NOT LISTED FOR SALE

28804 Drake Rd Farmington Hills, MI 48331

Estimated Value: $490,000 - $549,000

5 Beds
3.5 Baths
3,184 Sq Ft
$164/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $485,000 $152 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,476/month

2 Days on Market

Highlights

  • Barn
  • 1.22 Acre Lot
  • Fireplace in Primary Bedroom
  • Kenbrook Elementary School Rated A-
  • Colonial Architecture
  • No HOA

About This Home

As of October 2022

ACCEPTING BACK-UP OFFERS. Be in the Country with all of the City Amenities in this Historic Drake Road house built in Circa 1830. Wait until you see this exceptional property that is ideal for those seeking a spacious homestead. This farmhouse and estate offers a private 5 bedroom, 3.5 bath residence and Features a large red barn with loft, electric, and also a decorative silo. This Beloved Farmhouse is a Treasure with one amazing room after another each with its' own Charm, Beauty and History. Hardwood floors in most of the rooms. Gorgeous woodwork, 4 fireplaces, each one unique and special.-Living Room, Master Bedroom, Library and in the Finished Basement. Speaking of the basement, it's unlike all others. Warm and Inviting with a gorgeous wood bannister, cobblestone walls and fireplace plus the original wood trusses. The Spacious Master Bedroom has its own walk-out upstairs deck. The Charming 4 Seasons Room is perfect for enjoying the surroundings. A First Floor In-Law Bedroom En-Suite makes this a true 5 bedroom home. Turn around drive-way with plenty of parking, 3 car detached garage. This retreat is excited to have new owners that will adore and revive it like the past owners have. Estate being sold as-is. Mortgage Pre-approval or Proof of Funds must accompany all offers. B.A.T.V.A.I. See! Love! Buy!

Last Agent to Sell the Property

Marian Grout

DOBI Real Estate License #6501274842 Listed on: 09/23/2022

DOBI Real Estate

Last Buyer's Agent

Justin Bercheny

Max Broock, REALTORS-Royal Oak License #6501428155

Max Broock, REALTORS-Royal Oak

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1830

Lot Details

  • 1.22 Acre Lot
  • Lot Dimensions are 225.00 x 237.00
  • Fenced

Parking

  • 3 Car Detached Garage

Home Design

  • Colonial Architecture
  • Farmhouse Style Home
  • Stone Foundation
  • Stone Siding

Interior Spaces

  • 3,184 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Library with Fireplace
  • Finished Basement
  • Fireplace in Basement
  • Dishwasher
  • Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Location

  • Ground Level

Farming

  • Barn
  • Grain Storage

Utilities

  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Koch Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2309104037
  • $15,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,767

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial, Farmhouse
  • Architecture Level: 2 Story
  • Assessment: 69.00
  • Year Built: 1830
  • State Equalized Value: 167930.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Basement, Library, Living Room, Primary Bedroom
  • Room Count: 17
  • Total Bedrooms: 5
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Refrigerator
  • Sq Ft Combined: 4184
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 3184
  • Sq Ft Total Bsmt: 1238

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Stone, Wood
  • Exterior Features: Fenced
  • Foundation Materials: Stone
  • Frontage Feet: 225
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Electricity, Detached
  • Garage: Yes

Utilities

  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Farmington

Lot Info

  • Homestead: Yes
  • Lot Size Area: 1.22
  • Lot Dimensions: 225.00 x 237.00
  • Parcel Number: 2309104037

Tax Info

  • Tax Amount Summer: 3980.0000
  • Tax Amount Winter: 787.0000
  • Total Tax: 4767.0000
  • Taxable Value: 104910.0000

MLS Schools

  • School District: Farmington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Oct 25, 2022
Sold by
Herman Chester
Bought by
Censonl Carl and Censonl Marjorie
Seller's Agent
Marian Grout
DOBI Real Estate
Buyer's Agent
Justin Bercheny
Max Broock, REALTORS-Royal Oak
List Price
$500,000
Sold Price
$485,000
Premium/Discount to List
-$15,000
-3%
Views
4
Current Estimated Value
$523,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,324
Avg. Annual Appreciation
2.26%
Original Mortgage
$436,500
Outstanding Balance
$423,378
Interest Rate
6.94%
Estimated Equity
$93,340

Purchase Details

Closed on
Jul 27, 2020
Sold by
Herman Chester
Bought by
Herman Chester and Boehm Lucinda M
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Censonl Carl $485,000 Twenty Two Title
Herman Chester $485,000 Twenty Two Title
Herman Chester -- None Available
Herman Chester W -- Rtn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Chester $436,500
Closed Herman Chester $436,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $485,000 -3.0% $152 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $500,000 -- $157 / 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 $7,497 $205,370 $32,500 $172,870
2022 $7,212 $176,970 $30,090 $146,880
2021 $4,768 $167,930 $30,090 $137,840
2020 $3,967 $162,860 $30,090 $132,770
2018 $4,477 $133,180 $0 $0
2015 -- $111,860 $0 $0
2014 -- $103,030 $0 $0
2011 -- $91,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221023371

Realcomp

APN: 23-09-104-037