NOT LISTED FOR SALE

31960 Olde Franklin Dr Farmington Hills, MI 48334

Estimated Value: $486,398 - $563,000

4 Beds
2.5 Baths
3,357 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $388,000 $116 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,366/month

23 Days on Market

Highlights

  • Colonial Architecture
  • Jetted Tub in Primary Bathroom
  • Stainless Steel Appliances
  • Deck
  • Double Oven
  • 2 Car Direct Access Garage

About This Home

As of August 2022

Amazing colonial in Olde Franklin Towne, open floor plan with incredible sized rooms thruout! Large living room-dining room combo with lovely moldings and hardwood flooring. Kitchen is large and has doorwall to large deck and gorgeous, private backyard! Family room is open to kitchen and fabulous large space with fireplace! 1st floor laundry room has enough room for laundry plus! Lovely updated 1/2 bath rounds out this side of home. Library/Office on 1st floor has wonderful built ins and is perfect for at home work,study! The primary bedroom is quite large with an updated/enlarged primary bath that has walk in closets and his/hers wash area's plus shower and jetted tub! Walking distance to Hillel Day school. Close to shopping and expressways for easy access.

Last Agent to Sell the Property

Ilene Mitz

Real Estate One-WB/FH License #6501276555 Listed on: 07/09/2022

Real Estate One-WB/FH

Last Buyer's Agent

Ilene Mitz

Real Estate One-WB/FH License #6501276555 Listed on: 07/09/2022

Real Estate One-WB/FH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1966 | Remodeled in 2000

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100.00 x 165.00

HOA Fees

  • $27 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,357 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Unfinished Basement

Kitchen

  • Double Oven
  • Electric Cooktop
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 2301152006

Community Details

Overview

  • Olde Franklin Towne Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,927

Year Built

Built in 1966 | Remodeled in 2000

Lot Details

0

HOA Fees

$27 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 69.00
  • Year Built: 1966
  • State Equalized Value: 166110.0000
  • Year Renovated: 2000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Jetted Tub
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Cooktop, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer
  • Total Sq Ft: 3357

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Door Opener, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Phone: treasure@oldefranklintowne.org
  • Association Fee: 325
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.38
  • Lot Dimensions: 100.00 x 165.00
  • Parcel Number: 2301152006

Tax Info

  • Tax Amount Summer: 4962.0000
  • Tax Amount Winter: 965.0000
  • Total Tax: 5927.0000
  • Taxable Value: 130780.0000

MLS Schools

  • School District: Farmington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2022
Closed on
Aug 26, 2022
Sold by
Pitt Linds S and Beltzman Linda S
Bought by
Mcnellen Brad E and Mcnellen Carissa M
Seller's Agent
Ilene Mitz
Real Estate One-WB/FH
Buyer's Agent
Ilene Mitz
Real Estate One-WB/FH
List Price
$455,000
Sold Price
$388,000
Premium/Discount to List
-$67,000
-14.73%
Current Estimated Value
$520,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,600
Avg. Annual Appreciation
9.72%
Original Mortgage
$310,400
Outstanding Balance
$296,669
Interest Rate
5.3%
Mortgage Type
Balloon
Estimated Equity
$223,931
Source: Public Records

Range of Values:

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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
Mcnellen Brad E $388,000 None Listed On Document
Mcnellen Brad E $388,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnellen Brad E $310,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $388,000 -9.6% $116 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/19/2022 07/19/22 Price Changed $429,000 -5.7% $128 / Sq Ft
07/09/2022 07/09/22 For Sale $455,000 -- $136 / 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 $7,306 $208,560 $30,940 $177,620
2022 $7,020 $176,920 $25,740 $151,180
2021 $5,927 $166,110 $25,740 $140,370
2020 $4,945 $162,120 $25,740 $136,380
2018 $5,756 $141,100 $0 $0
2015 -- $119,650 $0 $0
2014 -- $123,100 $0 $0
2011 -- $114,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ilene Mitz

    Seller's Agent in 2022

    Ilene Mitz

    Real Estate One

    (248) 752-2330

    10 in this area

    109 Total Sales

    Ilene Mitz
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Map

Source: Realcomp

MLS Number: 20221015319

Realcomp

APN: 23-01-152-006

Michigan Oakland County Farmington Hills 48334

31960 Olde Franklin Dr, Farmington Hills, MI

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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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