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Single Family ResidenceResidential
$390,353$170 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

27507 PRATT RD

RICHMOND, MI 48062
2.5
Baths
2,302 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
4.08 ac
Lot SizeThe size of the land the home sits on, from county records.
2003
Year BuiltThe year the home was originally built, according to county records.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$390K
$364K low$416K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$59,353
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$47,482
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.64%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$231,000
LAKESTONE BK&TR · recorded May 18, 2020
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$100,000
LAKESTONE BK&TR

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,587 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$289,200 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$258,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$578,400

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMACOMB
Lot (acres)The size of the land the home sits on, from county records.4.08
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Armada High SchoolA-
High · Grades 9–12 · 3.2 mi
E
Orville C Krause Elementary SchoolA-
Elementary · Grades PK–5 · 3.3 mi
M
Armada Middle SchoolB-
Middle · Grades 6–8 · 3.4 mi

District: Armada Area Schools

Neighborhood · ZIP 48062These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.104
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.108
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.24

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.10,003
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.253 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,566
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$100,662
Average tempThe average temperature here across a full year.47°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.53%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

27507 Pratt Rd measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 81% of homes in Richmond 48062
  • Bigger than 86% of homes in Richmond 48062
  • Has a bigger lot than 95% of homes in Macomb County
  • Newer than 89% of homes in Macomb County

What homes are worth in Richmond 48062

Each bar is how many homes fall in that price range. The marker is this home.

This home
$142K$600K

This home is worth more than 81% of homes in Richmond 48062.

How it measures up in Richmond 48062

The dot is this home. The mark in the middle is the typical home in Richmond 48062.

Estimated value$390,353
CheaperTypical $287,000Pricier

Pricier than 81% of homes nearby

Price per ft²$170
CheaperTypical $177Pricier

Pricier than 41% of homes nearby

Living area2,302 ft²
SmallerTypical 1,616 ft²Bigger

Bigger than 86% of homes nearby

Lot size4.08 ac
SmallerTypical 0.51 acBigger

Bigger than 83% of homes nearby

Year built2003
OlderTypical 1990Newer

Newer than 86% of homes nearby

How 27507 Pratt Rd ranks against every home in each area.
MeasureThis homeRichmond 48062Macomb County
Estimated valuepricier than$390,35381% of homes78% of homes
Price per ft²pricier than$17041% of homes41% of homes
Living areabigger than2,302 ft²86% of homes85% of homes
Lot sizebigger than4.08 ac83% of homes95% of homes
Year builtnewer than200386% of homes89% of homes

About 27507 Pratt Rd

How much is 27507 Pratt Rd, Richmond, MI worth?

The TopHap Estimate for 27507 Pratt Rd, Richmond, MI is $390,353 as of Jul 14, 2026. The likely range is $364,465 to $416,241. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 27507 Pratt Rd, Richmond, MI last sell?

27507 Pratt Rd, Richmond, MI last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 27507 Pratt Rd, Richmond, MI?

27507 Pratt Rd, Richmond, MI has 2.5 bathrooms, 2,302 square feet of living space and a 4.08-acre lot.

When was 27507 Pratt Rd, Richmond, MI built?

27507 Pratt Rd, Richmond, MI was built in 2003, making it 23 years old.

What schools serve 27507 Pratt Rd, Richmond, MI?

27507 Pratt Rd, Richmond, MI is assigned to Armada High School (high), rated A-; Orville C Krause Elementary School (elementary), rated A-; Armada Middle School (middle), rated B-. All sit in Armada Area Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 27507 Pratt Rd, Richmond, MI compare to other homes in Richmond 48062?

Among the 3,318 homes in Richmond 48062, it is worth more than 81% of them ($390,353 against a typical $287,000), its price per square foot is higher than 41% of them ($170 against a typical $177), it is bigger than 86% of them (2,302 ft² against a typical 1,616 ft²), its lot is bigger than 83% of them (4.08 ac against a typical 0.51 ac) and it is newer than 86% of them (2003 against a typical 1990). Measured against all of Macomb County, it is worth more than 78% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 27507 Pratt Rd, Richmond, MI?

The 2025 property tax bill for 27507 Pratt Rd, Richmond, MI was $5,587. The county assessed it at $289,200.

Closest homes

More homes in Richmond 48062

Assigned schools

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