Owners & Occupancy for 519 E University Dr Apt 1402

This property is owned by Eric Matthew Schmidt. Owner contact information includes 3 phone numbers and 4 email addresses.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

-$7,618

Purchased September 16, 2022

Number of Owners

1

Property Owners

Eric Matthew Schmidt, age **

Occupation	Application Engineer, Ewellix
Cell Phone	(248) *-**View Cell Phone
Residence	*************
Landline	(248) 608-9225
Distance from Property	**********
Email Address	*******@yahoo.comView Email

View All Owner Info

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	******************** age 31

Property Financials for 519 E University Dr Apt 1402

519 E University Dr Apt 1402, Rochester, MI has a mortgage from Michigan Schools & Gov't Cu (orig. September 16, 2022). The Oakland county assessment for 2024 values it at $147,320, with annual taxes of $2,105.

Mortgage & Equity Information

Loan Amount	$******
Lender	Michigan Schools & Gov't Cu
Origination Date	September 16, 2022
Interest Rate	****%
Term	30 Years
Rate Type	Adjustable
Est Balance	$********
Due Date	****************
Equity BETA equity Equity in this state may be less accurate due to limited sales and property value data. We are working hard to improve it. Learn More.	View Equity

View All Mortgage Info

Property Tax

Purchase Date	September 16, 2022
Property Tax Amount	$2,105 in 2024
Purchase Price	$165,000
Assessed Value	$147,320 on 2024

Investment Potential for 519 E University Dr Apt 1402

The property has a current estimated value of $157,382, which is 34% below the zip median, based on public records. It last sold on September 16, 2022 for $165K. Projected long-term

is $24,000 annually ($2,000 per month) with a 93% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$165,000

Sold September 16, 2022

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.
BETA
property value
Property Value in this state may be less accurate due to limited public property data. We are working hard to improve it. Learn More.

$157K

($150K - $165K)

34% below zip median

Discover more Residential Condominiums in 48307.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$24,000 per year($2,000 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

View Cap Rate

Occupancy Rate

93%in 48307 zip code

View Rental Potential

Property Details for 519 E University Dr Apt 1402

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity
BETA
equity
Equity in this state may be less accurate due to limited sales and property value data. We are working hard to improve it. Learn More.

$*****

View Equity

Property Age

59 years

(Remodeled 1977)

21 years older than zip median

Property Details

Property Sq Ft

Living Area

998 sq ft

25% below market

Lot Size

336,302 sq ft

54% below market

Price Per Sq Ft

Living Area

$158 / sq ft

10% below market

Lot Size Area

$0 / sq ft

30% above market

Property Information

Property condition, age, exterior, etc. for 519 E Univ…

Land & Location Information

Longitude: -83.128854 Latitude: 42.683525 Parcel Number (APN): 15-11-351-094…

Recommended Properties in 48307

Discover more residential condominiums near 519 E University Dr Apt 1402 in Rochester, Michigan. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Valued above Market Median
$783K - $865K
Est. Value
1437 Catalpa Ct, Rochester Hills, MI 48307
3 beds · 2 baths · 3,217 sq ft · Built: 1998
Owned for 10 - 15 Years
$475K - $525K
Est. Value
730 Bloomer Rd, Rochester Hills, MI 48307
4 beds · 2 baths · 2,365 sq ft · Last Sold: $267,000 in 2012 · Built: 2011
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$483K - $533K
Est. Value
1183 Letica Dr, Rochester, MI 48307
4 beds · 2 baths · 2,807 sq ft · Last Sold: $345,000 in 2012 · Built: 2011
Occupancy Status
$519K - $574K
Est. Value
844 Harding Ave, Rochester Hills, MI 48307
4 beds · 4 baths · 2,298 sq ft · Built: 2023
Owner Age 65 - 75
$273K - $301K
Est. Value
2346 London Bridge Dr Unit 64, Rochester Hills, MI 48307
2 beds · 2 baths · 1,688 sq ft · Last Sold: $187,000 in 2004 · Built: 1987
Valued above Market Median
$619K - $685K
Est. Value
1055 Moran Dr, Rochester, MI 48307
4 beds · 2 baths · 4,249 sq ft · Last Sold: $446,000 in 2007 · Built: 2004
Owner Age 45 - 55
$527K - $582K
Est. Value
945 Arcadian Ct, Rochester Hills, MI 48307
4 beds · 2 baths · 2,656 sq ft · Built: 2004
Owner Age 55 - 65
$525K - $580K
Est. Value
571 Bedlington Dr, Rochester Hills, MI 48307
4 beds · 2 baths · 2,642 sq ft · Built: 2003
Large Lot Advantage
$290K - $320K
Est. Value
2825 Longview Ave, Rochester Hills, MI 48307
3 beds · 1 baths · 1,536 sq ft · Built: 1968
Valued above Market Median
$630K - $696K
Est. Value
717 Bliss Dr, Rochester Hills, MI 48307
4 beds · 3 baths · 3,323 sq ft · Last Sold: $365,000 in 2013 · Built: 2003
Owned for 5 - 10 Years
$282K - $312K
Est. Value
416 Willow Grove Ln, Rochester Hills, MI 48307
2 beds · 1 baths · 1,209 sq ft · Last Sold: $246,500 in 2019 · Built: 1974
Owner Age 65 - 75
$572K - $632K
Est. Value
1935 Cloverdale Dr, Rochester, MI 48307
4 beds · 2 baths · 2,925 sq ft · Built: 1998
Owner Age 65 - 75
$538K - $594K
Est. Value
244 Glenmoor Dr, Rochester, MI 48307
3 beds · 2 baths · 3,798 sq ft · Built: 1997
Owner Age Above 75
$539K - $596K
Est. Value
321 Wesley St, Rochester, MI 48307
4 beds · 2 baths · 1,678 sq ft · Last Sold: $387,000 in 2014 · Built: 1940
Owned for 10 - 15 Years
$200K - $221K
Est. Value
2351 Melvin Ave, Rochester Hills, MI 48307
2 beds · 1 baths · 720 sq ft · Last Sold: $101,500 in 2014 · Built: 1955
Owner Age Above 75
$471K - $521K
Est. Value
315 Griggs St, Rochester, MI 48307
3 beds · 2 baths · 1,289 sq ft · Built: 1974
Owned for 10 - 15 Years
$425K - $470K
Est. Value
2490 Wortham Dr, Rochester Hills, MI 48307
4 beds · 2 baths · 2,788 sq ft · Last Sold: $250,000 in 2013 · Built: 1978
Owned for 15 - 25 Years
$243K - $269K
Est. Value
1893 Flagstone Cir, Rochester, MI 48307
2 beds · 2 baths · 1,623 sq ft · Last Sold: $181,900 in 2004 · Built: 2003
Good value per sqft
$210K - $233K
Est. Value
2690 Norton Lawn, Rochester Hills, MI 48307
3 beds · 1 baths · 1,302 sq ft · Built: 1950
Owner Age 65 - 75
$382K - $422K
Est. Value
711 Dartmouth Dr, Rochester Hills, MI 48307
3 beds · 2 baths · 2,163 sq ft · Built: 1979

