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$424,895

Beds
3
Baths
3.0
sq ft
1,662

395 Lakes Edge Dr, Oxford, MI 48371

395 Lakes Edge Dr

Oxford Vlg, MI 48371

  • 21 days on market
    • Price drop $23,105↓
Wonderful Oxford Lakes Beauty with two Lakes! This is a one of a kind, Custom Built home and flaunts a Designers Contemporary flair! Clean lines, fresh, light and beautiful views from every window! Move In Ready! Large Lake Front lot with use of the Subdivision's wonderful swimming beach, docks, park, tennis & basketball courts, playground & Gazebo for your picnics. This home has 3 Bd., 2 Full and 2 half baths, Large walk in closets, a finished walk out lower level, 3 car spacious garage, Open concept, see through open flight stairs, Large windows, Remodeled Kitchen with stainless steel appliances. Lake stocked for the fisherman, and spacious rooms throughout! The family room boosts a natural wood burning fireplace, game room area and there is great storage in the lower level. There's a large 1st floor master suite, and 2 large decks off the kitchen and living room which make the home ideal for entertaining! Oxford Lakes offers a great amount of amenities that include Beach access, boat access/boat ramp, tennis courts, pickleball courts, volleyball, basketball, pavilion rental, and food trucks. You are a bike ride away to Polly Ann trail and to down town Oxford to enjoy all restaurants, bars, shops, etc. Schools are in close proximity. The other lake on property, Ploss Lake is a non-motorized lake that offers fishing with troll boat, kayaking, etc. A great place to call home!!

Details

Property type

Single Family Residence

Est. home value

$404,322

Lot size

0.49 acres

Price per sq ft

$256

Year built

1978

Annual property taxes

$6,230

Monthly HOA fee

$33.33

Price History

09/12/2024
Realcomp

Realcomp #20240063848

Price change
$424,895
-5.16%
09/03/2024
Realcomp

Realcomp #20240063848

Price change
$448,000
-4.66%
08/27/2024
Realcomp

Realcomp #20240063848

Listed
$469,900
+72.44%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Oxford

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

$163,564
Asking price
$424,895
Closing costs (~8% of asking)
-$33,992
Est. remaining loan balance
-$227,339
Cash to seller
$163,564

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

Seller’s Loan History

Lender

Genisys Cu

Loan start date

October 2017

Original loan amount

$264,325

Est. remaining balance

$227,339

Interest rate

3.78%

Loan type

New Conventional, 30 year

Seller

Michael G Nicholson and Mary M Spinney

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: 09/18/2024 at 12:50 AM

Listing updated: 09/12/2024 at 12:11 PM

Listed by: Jim Derkacz, Realty Executives Stoney Creek Phone #: (248) 923-2795

MLS: Realcomp #20240063848

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