Seller's Agent in 2024
Albert Mughannem
Preferred, Realtors® Ltd
(734) 476-3847
3 in this area
134 Total Sales
22900 Lake Way Farmington, MI 48336
Estimated Value: $168,000 - $196,000
2
Beds
1
Bath
717
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Ranch Style House
- Ground Level Unit
- 2 Car Detached Garage
- Farmington High School Rated A-
- No HOA
- Porch
About This Home
As of April 2024Nestled on a sprawling lot, away from the hustle and bustle, lies the Cozy Country Cottage—your perfect escape to peace and comfort. This charming two-bedroom home offers the best of both worlds: countryside serenity while remaining close to all the conveniences you desire.
Move-in ready and budget-friendly: Enjoy the ease of a newly updated kitchen and bathroom. The bathroom has luxurious heated floors. This home is priced to sell and even cheaper than renting, making it an unbeatable value.
Energy-efficient and modern: Newer windows and a tankless water heater ensure lower utility bills.
The 2.5-car detached garage provides ample space for vehicles, while the workshop area allows you to pursue your hobbies. Unwind and entertain in your private, fenced-in backyard.
This is a perfect house for first-time home buyers seeking an affordable and delightful starter home or downsizers who desire a comfortable and manageable living space.
Attention: Google maps does not accurately navigate to this address. Please use Shiawassee or Grand River to enter Lake Way.
Last Agent to Sell the Property
Preferred, Realtors® Ltd License #6501228441 Listed on: 02/29/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1920 | Remodeled in 2019
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 50 x 253
- Back Yard Fenced
Parking
- 2 Car Detached Garage
Home Design
- Ranch Style House
- Asphalt Roof
- Cedar
- Vinyl Construction Material
Interior Spaces
- 717 Sq Ft Home
- Ceiling Fan
- Crawl Space
Kitchen
- Free-Standing Gas Oven
- Free-Standing Gas Range
- Range Hood
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
- Porch
Location
- Ground Level Unit
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Tankless Water Heater
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2327427009
Community Details
Overview
- No Home Owners Association
- Brookdale Sub Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Apr 19, 2024
Sold by
Schwartz Robert K
Bought by
Bean Alexa
Seller's Agent
Albert Mughannem
Preferred, Realtors® Ltd
Buyer's Agent
Kimberly Shankle
LPT Realty, LLC
List Price
$180,000
Sold Price
$181,000
Premium/Discount to List
$1,000
0.56%
Views
342
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,066
Avg. Annual Appreciation
1.88%
Original Mortgage
$175,570
Outstanding Balance
$172,876
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$13,190
Purchase Details
Closed on
Apr 30, 2002
Sold by
Espinosa Dante F
Bought by
Schwartz Robert K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.07%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bean Alexa | $181,000 | Ata National Title | |
| Bean Alexa | $181,000 | Ata National Title | |
| Bean Alexa | $181,000 | Ata National Title | |
| Schwartz Robert K | $103,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bean Alexa | $175,570 | |
| Closed | Bean Alexa | $175,570 | |
| Previous Owner | Schwartz Robert K | $78,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $181,000 | +0.6% | $252 / Sq Ft |
| 03/13/2024 03/13/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $180,000 | -- | $251 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,582 | $75,670 | $0 | $0 |
| 2023 | $1,518 | $68,940 | $0 | $0 |
| 2022 | $1,815 | $66,400 | $0 | $0 |
| 2021 | $1,785 | $57,370 | $0 | $0 |
| 2020 | $1,420 | $48,270 | $0 | $0 |
| 2019 | $1,775 | $46,350 | $0 | $0 |
| 2018 | $1,654 | $38,540 | $0 | $0 |
| 2017 | $1,613 | $38,540 | $0 | $0 |
| 2016 | $1,613 | $36,880 | $0 | $0 |
| 2015 | -- | $34,270 | $0 | $0 |
| 2014 | -- | $31,860 | $0 | $0 |
| 2011 | -- | $30,530 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Mughannem
-
Theresa Mughannem
T
Seller Co-Listing Agent in 2024
Theresa Mughannem
Preferred, Realtors® Ltd
(734) 453-6800
2 in this area
87 Total Sales
-
Kimberly Shankle
Buyer's Agent in 2024
Kimberly Shankle
LPT Realty, LLC
(248) 302-6763
1 in this area
14 Total Sales
Map
Source: Realcomp
MLS Number: 20240012463
APN: 23-27-427-009
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IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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