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31098 Oakleaf Lane

31098 Oakleaf Lane, Franklin, MI 48025
Property in Southfield
Refi May 30, 2017
Transfer
Owner
$424,000 by Towne Mortgage Co
Mortgage Due Jun 01, 2047
31098 Oakleaf Lane has been categorized by the local assessors in Franklin, MI as a residential type of property. The building on the property was first built in 1962 and is 62 years old. However, we must point out that the home was most recently renovated and altered in 1996. The home has a total of 13 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 7 partial bathrooms in the home. The building has a total of 2 stories. In addition, 31098 Oakleaf Lane has 4,601 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 29,185 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 680 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a well system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $14,455 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 31098 Oakleaf Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $467,550. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1996
  • Total Rooms: 13
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 5
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 21
  • Building Quality: B
  • Construction Type: Brick
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,447
  • Garage Type: Garage
  • Garage Square Area: 680
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 4,601
  • Building Area: 4,601
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,601
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SOUTH MEADOW SUB
  • Land Acres: 0.67
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R10E, SEC 6 SOUTH MEADOW SUB LOT 10

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Birmingham City School District
  • School Tax School District: 63010
  • Census Tract: 159000

Zoning

  • Zoning: RI

Geography

  • District: TF
  • Parcel: TF-24-06-476-021
  • Lot: 10
  • Meridian: SEC 06 TWN 01N RNG 10E
  • Municipality: FRANKLIN VILLAGE
  • Latitude: 42.5167
  • Longitude: -83.3009

    Address

  • Full Address: 31098 Oakleaf Ln
  • Address - House Number: 31098
  • Address - Street Name: Oakleaf
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Franklin
  • Carrier Code: C008
  • 4-Digit Zip Code: 1262
  • Zip Code: 48025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,455
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1796
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 76
  • Final Value: 1,126,681
  • High Value: 1,329,131
  • Low Value: 924,230

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $826,000
  • First Open Lien Mortgage Lender: TOWNE MORTGAGE CO
  • First Open Lien Mortgage Recording Date: May 30, 2017
  • First Open Lien Mortgage Loan Amount: $424,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2047
  • Second Open Lien Mortgage Lender: FIRST HERITAGE FINANCIAL LLC
  • Second Open Lien Mortgage Recording Date: Dec 08, 2020
  • Second Open Lien Mortgage Loan Amount: $402,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2035

    Market Valuation

  • Market Total Value: $935,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,550

    Exemptions

  • Homeowner Exemption: Yes

About Franklin



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Frequently Asked Questions

What neighborhood is 31098 Oakleaf Lane located in?
The 31098 Oakleaf Lane is a located in the neighborhood of Southfield in Franklin, Franklin.
What is the average sales price for listings in 31098 Oakleaf Lane?
The average sales price for units in 31098 Oakleaf Lane is $0 currently.

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