For Sale
23044 Lake Way, Farmington, MI 48336
$319,000
MLS # 20261012816 (Realcomp)
3 beds2 baths1,447 sqftBuilt 19570.58 acres
1 / 23
Listing Description
Welcome to this charming mid-century ranch, full of character and timeless appeal! Nestled on over half an acre, this sprawling home offers the perfect setting for relaxing or entertaining family and friends, with plenty of space for future expansion. Step outside to your private, fenced backyard featuring a heated in-ground pool (pool heater new in 2024) — ideal for summer gatherings and year-round enjoyment. Inside, you’ll find three spacious bedrooms with custom built-ins, a dining room, and 1.5 baths. The bright and airy great room opens to the backyard through a large door-wall, seamlessly connecting indoor and outdoor living spaces. Recent updates include a new roof (2025) and vinyl flooring (2024), ensuring peace of mind for years to come. Ideally located just one mile from vibrant Downtown Farmington, you’ll enjoy easy access to local shops, restaurants, parks, and community events. Farmington High School is also within walking distance.All appliances included. All data approximate.
Source: SparkMLS
About this home
Located in Farmington in Farmington, this property offers 3-bedroom, 2-bath, 1,447 sq ft, with original construction dating to 1957.
Listed at $319,000 (about $220/sq ft).
Annual property taxes run approximately $5,139 ($428/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,447 sqft
Lot Size0.58 acres
Year Built1957
Stories1
Location
CityFarmington
MunicipalityFarmington Hills
Zip Code48336
CountyOakland
School DistrictFarmington
Construction & Systems
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/28/2026
Original Price$329,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$5,139
State Equalized Value$149,880
Taxable Value$110,900
Parcel #2327427003
Source: Public Records
Legal Description
T1N, R9E, SEC 27 BROOKDALE SUB LOT 104
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAPrice & Status History
Mar 1, 2026
Listed for sale
$329,000
More Homes in Farmington
Listed by Jamal Alaouieh
RE/MAX Team 2000
Frequently Asked Questions about 23044 Lake Way, Farmington, MI 48336
Which school district serves 23044 Lake Way, Farmington, MI 48336?
Per MLS# 20261012816, 23044 Lake Way, Farmington, MI 48336 is in the Farmington boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Farmington directly to confirm enrollment eligibility.
What financing options are available for 23044 Lake Way, Farmington, MI 48336?
Per MLS# 20261012816, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 23044 Lake Way, Farmington, MI 48336?
Per public tax records, annual property taxes for this property are $5,139. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 23044 Lake Way, Farmington, MI 48336 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 23044 Lake Way, Farmington, MI 48336 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 23044 Lake Way, Farmington, MI 48336?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,069
Principal & interest$2,069
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
23044 Lake Way, Farmington, MI 48336
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Municipality
Farmington
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County
Oakland County
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