48131 Farmbrook Ln Belleville, MI 48111
Estimated Value: $464,000 - $517,000
4
Beds
3
Baths
2,625
Sq Ft
$189/Sq Ft
Est. Value
About This Home
This home is located at 48131 Farmbrook Ln, Belleville, MI 48111 and is currently estimated at $496,313, approximately $189 per square foot. 48131 Farmbrook Ln is a home located in Wayne County with nearby schools including Edgemont Elementary School, Owen Intermediate School, and McBride Middle School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 29, 2025
Sold by
M/I Homes Of Michigan Llc
Bought by
Richmond Aaron and Richmond Angelia
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,405
Outstanding Balance
$481,171
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$15,142
Purchase Details
Closed on
Mar 17, 2022
Sold by
Bk Development Group Llc
Bought by
Reserve At Cobblestone Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,362,500
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Richmond Aaron | $491,305 | Great Lakes Title | |
| Reserve At Cobblestone Llc | $155,100 | None Listed On Document | |
| Reserve At Cobblestone Llc | $155,100 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Richmond Aaron | $482,405 | |
| Previous Owner | Reserve At Cobblestone Llc | $2,362,500 |
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 |
|---|---|---|---|---|
| 2025 | $1,120 | $51,700 | $0 | $0 |
| 2024 | $1,281 | $48,800 | $0 | $0 |
| 2023 | $1,221 | $32,000 | $0 | $0 |
| 2022 | $1,687 | $31,300 | $0 | $0 |
| 2021 | $68 | $31,600 | $0 | $0 |
| 2020 | $65 | $31,600 | $0 | $0 |
| 2019 | $61 | $31,600 | $0 | $0 |
| 2018 | $40 | $31,600 | $0 | $0 |
| 2017 | $42 | $31,600 | $0 | $0 |
| 2016 | $62 | $31,600 | $0 | $0 |
| 2015 | $106 | $28,000 | $0 | $0 |
| 2013 | $102 | $8,100 | $0 | $0 |
| 2010 | -- | $25,100 | $0 | $0 |
Source: Public Records
Map
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