35468 Heritage Lane
Farmington, MI 48335
Condominium · MLS # 20261074956 · Listing courtesy of Coldwell Banker Professionals-Northville
About this home
SELLER HAS MADE A SIGNIFICANT PRICE IMPROVEMENT TO $314900 AND IS WILLING TO GIVE A FIVE THOUSAND DOLLAR ($5000) CLOSING COST CREDIT TO COVER THE TEMPORARY INCREASE IN THE HOA FEE. HOA Fee includes water. Gorgeous 3 bedroom condo conveniently located off Drake Rd, between Grand River and Freedom Rd . Finished walk out basement adds to the desirability of this unit. Wet bar in basement for those evenings entertaining. Great room features vaulted ceiling adding to the spacious feel, and a portal to a large balcony with pleasant views. Designer kitchen with white cabinets and stainless appliances. New in the last year, vinyl floors on 1st and 2nd level, recessed lights in the living room & fans in both upper bedrooms. Longacre Elementary school is just across Drake Rd, along with a 10 acre Farmington Park with baseball diamonds. Exterior of the buildings has been recently painted, as well as replacing roofs and roadways in the complex. Monthly fee was raised to cover this expense & should drop when that work is paid off, within 3 years. This is a relocation sale. Please find additional disclosures and addendums which must be completed with any offer. Allow at least 3 business days for response.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Farmington
Over the last 90 days, 102 homes sold in Farmington for a median of $354,500, about $158 per square foot, and the typical one went under contract in 16 days. This home is listed at $314,900, or $147 per square foot, 7% below the city median, and has been on the market 51 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Farmington sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $6,323 a year. A buyer who lives here would pay about $6,081 to $7,084 a year once the taxable value resets after the sale, at the 2025 homestead rate of 44.54 mills for Farmington City and Farmington schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Farmington
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