$429,999 :: 3600 SALEM Drive, Rochester Hills MI, 48306

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4 beds, 2.1 baths
Home size: 2,855 sq ft
Lot Size: 12,632 sq ft
Added: 05/31/18, Last Updated: 05/31/18
Property Type: Single Family
MLS Number: 218047619
Community: Rochester Hills
Tract: HAWTHORN HILLS NO 4
Status: Active

Fabulous move-in ready Hawthorn Hills colonial sits deep in the sub, backing to wooded commons. Shows like a model, with touches Chip and Jo would be proud of! Cooking is a pleasure in this kitchen w/gorgeous updated cabinets, honed quartz counters, butcher block island, subway tile, pot filler, double ovens, and custom made hood. Cabinets have been updated w/custom touches like built-in shelves and new hardware. New lighting & ceiling fans t/o home. New hardwoods t/o most of 1st floor, w/new carpet in Family Room and office (currently a sweet playroom!). Master Ste is a private oasis. Tiled MBA has new marble counter, fixtures and hardware and refreshed vanity. Main bath has also been refreshed. Deck has been recently stained and stairway added to access beautiful backyard. Finished lower level walkout opens to patio for even more entertaining options. Newer roof, mechanicals, gutters, driveway, SMART home system for lights, fans and HVAC. 1st flr laundry, 3 car gar. Call agent today!

Listed with KW Domain


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$960,000 :: 1476 HIGHPOINT CRT, Rochester MI, 48306-1626

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5 beds, 7 baths
Home size: 5,191 sq ft
Lot Size: 24,829 sq ft
Added: 11/30/17, Last Updated: 05/30/18
Property Type: Single Family
MLS Number: 21393834
Community: Oakland Twp (63101)
Tract: GOODISON HILLS SUB NO 2
The price of this listing was last reduced on 3/9/2018 by 0%
Status: Sold

Fantastic opportunity to own this amazing 5191 sq ft 5 bedrm home w/ 4.2 baths, finished daylight basemt & 5 car garage on a private .57 acre lot! Baldwin/Van Hoosen /Adams HS ranked #1 in the State! Pristine is the only way to describe this one of a kind house. Lafata Kitchen, all high end appliances you would expect in a million $ plus home, exotic granite island w/ seating for 6, all bedrms are up plus kids playrm, master retreat with 2 massive closets & spa bath. Finished basemt has full kitchen, bar, dad?s workshop & plenty of room for the kiddies to play. Outdoor oasis w/ length of the home brick paver patio, built in grill w/ work area, garage 3 opens from the back (slide up garage door) for covered entertaining and a ~ bath too! Circular drive, new roof in 14, house has been repainted, new light fixtures, new carpet, tons of amenities. Looking for an exceptional private home to raise your family? You just found it!

Listed with Berkshire Hathaway HomeServices HWWB


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$1 Million: What It Buys in the U.S. Housing Market

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One-million dollars is a lot of money to most of the world’s population, but it’s a drop in the bucket to a billionaire. The housing market in the U.S. seems to have a similar relationship with homes valued between $900,000 and $1.1 million: Some of them are sprawling estates, while others are considered middle-of-the-road homes.

HouseCanary examined homes valued around $1 million in different metropolitan statistical areas (MSAs) across the country to determine what an “average” million-dollar home looks like, from San Francisco to Tuscaloosa, Ala. We found that what a million dollars will buy can vary widely from place to place—so if you’ve got $1 million to spend on a home, here’s what you can expect to get in return.

Where $1 Million Is Big Money
In most markets, $1 million will get you a lot of house, but they might not be considered mansion material. We found that in the preponderance of markets (110 out of 375 metro areas), a million-dollar home is somewhere between 3,000 and 4,000 square feet. But there are also some markets where you can buy a true mansion or estate if you’re willing to spend between $900,000 and $1.1 million.

Those markets tend to be at least somewhat off the beaten path, so you may be sacrificing some shopping convenience, access to airports, or proximity to cultural, sports, or other local assets. And those markets may not also have relatively high household income, meaning you’ve got to save for a lot longer to make that million-dollar down payment. But the amount of room you’ll get to spread out and do your thing might make that kind of sacrifice well worth it!

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Ohio is one state with several big cities, but it’s in unassuming Lima, about 90 minutes northwest of Columbus, where you’ll find the best deals for $1 million. The average million-dollar home in Lima, Ohio, is 9,435 square feet and sits on a four-acre lot. It has five-plus bedrooms, four bathrooms, and 4-5 parking spots. For that million-dollar home, buyers pay about $105.99 per square foot.

