NOT LISTED FOR SALE

31500 Bingham Rd Bingham Farms, MI 48025

Bingham Farms Neighborhood

Estimated Value: $3,495,000 - $6,203,315

8 Beds
13 Baths
17,558 Sq Ft
$276/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $4,950,000 $282 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $31,862/month

136 Days on Market

Highlights

  • Tennis Courts
  • Cabana
  • Colonial Architecture
  • Bingham Farms Elementary School Rated A
  • 15.53 Acre Lot
  • Deck

About This Home

As of March 2019

Extraordinary opportunity to acquire one of the largest remaining contiguous parcels in this prestigious section of Oakland county. Options are endless including subdividing & redevelopment of this exclusive 16 acre estate. Natural tranquility graces these expansive & secluded grounds majestically nestled among serene Franklin River streams, quaint bridges, & lush mature grounds. Situated on this exceptional landscape an original Clifford Wright-designed mid century modern home offers striking features and 6150 total SF just awaiting a new owner to maintain its iconic history. The estate’s sheltered setting includes a spectacular pool & cabana house & a level of rarely found privacy. With ample room for one to six or more substantial homes, this unique property offers incredible opportunities surrounded by amenities that modern lifestyles require including shopping, dining, entertainment & the best schools in the country.

Last Listed By

Renee Lossia Acho

KW Domain License #6501305857 Listed on: 06/18/2018

KW Domain

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1939 | Remodeled in 1993

Lot Details

  • 15.53 Acre Lot
  • Property fronts a private road
  • Fenced
  • Irregular Lot
  • Wooded Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Slate Roof
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • 17,558 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Awning
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Partially Finished Basement
  • Sump Pump
  • Security System Owned

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Direct Access Garage
  • Heated Garage
  • Garage Door Opener

Eco-Friendly Details

  • Air Purifier

Pool

  • Cabana
  • In Ground Pool
  • Spa

Outdoor Features

  • Seawall
  • Tennis Courts
  • Deck
  • Enclosed patio or porch
  • Terrace
  • Exterior Lighting
  • Gazebo

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 2404351012

Community Details

Overview

  • No Home Owners Association
  • Property is near a ravine

Recreation

  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,703

Year Built

Built in 1939 | Remodeled in 1993

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1939
  • Year Renovated: 1993
  • Accessibility Features: Disabled Access, Interior Disabled Facilities
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Air Purifier, Elevator/Lift, High Spd Internet Avail, Humidifier, Indoor Pool, Intercom, Jetted Tub, Security Alarm (owned), Sound System, Spa/Hot-tub, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas, Natural
  • Fireplace Locations: Family Room, Living Room
  • Room Count: 28
  • Total Bedrooms: 8
  • Total Bathrooms: 9.40
  • Full Bathrooms: 9
  • Half Bathrooms: 4
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Trash Compactor, Washer
  • Sq Ft Combined: 19558
  • Sq Ft Lower Floor: 2000
  • Total Sq Ft: 17558
  • Sq Ft Total Bsmt: 2317

Exterior Features

  • Roof Material: Rubber, Slate
  • Waterfront Name: Franklin River
  • Pool: Yes
  • Foundation Details: Basement, Slab
  • Construction Materials: Brick, Stone, Wood
  • Exterior Features: Awning/Overhang(s), Cabana, Fenced, Gazebo, Lighting, Pool - Inground, Spa/Hot-tub, Tennis Court
  • Foundation Materials: Block
  • Porch Type: Deck, Patio, Porch - Covered, Porch - Enclosed, Terrace
  • Road Frontage Type: Paved, Private

Garage/Parking

  • Garage Size: 4 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity, Heated
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Baseboard, Forced Air, Steam
  • 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: 450418.5448
  • Lot Features: Hilly-Ravine, Irregular, Splits Available, Wooded
  • Lot Size Area: 15.53
  • Lot Dimensions: IRREGULAR
  • Parcel Number: 2404351012

Tax Info

  • Tax Amount Summer: 37903.0000
  • Tax Amount Winter: 7800.0000
  • Total Tax: 45703.0000

Multi Family

  • Waterfront Features: Sea Wall

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Feb 28, 2019
Sold by
Hermelin Doreen N and Doreen N Hermelin Trust
Bought by
Dh Bingham Farms Llc
Seller's Agent
Renee Lossia Acho
KW Domain
Buyer's Agent
Renee Lossia Acho
KW Domain
List Price
$6,995,000
Sold Price
$4,950,000
Premium/Discount to List
-$2,045,000
-29.24%
Total Days on Market
136
Current Estimated Value
$4,849,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,842
Avg. Annual Appreciation
-0.43%
Original Mortgage
$3,950,000
Outstanding Balance
$3,521,334
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Estimated Equity
$1,299,317

Purchase Details

Closed on
Jan 4, 1999
Sold by
Hermelin David B
Bought by
David B Hermelin Tr

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
Dh Bingham Farms Llc -- Amrock
David B Hermelin Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dh Bingham Farms Llc $3,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2019 03/05/19 Sold $4,950,000 -29.2% $282 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $6,995,000 -- $398 / 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 $151,817 $4,749,430 $0 $0
2023 $129,309 $3,687,490 $0 $0
2022 $154,951 $3,264,080 $0 $0
2021 $149,688 $3,078,930 $0 $0
2020 $112,213 $3,068,760 $0 $0
2019 $49,359 $3,070,220 $0 $0
2018 $45,846 $2,948,700 $0 $0
2017 $45,703 $2,948,700 $0 $0
2016 $45,756 $2,800,310 $0 $0
2015 -- $2,596,930 $0 $0
2014 -- $2,231,930 $0 $0
2011 -- $1,775,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Renee Lossia Acho

    Seller's Agent in 2019

    Renee Lossia Acho

    KW Domain

    (248) 310-1414

    1 in this area

    356 Total Sales

    Renee Lossia Acho
    Section Image
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Map

Source: Realcomp

MLS Number: 218046414

Realcomp

APN: 24-04-351-012

Michigan Oakland County Bingham Farms 48025 Bingham Farms

31500 Bingham Rd, Bingham Farms, MI

Homes for Sale in Bingham Farms, MI

This home is located at 31500 Bingham Rd, Bingham Farms, MI 48025 since 18 June 2018 and is currently estimated at $4,849,158, approximately $276 per square foot. This property was built in 1939. 31500 Bingham Rd is a home located in Oakland County with nearby schools including Bingham Farms Elementary School, Wylie E. Groves High School, and Berkshire Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393