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$1,049,917Estimated home value

Beds
3
Baths
4.0
sq ft
3,800

5028 Oakwood Ct, Commerce Township, MI 48382

5028 Oakwood Ct

Commerce Twp, MI 48382

  • Sold On 3/11/2016
A LONG PAVER STONE DRIVEWAY THROUGH THE WOODS LEADS TO THE COVERED ENTRY OF A CUSTOM-BUILT HOME FEATURING EXCEPTIONAL ARCHITECTURE BY ARCHITECT DON PAUL YOUNG UTILIZING THE FINEST OF MATERIALS. THE GREAT ROOM FEATURES OVER 1,000 SF OF ITALIAN MARBLE IN 44" X 44" SIZED SLABS, BEAUTIFUL VIEWS FROM FLOOR TO CEILING WINDOWS, AND CEILING AREAS WITH CANTILEVERED ETCHED GLASS LIT FROM BEHIND. THE LARGE DINING AREA OVERLOOKS THE WOODS, POND AND A WATERFALL. A GOURMET KITCHEN OF BIRDS EYE MAPLE, GRANITE AND TOP OF THE LINE APPLIANCES, ALONG WITH A CLIMATE CONTROLLED WINE ROOM, A PRIVATE GUEST SUITE, OUTDOOR ENTERTAINMENT AREAS, A POKER / WORK-OUT ROOM, AND TONS OF STORAGE SPACE COMBINE WITH 1.69 ACRES AND 480 FEET OF FRONTAGE ON ALL SPORTS LAKE SHERWOOD - PERFECT FOR ENTERTAINING AND PRIVATE RELAXATION. THERE'S ALSO A WHOLE-HOUSE EMERGENCY GENERATOR, THREE DOCKS AND A SANDY BEACH AREA. PRE-QUALIFIED BUYERS ONLY, LISTING AGENT TO BE PRESENT FOR ALL SHOWINGS.

Details

Property type

Single Family Residence

Est. home value

$1,049,917

Lot size

0.92 acres

Price per sq ft

$368

Year built

1988

Annual property taxes

$8,883

Price History

12/21/2024
Realcomp

Realcomp #20240083134

Removed
$1,495,000
12/05/2024
Realcomp

Realcomp #20240083134

Price change
$1,495,000
-6.27%
11/04/2024
Realcomp

Realcomp #20240083134

Listed
$1,595,000
+31.28%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Huron Valley

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2020

Original loan amount

$1,005,000

Est. remaining balance

$905,754

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

William Gershenson and Theodora Gershenson

Lender

Mercantile Bank Of Michigan

Loan start date

November 2017

Original loan amount

$68,000

Est. remaining balance

Not provided

Interest rate

3.16%

Loan type

Credit Line (Revolving)

Seller

William Gershenson and Theodora Gershenson

Lender

Bank Of Birmingham

Loan start date

April 2016

Original loan amount

$60,750

Est. remaining balance

Not provided

Interest rate

2.85%

Loan type

Credit Line (Revolving)

Seller

William Gershenson and Theodora Falvo

Lender

Bank Of Birmingham

Loan start date

March 2016

Original loan amount

$972,000

Est. remaining balance

Not provided

Interest rate

3.99%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

William Gershenson and Theodora Falvo

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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Tomo last checked: 12/24/2024 at 7:25 AM

Listing updated: 08/30/2023 at 10:15 AM

Listed by: Michael P Kirchner, Real Estate One-Milford Phone #: (248) 684-1065

MLS: Realcomp #215113036

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