tomo logo

$5,995,000

Beds
4
Baths
6.5
sq ft
7,751

1567 Island Ln, Bloomfield Hills, MI 48302

1567 Island Ln

Bloomfield Twp, MI 48302

  • 65 days on market
****PRICE IMPROVEMENT*** Discover unparalleled luxury in this grand residence on the shores of Island Lake, boasting over 10,000+ sqt of opulent living space. With 4 bdrms & 5.3 baths, each bdrm is a suite of indulgence. The house is strategically south-facing, ensuring an abundance of natural light throughout the day. Unveil a realm of sophistication in the mahogany library w/ its coffered ceiling & meticulously designed high bookshelves. This distinguished space offers a perfect blend of architectural craftsmanship & practicality, creating an inviting ambiance for both work & relaxation. Indulge in the epitome of comfort in the primary suite, featuring a spa-like shower, a deep soaking tub, & an expansive walk-in closet. The kitchen is a culinary haven equipped w/ top-of-the-line appliances & SieMatic custom cabinetry catering to the most discerning chefs. Custom millwork by skilled artisans, Tiffany leaded glass throughout, & stately fireplaces add to the timeless elegance of this residence. Entertain effortlessly in the fully finished lower level, complete with a second kitchen, a parlor room with a custom ceiling detail, a spacious living room, & an impressive wine cellar. The lower level bedrooms feature daylight windows, w/ one offering a convenient walk-out option.Enjoy the picturesque views w/ high ceilings & windows along the lakeside, leading to a full balcony/terrace, perfect for savoring moments of tranquility. For added convenience, an elevator effortlessly connects all levels of this home. The entire home exudes sophistication w/ marble & wood flooring complemented by radiant heating, providing a warm & inviting ambiance. Experience the ultimate in lakeside living w/ an additional lower-level garage & storage area accessible from the lakeside perfect for storing your lakeside necessities & boating essentials. This is more than a home;it's a masterpiece where elegance & grandeur converge in perfect harmony. Please note that not all rooms/bedrooms of the home were photographed for privacy

Details

Property type

Single Family Residence

Est. home value

$3,492,897

Lot size

0.77 acres

Price per sq ft

$774

Year built

1995

Annual property taxes

$62,974

Price History

05/03/2024
Realcomp

Realcomp #20240029685

Listed
$5,995,000
-14.3%
03/21/2024
Realcomp

Realcomp #20230097185

Removed
$6,995,000
11/14/2023
Realcomp

Realcomp #20230097185

Listed
$6,995,000
+99.86%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Bloomfield Hills

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

$4,174,927
Asking price
$5,995,000
Closing costs (~8% of asking)
-$479,600
Est. remaining loan balance
-$1,340,473
Cash to seller
$4,174,927

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

February 2022

Original loan amount

$1,410,000

Est. remaining balance

$1,340,473

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Zeinab Salami

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?

Similar Homes Nearby

Realcomp
$6,495,000
6 bd
|
8 ba
|
7,876 sq ft
|
House

1045 Country Club Rd, Bloomfield Hills, MI 48304

Realcomp
$5,990,000
6 bd
|
7 ba
|
7,568 sq ft
|
House

5295 Middlebelt Rd, West Bloomfield, MI 48323

Realcomp
$5,995,000
6 bd
|
10 ba
|
9,500 sq ft
|
House

1747 Heron Ridge Dr, Bloomfield Hills, MI 48302

Status: Active

Tomo last checked: 07/07/2024 at 5:35 PM

Listing updated: 05/15/2024 at 8:43 AM

Listed by: Dan A Gutfreund, Signature Sotheby's International Realty Bham Phone #: (248) 644-7000

MLS: Realcomp #20240029685

Realcomp logo