Sold $925,000 -14.0% $273 / Sq Ft
01/28/2018 01/28/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $1,075,000 -- $317 / 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 $11,232 $608,420 $0 $0
2023 $10,869 $574,710 $0 $0
2022 $17,503 $469,010 $0 $0
2021 $18,172 $487,100 $0 $0
2020 $8,779 $461,460 $0 $0
2019 $17,301 $464,950 $0 $0
2018 $10,742 $462,500 $0 $0
2017 $10,665 $484,050 $0 $0
2016 $10,685 $478,760 $0 $0
2015 -- $451,240 $0 $0
2014 -- $362,390 $0 $0
2011 -- $257,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221020181

Realcomp

APN: 19-29-151-016