7 months on rocket

5545 Franklin Rd, Bloomfield Hills, MI, 48301

$595,000

1.02 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20230055336
Lot Size1.02 Acres
StatusActive

About 5545 Franklin Rd

What a great buy! Come and build your dream home on this sun filled 1.02 acres parcel located in the prime area of Bloomfield Township surrounded by multi-million dollar new custom-built or remodeled homes. This is a fantastic location with access and privileges to Wing Lake, walking distance to the beach and close proximity to natural preserved areas, schools and shopping. The size and landscape of this property provides endless opportunities to build your dream home that suits your needs and lifestyle, leaving ample grounds for outdoor entertainment. This beautiful lot, with gas and electric on site, city water and city sewer is ready for you to break ground for your new luxury home. The seller has cleared up the building site by removing the old structure and cutting many trees, and is also providing a new professional topographical survey. The Forman's Wing Lake Sub. access to Wing Lake is on Forman Dr. Please don't walk the property without an appointment. Thank you!

Property Details

Property Features

Listing Office:

  • Office Name: Signature Sotheby's International Realty Bham
  • Office Phone: (248) 644-7000
  • Listing Agent: Silvia Stan

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 1.02 Acres

Other

Directions Information:

  • Directions: North of Maple Rd and South of Quarton, on the East side of Franklin Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000

Tax Information:

  • Annual Amount: $7,228
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Bloomfield Hills, MI.

Med. Sold Price

$625.6K

Med. Price/SqFt

$239

Avg. Days On Market

24

# of Sold Homes

52

5545 Franklin Rd vs Bloomfield Hills

237 DAYS ON ROCKET

+213 Days

$595,000

-$30.6K Less

KEY TAKEAWAY

This property is $30.6K less than the Median Sold Price in Bloomfield Hills, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20230055336

Listing Office:

  • Office Name: Signature Sotheby's International Realty Bham
  • Office Phone: (248) 644-7000
  • Listing Agent: Silvia Stan

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,228$205,230
2020$6,845$200,130
2018$6,711$192,980
2017$6,607$190,390

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-471764
7
/10
  • West Maple Elementary School

  • 6275 Inkster Rd

  • 1.17 miles

  • Public Magnet Grades EE-5

school-card-donut-471765
7
/10
  • Way Elementary School

  • 765 W Long Lake Rd

  • 2.09 miles

  • Public District Grades KG-5

school-card-donut-471766
9
/10
  • Lone Pine Elementary School

  • 3100 Lone Pine Rd

  • 2.29 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $132,813. The most common annual income of people living in Bloomfield Hills, MI is between $100k-200k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5545 Franklin Rd

What is the listing price of this property?

The listing price of 5545 Franklin Rd property is $595,000.

What type of property is this?

The property 5545 Franklin Rd is land located in Bloomfield Hills, Michigan, 48301.

Is this property for sale now?

Active Listing: 5545 Franklin Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,228 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5545 Franklin Rd is 1.02 acres.
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Rocket HomesMichiganOakland CountyBloomfield Hills483015545 Franklin Rd

This home is located at 5545 Franklin Rd in Bloomfield Hills, MI and zip code 48301. This home sits on a 1.02 acre lot. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $595,000.

In October 2024, from all listings sold in Bloomfield Hills, MI there were more than 16 sold above asking price, over 29 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Bloomfield Hills, MI between September 2024 and October 2024 increased by 15.7%. In October 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $625,625.

From Rocket Homes Real Estate and based on county public records data.

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