3501 Thomas Road

Sold 8/7/20
Sold 8/7/20
Building from paved driveway
Front side view
Rear view
View from back yard
View from rear side showing separate meters
View from paved marked driveway
Front of building M24 side
Unit 1 bath
Unit 1 kitchen showing appliances
Unit 1 living room from front door toward kitchen
Unit 1 showing eating area and antique light
Unit 3 Bathroom Vanity
Unit 3 bedroom showing large closet
Front mason stone flower box
Unit 3 kitchen showing cabinets and stove
Unit 3 kitchen dining area antique lighting fixture cabinets.jpg
Unit 3 kitchen refrigerator into living room
Unit 3 bathroom showing tub with tile shower surround and vanity
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20190222_160710.jpg
Unit 1 living room showing front door .jpg
Unit 3 bedroom showing flooring and window closet.jpg
Unit 3 livingroom window and flooring.jpg
Last Sold Price
$295,000
6 beds3,600 sqft$82/sqft
3501 Thomas Road, Oxford, MI 48371

Description

One of a kind unique…Excellent turn-key investment opportunity! Hard to find 5 unit rental with historic curb appeal. Many updates, everything has been done to make this an excellent income property. All 5 units are currently rented with 1 year leases. 4 - 1 bed., and 1 - 2 bed. unit, Just take over the current leases/tenants & collect your income. Paved parking spaces, new roof, new mechanical's, (new well pump 6/2019), boiler, hot water tanks, sump pump., appliances (stoves /Refrigerators), roof,...One of a kind unique…Excellent turn-key investment opportunity! Hard to find 5 unit rental with historic curb appeal. Many updates, everything has been done to make this an excellent income property. All 5 units are currently rented with 1 year leases. 4 - 1 bed., and 1 - 2 bed. unit, Just take over the current leases/tenants & collect your income. Paved parking spaces, new roof, new mechanical's, (new well pump 6/2019), boiler, hot water tanks, sump pump., appliances (stoves /Refrigerators), roof, exterior, porch & stairs, windows, sidewalks, whole building water conditioning system, etc. Lots of prime road frontage on M-24 across from commercial. Great location, easy access to all major commute routes. All units have private entrances, kitchen, bath, bedroom, & living area. The charm & character of this historic building remains. Large private yard. High speed internet, cable & phone available. Current owner licensed Real Estate Agent. Batvai
LISTING CLOSED: 08/07/2020 12:00 AM

  1. Listed by Patricia L Banfield • Brokerage DRE #6505266681 • Willowdale Realty & Dev
    P: (248)-628-5800 C: (248)-568-8772 ladyluck@tir.com

Property Details for 3501 Thomas Road

Status
Sold
MLS #
2200012237
Days on Market
61
Taxes
$5,700 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Multi Family
Year Built
1800
Lot Size
0.50 AC / 21,780 SF
County
Oakland County
Architectural Style
Farmhouse, Upper Lower Apartment
Waterfront
No
Zoning Description
Multi-Family
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Location

Listing Courtesy of Willowdale Realty & Dev

Sold By Max Broock, REALTORS®-Birmingham

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Building Information for 3501 Thomas Road

Stories-Residences5Year Built1800Building Size-Lot Size0.50 AC / 21,780 SF

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$1,499

Property Taxes

$475

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Property Information for 3501 Thomas Road

