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5475 Old Cove Road

5475 Old Cove Road, Clarkston, MI 48346
Property in Independence
Sold Sep 08, 2005
$210,000
$140,000 by Amera Mortgage Corp
Mortgage Due Sep 01, 2035
Sold Aug 25, 2005
$210,000
$140,000 by Amera Mortgage Corp
Mortgage Due Sep 01, 2035
Local assessors in Clarkston, MI have categorized 5475 Old Cove Road as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 15,028 square feet. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5475 Old Cove Road has a total of 1,635 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 404 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5475 Old Cove Road sold most recently in Jul 22, 2005 for a total of $210,000. If you work out the math, that's approximately a cost of $128.44 per sqft. Before that, the property was also sold for $210,000 in Aug 2, 2005. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $2,371 in taxes each year. 5475 Old Cove Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $137,900. If we break it down further, the land itself was valued at $28,100. Improvements to the property, however, were assessed at a total of $109,800. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Exterior Walls Type: Wood siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 663
  • Garage Type: Garage
  • Garage Square Area: 404
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 15,028
  • Total Building Area: 1,635
  • Building Area: 1,635
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,635
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKLAND
  • Land Acres: 0.345
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T4N, R9E, SEC 34 LAKE OAKLAND WOODS NO 3 LOT 157

Ownership

  • Current Owner : HEWITT RELOCATION SERVICES INC
  • Previous Owner : NASH WILLIAM G
  • Previous Owner 2: NASH CHERYL L
  • Owner Before Previous Owner: HEWITT RELOCATION SERVICES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Clarkston Community School District
  • School Tax School District: 63190
  • Census Tract: 127700

Zoning

  • Zoning: R1A

Geography

  • District: J
  • Section: 34
  • Parcel: J -08-34-226-008
  • Lot: 157
  • Meridian: SEC 34 TWN 4N RNG 9E
  • Municipality: INDEPENDENCE TWP
  • Latitude: 42.7185
  • Longitude: -83.3725

    Address

  • Full Address: 5475 Old Cove Rd
  • Address - House Number: 5475
  • Address - Street Name: Old Cove
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Clarkston
  • Carrier Code: C013
  • 4-Digit Zip Code: 3826
  • Zip Code: 48346

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,371

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 73
  • Final Value: 318,165
  • High Value: 380,637
  • Low Value: 255,693

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $257,996
  • First Open Lien Mortgage Lender: AMERA MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 25, 2005
  • First Open Lien Mortgage Loan Amount: $140,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2035
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 17, 2016
  • Second Open Lien Mortgage Loan Amount: $117,996
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2031

    Market Valuation

  • Market Total Value: $275,800
  • Market Land Value: $56,200
  • Market Improvement Value: $219,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,900
  • Assessed Land Value: $28,100
  • Assessed Improvements Value: $109,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2005
  • Current Sale Recording Date: Sep 08, 2005
  • Current Sale Transaction ID: 1090312299
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 254912
  • Previous Sale Recording Date: Aug 25, 2005
  • Previous Sale Contract Date: Aug 02, 2005
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Corporation Deed

    Previous Mortgages

  • Previous Mortgage Lender: AMERA MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 25, 2005
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Oakland



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Frequently Asked Questions

What neighborhood is 5475 Old Cove Road located in?
The 5475 Old Cove Road is a located in the neighborhood of Independence in Oakland, Clarkston.
What is the average sales price for listings in 5475 Old Cove Road?
The average sales price for units in 5475 Old Cove Road is $0 currently.

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