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$750,000

Beds
5
Baths
3.5
sq ft
2,859

170 W Reed Lake Ct, Commerce Township, MI 48390

170 W Reed Lake Ct

Commerce Twp, MI 48390

  • 30 days on market
    • Price drop $35,000↓
Beautiful, reasonably priced home with private beach access to Reed Lake. Located on a secluded cul-de-sac, your ideal home is just a short stroll from swimming, paddle boating, and fishing. This five-bedroom, three-and-a-half-bathroom colonial home has an open floor plan, stainless steel appliances, installed smart home features by Nest throughout including smart locks and lights. You'll value the separate zoned heating, which offers year-round, clear comfort control. Granite countertops create a panorama across 9-foot ceilings throughout the main living area, bringing your family together under the cathedral ceiling of this dining room. Large master bedroom featuring a bathroom suite with jetted tub, storage access, and a walk-in closet. ENERGY STAR® heating, cooling, and water equipped. Your family will enjoy the award winning Walled Lake School District.

Details

Property type

Single Family Residence

Est. home value

$583,155

Lot size

0.31 acres

Price per sq ft

$263

Year built

2013

Annual property taxes

$7,261

Monthly HOA fee

$54.17

Price History

08/28/2024
Realcomp

Realcomp #20240061560

Price change
$750,000
-4.46%
08/19/2024
Realcomp

Realcomp #20240061560

Listed
$785,000
+101.28%
10/22/2020
Realcomp

Realcomp #2200045351

Sold
$390,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Walled Lake

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

$404,345
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$285,655
Cash to seller
$404,345

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

October 2020

Original loan amount

$312,000

Est. remaining balance

$285,655

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Maranda Gerstenschlager and John Cody Stevens

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: 09/19/2024 at 5:55 AM

Listing updated: 08/31/2024 at 4:21 PM

Listed by: Ziad Soueidan, RE/MAX Team 2000 Phone #: (313) 561-0900

MLS: Realcomp #20240061560

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Recently listed in Commerce Twp