Summary
Location and General Information
  • Directions: M24 (Lapeer Rd.) N. to Corner of Thomas ans M24
  • Latitude: 42.876237
  • Longitude: -83.30113
  • Township: Oakland Oxford Twp
  • Cross Street: s of oakwood/w of Ludwig
  • MLS Area Major: Oxford Twp (63041)
  • Water Body Name: Stoney Creek
  • Direction Faces: West
Taxes and HOA
  • Parcel Number: 0405276002
  • Tax Amount Summer: $2,800.00
  • Tax Amount Winter: $2,900.00
  • Tax Annual Amount: $5,700.00
  • Tax Assessed Value: $72,220.00
  • Tax Legal Description: T5N, R10E, SEC 5 PART OF E 1/2 OF SEC BEG AT PT DIST N 01-52-50 E 2600 FT FROM SE SEC COR, TH N 86-05-32 W 196.65 FT, TH N 04-15-15 E 196.96 FT, TH S 86-59-38 E TO E SEC LINE, TH S 02-02-30 E TO BEG EXC THAT PART TAKEN FOR HWY M-24 0.50 A P69A
School Information
  • High School District: Oxford
Parking
  • Parking Total: 8.0
  • Parking Features: Assigned, Lighted, Paved
Virtual Tour
Property
Lot Information
  • Frontage Length: 88.0
  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Dimensions: 196x88x196x196
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 88
  • Road Frontage Type: Gravel, Paved
  • Road Surface Type: Gravel, Paved
Property and Assessments
  • State Equalized Value: 98180.0
  • Living Area: 3600.0
  • Building Area Total: 3500.0
  • Above Grade Finished Area: 3500.0
  • Below Grade Finished Area: 100.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 1000.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Year Built: 1800
Building Features
  • Construction Materials: Stone, Vinyl Siding
  • Foundation Details: Basement, Michigan Basement, Stone
  • Levels: Two
  • Year Remodeled: 2009
  • Roof: Asphalt, Composition
  • Stories Total: 2
Utilities
  • Electric: Utility Smart Meter
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Community, Well
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 5.0
  • Appliances: Water Softener Rented
  • Basement: Private, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Cooling: Ceiling Fans, Separate Meters
  • Has Cooling: Yes
  • Heating: Baseboard, Electric, Hot Water, Natural Gas, Zoned
  • Has Heating: Yes
  • Interior Features: High Speed Internet
  • Security Features: Carbon Monoxide Detectors
  • Water Heater Fuel: Electric, Separate Meters
Exterior Features
  • Exterior Features: Awnings, Lighting, Private Entrance
Multi Family
Multi Family Information
  • Number of Units Leased: 5
  • Number of Units Total: 5
  • Unit Records: 5
Income & Expenses
  • Gross Scheduled Income: $34,800.00
  • Net Operating Income: $30,000.00
Unit Information
Unit 1
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 750.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 2
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 750.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 3
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 450.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 4
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 450.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 5
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 550.0
  • Type: Two Bedroom
  • Total Units: 1.0
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,900.00
  • Existing Lease: No
  • Pets Allowed: No

Property History for 3501 Thomas Road

DateEvent & SourcePriceAppreciation
Aug 7, 2020

Sold (Public Record)

Public Record #676333059

$295,000—
Aug 7, 2020

Sold (Public Record)

Public Record #676333059

$295,000

+18.2% / yr

Aug 7, 2020

Sold

Realcomp #2200012237

$295,000—
DateEvent & SourcePrice
08/07/2020

Sold (Public Record)

Public Record #676333059

$295,000
08/07/2020

Sold (Public Record)

Public Record #676333059

$295,000

+18.2% / yr

08/07/2020

Sold

Realcomp #2200012237

$295,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3501 Thomas Road

Taxable ValueLand-Additions-Total-
Tax Record2024$7,208 ($601 / month)
Home Facts
Baths5Total Finished SqFt5,438 SqFtAbove Grade Finished SqFt3,439 SqFtFinished Basement SqFt1,999 SqFtUnfinished Basement SqFt1,999 SqFtStories1Lot Size21,780 SqFtStyleMulti-Family Dwelling (2-4)Year Built1935Year Renovated2009ZoningSICountyOAKLANDAPNP -04-05-276-002

Schools near 3501 Thomas Road

This home is within Oxford Community Schools.
Rating
School
Type
Grades
Distance
Daniel Axford Elementary School
Public - PK to 2
Oxford Elementary School
Public - 3 to 5
Oxford Area Middle School
Public - 6 to 8
Oxford High School
Public - 9 to 12
Rating
School
Distance
Daniel Axford Elementary School
PublicPK to 2

Oxford Elementary School
Public3 to 5

Oxford Area Middle School
Public6 to 8

Oxford High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3501 Thomas Road, Oxford, MI 48371
$295,000
6
3,600
21,780
3481 Thomas Road, Oxford, MI 48371
–
3
1,425
44,431
3461 Thomas Road, Oxford, MI 48371
$88,000
3
1,396
43,560
718 Vivian Lane, Oxford, MI 48371
$202,500
3
1,633
60,112
706 Vivian, Oxford, MI 48371
–
3
1
1,150
66,647
3441 Thomas Road, Oxford, MI 48371
$88,000
3
1,176
43,560

Explore Nearby Homes

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Listing Courtesy of Willowdale Realty & Dev

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