521 E University Dr Apt 804 Rochester, MI 48307

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2 beds · 1 bath · 998 sq ft · Lot Size: 336,833 sq ft · Residential Condominium
Est. Property Value: $155,373

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521 E University Dr Apt 804 is in the 48307 neighborhood of Rochester, MI. It is located in Oakland County and ZIP code 48307. This Residential Condominium was built in 1966 and is approximately 59 years old. The residential condominium spans 998 sq ft with 2 bedrooms and 1 bathroom and sits on a 336833 sq ft lot. According to public records, it was last sold in 2003 for $116,000 and has a tax-assessed value of $145,440, which is $156 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 521 E University Dr Apt 804 Rochester, MI 48307 with Property Intel by Whitepages.

521 E University Dr Apt 804

Rochester, MI 48307

Owner Info

Owners & Occupancy for 521 E University Dr Apt 804

This property is owned by Martha Mary Jordan. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

Cell Phone(248) ***-****View Cell Phone
Residence*************
Landline(248) 581-5897
Distance from Property**********
Email Address******@sbcglobal.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 61

Property Financials for 521 E University Dr Apt 804

521 E University Dr Apt 804, Rochester, MI has a mortgage (orig. April 23, 2021). The Oakland county assessment for 2024 values it at $145,440, with annual taxes of $813.

Mortgage & Equity Information

Loan Amount$*****
Origination DateApril 23, 2021
Interest Rate****%
Term15 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity
View Equity

Property Tax

Purchase DateApril 28, 2003
Property Tax Amount$813 in 2024
Purchase Price$116,000
Assessed Value$145,440 on 2024

Investment Potential for 521 E University Dr Apt 804

The property has a current estimated value of $155,373, which is 35% below the zip median, based on public records. It last sold on April 28, 2003 for $116K. Projected long-term
is $25,200 annually ($2,100 per month) with a 93% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 48307 zip code
 
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Property Details for 521 E University Dr Apt 804

Property Details

Property Sq Ft

Living Area

998 sq ft

25% below market

Lot Size

336,833 sq ft

54% below market

Price Per Sq Ft

Living Area

$156 / sq ft

11% below market

Lot Size Area

$0 / sq ft

28% above market

Property condition, age, exterior, etc. for 521 E Univ…
Longitude: -83.128854 Latitude: 42.683525 Parcel Number (APN): 15-11-351-145…

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Discover more residential condominiums near 521 E University Dr Apt 804 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.

Market Benchmarks

Compare data for 521 E University Dr Apt 804 in Oakland County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$155,373
$215,391
-$60,018 (-28%)
YoY Price Change
Year Built
1966
1991
-25 years
Living Space
998 sq ft
1,286 sq ft
-288 (-22%)
$ Per Living Sq Ft
$156
$165
-$9 (-6%)
Lot Size
336,833 sq ft
443,032 sq ft
-106199 (-24%)
$ Per Lot Sq Ft
$0
$0
$0 (3%)

Net Operating Income
$18,990
$879 (5%)
Annual Revenue
$25,200
$26,400
-$1,200 (-5%)
$7,134
-$1,803 (-25%)
Net Operating Income
$18,990
$879 (5%)
Cap Rate
8.83%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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