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$761,222Estimated home value

Beds
4
Baths
3.5
sq ft
3,171

1086 Forest Bay Dr, Waterford, MI 48328

1086 Forest Bay Dr

Waterford Twp, MI 48328

  • Sold On 9/24/2024
Welcome to your lake access oasis in the gated Forest Bay community! This stunning 5200 sqft contemporary masterpiece features an expansive open floor plan with high ceilings. Enjoy deeded access to Cass Lake, along with serene views of a private pond and breathtaking sunset vistas over Elizabeth Lake. This home boasts 4 bedrooms, 3.5 baths, and highlights a striking curved glass staircase. The spacious primary suite includes a sliding door leading to a private balcony. The grand great room offers a dramatic two-story ceiling and a double-sided glass fireplace. The custom kitchen is equipped with high-end stainless-steel appliances. The walkout lower level, with 10' ceilings, features a family room, exercise room, and office space. Outside, entertain or relax on the enormous Trex deck. Additional amenities include a 3-car garage, circular driveway, and exclusive access to community amenities such as a beach and tennis courts. Don't miss the opportunity to own this exceptional property with a deeded boat slip. Schedule your showing today batvai. Please Remove Shoes or use shoe covers.

Details

Property type

Single Family Residence

Est. home value

$761,222

Lot size

0.36 acres

Price per sq ft

$281

Year built

1994

Annual property taxes

$9,815

Monthly HOA fee

$166.67

Price History

09/23/2024
Realcomp

Realcomp #20240032469

Sold
$925,000
+4.05%
07/16/2024
Realcomp

Realcomp #20240032469

Pending
$889,000
05/13/2024
Realcomp

Realcomp #20240032469

Listed
$889,000
+50.68%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Tennis Court(s)

School district: 

Waterford

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

$430,440
Asking price
$889,000
Closing costs (~8% of asking)
-$71,120
Est. remaining loan balance
-$387,440
Cash to seller
$430,440

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

Seller’s Loan History

Lender

Chemical Bank

Loan start date

April 2019

Original loan amount

$430,000

Est. remaining balance

$387,440

Interest rate

4.35%

Loan type

New Conventional, 30 year

Seller

Lisa Chaben and Steven Chaben

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?

Status: Off Market

Tomo last checked: 10/05/2024 at 8:10 PM

Listing updated: 09/24/2024 at 6:55 PM

Listed by: Fadia Awdish, RE/MAX Classic Phone #: (248) 737-6800

MLS: Realcomp #20240032469

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