NOT LISTED FOR SALE

7431 Franklin Ridge Way West Bloomfield, MI 48322

Estimated Value: $425,000 - $464,000

4 Beds
2 Baths
2,492 Sq Ft
$178/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $360,000 $144 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,799/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Formal Dining Room
  • Living Room
  • Wood Flooring
  • 2 Car Attached Garage
  • Built-In Barbecue

About This Home

As of January 2023

Multiple Offers Received!!This Outstanding 4 bedroom Colonial is move in ready! Updated kitchen with SS appliances and gorgeous hardwood floors. Living room with remote controlled HD Optoma 3d Glass and motorized projection screen. Formal dining area and nice size eating area in kitchen. Family room is set up currently as a man cave with pool table, fireplace & TV. 1st Floor laundry includes washer/dryer. 4 bedrooms with Master bedroom/ Master bath and great closet storage. New Furnace/CA 2020 w/smart control panel that you can set up from anywhere in the world. Electrical is prepped for generator with Transfer switch included. Located on a quiet lovely street and close to shopping/restaurants. Immediate occupancy so don't hesitate on this one!

Last Agent to Sell the Property

Evelyn Penszynski

Real Estate One Inc -SCS License #MISPE-6501292607 Listed on: 12/13/2022

Real Estate One Inc -SCS

Last Buyer's Agent

Jason Guo

Asia America Realty LLC License #6501315337

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1967

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 102x150

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,492 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Basement

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Built-In Barbecue

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Jeffrey Hollander HOA
  • Franklin Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1835478002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,350

Year Built

Built in 1967

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Total Tax Amount: 4349.84
  • Total Tax Year: 2022
  • Year Built: 1967
  • Mail City: West Bloomfield
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: 9 ft + Ceilings, Ceramic Floors, Hardwood Floors
  • Appliances: Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, Gas Fireplace
  • Basement: Yes
  • Bedrooms: 4
  • Bedroom 1: On 2nd Floor, Dimensions: 21 x 15
  • Bedroom 1 Floor Covering: Laminate
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 12
  • Bedroom 2 Floor Covering: Laminate
  • Bedroom 3: On 2nd Floor, Dimensions: 12 x 11
  • Bedroom 3 Floor Covering: Laminate
  • Bedroom 4: On 2nd Floor, Dimensions: 11 x 10
  • Bedroom 4 Floor Covering: Laminate
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: Dimensions: 9 x 7, On Level: Second, Flooring: Ceramic
  • Bathroom 2: Dimensions: 8 x 6, On Level: Second, Flooring: Ceramic
  • Room Types: Family Room, First Floor Laundry, Living Room, First Flr Lavatory, Second Flr Full Bathroom, Formal Dining Room
  • Breakfast Nook: On Entry Level, Dimensions: 11 x 9
  • Breakfast Nook Floor Covering: Wood
  • Dining Room: On Entry Level, Dimensions: 13 x 13
  • Dining Room Floor Covering: Ceramic
  • Family Room: On Entry Level, Dimensions: 22 x 14
  • Family Room Floor Covering: Carpet
  • Kitchen: On Entry Level, Dimensions: 14 x 12
  • Kitchen Floor Covering: Wood
  • Laundry: On Entry Level, Dimensions: 9 x 8
  • Laundry Room Floor Covering: Ceramic
  • Living Room: On Entry Level, Dimensions: 17 x 14
  • Living Room Floor Covering: Ceramic
  • Below Grade Sq Ft: 800
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 2492
  • Total Finished Sq Ft: 2492

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Features: BBQ/Grill Built-in
  • Foundation: Basement
  • Frontage: 102
  • Road: Paved Street

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public At Street
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Condo/Co-op/Association

  • HOA Fees: 300
  • HOA Fee Frequency: Yearly
  • Association Contact: Jeffrey Hollander
  • Association Phone: 248-821-0580
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 1835478002
  • Zoning: Residential
  • Lot Dimensions: 102x150
  • Acreage: 0.35
  • Geo Subdivision: MI

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,245.00
  • Winter Tax: Year: 2022, Amount: $2,104.84
  • Total Tax: Year: 2022, Amount: $4,349.84

MLS Schools

  • School District: Farmington Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Jan 23, 2023
Sold by
Nguyen Dan and Lam Hong
Bought by
Wu Zhouming
Seller's Agent
Evelyn Penszynski
Real Estate One Inc -SCS
Buyer's Agent
Jason Guo
Asia America Realty LLC
List Price
$350,000
Sold Price
$360,000
Premium/Discount to List
$10,000
2.86%
Views
52
Current Estimated Value
$443,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,261
Avg. Annual Appreciation
6.99%
Original Mortgage
$324,000
Outstanding Balance
$315,308
Interest Rate
6.15%
Estimated Equity
$110,119

Purchase Details

Closed on
Aug 11, 2010
Sold by
Nguyen Dan
Bought by
Nguyen Dan and Nguyen Lam Hong

Purchase Details

Closed on
Nov 20, 2008
Sold by
The Huntington National Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 18, 2008
Sold by
Ols Mark A
Bought by
The Huntington National Bank

Purchase Details

Closed on
May 20, 2005
Sold by
Eichen Erwin and Erwin Eichen Revocable Trust
Bought by
Ols Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 2004
Sold by
Eichen Erwin and Eichen Carol
Bought by
Eichen Erwin and Erwin Eichen Revocable Trust

Purchase Details

Closed on
Dec 6, 2003
Sold by
Ols Terri and Ols Mark
Bought by
Ols Mark
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
Wu Zhouming $360,000 --
Nguyen Dan -- None Available
Federal National Mortgage Association -- None Available
The Huntington National Bank $236,449 None Available
Ols Mark A $280,000 --
Eichen Erwin -- --
Ols Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Zhouming $324,000
Previous Owner Nguyen Dan $118,000
Previous Owner Nguyen Dan $117,000
Previous Owner Nguyen Dan $120,000
Previous Owner Ols Mark A $21,000
Previous Owner Ols Mark A $238,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $360,000 +2.9% $144 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/13/2022 12/13/22 For Sale $350,000 -- $140 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,911 $192,380 $0 $0
2022 $2,349 $152,170 $43,100 $109,070
2021 $4,296 $141,880 $0 $0
2020 $2,246 $136,120 $43,100 $93,020
2018 $4,293 $127,440 $31,040 $96,400
2015 -- $107,400 $0 $0
2014 -- $104,690 $0 $0
2011 -- $101,060 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Evelyn Penszynski

    Seller's Agent in 2023

    Evelyn Penszynski

    Real Estate One Inc -SCS

    (586) 206-8815

    1 in this area

    32 Total Sales

    Evelyn Penszynski
    Section Image
  • Jason Guo

    Buyer's Agent in 2023

    Jason Guo

    Asia America Realty LLC

    (313) 680-1548

    2 in this area

    44 Total Sales

    Jason Guo
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50097646

Michigan Multiple Listing Service

APN: 18-35-478-002

Michigan Oakland County West Bloomfield Township

7431 Franklin Ridge Way, West Bloomfield Township, MI

This home is located at 7431 Franklin Ridge Way, West Bloomfield, MI 48322 since 13 December 2022 and is currently estimated at $443,261, approximately $177 per square foot. This property was built in 1967. 7431 Franklin Ridge Way is a home located in Oakland County with nearby schools including Wood Creek Elementary School, Warner Upper Elementary School, and Red Hill Montessori Academy.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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