In Lima, most homes are very affordable. To pay a mortgage on a median-priced home in Lima, the median-income household would spend 17.30 percent of its income. The median household income in Lima is $45,575, and you can still buy a home there for much less than $100,000. So it’s not surprising that the two million-dollar homes in Lima are much larger than average!

You’ll find similar bang for your million-dollar buck in Anniston-Oxford-Jacksonville, Ala., about an hour and 20 minutes northeast of Birmingham, where the average million-dollar home is 8,354 square feet and sits on a five-acre lot. It has three bedrooms, 2.5 bathrooms, and 4-5 parking spaces. The price-per-square foot in this corner of Alabama for a million-dollar home is about $119.70.

Homes are also very affordable in Anniston-Oxford-Jacksonville, with the median household spending just shy of 17 percent of total household income ($41,954 annually) on a median-priced house.

Texas is another state with several big cities—Houston and Dallas are two of the biggest cities in the country. In Wichita Falls, Texas, about two hours and change northeast of Dallas, your average million-dollar home comes on a whopping 60-acre lot and is 7,852 square feet. The price-per-square foot is about $127.36—still very reasonable. It has five bedrooms, 4.5 bathrooms and four parking spots, and the median household in Wichita Falls spends just 13.94 percent of its annual $46,043 income on a median-priced home.

$1 Million in the Middle
Even though there are more homes between 3,000 and 4,000 square feet than between 4,000 and 5,000, the average square footage for a million-dollar home across all metros studied is 4,305 square feet—which is quite a bit of room to stretch out, but still only about half the size of the biggest million-dollar homes in the country.

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In the Nashville MSA (which also includes Davidson, Murfreesboro and Franklin, all in Tennessee), an average million-dollar home is 4,302 square feet, with 3-4 bedrooms, four bathrooms, and three parking spots nestled on a 0.96-acre lot. The price-per-square foot is $232.45—more than double the price per square foot in Lima, Ohio.

Affordability in Nashville is also middle-of-the-road: Most economists suggest that households spend no more than 30 percent of their total income on housing, and in Nashville, a median-priced house costs 30.5 percent of the median household income, which is $56,152 annually.

Richmond, Va., and St. Louis (spanning both Missouri and Illinois) are also relatively average markets. In Richmond, an average million-dollar house is 4,312 square feet on an 0.85-acre lot, with four bedrooms, four bathrooms, and two parking spots. The price-per-square foot is $231.91, slightly lower than in Nashville. A median home for a median household in Richmond uses 29.17 percent of its $61,124 annual household income.

And in St. Louis, the average million-dollar home is 4,330 square feet on a 0.93-acre lot. It also has four bedrooms, four bathrooms, and two parking spots. The price-per-square foot is very close to both Richmond and Nashville at $230.95. In St. Louis, the median household (which makes $56,726 per year) spends 21.83 percent of its income on a median-priced home.

Million-Dollar Babies
It makes sense that in areas where housing is more affordable, million-dollar homes are larger. But what happens when affordability starts to creep up (and up…and up)?

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As you might guess, when affording a home captures more and more of a median household’s income, the million-dollar homes get smaller. The smallest average million-dollar home in the country is in San Jose-Sunnyvale-Santa Clara, Calif., at 1,576 square feet, on a 0.13-acre lot. It has three bedrooms, two bathrooms, and two parking spots, and in this MSA, the median household spends 76.33 percent of its income ($100,469 annually) on a median-priced home. The price-per-square foot is an eye-popping $634.52, almost six times what you’d pay in Lima, Ohio, for a home.

In San Francisco-Oakland-Hayward, Calif., you’ll find a slightly bigger average million-dollar home at 1,600 square feet, on a 0.13-acre lot, with three bedrooms, two bathrooms, and two parking spots. The price-per-square foot is $625, just $9.52 lower than in San Jose-Sunnyvale-Santa Clara. A median household in the Bay Area makes $85,947 per year and typically spends 80.20 percent of its total income on a median-priced home.

Honolulu is another market with small average million-dollar properties. In Honolulu, the average million-dollar home is 1,846 square feet on a 0.15-acre lot, with four bedrooms, two bathrooms, and two parking spots. The price-per-square foot for a Honolulu million-dollar home is $541.71—definitely more reasonable than its San Francisco counterparts, but still almost double what you’d pay in Nashville, Richmond or St. Louis. The median household in Honolulu (which makes $77,161 per year) spends 61.62 percent of its income on a median home—still more than double the recommended amount, but much more reasonable than San Jose or San Francisco.

In Boulder, Colo., you can get slightly more square footage for a million dollars than in San Francisco. The average Boulder million-dollar home is 2,270 square feet on a 0.24-acre lot, costing $440.53 per square foot. It has four bedrooms and 2.5 bathrooms, with two parking spots, and the median household spends just over half (51.39 percent) of its $72,282 annual income on a median home.

If I Had a Million Dollars…
Would you rather have a vast estate in Lima, Ohio, or Wichita Falls, Texas, or a cozy family home in San Francisco or Honolulu? Maybe opting for something middle-of-the-road in St. Louis or Nashville makes more sense…and it’s less square footage to clean!

This was originally published on HouseCanary. For more information, please visit www.housecanary.com.

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Listing This Summer? The Best Investments to Make Outdoors

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Are you listing this summer? Get your outdoors in shape—it can pay off.

According to National Association of REALTORS® (NAR) research, certain exterior improvements are likely to recoup at resale. Based on feedback from REALTORS®—who, through their experience, know what house hunters are ready to spend on—the best enhancements are lawn care, landscape maintenance and tree care, and installing an irrigation system. Landscape/lawn care pays for itself—generally 100 percent of the expense or more is recovered, according to the research—while irrigation has a promising ROI of 86 percent.

For homeowners not selling yet, exterior improvements can be satisfying in and of themselves. Assigning a “Joy Score” from one to 10, with 10 anteing up the most enjoyment, both a fire feature and an irrigation system earned 10s, followed by a new wood deck or water feature (both 9.8s), “statement landscaping” (9.7) and an “overall landscape upgrade” (9.6), the research shows.

“REALTORS® understand that a home’s first impression is its curb appeal, so when it comes time to sell, a well-manicured yard can be just as important as any indoor remodel,” says NAR President Elizabeth Mendenhall. “Even homeowners with no immediate plans to sell can gain more enjoyment and satisfaction from their home by taking on a project to revive their outdoor spaces.”

MORE: A Front Door, Flooring and Other ‘Happy’ Home Upgrades

Additionally, appearances matter beyond the residential space. Forty-three percent of REALTORS® have advised a commercial owner to improve the outside of the property, including lawn care, landscape management and an “overall landscape upgrade,” the research shows.

“It is not just homeowners that need to think about curb appeal when it comes time to sell; a beautiful exterior is just as important for commercial property owners,” Mendenhall said. “In fact, 81 percent of REALTORS® said they believe curb appeal is important in attracting a buyer.”

“This report validates that landscaping is an investment worth making, offering the immediate benefits of increased enjoyment of your property, as well as desirable long-term value that holds if or when it comes time to sell,” says Missy Henriksen, vice president, Public Affairs, at the National Association of Landscape Professionals (NALP), which collaborated with NAR on the report. “From lawn and tree care to installing a new fire or water feature or landscape lighting, there’s no shortage of opportunities to enhance your landscape and to reap the benefits these upgrades provide.”

For more information, please visit www.nar.realtor.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

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$429,000 :: 1824 N ADAMS Road, Rochester Hills MI, 48306

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4 beds, 2.1 baths
Home size: 3,519 sq ft
Lot Size: 21,780 sq ft
Added: 05/27/18, Last Updated: 05/27/18
Property Type: Single Family
MLS Number: 218046609
Community: Rochester Hills
Tract: HAWTHORN SUB NO 1
Status: Active

Fully remodeled custom home. Better than new construction! Gorgeous panoramic views throughout the property of large pond with two fountains. High end finishes throughout. Custom kitchen with top of the line cabinetry, granite, high end stainless steel appliances & large island with seating. Kitchen completely opens to two story family room with vaulted ceilings & natural fireplace. Formal living room features another natural fireplace & full pond views. Brand new custom porcelain tiling throughout main level. Exquisite custom rought iron staircase in 2 story foyer. Library features french doors & brand new wide plank espresso hardwood flooring. Brand new windows, new furnace, hot water tank & A/C. Fully finished walk-out basement with additional fireplace. Master bedroom features a walk in closet & custom stunning master bath with jetted tub & European glass shower doors. Walk to Adams High School, Van Hoosen Middle School, & Musson Elementary. Home Warranty Included.

