tomo logo

$1,392,410Estimated home value

Beds
5
Baths
4.5
sq ft
4,092

5625 Forman Dr, Bloomfield Hills, MI 48301

5625 Forman Dr

Bloomfield Hills, MI 48301

  • Off market
**Lakefront Gem in Bloomfield Hills - Act Fast!** Seize the rare chance to own a stunning ranch-style home on the serene and prestigious Wing Lake in Bloomfield Hills, boasting over 75 feet of lake frontage. This sprawling, California contemporary-style ranch offers a very open floor plan and over 6,000 sq. ft of living space on nearly 1 acre, evoking the tranquil ambiance of up north living. Inside, you'll find expansive formal living areas filled with warmth and charm. The generous primary bedroom features beautiful water views, two walk-in closets, a spacious bathroom, and a large laundry area. The home also includes a substantial office/theater space, perfect for working from home or showcasing your achievements and collectibles. Renovated from top to bottom in 2018, this home includes new dual A/C units, dual furnaces, dual water heaters, a new roof with a warranty, a Wolf cooktop, a built-in Miele coffee maker, high-end KitchenAid appliances, and a whole-house standby generator. The walkout basement features a large, apartment-like fifth bedroom with a full bath, workout area, 4-person sauna, and wine cellar. Cozy up next to one of the three fireplaces, and enjoy the convenience of four car garages, three of which are heated, and the fourth wired for EV charging. There's also a private area outside perfect for a hot tub. Located within the acclaimed Bloomfield Hills Schools district, this exceptional property combines luxury, comfort, and convenience. Don’t miss out on this incredible opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,392,410

Lot size

0.86 acres

Price per sq ft

$416

Year built

1959

Annual property taxes

$19,828

Price History

06/25/2024
Realcomp

Realcomp #20240036794

Removed
$1,699,999
06/08/2024
Realcomp

Realcomp #20240036794

Listed
$1,699,999
06/06/2024
Realcomp

Realcomp #20240036794

Pending
$1,699,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Bloomfield Hills

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$973,645
Asking price
$1,699,999
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$590,354
Cash to seller
$973,645

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Us Bank Na

Loan start date

November 2019

Original loan amount

$650,000

Est. remaining balance

$590,354

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Kurian Pothen and Premila Pothen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 07/04/2024 at 11:05 PM

Listing updated: 06/08/2024 at 5:03 PM

Listed by: Danielle Tucker, KW Domain Phone #: (248) 590-0800

MLS: Realcomp #20240036794

Realcomp logo