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$712,430Estimated home value

Beds
4
Baths
4.0
sq ft
4,050

10700 Lambs Rd, Riley, MI 48041

10700 Lambs Rd

Riley, MI 48041

  • Sold On 2/10/2023
One-of-a-kind 4 bed, 3 full bath, 2 half bath colonial. Enjoy gatherings in the generously sized great room where tons of natural light fills the space from oversized windows! Entertaining will be a breeze in the huge chef's kitchen that offers sprawling granite counters, an abundance of storage, a double oven, bar seating and all appliances! Beautiful views of massive pond can be seen from the kitchen and great room with doorwall opening to outdoor space. Also, on the main level is a large den/office, 2 half baths and a formal dining room! Upstairs is a large loft enclosed with a glass banister that overlooks the great room and foyer! The primary bedroom is the ultimate retreat where you have a huge WIC and private ensuite that offers a soaking tub and an oversized walk-in shower! Not only do you have a 1st-floor laundry but there is a hook-up in the primary bathroom to add a 2nd laundry room! The walk-out basement has been completely finished and features a bar, game area, dining space, 4th bedroom and full bath with urinal! You will be blown away by the views of the property from the exposed aggregated terrace that overlooks the pond! A spiral staircase leads to the covered patio that has a finished ceiling with recessed lighting! This home has been beautifully landscaped and well-maintained! Nestled at the very back of the 22 acre parcel you'll love living in a peaceful setting with natural surroundings!

Details

Property type

Single Family Residence

Est. home value

$712,430

Lot size

22.00 acres

Price per sq ft

$172

Year built

2003

Annual property taxes

$4,254

Price History

03/24/2025
MiRealSource

MiRealSource #50152181

Removed
$719,500
11/19/2024
MiRealSource

MiRealSource #50152181

Price change
$719,500
-0.07%
10/19/2024
MiRealSource

MiRealSource #50152181

Price change
$720,000
-2.04%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Memphis 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

-$28,357
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$667,757
Cash to seller
-$28,357

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

February 2023

Original loan amount

$685,000

Est. remaining balance

$667,757

Interest rate

6.27%

Loan type

VA, 30 year

Seller

Sara Waterman and Michael Waterman

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: Off Market

Tomo last checked: 04/03/2025 at 11:05 PM

Listing updated: 04/04/2023 at 10:33 AM

Listed by: Jenae Haugh, Realteam Real Estate Phone #: (586) 580-8092

MLS: MiRealSource #50091653

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Recently listed in Riley

$499,900|3 bd|2.5 ba|House
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.