6322 Pepper Hill St · Farmington Hills, MI 48322

$205,000

3 bd · 2.0 ba · 1,615 sqft · Condo public records · 166 Days on market

Built 1975 $127/sqft · 18% below area Est $289k · 29% under $444/mo HOA · 19% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +12.8/30.0
• 1% rule +6.1/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

Key facts

• Fully renovated
• In-unit laundry
• Tile flooring

Tags

• FULLY RENOVATED
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• TILE FLOORING
• UPDATED STAND-UP SHOWERS
• IN-UNIT LAUNDRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $205k.

Deal economics

• At list price, monthly cash flow is $-17 ($-204/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (1.5% below list).
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 3.5% in Farmington Hills — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#64 in MI, #1,364 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, crime A; Watch: amenities D, health & safety F.
• West Bloomfield School District (suburban): math 42% / reading 55% proficiency, ranked #83 of 540 in MI (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.4%/yr); 181 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 166 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 14y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $2k; list at $205k implies a 13126% gain — meaningful room to come down on a strong offer.

Recommended offer $180,400 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 6.19%
• Cash-on-cash: -0.35%
• DSCR: 0.98
• GRM: 7.5

CMA / ARV

• ARV (median comp): $288,996
• List price: $205,000
• Delta: -29.06%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.2%
• Equity multiple: 0.29×
• Total profit: $-40,699
• Equity at exit: $30,566

10-year hold

• IRR: -27.7%
• Equity multiple: -0.07×
• Total profit: $-61,508
• Equity at exit: $17,725

Cash invested: $57,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48322

• Rents YoY: -0.4%
• Active inventory: 181
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,279 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$213 /mo · $2,560/yr
• Insurance: −$85
• HOA: −$444
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $-17

Break-even live

Break-even rent $2,301

Max offer price $202,001

Occupancy floor 96%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6625 Fireside Ct West Bloomfield Township, MI	2.0	2.0	1450	$2,000	$1.38	24d	1	0.30mi
6600 Bellows Ct West Bloomfield, MI	2.0	2.0	1059	$2,100	$1.98	12d	1	0.33mi
6616 Embers Ct West Bloomfield, MI	2.0	2.0	1059	$1,800	$1.70	43d	1	0.34mi
6834 Chimney Hill Dr West Bloomfield, MI	2.0	1.5–2.0	1085	$1,882	$1.73	1d	20	0.41mi
7020 Orchard Lake Rd West Bloomfield, MI	1.0–3.0	1.0–2.5	1298	$6,335	$4.88	1d	25	0.70mi
7110 Orchard Lake Rd West Bloomfield Township, MI	1.0–2.0	1.0–2.0	1020	$2,650	$2.60	1d	13	0.78mi
5202 Richard Run West Bloomfield, MI	3.0	2.5	1650	$2,500	$1.52	16d	1	1.07mi
5460 Bentley Rd West Bloomfield, MI	2.0	1.0–2.0	1102	$1,875	$1.70	1d	12	1.17mi
5353 Wright Way W West Bloomfield, MI	4.0	2.5	1819	$2,700	$1.48	24d	1	1.20mi
31200 Hunters Dr Farmington Hills, MI	1.0–3.0	1.0–2.5	1520	$2,363	$1.55	1d	15	1.26mi

HOA detail condo

• Monthly dues: $444 · $5,328/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-05-07
   price $205,000 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

2. 2026-05-06
   price $205,000 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

3. 2026-04-22
   price $214,900 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

4. 2026-04-22
   price $214,900 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

5. 2026-04-01
   price $219,900 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

6. 2026-04-01
   price $219,990 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

7. 2026-04-01
   price $219,900 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

8. 2026-04-01
   price $219,990 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

9. 2026-04-01
   status Active 1071-char remark

   Show marketing remark (1071 chars)

   SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

10. 2026-04-01
    status Active 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

11. 2026-04-01
    historical 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

12. 2026-04-01
    historical 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

13. 2026-03-13
    price $225,000 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

14. 2026-03-13
    price $225,000 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

15. 2025-12-08
    listed $230,000 Active 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

16. 2025-12-08
    listed $230,000 Active 1071-char remark

    Show marketing remark (1071 chars)

    SELLER REPLACED CARPET THROUGHOUT THE ENTIRE CONDO 05/19/2026 AND IS OFFERING A ONE-YEAR HOME WARRANTY FOR THE NEW BUYER. Beautifully maintained, freshly painted, move-in ready condo located in award-winning West Bloomfield Schools. Offering approximately 1,615 square feet of living space with 3 bedrooms, 2 full baths, spacious eat-in kitchen, formal dining area, granite countertops in kitchen and bathrooms, newer appliances, and attached 2-car garage with direct access to basement. Large bonus space in the basement provides endless possibilities for additional living, recreation, office, or storage space. Bright living room opens to a private balcony through the sliding glass doors, allowing plenty of natural daylight throughout the home. Newly added recessed lighting gives the condo a modern and bright feel. Community amenities include a clubhouse and pool. Rental-friendly association with no waiting period makes this an excellent opportunity for both owners and investors. Close to shopping, dining, and major conveniences. Immediate occupancy available.

