NOT LISTED FOR SALE

862 Watkins St Birmingham, MI 48009

Estimated Value: $2,044,000 - $2,317,000

4 Beds
3.5 Baths
3,643 Sq Ft
$593/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,500,000 $412 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $13,872/month

35 Days on Market

Highlights

  • Colonial Architecture
  • Jetted Tub in Primary Bathroom
  • No HOA
  • Pierce Elementary School Rated A
  • Terrace
  • 3 Car Detached Garage

About This Home

As of August 2020

This custom gem is a work of art w/a pristinely manicured courtyard, exquisite gardens & covered rear porch w/built-in grill, gas lanterns + surround system for entertaining. A cedar roof, copper gutters, aggregate driveway & heated 3-car garage heighten curb appeal. Inside exceptional details abound, starting in the grand double-height foyer w/a towering window & sweeping staircase. A 3-floor elevator, custom solid wood doors, built-in sound, the list goes on. Elegant living spaces are enriched by rich wood floors & generous light. The magnificent eat-in kitchen opens to the formal DR w/fireplace & coffered ceilings. The chef has all the bells & whistles: custom cabinetry, SS Wolf & Sub-Zero appliances, built-in coffee maker, a pizza oven, butler’s pantry & wine cellar! A wood-paneled library, luxurious master suite w/sitting area, WIC & spa-inspired bath, generous guest suites, laundry, fin. LL w/a BR suite & gym + a prime downtown Birmingham location round out this rare offering.

Last Agent to Sell the Property

Dan Gutfreund

Signature Sotheby's International Realty Bham License #6501367800 Listed on: 05/20/2020

Signature Sotheby's International Realty Bham

Last Buyer's Agent

Dan Gutfreund

Signature Sotheby's International Realty Bham License #6501367800 Listed on: 05/20/2020

Signature Sotheby's International Realty Bham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2007

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 57.00x156.00
  • Fenced

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Wood Shingle Roof
  • Stone Siding
  • Masonry

Interior Spaces

  • 3,643 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Gas Fireplace
  • Dining Room with Fireplace
  • Finished Basement
  • Sump Pump
  • Security System Owned

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Terrace
  • 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

  • Assessor Parcel Number 1936155043

Community Details

Overview

  • No Home Owners Association
  • Smith Add Birmingham Subdivision

Amenities

  • Community Barbecue Grill

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,299

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2007
  • State Equalized Value: 706990.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Elevator/Lift, Jetted Tub, Security Alarm (owned), Sound System, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Dining Room
  • Room Count: 16
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Washer
  • Sq Ft Combined: 5343
  • Sq Ft Lower Floor: 1700
  • Total Sq Ft: 3643
  • Sq Ft Total Bsmt: 1831

Exterior Features

  • Roof Material: Wood (Cedar)
  • Foundation Details: Basement
  • Construction Materials: Block/Concrete/Masonry, Stone
  • Exterior Features: BBQ Grill, Fenced, Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 57
  • Porch Type: Patio, Terrace
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Detached, Door Opener, Electricity, Heated
  • 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: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Birmingham

Lot Info

  • Homestead: Yes
  • List Price per Acre: 8566666.6667
  • Lot Size Area: 0.21
  • Lot Dimensions: 57.00X156.00
  • Parcel Number: 1936155043

Tax Info

  • Tax Amount Summer: 17587.5100
  • Tax Amount Winter: 2711.5100
  • Total Tax: 20299.0200
  • Taxable Value: 476930.0000

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2024
Sold by
Lala Rakesh Michael and Lala Kimberly A
Bought by
Lala Rakesh Michael and Lala Kimberly A
Current Estimated Value
$2,160,313

Purchase Details

Listed on
May 20, 2020
Closed on
Aug 25, 2020
Sold by
Tinsey Fred C and Tinsey Diane
Bought by
Lala Kimberly A and Lala Rakesh Michael
Seller's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
Buyer's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
List Price
$1,799,000
Sold Price
$1,500,000
Premium/Discount to List
-$299,000
-16.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$1,200,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2006
Sold by
Derocher Douglas and Derocher Douglas Duane
Bought by
Tinsey Fred C and Tinsey Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
7%

Purchase Details

Closed on
Jul 2, 2003
Sold by
Nancy M Zale Living Trust
Bought by
Derocher Douglas

Purchase Details

Closed on
Oct 28, 2001
Sold by
Zale and Zale Nancy M
Bought by
Nancy M Zale Tr

Purchase Details

Closed on
Apr 30, 1999
Sold by
Meyer Herbert
Bought by
Zale Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.06%
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
Lala Rakesh Michael -- None Listed On Document
Lala Kimberly A $1,500,000 Interstate Title Inc
Tinsey Fred C $660,000 Philip R Seaver Title Co Inc
Derocher Douglas $450,000 Philip R Seaver Title Co Inc
Nancy M Zale Tr -- --
Zale Nancy $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lala Kimberly A $1,200,000
Previous Owner Tinsey Fred C $535,000
Previous Owner Zale Nancy $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,500,000 -16.6% $412 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $1,799,000 -- $494 / 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 $29,026 $852,170 $0 $0
2023 $27,878 $847,420 $0 $0
2022 $29,891 $804,840 $0 $0
2021 $30,155 $750,000 $0 $0
2020 $18,076 $753,870 $0 $0
2019 $20,456 $715,270 $0 $0
2018 $20,299 $706,990 $0 $0
2017 $20,265 $679,120 $0 $0
2016 $20,302 $678,560 $0 $0
2015 -- $643,850 $0 $0
2014 -- $567,500 $0 $0
2011 -- $475,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200034992

Realcomp

APN: 19-36-155-043