tomo logo

$649,000

Beds
4
Baths
4.5
sq ft
4,815

1020 Cottonwood St, Lake Orion, MI 48360

1020 Cottonwood St

Lake Orion, MI 48360

  • 26 days on market
    • Price drop $10,000↓
Welcome to this stunning property located in Lake Orion near beautiful Paint Creek Trail. This home offers approx. 5200 sq. ft of living space with finished walk-out basement - 3515 on main and 1769 below. The home boasts 4 bdms, 4.5 baths, formal dining, living room, family room, great room, office, walk-out basement with full kitchen, workout room an 9 foot grande ceilings. The kitchen is huge with new stainless appliances, large island and accented by a gas fireplace. The door wall takes you out back to a beautiful deck and mature landscape. Upstairs the bedrooms are perfectly sized-two with their own bath and two with a jack-n-jill bathroom. There is an office between the main floor and upper floor with an outlook over the dining room area. Head downstairs and there is another floor perfect for a game room or library. The walk-out basement with kitchen area, full bath and sitting area is perfect for entertaining. Don't forget about the workout room and large storage area. The home has many updates: luxury vinyl planking & carpet; freshly painted throughout; smart refrigerator, dishwasher, double oven, microwave, mini fridge, chandelier, light fixtures, new faucets and cabinet pulls. What ya waiting for? Make this your new home today! Sellers are relocating for work.

Details

Property type

Single Family Residence

Est. home value

$599,067

Lot size

0.35 acres

Price per sq ft

$135

Year built

1997

Annual property taxes

$9,029.16

Monthly HOA fee

$20.83

Price History

07/01/2024
MiRealSource

MiRealSource #50145011

Price change
$649,000
-1.52%
06/11/2024
MiRealSource

MiRealSource #50145011

Listed
$659,000
+0.63%
05/20/2024
Realcomp

Realcomp #20240026778

Removed
$654,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lake Orion Community Schools

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$18,121
Asking price
$649,000
Closing costs (~8% of asking)
-$51,920
Est. remaining loan balance
-$615,201
Cash to seller
-$18,121

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

October 2023

Original loan amount

$619,800

Est. remaining balance

$615,201

Interest rate

7.09%

Loan type

VA, 30 year

Seller

Ashley Rebecca Muniz and Marc A Muniz

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/07/2024 at 7:10 PM

Listing updated: 07/05/2024 at 3:56 PM

Listed by: Kelly A Sadowski, Sine & Monaghan Realtors LLC St Clair Phone #: (810) 329-9001

MLS: MiRealSource #50145011

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