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    3653 Phillips Ave Berkley, MI 48072

    View on Map
    Sponsored
    For Sale
    $1,300,000

    Colonial,Farmhouse - Berkley, MI

    Type:Farm
    Property size:
    4,207 SF
    Lot size:
    0.18 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 16 at 8:06 am

    Property Features for 3653 Phillips Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    4
    APN
    2507382021
    Parking features
    Garage
    Interior features
    Cable Available, Circuit Breakers, Egress Window(s), Furnished - No, Wet Bar
    Exterior features
    Awning/Overhang(s), Gutter Guard System
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Garbage Disposer, Oven - Gas, Refrigerator, Washer
    Size
    4,207 SF
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Floors in Building
    2
    Building materials
    Other
    Roof type
    Asphalt, Metal
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Michael C Seifert

    New Michigan Realty (844) 639-6424

    Listing agent Michael C Seifert (844) 639-6424

    Listing date Mar 15, 2026

    MLS# 20261016555 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Berkley Home Near Downtown

    This 4,207 sq ft home, built in 2026, features 7 bedrooms and 4 full baths. Located in Berkley, MI, it is within walking distance of downtown Berkley, near Royal Oak, and minutes from Corewell Hospital. The exterior includes Hardie board siding, Andersen windows, a metal roof over the front porch, and an oversized 2.5-car garage with a custom door and EV charging plug. Inside, the home features 10-foot ceilings and a chandelier foyer. The kitchen includes a 10-foot island, walk-in pantry, stainless steel appliances, and cabinetry, with two dining areas connected by a wet bar that flows into a living room with an electric fireplace. A mudroom includes a bench and shoe storage. The primary suite offers a private balcony, spa bath with designer tile flooring, walk-in shower, soaking tub, private toilet room, and a walk-in closet, plus an activity room that can function as a sitting room, home office, or additional bedroom. Five additional bedrooms include a Jack and Jill bath, with downstairs rooms suitable as bedrooms, offices or guest suites. The full basement features a Polyaspartic coated floor, 3 egress windows, and pre-plumbing for a 5th bathroom. Additional features include a split HVAC system with dual thermostats, double-insulated interior walls, a French drain and water management system with dual basins tied to city sewer, and a sump pump. The property has a large backyard and is situated on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkley
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1972412
    Latitude
    42.5051754

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    FAQs

    What type of property is this?
    Single family property - A 4,207 sq ft, 7-bedroom home built in 2026.
    Where is this single family property located?
    The property is located at 3653 Phillips Ave Berkley, MI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Spacious **4,200 sq ft new construction** (built in 2026) with 7 bedrooms and 4 full baths.; - Prime location: walking distance to downtown Berkley, near Royal Oak, and close to Corewell Hospital.; - **Chef's kitchen with 10-foot island**, walk-in pantry, stainless steel appliances, and wet bar connecting to the living room.
    (844) 639-6424
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    3653 Phillips Ave Berkley, MI 48072
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    Berkley, MI 48072
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3653 Phillips Ave Berkley, MI 48072
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    Listing Contact
    Michael C Seifert
    (844) 639-6424
    Learn more
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