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$374,900

Beds
4
Baths
2.0
sq ft
1,699

5024 Timber Ridge Trl, Clarkston, MI 48346

5024 Timber Ridge Trl

Independence Twp, MI 48346

  • 3 days on market
Beautiful 4 bedroom, 2 bathroom home nestled on a quiet cul-de-sac in the highly sought after Lake Oakland Woods subdivision. This well maintained home features a quaint kitchen with new stainless steel appliances and chalkboard wall, a cozy family room with natural fireplace and door wall leading into a 3 season Florida room, wood and ceramic floors, A/C, closet organizers, neutral colors and plenty of storage! Enjoy entertaining or simply relaxing on the large deck overlooking the park-like backyard. Perfectly located in close proximity to shopping and highways and is in the award winning Clarkston School District. One year home warranty included!

Details

Property type

Single Family Residence

Est. home value

$346,029

Lot size

0.30 acres

Price per sq ft

$221

Year built

1978

Annual property taxes

$4,467

Price History

03/13/2025
Realcomp

Realcomp #20250016849

Listed
$374,900
+20.94%
11/22/2021
Realcomp

Realcomp #2210086659

Sold
$310,000
+34.78%
05/18/2017
Realcomp

Realcomp #217022219

Sold
$230,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$114,346
Asking price
$374,900
Closing costs (~8% of asking)
-$29,992
Est. remaining loan balance
-$230,562
Cash to seller
$114,346

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

November 2021

Original loan amount

$248,000

Est. remaining balance

$230,562

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Matthew Patercsak and Cynthia Patercsak

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: 03/17/2025 at 9:25 AM

Listing updated: 03/15/2025 at 2:14 PM

Listed by: Kimberly A Bow, Real Estate One Phone #: (248) 625-0200

MLS: Realcomp #20250016849

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