tomo logo

$675,000

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

  • 19 days on market
    • Price drop $20,000↓
Gorgeous 5 bedroom home with a fully finished basement and lake access. There is neighborhood beach access and lake views on Reed Lake. Great for kayaking, paddle boarding, fishing, ice skating and hockey. The main level features wood floors throughout, a den, dining room, large great room with a gas fireplace, built ins and is open to the updated kitchen. The kitchen has granite counters, a walk in pantry, a large island and stainless steel appliances. Upstairs holds 3 spacious bedrooms, a full bathroom with dual sinks and ceramic tile, a laundry room, and the primary suite with a tray ceiling, large walk in closet and full bathroom with a soaking tub and dual sinks. The finished basement features a bedroom, finished living space, full bathroom, and lots of storage. Additional amenities include 3.5 car side entry garage, brick exterior, accessible attic space from the upstairs for additional storage or potential extra square footage. The area is surrounded by walking trails accessible to the home, parks, lakes and is close to M5 for multiple freeway access. This incredible home is one you don’t want to miss.

Details

Property type

Single Family Residence

Est. home value

$583,155

Lot size

0.31 acres

Price per sq ft

$237

Year built

2013

Annual property taxes

$7,537

Monthly HOA fee

$54.17

Price History

02/18/2025
Realcomp

Realcomp #20250007505

Price change
$675,000
-2.88%
02/03/2025
Realcomp

Realcomp #20250007505

Listed
$695,000
-4.66%
12/06/2024
Realcomp

Realcomp #20240061560

Removed
$729,000

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

$339,004
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$281,996
Cash to seller
$339,004

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

$281,996

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?

Similar Homes Nearby

Price drop
Realcomp
$649,000
5 bd
|
3.5 ba
|
3,212 sq ft
|
House

5699 Strawberry Cir, Commerce Township, MI 48382

Price drop
Realcomp
$745,000
4 bd
|
3.5 ba
|
3,188 sq ft
|
House

3117 Roma Ct, Wixom, MI 48393

Realcomp
$675,000
4 bd
|
3.5 ba
|
2,982 sq ft
|
House

4138 Ascott Ln, Walled Lake, MI 48390

Status: Active

Tomo last checked: 02/23/2025 at 5:15 AM

Listing updated: 02/18/2025 at 10:24 AM

Listed by: Kimberly Yezbick, Kimberly Yezbick, Real Estate One-NorthvilleReal Estate One-Northville Phone #: (248) 305-1900

MLS: Realcomp #20250007505

Realcomp logo

Recently listed in Commerce Twp