17. 2025-11-24
    historical
18. 2025-10-31
    price $229,900
19. 2025-10-30
    price $229,900
20. 2025-10-16
    price $244,900
21. 2025-10-15
    price $244,900
22. 2025-10-11
    listed $250,000 Active
23. 2025-10-10
    listed $250,000 Active
24. 2015-07-22
    soldstatus $1,550
25. 2015-06-25
    listed $1,600
26. 2012-09-19
    soldstatus $73,000
27. 2012-08-16
    soldstatus $73,000
28. 2012-08-16
    soldstatus $73,000
29. 2012-06-22
    listed $69,900
30. 2012-06-22
    listed $69,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,560 · $213/mo
• Projected year-2 tax: $2,858 · $238/mo
• Expected delta: +$299/yr (+$25/mo · 11.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,354
• − Mortgage interest: −$11,483
• − Property taxes: −$2,560
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,188
• − Management: −$2,188
• − HOA: −$5,328
• − Depreciation: −$5,964
• Taxable loss: −$3,382
• Est. tax savings @ 24.0%: +$812
• After-tax cash flow: $608/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: West Bloomfield School District
• NCES district ID: 2635820
• Math proficiency: 42% ▼ -6.00%
• Reading proficiency: 55% ▼ -2.00%
• Median HH income: $89,668
• Composite: 45.28/100
• National rank: #2653
• State rank: #83 of 540 in MI

Livability — Farmington Hills

• Score: 81/100
• State rank: #64
• US rank: #1364

Category grades

Amenities D Commute A Cost of living B+ Crime A Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Oakland County · 1,009,092 people
• City population: 67,612
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 32,885
• Household income: $113,865
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 911.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 20% Asian 10% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Arab 9% Romanian 5% Scotch-Irish 4%
• Foreign-born: 25% · Canada, China
• Languages at home: 71% English-only · Arabic 8% Other Indo-European 5% Other Asian/Pacific 3%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.52%
• Current HPI: 149.0523
• Rent YoY: ▼ -0.43%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+193.3% since first listed

30 events — show timeline

• 2026-05-07 Price Changed $205,000 MiRealSource-MiMLS
• 2026-05-06 Price Changed $205,000 REALCOMP
• 2026-04-22 Price Changed $214,900 MiRealSource-MiMLS
• 2026-04-22 Price Changed $214,900 REALCOMP
• 2026-04-01 Price Changed $219,900 MiRealSource-MiMLS
• 2026-04-01 Price Changed $219,990 MiRealSource-MiMLS
• 2026-04-01 Price Changed $219,900 REALCOMP
• 2026-04-01 Price Changed $219,990 REALCOMP
• 2026-04-01 Relisted — REALCOMP
• 2026-04-01 Relisted — MiRealSource-MiMLS
• 2026-04-01 Listing Removed — REALCOMP
• 2026-04-01 Listing Removed — MiRealSource-MiMLS
• 2026-03-13 Price Changed $225,000 MiRealSource-MiMLS
• 2026-03-13 Price Changed $225,000 REALCOMP
• 2025-12-08 Listed $230,000 REALCOMP
• 2025-12-08 Listed $230,000 MiRealSource-MiMLS
• 2025-11-24 Listing Removed — MiRealSource-MiMLS
• 2025-10-31 Price Changed $229,900 MiRealSource-MiMLS
• 2025-10-30 Price Changed $229,900 REALCOMP
• 2025-10-16 Price Changed $244,900 MiRealSource-MiMLS
• 2025-10-15 Price Changed $244,900 REALCOMP
• 2025-10-11 Listed $250,000 REALCOMP
• 2025-10-10 Listed $250,000 MiRealSource-MiMLS
• 2015-07-22 Sold (MLS) $1,550 MiRealSource-MiMLS
• 2015-06-25 Listed $1,600 MiRealSource-MiMLS
• 2012-09-19 Sold (Public Records) $73,000 Public Records
• 2012-08-16 Sold (MLS) $73,000 MiRealSource-MiMLS
• 2012-08-16 Sold (MLS) $73,000 REALCOMP
• 2012-06-22 Listed $69,900 MiRealSource-MiMLS
• 2012-06-22 Listed $69,900 REALCOMP

Property tax history

-0.3%/yr

Latest (2025): $2,560 · -24.0% YoY. Source: county tax records.