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553 Village Ln, Milford, MI, 48381

4beds
4baths
2,500sqft
$399,999
$160price/sqft
$2,835/moest. monthly cost
$113,400/yrincome needed

About This Home

Welcome to this exquisite new-construction condo/townhouse in Uptown Village of Milford, where modern luxury meets an unbeatable location. Thoughtfully upgraded with all-new custom blinds and a professionally epoxied garage floor, this meticulously crafted home is truly move-in ready. The main level features premium luxury plank flooring, soaring 9-foot ceilings, and an expansive family room filled with natural light. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting setting for everyday living and entertaining. At the heart of the home, the stunning kitchen offers premium stainless steel appliances, generous counter space, and elegant quartz countertops. The adjoining dining area is ideal for hosting gatherings, while a convenient door-wall opens to a spacious deck that extends the living space outdoors. A well-appointed powder room completes the main level. Upstairs, the luxurious primary suite provides a peaceful retreat with a private sitting area, walk-in closet, and spacious bathroom featuring an oversized shower. This level also includes a comfortable guest bedroom, full hall bathroom, and conveniently located laundry room with washer and dryer included. The versatile third floor can serve as a third bedroom, second primary suite, home office, or private guest retreat. Complete with a full bathroom and generous sitting area, it offers exceptional flexibility and privacy. The walkout basement has the attached 1.5 car garage with extra storage, a flex room and the 4th bedroom, which is currently being used as the office with a daylight egress window. Enjoy sophisticated, low-maintenance living just moments from the shops, restaurants, and amenities of downtown Milford. The majority of the furnishings are negotiable!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

8/10
Muir Middle SchoolGrades 5-80.5 mi
8/10
Milford High SchoolGrades 7-121.6 mi
6/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2023

Materials

  • Foundation: Basement,Poured
  • Roof: Asphalt
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Built In Electric Oven,Built In Refrigerator,Dishwasher,Disposal,Dryer,Electric Cooktop,Microwave,Washer
  • Laundry features: Gas Dryer Hookup,Laundry Room,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Partially Finished,Walk Out Access

Bedroom

  • Level: Second
  • Area: 110
  • Dimensions: 11 X 10

Bedroom

  • Level: Third
  • Area: 340
  • Dimensions: 20 X 17

Bedroom

  • Level: Basement
  • Area: 99
  • Dimensions: 11 X 9

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 160
  • Dimensions: 16 X 10

Features

  • High Speed Internet
  • Window features: Egress Windows
  • Finished area below ground: 371
  • Finished area above ground: 2,129

Flex Room

  • Level: Basement
  • Area: 99
  • Dimensions: 11 X 9

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fans,Central Air

Interior Area

  • Total interior livable area: 2,500 sqft

Kitchen

  • Level: Entry
  • Area: 156
  • Dimensions: 13 X 12

Laundry

  • Level: Second
  • Area: 24
  • Dimensions: 6 X 4

Living Room

  • Level: Entry
  • Area: 255
  • Dimensions: 17 X 15

Other

  • Level: Second
  • Area: 45
  • Dimensions: 9 X 5

Other

  • Level: Third
  • Area: 40
  • Dimensions: 8 X 5

Other

  • Level: Entry
  • Area: 18
  • Dimensions: 6 X 3

Primary Bathroom

  • Level: Second
  • Area: 60
  • Dimensions: 10 X 6

Primary Bedroom

  • Level: Second
  • Area: 238
  • Dimensions: 17 X 14

Property

Details

  • Parcel number: 1603479093
  • Special condition: Short Sale No,Standard

Features

  • Levels: Three
  • Stories: 3
  • Entry location: GroundLevelwSteps
  • Pool features: None
  • Patio & porch: Covered,Deck,Porch
  • Exterior features: Awnings,Balcony,Lighting
  • Fencing: Fencingnot Allowed

Lot

  • Features: Dead End Street,Level

Parking

  • Total spaces: 1.5
  • Parking features: Oneand Half Car Garage,Attached,Direct Access,Garage Faces Rear
  • Has garage: Yes
  • Attached garage spaces: 1.5

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
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Inland Flooding
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 $2,022$24,264
Home Insurance *$125$1,500
Property Taxes $416$4,992
Electricity $272$3,272
Total$2,835$34,020
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$97,200/yr
40% on housing$85,050/yr
45% on housing$75,600/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

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 48381$252
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48381$239
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)

No zestimate history available

Price History

DateEventPrice
2026-08-05Price change$407,000
2026-07-14Listed for sale$399,999
2025-01-01Listing removed$390,000
2024-07-29Listed for sale$390,000
2024-06-24Pending sale$390,000
2023-11-28Listed for sale$390,000

New Construction

AgentThomas Gaunt
BrokerageKW Showcase Realty

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