$1,200,000
SOLD FEB 25, 2025

24750 Franklin Farms Dr Franklin, MI 48025

4 Beds
6 Baths
4,464 Sq Ft
1 Acres

Recently Sold

$269 Per Sq Ft

15% Below List Price

135 Days on Market

Highlights

  • Gated Community
  • Colonial Architecture
  • Jetted Tub in Primary Bathroom
  • Wylie E. Groves High School Rated A+
  • Deck
  • Gazebo

About This Home

As of February 2025

This home is located in a private gated community nestled on a lush, private 1-acre lot and boasts 4,464 square feet of living space. In addition, the lower level 2,627 Square feet has a 44' x 42' recreational room, wet bar, home gym, and lots of storage area. This home has a bright and airy ambiance with an abundance of windows and skylight allowing natural light to flood the large living spaces. The floor plan makes this an entertainer’s dream home! Featuring primary suite, primary bath updated (2020), jetted tub, 2 large walk-in-closets 15' x 17' and 15' x 10', 4 bedrooms, 4.2 baths, 3-car garage, kitchen with granite counter tops, roof (2021), home office, 2 gas fireplaces, whole-house generator, reverse osmosis system, security cameras, alarm system, sound system throughout, brick paver patio, gas fire pit and gazebo with an outdoor television. An elevator can be added. The property is easily accessible to prestigious Birmingham public and private schools, and is less than 30 minutes to downtown Detroit nightlife, culture, museums, casinos, Detroit Lions, and Little Caesars Arena.

Last Agent to Sell the Property

Virginia Beckley

Berkshire Hathaway HomeServices Kee Realty Bham License #6501405039 Listed on: 10/01/2024

Berkshire Hathaway HomeServices Kee Realty Bham

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1997

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 190 x 227 x 152 x 185
  • Property fronts a private road
  • Cul-De-Sac
  • Street terminates at a dead end
  • Sprinkler System

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4,464 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Gas Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Carbon Monoxide Detectors
  • Finished Basement

Kitchen

  • Double Self-Cleaning Oven
  • Induction Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Gazebo
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Dehumidifier
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Whole House Permanent Generator
  • ENERGY STAR Qualified Water Heater
  • Natural Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2405401018
  • $25,000 Seller Concession

Community Details

Overview

  • Dave Bing/ Franklin Farms HOA
  • Franklin Farms Occpn 990 Subdivision

Additional Features

  • Laundry Facilities
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,403

Year Built

Built in 1997

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1997
  • State Equalized Value: 579840.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s), De-Humidifier, Entrance Foyer, High Spd Internet Avail, Humidifier, Intercom, Jetted Tub, Programmable Thermostat, Sound System, Furnished - No, Water Softener (owned), Wet Bar, Closed Circuit Camera(s), Fire Alarm
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room, Living Room
  • Room Count: 20
  • Total Bedrooms: 4
  • Total Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Induction Cooktop, Wine Cooler, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Free-Standing Refrigerator, Microwave, Self Cleaning Oven, Washer
  • Sq Ft Combined: 7091
  • Sq Ft Lower Floor: 2627
  • Total Sq Ft: 4464
  • Sq Ft Total Bsmt: 2627

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Exterior Features: Whole House Generator, Lighting, Gazebo
  • Foundation Materials: Poured
  • Frontage Feet: 190
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved, Private, Cul-De-Sac

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Electricity, Attached, Circular Drive
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: ENERGY STAR® Qualified Water Heater, Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Maintenance Grounds, Security
  • Association Fee Frequency: Monthly
  • Phone: Yhbing@aol.com
  • Association Fee: 167
  • Association Contact: Dave Bing/ Franklin Farms HOA
  • Association Fee: Yes

Schools

  • School District: Birmingham

Lot Info

  • Homestead: Yes
  • Lot Features: Dead End Street, Gated Community, Sprinkler(s)
  • Lot Size Area: 1.00
  • Lot Dimensions: 190 x 227 x 152 x 185
  • Parcel Number: 2405401018

Tax Info

  • Tax Amount Summer: 14167.0000
  • Tax Amount Winter: 2236.0000
  • Total Tax: 16403.0000
  • Taxable Value: 470800.0000

MLS Schools

  • School District: Birmingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2024
Closed on
Feb 25, 2025
Sold by
Revocable Trust Agreement Of W Bernard W
Bought by
Lazarus David
Seller's Agent
Virginia Beckley
Berkshire Hathaway HomeServices Kee Realty Bham
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$1,415,000
Sold Price
$1,200,000
Premium/Discount to List
-$215,000
-15.19%
Views
13684
Current Estimated Value
$1,255,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,997
Avg. Annual Appreciation
6.87%
Original Mortgage
$1,020,000
Outstanding Balance
$1,018,985
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$224,875

Purchase Details

Closed on
Jul 9, 1999
Sold by
White W Bernard
Bought by
White W Bernard and Revocable Trust Agmt Of W Bern

Purchase Details

Closed on
Dec 10, 1997
Sold by
Hometowne Building Co
Bought by
White W Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
7.28%

Purchase Details

Closed on
Jul 17, 1996
Sold by
Burger Helen E
Bought by
Franklin Farms Ltd Ptr
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,200,000 Premier Title
Warranty Deed $1,200,000 Premier Title
Interfamily Deed Transfer -- Lawyers Title Insurance Corp
Deed $640,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,020,000 New Conventional
Closed $1,020,000 New Conventional
Previous Owner $512,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $1,200,000 -11.1% $269 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
12/25/2024 12/25/24 Price Changed $1,350,000 -3.2% $302 / Sq Ft
11/10/2024 11/10/24 Price Changed $1,395,000 -1.4% $313 / Sq Ft
10/01/2024 10/01/24 For Sale $1,415,000 -- $317 / 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 $14,167 $579,840 $0 $0
2023 $13,433 $552,100 $0 $0
2022 $14,537 $482,230 $0 $0
2021 $14,476 $427,020 $0 $0
2020 $12,352 $420,040 $0 $0
2019 $11,254 $402,850 $0 $0
2018 $14,587 $418,720 $0 $0
2017 $14,783 $418,720 $0 $0
2016 $13,648 $452,800 $0 $0
2015 -- $413,500 $0 $0
2014 -- $398,130 $0 $0
2011 -- $348,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240072635

Realcomp

APN: 24-05-401-018