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5000 Town Ctr Suite 801, Southfield, MI, 48075

2beds
2baths
2,756sqft
$140,000
$51price/sqft
$1,285/moest. monthly cost
$51,400/yrincome needed

About This Home

New price of $155,000!! Beautiful high-rise condo in the heart of Southfield perfectly located for convenience near I-696, M-10, and the Southfield business center. This open floor plan is ideal for entertaining and relaxation! Sitting on the 8th floor in unit 801, the large windows allow for great views with natural light! Stunning landscaped grounds with picnic areas and grills, 24/7 concierge, heated swimming pool and sun deck, fitness center, sauna, parking structure w/two assigned parking spaces unit. A desired blank canvas to make your own. Schedule your showing today!

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Slab,Stone
  • Construction materials: Stone

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Microwave,Range/Oven,Refrigerator,Washer,Electric Water Heater

Basement

  • Basement: Stone

Bathroom1

  • Level: Entry
  • Area: 45

Bathroom2

  • Level: Entry
  • Area: 45

Bedroom1

  • Level: Entry
  • Area: 192

Bedroom2

  • Level: Entry
  • Area: 150

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Entry
  • Area: 110

Features

  • Finished area below ground: 1,378
  • Finished area above ground: 1,378

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,756
  • Total interior livable area: 2,756 sqft

Kitchen

  • Area: 104

Living Room

  • Level: Entry
  • Area: 260

Property

Accessibility

  • Accessibility features: Accessible Main Flr Bedrm,Accessible Main Flr Bath

Details

  • Parcel number: 762422427049
  • Special condition: Private

Features

  • Exterior features: Tennis Court(s)

Lot

  • Features: Sidewalks,Subdivision

Parking

  • Total spaces: 2
  • Parking features: Covered,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Ice Storm
Strong Wind

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $707$8,484
Home Insurance *$133$1,596
Property Taxes $145$1,740
Electricity $300$3,607
Total$1,285$15,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,057/yr
40% on housing$38,550/yr
45% on housing$34,266/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$51This listing

vs Other Active Listings

Avg $/sqft

ZIP 48075$122
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48075$140
Oakland County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-17Price change$155,000
2026-01-19Listed for sale$165,000
2025-12-09Listing removed$174,900
2025-10-14Price change$174,900
2025-09-21Price change$184,000
2025-05-29Listed for sale$190,000
1997-04-29Sold$116,000

For Sale by Agent

AgentBobby Echols
BrokerageRealty Executives Home Towne Shelby

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