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5503 Walnut Circle West

5503 Walnut Circle West, West Bloomfield, MI 48322
Property in West Bloomfield
Refi Aug 12, 2020
Transfer
Owner
$75,000 by Omega Lending
Mortgage Due Sep 01, 2050
5503 Walnut Circle West has been categorized by the local assessors in West Bloomfield, MI as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The home has a total of 7 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5503 Walnut Circle West has 1,607 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,005,468 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 470 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a gable style roof. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $3,528 in taxes per year. The property on 5503 Walnut Circle West was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $107,880. To break that down further, the land itself was valued at $20,000. While improvements to the property were assessed at a total of $87,880. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Construction Type: Brick
  • Building Style: Other
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,538
  • Garage Type: Garage
  • Garage Square Area: 470
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,005,468
  • Total Building Area: 1,607
  • Building Area: 1,607
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,607
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKLAND COUNTY CONDOMINIUM
  • Land Acres: 23.082
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: T2N, R9E, SEC 29 OAKLAND COUNTY CONDOMINIUM PLAN NO 338 WALNUT HILLS OF WEST BLOOMFIELD CONDOMINIUM BLDG 10, UNIT 45 L 8005 P

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Walled Lake Consolidated Schools
  • School Tax School District: 63290
  • Census Tract: 157500

Zoning

  • Zoning: KI

Geography

  • District: X
  • Section: 29
  • Parcel: X -18-29-227-045
  • Meridian: SEC 29 TWN 02N RNG 09E
  • Municipality: WEST BLOOMFIELD TWP
  • Latitude: 42.5545
  • Longitude: -83.4039

    Address

  • Full Address: 5503 Walnut Cir W
  • Legal Unit: 45
  • Address - House Number: 5503
  • Street Segment Direction: W
  • Address - Street Name: Walnut
  • Address - Suffix Type: Cir
  • State: MI
  • City Name: West Bloomfield
  • Carrier Code: C059
  • 4-Digit Zip Code: 1269
  • Zip Code: 48322

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,528

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 284,710
  • High Value: 336,406
  • Low Value: 233,014

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,000
  • First Open Lien Mortgage Lender: OMEGA LENDING
  • First Open Lien Mortgage Recording Date: Aug 12, 2020
  • First Open Lien Mortgage Loan Amount: $75,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $215,760
  • Market Land Value: $40,000
  • Market Improvement Value: $175,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $107,880
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $87,880

    Exemptions

  • Homeowner Exemption: Yes

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Frequently Asked Questions

What neighborhood is 5503 Walnut Circle West located in?
The 5503 Walnut Circle West is a located in the neighborhood of West Bloomfield in West Bloomfield, West Bloomfield.
What is the average sales price for listings in 5503 Walnut Circle West?
The average sales price for units in 5503 Walnut Circle West is $0 currently.

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