NOT LISTED FOR SALE

941 W Farnum Ave Madison Heights, MI 48071

Estimated Value: $183,000 - $209,000

3 Beds
1 Bath
905 Sq Ft
$219/Sq Ft Est. Value

Last Sold February 17, 2020

Last sale price $129,000 $143 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,287/month

50 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating System
  • Royal Oak High School Rated 9+
  • Bungalow
  • Ceiling Fan

About This Home

As of February 2020

Check out this turn-key Bungalow that is Updated and Move-In Ready! Inside the front foyer you will be greeted
with glistening Hardwood floors in the living room that lead to the updated Kitchen. The home also features 3
Bedrooms, a full bathroom and basement. This Bungalow is centrally located to downtown Royal Oak with Royal
Oak Schools and quick access to the highway.

Last Agent to Sell the Property

Marisa Thomas

DOBI Real Estate License #6501419890 Listed on: 11/25/2019

DOBI Real Estate

Last Buyer's Agent

Tim Urso

National Realty Centers, Inc License #RCO-6501394377

National Realty Centers, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1947

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 45.00x114

Home Design

  • Bungalow
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 905 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Unfinished Basement

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Stephenson Super Highway Sub No 6 Madison Hts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2514385005
  • $2,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,201

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1947
  • State Equalized Value: 44620.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 905

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1075000.0000
  • Lot Size Area: 0.12
  • Lot Dimensions: 45.00X114
  • Parcel Number: 2514385005

Tax Info

  • Tax Amount Summer: 1976.0000
  • Tax Amount Winter: 225.0000
  • Total Tax: 2201.0000
  • Taxable Value: 44620.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Feb 17, 2020
Sold by
Modestow Jake
Bought by
Lyon Christopher A and Marchioni Alaina R
Seller's Agent
Marisa Thomas
DOBI Real Estate
Buyer's Agent
Tim Urso
National Realty Centers, Inc
List Price
$129,000
Sold Price
$129,000
Current Estimated Value
$198,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,120
Avg. Annual Appreciation
7.82%
Original Mortgage
$103,200
Outstanding Balance
$91,376
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$106,744

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 1, 2017
Sold by
Podolsky Adam and Yang Xiaojuan
Bought by
Modestow Jake
Seller's Agent
Mike Kramar
National Realty Centers, Inc
Buyer's Agent
Lauren Himle
DOBI Real Estate
List Price
$115,900
Sold Price
$111,500
Premium/Discount to List
-$4,400
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$105,925
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 7, 2016
Closed on
Jul 27, 2016
Sold by
Equity Trust Co and Roberts Ralph
Bought by
Podolsky Adam and Yang Xiaojuan
Seller's Agent
Ralph Roberts
Ralph Roberts Realty LLC
Buyer's Agent
Mike Kramar
National Realty Centers, Inc
List Price
$39,900
Sold Price
$39,975
Premium/Discount to List
$75
0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
176.11%

Purchase Details

Closed on
Aug 26, 2015
Sold by
Albion Group Llc
Bought by
Equity Trust Company and Ralph Roberts Ira Z130597

Purchase Details

Closed on
Jun 9, 2015
Sold by
Ancona Timothy and Ancona Rita
Bought by
Albion Group Llc

Purchase Details

Closed on
Apr 14, 2015
Sold by
Ancona Timothy and Green Tree Servicing Llc
Bought by
Albion Group Llc

Purchase Details

Closed on
Apr 3, 1998
Sold by
Ancona Rita
Bought by
Ancona Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
7.18%
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 Buyer Sale Price Title Company
Lyon Christopher A $129,000 None Available
Modestow Jake $111,500 None Available
Podolsky Adam $39,975 None Available
Equity Trust Company -- Attorney
Albion Group Llc $12,978 Attorney
2Nd Mortgage Llc -- Attorney
2Nd Mortgage Llc -- Attorney
2Nd Mortgage Llc -- Attorney
Albion Group Llc $13,942 Attorney
Ancona Timothy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyon Christopher A $103,200
Previous Owner Modestow Jake $105,925
Previous Owner Ancona Timothy $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2020 02/17/20 Sold $129,000 0.0% $143 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $129,000 +15.7% $143 / Sq Ft
08/01/2017 08/01/17 Sold $111,500 -3.8% $123 / Sq Ft View Prior Sale
06/28/2017 06/28/17 Pending -- -- --
06/13/2017 06/13/17 Price Changed $115,900 0.0% $128 / Sq Ft
06/13/2017 06/13/17 For Sale $115,900 -0.9% $128 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
05/30/2017 05/30/17 Price Changed $116,900 0.0% $129 / Sq Ft
05/30/2017 05/30/17 For Sale $116,900 -0.8% $129 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $117,900 +194.9% $130 / Sq Ft
07/29/2016 07/29/16 Sold $39,975 +0.2% $44 / Sq Ft View Prior Sale
07/08/2016 07/08/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $39,900 -- $44 / 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 $2,994 $88,360 $0 $0
2023 $2,859 $77,970 $0 $0
2022 $2,988 $69,000 $0 $0
2021 $3,003 $61,690 $0 $0
2020 $2,076 $56,340 $0 $0
2019 $2,210 $49,710 $0 $0
2018 $2,201 $44,660 $0 $0
2017 $2,540 $44,660 $0 $0
2016 $2,024 $28,920 $0 $0
2015 -- $26,490 $0 $0
2014 -- $24,360 $0 $0
2011 -- $29,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marisa Thomas

    Seller's Agent in 2020

    Marisa Thomas

    DOBI Real Estate

    (248) 320-7878

    1 in this area

    130 Total Sales

    Marisa Thomas
    Section Image

  • T

    Buyer's Agent in 2020

    Tim Urso

    National Realty Centers, Inc

    (734) 432-2002

    1 in this area

    41 Total Sales

    Tim Urso
    Section Image

  • M

    Seller's Agent in 2017

    Mike Kramar

    National Realty Centers, Inc

    (248) 797-3056

    2 in this area

    47 Total Sales

    Mike Kramar
    Section Image
  • Lauren Himle

    Buyer's Agent in 2017

    Lauren Himle

    DOBI Real Estate

    (734) 330-0657

    52 Total Sales

    Lauren Himle
    Section Image
  • Ralph Roberts

    Seller's Agent in 2016

    Ralph Roberts

    Ralph Roberts Realty LLC

    (586) 751-0000

    1 in this area

    41 Total Sales

    Ralph Roberts
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    James Maiorano

    Ralph Roberts Realty LLC

See All Agents

Map

Source: Realcomp

MLS Number: 219118281

Realcomp

APN: 25-14-385-005

Michigan Oakland County Madison Heights 48071

941 W Farnum Ave, Madison Heights, 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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