Market Benchmarks

Compare data for 519 E University Dr Apt 1402 in Oakland County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$157,382

$238,936

-$81,554 (-34%)

$215,391

-$58,009 (-27%)

—

YoY Price Change

—

Year Built

1966

1987

-21 years

1991

-25 years

Living Space

998 sq ft

1,338 sq ft

-340 (-25%)

1,286 sq ft

-288 (-22%)

$ Per Living Sq Ft

$158

$175

-$18 (-10%)

$165

-$7 (-4%)

Lot Size

336,302 sq ft

725,282 sq ft

-388980 (-54%)

443,032 sq ft

-106730 (-24%)

$ Per Lot Sq Ft

$0

$0 (30%)

$0

$0 (5%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$***** (****%)

$18,990

-$1,465 (-8%)

Annual Revenue

$24,000

$25,800

-$1,800 (-7%)

$26,400

-$2,400 (-9%)

$****

$**** (****%)

$7,134

-$659 (-9%)

Net Operating Income

$*****

$***** (****%)

$18,990

-$1,465 (-8%)

Cap Rate

****%

—

8.83%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

Property Type	Residential Condominium
Total Bedrooms	2
Total Bathrooms	1.5
Year Built	1966
Building Sq Ft	998 sq ft
Lot Size	8 Acres
Living Space	998 sq ft
Ground Floor	998 sq ft
Basement	998 sq ft
Basement Type	Bypass
Heating / Fuel	Forced Air
Air Conditioning	Central A/C
Roof Covering	Asphalt
Garage	Garage
Fireplace	Yes
Sewer	Public

APN	15-11-351-094
Census Tract	1912004002
Municipality	Rochester
County	Oakland
Subdivision	Paint Creek Condo Hms Of Roch
Zoning	KI
Neighborhood	48307
Longitude / Latitude	-83.128854 / 42.683525
Lot Size	336,302 sq ft

Est. Value	$157,382
Price / Sq Ft	$158
Est. Rent/mo	$2,000
Occupancy	*****
Equity	$***/**%

519 E University Dr Apt 1402 Rochester, MI 48307

property value

property value

property value

$157,382

market valuation

$238,936

market valuation

$229,171

Meet Landon BETA

Hi, I'm Landon!

investment intelligence

Owners & Occupancy for 519 E University Dr Apt 1402

Occupancy

Appreciation Since Purchased

-$7,618

Number of Owners

1

Property Owners

Eric Matthew Schmidt, age **

Occupancy

Property Financials for 519 E University Dr Apt 1402

Mortgage & Equity Information

equity

Property Tax

Investment Potential for 519 E University Dr Apt 1402

rental income

property appreciation

Last Sale Amount

$165,000

property value

property value

$157K

($150K - $165K)

rental income

operating expenses

Property Details for 519 E University Dr Apt 1402

Estimated Mortgage Balance

equity

$*****

Property Age

59 years

(Remodeled 1977)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Recommended Properties in 48307

$783K - $865K

Est. Value

1437 Catalpa Ct, Rochester Hills, MI 48307

3 beds · 2 baths · 3,217 sq ft · Built: 1998

$475K - $525K

Est. Value

730 Bloomer Rd, Rochester Hills, MI 48307

4 beds · 2 baths · 2,365 sq ft · Last Sold: $267,000 in 2012 · Built: 2011

$483K - $533K

Est. Value

1183 Letica Dr, Rochester, MI 48307

4 beds · 2 baths · 2,807 sq ft · Last Sold: $345,000 in 2012 · Built: 2011

$519K - $574K

Est. Value

844 Harding Ave, Rochester Hills, MI 48307

4 beds · 4 baths · 2,298 sq ft · Built: 2023

$273K - $301K

Est. Value

2346 London Bridge Dr Unit 64, Rochester Hills, MI 48307

2 beds · 2 baths · 1,688 sq ft · Last Sold: $187,000 in 2004 · Built: 1987

$619K - $685K

Est. Value

1055 Moran Dr, Rochester, MI 48307

4 beds · 2 baths · 4,249 sq ft · Last Sold: $446,000 in 2007 · Built: 2004

$527K - $582K

Est. Value

945 Arcadian Ct, Rochester Hills, MI 48307