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$625,000 :: 790 BRANTFORD Road, Oakland Township MI, 48306

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5 beds, 3.2 baths
Home size: 3,141 sq ft
Lot Size: 202,118 sq ft
Added: 05/26/18, Last Updated: 05/26/18
Property Type: Single Family
MLS Number: 218046526
Community: Oakland Twp
Status: Active

Paradise found in this ranch style home on over 4 acres minutes from downtown Rochester and the Paint Creek Trail. Frank Lloyd Wright influenced design with Stunning views from every window of this picturesque, private setting. Rolling wooded land with a pond & creek running through the property. Over 5300 finished square feet this has much to offer with attention to detail from a time gone by. Grand foyer, wood ceiling, great room has wet bar & floor to ceiling windows that brings the outside in. Spectacular kitchen, walk in pantry & breakfast room. A master suite fit for a king has door wall to deck, fireplace & walk-in cedar closet. Finished walkout lower level perfect for entertaining with expansive wet bar, fireplace & plenty of natural light. Walk out to the stunning in-ground pool that has recently been renovated. Approximately 500 sq ft of newer cedar decking wraps around the back. Newer roof & furnace. This is a true gem, paved roads, no association, won’t last long!

Listed with RE/MAX Encore


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$365,000 :: 1970 N FAIRVIEW Lane, Rochester Hills MI, 48306

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4 beds, 2.1 baths
Home size: 2,520 sq ft
Lot Size: 14,810 sq ft
Added: 04/01/18, Last Updated: 05/24/18
Property Type: Single Family
MLS Number: 218025301
Community: Rochester Hills
Tract: NORTH FAIRVIEW FARMS NO 1
Status: Sold

Beautifully maintained & remodeled colonial in the highly desirable sub of north Fairview farms. Large master suite w/beautiful bath & 2 walk-in closets. Updated kitchen opens to warm & cozy family room w/fireplace, second floor laundry. Freshly painted. Great location, near shopping, highways, & schools.

Listed with Century 21 Sakmar & Assoc


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$573,000 :: 4853 GOODISON PLACE DR, Rochester MI, 48306-1674

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4 beds, 6 baths
Home size: 3,305 sq ft
Lot Size: 28,314 sq ft
Added: 02/26/18, Last Updated: 05/23/18
Property Type: Single Family
MLS Number: 21417109
Community: Oakland Twp (63101)
Tract: GOODISON PLACE SUB NO 2
Status: Sold

Welcome to this spectacular home located in the prestigious Goodison Place neighborhood. Impress your guests, when they walk in with warm hardwood floors, 8′ solid doors throughout and beautiful detailed moldings and windows. the dining room and butler’s pantry connect to the gourmet kitchen that features premium cabinets, granite and built-in appliances. Enjoy Morning coffee or unwind with a glass of wine in the Florida room that offers picture perfect views onto the rock garden, brick paver patio and the best sledding hill in the sub. Perfectly placed within a private cul-de-sac and on .65 acres of land, the home features a Bright 2 story Great Room, 1st floor master bedroom with luxurious bath, and his/hers walk in closets. Upstairs has 3 large bedrooms with large closets and attached baths. Professionally finished lower level with a family and exercise room, craft and kids play room, and 1/2 bath. Updated Incl: Roof, Carpet, Landscaping, and water heater.

Listed with Coldwell Banker Weir Manuel-Roch


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited

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Americans’ earnings, generally, have gotten a lift on payday as a result of the Tax Cuts and Jobs Act. With cuts come more discretionary spending—and, although there are changes to homeowner incentives, almost $40 billion of it is going into the housing market, according to a new report by Zillow.

“Despite new limits to two longstanding tax benefits for homeowners, the typical American taxpayer saw their tax burden fall in 2018 as a result of tax reform,” says Aaron Terrazas, senior economist at Zillow. “Some of these tax savings will still find their way into the American housing market, even though they were not explicitly targeted there, as renters and homeowners decide to use their tax savings to rent or buy a bigger home, or renovate their existing home.”

Approximately $13.2 billion is estimated to flood into market as owners and renters trade up, while $24.7 billion is expected to be invested in remodeling projects, the report reveals. With an average $1,610 saved per taxpayer (according to the nonpartisan Tax Policy Center), homeowners are projected to spend 15 cents on the dollar to renovate; renters, 11 cents to trade up.

The disparity between dollars for remodeling and trading up is in line with a growing trend: homeowners are forgoing moving up and investing in projects instead of purchasing. While the existing housing stock is in need of updates, when homeowners stay put, inventory shrinks—and currently, inventory is at its lowest on record.

According to the report, compared to higher-income households, Americans in the bottom income tier—who average $60 in savings from the Tax Cuts and Jobs Act—are allocating more of those savings to trade up.

“Lower-income households will spend more of their tax cut on buying or renting a bigger home, adding demand to an already rapidly appreciating housing market,” Terrazas says.

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

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