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CondominiumResidential
$416,147$165 / 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 94How 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
Last sold for $400,000 on Oct 29, 2020

5505 MILL RACE WAY

COMMERCE TOWNSHIP, MI 48382
4
Beds
2.5
Baths
2,523 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.
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
2000
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
9
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$416K
$392K low$440K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$400,000 · Oct 29, 2020
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.$36,147
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$28,918
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.73%
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.$380,000
MICHIGAN FIRST CU · recorded Oct 29, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,883 (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.$226,050 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$217,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$452,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Colonial
CountyOAKLAND
Lot (acres)The size of the land the home sits on, from county records.0.28
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 82 ft²

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Commerce Elementary SchoolA-
Elementary · Grades KG–5 · 0.6 mi
H
Walled Lake Northern High SchoolA
High · Grades 9–12 · 0.8 mi
M
Clifford H. Smart Middle SchoolA-
Middle · Grades 6–8 · 1.9 mi

District: Walled Lake Consolidated Schools

Neighborhood · ZIP 48382These 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.70
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.20

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.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.23,920
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,325 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$129,440
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$147,343
Average tempThe average temperature here across a full year.48°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

5505 Mill Race Way 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.

  • Costs less per square foot than 93% of homes in Commerce Township 48382
  • Bigger than 78% of homes in Oakland County
  • Has a smaller lot than 69% of homes in Commerce Township 48382
  • Newer than 87% of homes in Oakland County

What homes are worth in Commerce Township 48382

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

This home
$178K$1.2M

This home is worth more than 44% of homes in Commerce Township 48382.

How it measures up in Commerce Township 48382

The dot is this home. The mark in the middle is the typical home in Commerce Township 48382.

Estimated value$416,147
CheaperTypical $453,976Pricier

Pricier than 44% of homes nearby

Price per ft²$165
CheaperTypical $212Pricier

Pricier than 7% of homes nearby

Living area2,523 ft²
SmallerTypical 2,118 ft²Bigger

Bigger than 67% of homes nearby

Lot size0.28 ac
SmallerTypical 0.35 acBigger

Bigger than 31% of homes nearby

Year built2000
OlderTypical 1987Newer

Newer than 77% of homes nearby

How 5505 Mill Race Way ranks against every home in each area.
MeasureThis homeCommerce Township 48382Oakland County
Estimated valuepricier than$416,14744% of homes62% of homes
Price per ft²pricier than$1657% of homes23% of homes
Living areabigger than2,523 ft²67% of homes78% of homes
Lot sizebigger than0.28 ac31% of homes47% of homes
Year builtnewer than200077% of homes87% of homes

About 5505 Mill Race Way

How much is 5505 Mill Race Way, Commerce Township, MI worth?

The TopHap Estimate for 5505 Mill Race Way, Commerce Township, MI is $416,147 as of Jul 14, 2026. The likely range is $391,835 to $440,459. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5505 Mill Race Way, Commerce Township, MI last sell?

5505 Mill Race Way, Commerce Township, MI last sold on Oct 29, 2020 for $400,000, according to the county's recorded deed. TopHap holds 5 recorded sales for this parcel.

How big is 5505 Mill Race Way, Commerce Township, MI?

5505 Mill Race Way, Commerce Township, MI has 4 bedrooms, 2.5 bathrooms, 2,523 square feet of living space and a 0.28-acre lot.

When was 5505 Mill Race Way, Commerce Township, MI built?

5505 Mill Race Way, Commerce Township, MI was built in 2000, making it 26 years old. It is a colonial home. The building has 2 stories.

What schools serve 5505 Mill Race Way, Commerce Township, MI?

5505 Mill Race Way, Commerce Township, MI is assigned to Commerce Elementary School (elementary), rated A-; Walled Lake Northern High School (high), rated A; Clifford H. Smart Middle School (middle), rated A-. All sit in Walled Lake Consolidated Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5505 Mill Race Way, Commerce Township, MI compare to other homes in Commerce Township 48382?

Among the 8,948 homes in Commerce Township 48382, it is worth more than 44% of them ($416,147 against a typical $453,976), its price per square foot is higher than 7% of them ($165 against a typical $212), it is bigger than 67% of them (2,523 ft² against a typical 2,118 ft²), its lot is bigger than 31% of them (0.28 ac against a typical 0.35 ac) and it is newer than 77% of them (2000 against a typical 1987). Measured against all of Oakland County, it is worth more than 62% 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 5505 Mill Race Way, Commerce Township, MI?

The 2025 property tax bill for 5505 Mill Race Way, Commerce Township, MI was $3,883. The county assessed it at $226,050.

Closest homes

More homes in Commerce Township 48382

Assigned schools

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