Sold
490 FRANKLIN LAKE Circle, Oxford, MI 48371
Sold on 05/28/2025 for$485,000
MLS # 20250018599 (Realcomp)
4 beds3 baths2,685 sqftBuilt 20020.2 acres
1 / 64
Listing Description
Welcome home to 490 Franklin Lake Circle. From its welcoming covered front porch to an amazing cedar screened gazebo and expansive Trex deck you won't be able to do anything but smile and nod your head. This oasis is adorned with beautiful mature landscape that affords desirable privacy. Step into the high and wide foyer with its decorative tile floor. The Library/den/office is to your right and the large walk in coat closet is on your left. Straight ahead you will have a powder room with a uniqe quartz counter top on the right. The stairway to the upper level is across from the powder room on the left. Continue into the light filled great room with floor to ceiling windows and a gas fireplace. Notice the gate replica that sits perfectly above the fireplace. This wide open space connects to the dining room and kitchen. There is a doorwall to the screened cedar porch/gazebo from the dining room. The light and bright kitchen has a central sit at island as well as a sit at peninsula. All appliances are included. Don't miss the large walk in pantry on the way to the first floor laundry room and amazing heated and finished garage. The owner made it extra deep for your storage needs or man cave/workshop setup. The garage and garage door are well insulated. The primary suite on the main floor boasts a lofted ceiling with recessed lighting and ceiling fan. It has a doorwall to the back deck. The generous walk in closet is just outside of the en suite with double sinks in another unique quartz countertop. On the 2nd level you will find three great sized bedrooms and a full bathroom. The catwalk separates the bedrooms and has a wonderful view of the great room below. Thruout this home you will find a generous amount of recessed lighting and ceiling fans. The full, dry, 9ft high basement is ready for your finishing touches. The poured walls have a brick like finish. New furnace and AC 2024. The basement is plumbed for a future bathroom. The 2017 CERTAINTEED LANDMARK SERIES PRO roof has a 25 yr transferable warranty
Source: SparkMLS
About this home
4-bedroom, 3-bath, 2,685 sq ft home in Oxford Township in Oxford built in 2002.
Final sale price: $485,000 (about $181/sq ft).
Property tax estimate: $7,998 per year ($667/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Broadband is available with download speeds up to 1,200 Mbps from 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms3
Living Area2,685 sqft
Lot Size0.2 acres
Year Built2002
Stories2
Location
CityOxford
MunicipalityOxford Twp
Zip Code48371
CountyOakland
School DistrictOxford
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterWell
SewerPublic
InteriorHumidifier, Security System
Sale & Financing
Listed3/19/2025
Sold Date5/27/2025
Terms AcceptedCash, Conventional, FHA
HOA
HOA Fee$625 / Annually
Source: SparkMLS
Tax Information
Annual Tax$4,913
State Equalized Value$215,030
Taxable Value$137,130
Parcel #0422306022
Source: Public Records
Legal Description
T5N, R10E, SEC 22 LAKECREST AT WATERSTONE LOT 71 11-26-01 FR 301-012
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Roberta M Nebus
Real Estate One-WB/FH
Frequently Asked Questions about 490 FRANKLIN LAKE Circle, Oxford, MI 48371
Which school district serves 490 FRANKLIN LAKE Circle, Oxford, MI 48371?
Per MLS# 20250018599, 490 FRANKLIN LAKE Circle, Oxford, MI 48371 is in the Oxford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Oxford directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20250018599, this listing accepts Cash, Conventional, FHA 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 490 FRANKLIN LAKE Circle, Oxford, MI 48371?
Per public tax records, annual property taxes for this property are $4,913. 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, 490 FRANKLIN LAKE Circle, Oxford, MI 48371 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 490 FRANKLIN LAKE Circle, Oxford, MI 48371 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 490 FRANKLIN LAKE Circle, Oxford, MI 48371. The maximum advertised download speed is 1.2 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 490 FRANKLIN LAKE Circle, Oxford, MI 48371?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Well. 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.
Map
Tax Estimate
$
Annual tax$7,998
Monthly$667
Millage rate37.1942 mills
Municipality: CHARTER TOWNSHIP OF OXFORD
School district: OXFORD AREA COMM SCH DIST
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$3,929
Principal & interest$3,211
Property taxes$667
HOA$52
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
490 FRANKLIN LAKE Circle, Oxford, MI 48371
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Municipality
Oxford Township
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County
Oakland County
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