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32005 12 Mile Rd

Farmington Hills, MI 48334

1 bd 1 ba 691 sqft Built 1978 condos
Most recent sale
$88,750
Mar 12, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 18, 2024 Sold $95,000 Realcomp
Mar 12, 2024 Sold $88,750 Public Record
Jan 27, 2024 Listed $95,000 Realcomp
Oct 31, 2010 Listing removed $39,950 Realcomp
Sep 2, 2009 Relisted $39,950 Realcomp
Sep 1, 2009 Listing removed $39,950 Realcomp
Jun 3, 2009 Listed $39,950 Realcomp
May 23, 2009 Listing removed $44,999 Realcomp
Nov 21, 2008 Listed $44,999 Realcomp
Mar 22, 1993 Sold $36,500 Public Record
Jun 1, 1988 Sold $42,500 Public Record
Nov 1, 1985 Sold $37,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $33,870 $468
2020 $30,150 $475
2019 $30,150 $472
2018 $24,700 $440
2017 $24,510 $434
2016 $22,960 $435
2015 $18,610 $438
2014 $13,650 $407
2013 $10,080 $408
2012 $9,110 $402
2011 $12,460 $513
2010 $22,760 $917
2009 $27,920 $1,060
2008 $34,330 $828
2007 $37,830 $816

Property facts

Year built
1978
Property type
condos
Stories
1
Beds
1
Baths
1
Living area
691 sqft
Lot size
ZIP code
48334
City
Farmington Hills
Street
12 Mile Rd
Coordinates
42.49713, -83.36414

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,037
Gross rental yield
14.02%
Implied cap rate
9.11%
Trend-extrapolated value

Frequently asked questions

When did 32005 12 Mile Rd last sell?
32005 12 Mile Rd most recently sold on Mar 12, 2024 for $88,750.
What is the current tax assessment for 32005 12 Mile Rd?
The most recent total assessment for 32005 12 Mile Rd (year 2021) is $33,870 with $468 in property tax.
How does 32005 12 Mile Rd's assessment compare to its last sale price?
The current assessment is 61.8% below the last sale price of $88,750.
When was 32005 12 Mile Rd built?
32005 12 Mile Rd was built in 1978.
How does 32005 12 Mile Rd compare to others on 12 Mile Rd?
We track 8 other properties on 12 Mile Rd. Browse the list under "Other properties on 12 Mile Rd" to compare beds, baths, and sale history.
What are the property facts for 32005 12 Mile Rd?
32005 12 Mile Rd is a 1 bed, 1 bath, 691 sqft condos.
Is 32005 12 Mile Rd a flip candidate?
No — 32005 12 Mile Rd does not appear in our flips dataset.
Is 32005 12 Mile Rd a tax-appeal candidate?
No — 32005 12 Mile Rd is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-1.8%
Implied 1-yr
-7.1%
2026 Q3
$269.9K
2026 Q4
$264.5K
ZIP 48334 — Median Price History + Forecast

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