28977 Lake Park DR , Farmington Hills, MI 48331
Est. $3,660/mo with current taxes · · See the breakdown
About this home
Welcome to this beautifully updated, move-in-ready ranch offering nearly 3,500 square feet of finished living space, including a spacious finished lower level, in one of Farmington Hills' most desirable neighborhoods! Featuring 3 bedrooms and 2.5 baths, this lovingly maintained home combines modern updates with comfortable living. The fully renovated kitchen boasts contemporary cabinetry, sleek countertops, and brand-new stainless steel appliances. New hardwood flooring flows throughout the main level, adding warmth and elegance. The expansive finished lower level is perfect for entertaining, featuring a large wet bar and plenty of space for gatherings with family and friends. Additional major updates include a brand-new furnace, humidifier, A/C, and garage door, providing added comfort and peace of mind. Complete with a 2-car attached garage and a convenient location just minutes from shopping, restaurants, and major freeways, this exceptional home is a must-see!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 39.49 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $489,000 |
| Beds | 3 |
| Baths | 2 full, 1 half |
| Square feet | 3,467 |
| Type | Single family residence |
| Subdivision | COLONY PARK WESTNO 2 |
| County | Oakland |
| MLS # | 20261087890 |
| Listed | 2026-10-30 |
| Days on market | 4 |
| Year built | 1976 |
| Possession | At closing |
| Stories | 1 story |
| Basement | Finished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Fireplace | Yes |
| Parcel number | 2309126018 |
| Listing office | Max Broock Realtors |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $216,280 | about $244,500 |
| Yearly property tax | $5,344 | about $9,656 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $4,312 a year more than this seller pays. The assessor's state equalized value (SEV) is $216,280. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Farmington Hills's 2025 homestead rate of 39.49 mills and assumes you claim the homestead exemption. See Farmington Hills's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-03T10:57+00:00; refreshed at least twice daily.