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$1,375,000

Beds
6
Baths
8.0
sq ft
5,664

5003 Rockaway Ln, Clarkston, MI 48348

5003 Rockaway Ln

Independence Twp, MI 48348

  • 18 days on market
Live in Clarkston’s most exclusive golf course & country club community. Chateau Rockaway - a Stylish Classic is sited in the undisputed best enclave in Oakhurst. This home’s setting on the 9th fairway of the Arthur Hills crafted course is second to none. The nearly all-brick exterior leads to bold architectural elements throughout, with priceless accents, delivering timelessness to this treasure. Towering foyer w/custom, hand milled staircase invites you into an interior of softly hued walls & splendid extended moldings. An inviting blend of antique light fixtures, Waterford Crystal chandeliers, high-end flooring & tile & solid doors. Kitchen/dining space is pleasure loaded for a rip-roaring, fire-lit escape to the harmonious sizzle of casual space blended with a dynamic chef's arena of the finest in culinary choices; custom cabinetry, dual islands, GE Monogram, Thermador & Fisher Paykel appliances will delight any gourmand. Often sought & majestic, 1st floor primary bedroom w/tray ceiling, primary bath with all your “I Wants” & walk-in closet w/custom built-ins. Handsome study, formal dining room for the magic of the holidays adjoins the explosive great room w/20’ ceilings. The 2nd floor features 3 bedrooms, all with ensuite baths, & high-end plumbing & electrical fixtures, bonus room could function as a bedroom. Finished, walkout lower-level w/harmonious quality; expansive family room, 2nd kitchen/bar/wet/bar wine cellar and guest bath make entertaining a breeze. A bedroom w/ensuite baths & an office rounds out this level. The 6+-car capacity garage, with its high ceilings, is a unicorn. With the ability to house two hoists the garage can accommodate all that a Woodward Dream Cruiser could ever wish for. Supersized Generac generator. Private setting yet with wide-sweeping golf course views, oodles of custom paver stones & commanding professional landscape & hardscape plus room for a pool. In owning this home you have officially arrived! Inquire for improvements since purchase, recent appraisal $1.45M. IDRBNG

Details

Property type

Single Family Residence

Est. home value

$1,318,443

Lot size

0.52 acres

Price per sq ft

$243

Year built

2002

Annual property taxes

$20,121

Monthly HOA fee

$157.58

Price History

12/04/2024
Realcomp

Realcomp #20240090262

Listed
$1,375,000
+10%
12/28/2023
Realcomp

Realcomp #20230087391

Sold
$1,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Tennis Court(s)

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

$149,476
Asking price
$1,375,000
Closing costs (~8% of asking)
-$110,000
Est. remaining loan balance
-$1,115,524
Cash to seller
$149,476

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 State University Fcu

Loan start date

December 2023

Original loan amount

$1,125,000

Est. remaining balance

$1,115,524

Interest rate

7.5%

Loan type

New Conventional, 30 year

Seller

Shawn Smith and Traci Smith

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: 12/23/2024 at 6:40 AM

Listing updated: 12/12/2024 at 2:00 PM

Listed by: Emily A Ford, Morgan Milzow & Ford, REALTORS® Phone #: (248) 625-1010

MLS: Realcomp #20240090262

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