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$850,000

Beds
3
Baths
2.0
sq ft
2,163

250 Oak Island Dr, Wolverine Lake, MI 48390

250 Oak Island Dr

Wolverine Lake Vlg, MI 48390

  • 17 days on market
    • Open house Oct 06
Beautiful home nestled on its own peninsula right on Wolverine Lake! Amazing opportunity that you cannot pass up. Tremendous outdoor space with private beach, newly painted deck (2024), garage roof (2021), and basketball hoop (2021). First floor bedroom with walk-in closet and new laminate floors (2021). Gourmet kitchen with granite, new faucet (2021), and new Thermador stainless steel appliances – 5 burner gas range, microwave, refrigerator, dishwasher (2023). Open floor plan from kitchen leading to dining room and family room. Hardwood floors, new Pottery Barn chandelier (2021), and full bath vanity (2021). New carpeted stairs (2021) leading to the second floor. New laminate flooring (2021) for both bedrooms. Great loft space for an office. New water heater (2018), 1st floor A/C and furnace (2017). Newer 2nd floor furnace and A/C (recently serviced July 2024) and Andersen windows. Incredible waterfront home you must see!

Details

Property type

Single Family Residence

Est. home value

$706,643

Lot size

4,792 sq ft

Price per sq ft

$393

Year built

1940

Annual property taxes

$16,125

Price History

09/18/2024
Realcomp

Realcomp #20240070339

Listed
$850,000
+13.33%
07/01/2021
Realcomp

Realcomp #2210033210

Sold
$750,000

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

$272,600
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$509,400
Cash to seller
$272,600

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

Seller’s Loan History

Lender

Michigan First Cu

Loan start date

June 2021

Original loan amount

$548,250

Est. remaining balance

$509,400

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Eric Weldon Grimes

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: 10/05/2024 at 11:30 PM

Listing updated: 10/05/2024 at 2:21 PM

Listed by: John K Goodman, Century 21 Curran & Oberski Phone #: (734) 464-6400

MLS: Realcomp #20240070339

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Recently listed in Wolverine Lake Vlg