NOT LISTED FOR SALE

5840 Faircastle Dr Troy, MI 48098

Estimated Value: $505,227 - $524,000

4 Beds
3 Baths
2,050 Sq Ft
$251/Sq Ft Est. Value

About This Home

This home is located at 5840 Faircastle Dr, Troy, MI 48098 and is currently estimated at $514,057, approximately $250 per square foot. 5840 Faircastle Dr is a home located in Oakland County with nearby schools including Hamilton Elementary School, Boulan Park Middle School, and Troy High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2018
Sold by
Venugopal Ravi B and Venugopal Ravi Sri
Bought by
Ravi Srilakshmi and Venugopal Ravi B
Current Estimated Value
$514,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,686
Outstanding Balance
$118,588
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$373,587

Purchase Details

Closed on
Aug 30, 2001
Sold by
Sastry Hanasoge
Bought by
Venugopal Ravi B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.62%
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.

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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.

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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.

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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.

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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
Ravi Srilakshmi -- None Available
Venugopal Ravi B $269,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ravi Srilakshmi $182,686
Closed Ravi Sri L $60,000
Closed Venugopal Ravi B $229,000
Previous Owner Venugopal Ravi B $40,500
Source: Public Records

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 $3,662 $161,430 $0 $0
2015 $3,841 $122,990 $0 $0
2014 -- $113,090 $0 $0
2011 -- $105,820 $0 $0
Source: Public Records

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