NOT LISTED FOR SALE

23031 Lake Way Farmington, MI 48336

Estimated Value: $229,000 - $251,000

4 Beds
2 Baths
970 Sq Ft
$245/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $200,000 $206 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,596/month

Highlights

  • Deck
  • Ranch Style House
  • No HOA
  • Farmington High School Rated A-
  • Ground Level Unit
  • Patio

About This Home

As of September 2021

Cute Ranch Home in the City of Farmington! Great location with this 970 square foot home with a finished walkout basement for even more living space! This home features a large dining room, spacious kitchen, 4 bedroom and 2 full baths. Enjoy the large deck on the main level with a retractable awning or sit outside your walkout in your private fenced in yard. Located on a quiet street and within walking distance to the Farmington High School. Ready to make your own ~ New lifetime warranty foundation system installed in August 2021

Last Agent to Sell the Property

Cynthia Champagne

Harmon Real Estate LLC License #6501311475 Listed on: 07/09/2021

Last Buyer's Agent

Patti Ray

Quest Realty LLC License #6501431689

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 970 Sq Ft Home
  • Ceiling Fan
  • Awning

Kitchen

  • Free-Standing Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Lot Dimensions are 62x157x62x158
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2327402023

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,506

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: Summer & Winter - Leaf, Recycle and Trash
  • Year Built: 1922
  • State Equalized Value: 66860.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: High Spd Internet Avail, Cable Available
  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight, Finished, Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Oven, Microwave, Washer
  • Sq Ft Combined: 1720
  • Sq Ft Lower Floor: 750
  • Total Sq Ft: 970
  • Sq Ft Total Bsmt: 832

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Awning/Overhang(s)
  • Foundation Materials: Block
  • Frontage Feet: 62
  • Porch Type: Deck, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Chiller Cooling System
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Farmington

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 62x157x62x158
  • Parcel Number: 2327402023

Tax Info

  • Tax Amount Summer: 2016.0000
  • Tax Amount Winter: 490.0000
  • Total Tax: 2506.0000

MLS Schools

  • School District: Farmington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 30, 2021
Sold by
House Dorothy K and Dorothy K House Revocable Trus
Bought by
Alkevicius Christopher and Alkevicius Shaniqwa
Seller's Agent
Cynthia Champagne
Harmon Real Estate LLC
Buyer's Agent
Patti Ray
Quest Realty LLC
List Price
$174,900
Sold Price
$200,000
Premium/Discount to List
$25,100
14.35%
Current Estimated Value
$238,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,118
Avg. Annual Appreciation
3.23%
Original Mortgage
$190,000
Outstanding Balance
$174,759
Interest Rate
2.8%
Mortgage Type
Unknown
Estimated Equity
$51,698

Purchase Details

Closed on
Jul 20, 2017
Sold by
House Dorothy K
Bought by
House Dorothy K and Dorothy K House Revocable Trust

Purchase Details

Closed on
Jan 22, 2004
Sold by
House Dorothy Kay and Barr Dorothy Kay
Bought by
House Dorothy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,400
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 1997
Sold by
Huettman David L
Bought by
Barr Dorothy Kay
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alkevicius Christopher $200,000 First American Title
House Dorothy K -- None Available
House Dorothy K -- --
Barr Dorothy Kay $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alkevicius Christopher $190,000
Previous Owner House Dorothy K $25,000
Previous Owner House Dorothy $79,230
Previous Owner House Dorothy K $84,750
Previous Owner House Dorothy K $25,000
Previous Owner House Dorothy K $100,800
Previous Owner House Dorothy K $86,000
Previous Owner House Dorothy K $59,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $200,000 +14.4% $206 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $174,900 -- $180 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

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 $3,616 $92,470 $0 $0
2023 $3,467 $86,700 $0 $0
2022 $4,004 $82,350 $0 $0
2021 $2,489 $75,010 $0 $0
2020 $2,016 $66,860 $0 $0
2019 $2,480 $64,650 $0 $0
2018 $2,308 $56,200 $0 $0
2017 $2,255 $56,200 $0 $0
2016 $2,254 $53,800 $0 $0
2015 -- $50,070 $0 $0
2014 -- $45,920 $0 $0
2011 -- $44,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Cynthia Champagne

    Harmon Real Estate LLC

    (517) 749-2200

    1 in this area

    68 Total Sales

    Cynthia Champagne
    Section Image

  • P

    Buyer's Agent in 2021

    Patti Ray

    Quest Realty LLC

    (313) 670-8984

    2 in this area

    37 Total Sales

    Patti Ray
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210054227

Realcomp

APN: 23-27-402-023

Michigan Oakland County Farmington 48336

23031 Lake Way, Farmington, MI

This home is located at 23031 Lake Way, Farmington, MI 48336 since 09 July 2021 and is currently estimated at $238,118, approximately $245 per square foot. This property was built in 1922. 23031 Lake Way is a home located in Oakland County with nearby schools including JA Lanigan Elementary School, East Middle School, and Farmington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes