$925,000
SOLD MAR 12, 2018

5685 Forman Dr Bloomfield Hills, MI 48301

5 Beds
3.5 Baths
3,392 Sq Ft
0.67 Acres

Recently Sold

$273 Per Sq Ft

14% Below List Price

16 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Contemporary Architecture
  • Patio
  • Conant Elementary School Rated A
  • 2 Car Direct Access Garage
  • Forced Air Heating and Cooling System

About This Home

As of August 2022

Authentic mid-century "modern" design graces this magnificent .67 acre rolling elevated landscape with 80 feet on quiet Wing Lake. This sophisticated lakefront home was designed by Sandy Rossen, who worked with Yamasaki, and was assisted by Irv Tobocccman to create this stunning masterpiece featuring an intelligent, thoughtfully designed space with extensive use of wood, slate, brick, skylights, gently vaulted ceilings, floating staircase, floor to ceiling windows, and a flexible floor plan. Amazing panoramic views of Wing Lake - Wonderful opportunity renovate, expand or re-build your dream home on this dream lot.

Last Agent to Sell the Property

Rebecca Meisner

The Agency Hall & Hunter License #6501221115 Listed on: 01/12/2018

The Agency Hall & Hunter

Last Buyer's Agent

Michael Mason

Arterra Realty Michigan LLC License #RCO-6501344708

Arterra Realty Michigan LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1959

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 80x80x460x460
  • 80 Feet of Waterfront
  • Lake Front

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Quad-Level Property
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 3,392 Sq Ft Home
  • Family Room with Fireplace
  • Water Views
  • Unfinished Basement

Kitchen

  • Microwave
  • ENERGY STAR Qualified Freezer
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Net Metering or Smart Meter
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Forman's Wing Lake Sub Subdivision
  • Swim Association

Listing and Financial Details

  • Assessor Parcel Number 1929151016

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,685

Year Built

Built in 1959

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Contemporary
  • Architecture Level: Quad-Level
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier, Utility Smart Meter
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Room Count: 16
  • Total Bedrooms: 5
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR® qualified freezer, ENERGY STAR® qualified refrigerator, Microwave, Range/Stove, Washer
  • Sq Ft Combined: 3392
  • Total Sq Ft: 3392
  • Sq Ft Total Bsmt: 927

Exterior Features

  • Roof Material: Asphalt, Rubber
  • Waterfront Name: Wing Lake
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 80
  • Porch Type: Patio
  • Road Frontage Type: Gravel
  • Water Frontage Feet: 80.00
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity
  • 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: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: 300
  • Association Fee: Yes

Schools

  • School District: Bloomfield Hills

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1604477.6119
  • Lot Features: Water View
  • Lot Size Area: 0.67
  • Lot Dimensions: 80x80x460x460
  • Parcel Number: 1929151016

Tax Info

  • Tax Amount Summer: 5358.0000
  • Tax Amount Winter: 5327.0000
  • Total Tax: 10685.0000

Multi Family

  • Waterfront Features: Swim Association

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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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 Type Sale Price Title Company
Warranty Deed $2,495,000 Sterling Title Agency
Warranty Deed $2,495,000 Sterling Title Agency
Warranty Deed $925,000 Bankers Title Settlement Ser
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,871,250 New Conventional
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: 218002606

Realcomp

APN: 19-29-151-016