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$2,500,000

Beds
6
Baths
7.0
sq ft
8,109

5001 Forest Valley Dr, Clarkston, MI 48348

5001 Forest Valley Dr

IndependenceCharterTownship_Oakland, MI 48348

  • <1 day on market
This stunning, 8,000 sq ft fully updated lakefront estate spans 2.6 acres and offers every luxury you could imagine. Positioned on a hilltop, it provides breathtaking views and features a paver path that leads down to the lake. The brand-new 20x40 saltwater infinity pool, complete with pebble tech and an automatic cover, overlooks the water. The home boasts 6 spacious bedrooms, 6 full bathrooms, and 2 half baths. Additional highlights include an elevator, a heated 4+ car garage with an electric charger, and a 6-person, 4-wheel drive vehicle to help you navigate down to the lake. The estate has sandy lakefront access, with a boat house to store water toys. It is equipped with all-new appliances, a natural gas generator, and an elevator that serves all three levels. The 500 sq ft primary suite offers a private sitting porch with stunning lake views. Patios and decks are located on every level, and the lower level includes changing rooms for guests. The home also features a theater room with custom seating. With top-of-the-line amenities and impeccable updates throughout, this estate truly has it all.

Details

Property type

Single Family Residence

Est. home value

$2,010,462

Lot size

2.65 acres

Price per sq ft

$309

Year built

2006

Annual property taxes

$28,636

Monthly HOA fee

$45.83

Price History

04/02/2025
Realcomp

Realcomp #20250022205

Listed
$2,500,000
03/27/2025
Realcomp

Realcomp #20250017562

Removed
$2,500,000
03/17/2025
Realcomp

Realcomp #20250017562

Listed
$2,500,000
+85.19%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Clarkston

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

$1,949,787
Asking price
$2,500,000
Closing costs (~8% of asking)
-$200,000
Est. remaining loan balance
-$350,213
Cash to seller
$1,949,787

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

May 2021

Original loan amount

$450,000

Est. remaining balance

$350,213

Interest rate

2.45%

Loan type

New Conventional, 15 year

Seller

Joseph P Felicelli and Julie P Felicelli

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?

Status: Active

Tomo last checked: 04/03/2025 at 7:30 AM

Listing updated: 04/03/2025 at 6:07 AM

Listed by: Lee Embrey, Signature Sotheby's International Realty Bham Phone #: (248) 644-7000

MLS: Realcomp #20250022205

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